Ballymena North Partnership Ltd Statement of Financial Activities for the Year Ei nded 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds TotAI 2025 Note Income And Endowments from: Cliaritable activities 237.426 237,426 Total income 237,426 237,426 Expenditure on: Charitable activities 255,174) (255,174) Total expenditure (255,174) (255,174} Net expenditure Transfers between funds (17,748) 34.809 (17,748) (34,809) Net movement in funds 17,061 (34,809) (17,748) Reconeiliation of funds Total fLinds brought foiward 229.999 1.118.415 1.348,414 Total fund5 carried forward 13 247,060 1,083,606 Restricted funds 1,330,666 Total 2024 Unrestricted funds Note Income and Endowments from: Chari12ble activitie5 210.400 210,400 Total income 210.400 210.400 Expenditurc on: Cliaritable activities (249,376) (249,376) Total expenditure Net expenditure Transfers between funds (249.376) (249.376) (38,976) 34.823 (38,976) (34,823) Net niovement in funds (4,153) (34,823) (38,976) Reconciliation of funds Total funds brougl)t forward 234, l52 1.153.238 1.387,390 Total funds carried forward 13 229.999 1,118,415 1,348,414 All of the charity's activities derive from continuing operations during the above two periods. Tli¢ funds breakdown for 2024 and 2023 are shown in note 13. Tlie note5 on pages 8 to 16 form an integral part of tliese financial statements. Page 6 Ballymena North Parl'nership Ltd (Registration number: N1049869) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 1,107,480 1.143.803 Current ossets Debtors Cash at bank and iii Iiand 10 22,790 235.448 17.157 217,916 235,073 25 8,238 Creditors: Amounts falling due within one year 12 35.052) (30,462) Net current 1155ets 223,186 204.611 Net assets 1,330,666 1.348,414 Funds of the chai'ity: Restricted incomc funds Restricted funds 13 1.083,606 1,118.415 Unrestricted income funds Unrestricted fund5 247.060 229.999 Tot81 funds 13 1.330,666 1,348,414 ror the finaiicial year ending 31 March 2025 the charity was entitled to exemption from audit under sectioii 477 of the Companies Aci 2006 relating to small companies. Directors, responsibilities.. The membei's have not required tlie charity to obtain an audit of its accounts for the year in question in accordance witli scclion 476. and The directors acknowledge their responsibilitie5 for complying with tlie requirements of the Act with respect to accounting records and the preparation of aGcounts. The financial slatenients on pages 6 to 16 were approved by the trustees. and authori5ed for issue on 26 Novetnber 2025 and signed on Ili¢ir belialf by: Neil Armstrong Chairman and Trustee Robe ames Mccah Company Secretary and Trustee The notes on pages 8 to 16 form an integral part of tliese financial statements. Page 7 Ballymena North Partnership Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 I ChArity status The charity 15 limited by guarantee, incorporated in Northern Ireland, and consequently does not have sliare capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidatioii. The address of its registered office is.. 120 Cushendall Road Ballymena BT43 6HB These financial statements were auilioi'ised for i55ue by the trustees on 26 November 2025. 2 Accounting policies Summary of 5ignifJcaDt accounting policie5 and key accounting estimates The principal accounting policies applied in tlie pi'eparation of these financial stateinents are set out below. These policies have been consistently applied to all the years prescnted, unless otherwise stated. StAtement of compliAnce Tlie financial stateinents liave been prepared in accordance witli Accounting and Reporting by Cliarities: Stateinent of Reconimended Practice applicable lo charities preparing theii- account5 in accordance witli tlie Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applic&ble in the UK and Republic of Ireland (FRS 102). They also coinply with the Companies Act 2006 and Charities Act (Northern Ireland} 2008. Basis of preparAtion Ballyinena North Partnership Ltd meets the definition of a public benefit entity under FRS [02. Assets and liabilities are initially recogni5ed at historical ¢05t or transaction value unless otherwise stated in tlie relevaiit accounting policy notes. The presentation currency of tliese financial statements is sterling. All amounts in th¢ financial statements have been rounded to the nearest £1. Going concern The fin￿]cIal stateittents liave been prepared on a going concern basis as tlie trustee5 consider ther¢ are no material uncertainities about tlie charity's ability to continue as a going concern nor any Significant areas of uncertainity tliat affect the carrying value of assets held by the charity. The trustees have assessed a period of 12 montlis from the date of approving tlie financial statements botli in relation to tlie level of funds held and tlie expected level of income and expenditure with regard to the appropriateness of the going concern assumption in preparing the financial statements taking into consideration all relevant factors. The trustees note that and believe tliat tlie coinpAny will continue as a going concern and be able to realise it5 assets and di5oharge its liabilities iii the norinal course of business. Exemi)tion from preparing a c#511 how stAtement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statemeiit in these financial statements. Page 8 Ballymena North Partnership Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Judgements Tlie preparation of the financial statements require5 Inana8ement to make judgeinents. estiinates and assumptions that affect tl)e application of accounting policies and the reported amount of assets and liabilities. income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results inay differ from these estimates The estimates and underlying assumption5 al'e reviewed on an ongoing basis. Revisions to accounting estimates are I'ecognised in tlie period in which the estimate is revised where the revision affects only that period, or in tlie period of the revision and futui-e period5 where the revision affects both ttu￿ent and future periods. Key sourees of estimHtion uneertllinty Tangible Fixed assets Tangible fixed assets are depreciated over their usefiil economic lives taking into account i'esidual values. where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depeiiding on a number of factors. In re-assessing asset lives. factors such as maintenance prograinmes and technological iniiovation are takeii into account. Residual value assessments consider issues such as future market conditions. the ren)aining life of tlie asset and projected disposal value5. The carryinE aniount is £1.107,480 (2024 -£1.143,803). Income and endowrnents All income is iEcognised once the charity ha5 entitlement to the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. Expenditure ASI expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlcinent is required and the amount can be measured reliably. A51 costs are allocated to the applicable expenditure headiiig that aggregate similar costs to that category. Where cost5 Gannot be directly attributed to particular lieadings tliey liave beeii allocated on a basis consistent witli tlie use of resources. witli central staff costs allocated on the basis of time spent. and depreciation charges allo¢ated on the portion of the asset's use. Otliei. 5UPPOrt costs are allocated based on the spread of staff costs. Charitable aclivilies Chdritable expenditure coinprises those costs incurred by the charity in the delivery of its 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. Taxation The charity is considered to pass the test5 set out in Paragraph I Schedule 6 of tlie Finance Act 2010 and therefore it ineet5 the definition of a charitable company for UK Gorporation tax purposes. Accordingly, the charity is potentially exLmpt froiii taxation in respect of incoinc or Gapital gains received within categoi'ies covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act l992. to the extent tliat 5ucli iiicome or gains are applied exclusively lo charitable purposes. Depreciation and amortlSAtion Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Page 9 Ballymena North Partnersliip Ltd Notes to the fiinancial Statements for the Year Ended 31 IW1arch 2025 Asset class Land & Buildings Furniture & Equipment Plant & Machiiiey Depreciation method and rate 20/0 Straiglit Line 250/0 Reducing Balance 25 /0 Reducing Balance Impairment of fixed Assets The company assesses at each reporting date whetlier tangible fixed asset5 are impaired Trade debtors Trade debtors are amounts