Company reglstsztion number. N1050683 Charity retratIOtt number: NIC104515 Blythswood Ireland Limited (A ¢ompany limited by gu4raDtee) Annual Report and Financial Statanmts for the Year Ended 31 December 2024 TB Millar & Co Chart¢red Accountant & Registered Auditor 6 Doagh Road Balfyclc Co Anlri BT39 9BG
Blythswood Ireland Limited Contents Reference atjd Administrative Details Tntee$, Rett 2to6 Sta*m¢nt of Tn]8tees' Responsibilities Independ¢th Auditors, Rep)rt 8toll ststellat of Financial Activities 12to13 Balall¢e She¢t 14 Statement of Casb Flows 15 Notes to the Financial Statements 16to29
Blythswood Ireland Limlted Reference and AdmiDiStrative Details Prin¢1p Office 93 Templepatrick Rood Ballyclare BT39 9RQ The charity is in¢ory)orated in Northern Irelan N1050683 Company Re&toll Number Charlty Registration Numb¢r NIC104515 Audltor TB Millar & Co Chartered Accountant & R¢gi6t¢red Auditor 6 Doagh Road Ballyclate Co Antrim BT39 9BG Page I
Blythswood Ireland Limited Trustees, Report Th¢ trLtherf, who aTe directors for th¢ purposes of company kawg present tbe annual report together ryth the finattcial statements aud auditors, report of th¢ ¢lJaritable Company for the year ended 31 D¢c¢mber 2024. Trustee5 Mr A Kemp (appointed 26th Jime 2024) fy J Ross (appointed 27th March 2024) Mr AH SvrazLgon Trustee Resignadons Dwing the year, two trustees resigne(L Mr JA Campbell (resigned 26th June 2024) Mr JM Campbell (resigned 27th MCh 2024) General infornution Blythswood Ireland Limited is a Chrtgtian cba¥ity wbich seeks to share the GospeL to help those in need, to fith¢r education and alleviate distr¢ss and pov¢rty at home and abmad. The prillripal place of business and the registered office is situated at 93 T¢mplepatri¢k Road, Ballyc]are, Co