due froin customers for amounts invoiced in respect of unit or room Iiire rentals or service5 performed in the ordinary course of business. Trade creditors Trade creditors are obligation5 to pay for Eoods or services that liave been acquired in tl)e ordinary course of business from suppliers. Accounts payable are classified as curreiit liabilities if tlic cliarity docs not have an unconditional riglit, at the end of the reporting period. to defer settleinent of the creditor for at least twelve months after tlie reporting date. If there 15 an unconditional riglit to defer settlement for at least twelve nionths after the reporting date, they are presented as non-current liabilities. Fund structure Unrestricted income funds are general fund5 that are avaklable for use at the trustees di5cI'etion in furtherance of the objectives of tlie charity. Restricted income fijnds are those donated for use in a particular area or for specific purposes, the use of wliich is restricted to that area or purpose. 3 Ineome from charitAble activities Unrestricted funds General 'rotal 2025 Unit Rental Rental of Meeting Rooin5 Office hire Cafe hire Refre51iment5 Events at Sports Hall Service Level Agreenient - Ballymena Loiinoil Staff cost charge Bank iiiterest receivable 65,328 67.223 24.046 1,466 6.213 458 66.974 3.550 2,168 65.328 67.223 24,046 1.466 6,213 458 66,974 3,550 2,168 237,426 237,426 Page 10 Ballymena North Partnership Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Unrcstricted funds General TotAI 2024 Unit Rental Rental of Meeting Rootns Office hire Cafe hire Refreshments Sei'viLe Level Agreement - Ballymena Council Vending Machiiie Commission Staff Cost cliarge Bank interest receivable 67,150 41,872 29,318 3,842 2.570 56,615 79 7.323 1.631 67,150 41,872 29,318 3.842 2,570 56,615 79 7,323 1.631 210.400 210,400 Pagell Ballymena North Partnership Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 4 Expeiiditure on charitable xctivities Unrestricted funds General Tol%1 funds Staff costs Discounts given to cl)aritablc organisations Car Park Hire 102,983 1,605 400 1.978 1.449 20,900 20,288 25.698 2,157 1.274 2,914 2,200 I,447 340 4.466 2,861 (22) 346 2.870 i 0.000 11,716 981 35,328 436 559 102.983 1,605 400 Rates Water rates Liglit, lieat and power Insurance Repairs and maint¢nan¢e Telephone and fax Catering Compiiter software and maintenance costs Human Resource Managen)ent Printing, postagc and stationery Event5 team Washroom Hygiene, Cleaning & IVa5te Collection Sundry expenses Bad debts written off Advertising Accountancy fees Trustees reinuneration Legal and professional fees Bank chai'ges Depreciation of freehold property Depreciation Plant & Machinery Depreciation of fixtures and fittings (Omffled) TotAI for 2025 1.978 I,449 20,900 20,288 25,698 2.157 1,274 2,914 1.447 340 4,466 2,861 (22) 346 2,870 i 0.000 11.716 981 35,328 436 559 255,174 255,174 TotAI for 2024 249,376 249.376 Page 12 Ballymena North Partnership Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 5 Net incomingloutgoing resources Net outtroing i-esoLlI'ces foi. tlie year incliid¢'. 2025 2014 Other non-audit services Depreciation of fixed assets 2,870 2,700 36,571 6 Trustees remuneration expenses During tlie year the charity niade tlie following transactions witli trustees.. The treasui'er received an honorarium payment during the year due to the substantial amount of time dedicated lo tlie centre and iinmense contribution made to it, resulting in a considerable improvement of the centre. 7 Staff cost5 'riie aggregate payroll costs wei'e as follows.. 2025 2024 Stat'f costs during the year were: Wages and salaries Social security costs Pension costs 100,878 915 1,190 120,027 4,903 2,355 102,983 127.285 Tlie iiionthly average number of persoiis (including senior manageinent / leadersliip team) etllployed by the charity dui'ing the year expressed as full time equivalents was as follow5= 2025 2024 Adinii)istration No eniployee received emoluinents of more than £60,000 during the year. 8 TllxAtion I"he cliarity is a registercd charity and is therefore exempt from taxation. Page 13 Ballymena Nortli Partnership Ltd Note.8 to the Financial Statements for the Year Ended 31 March 2025 9 Tangible fixed assets Lllnd and buildings Fui'nitui'e and equipment Pl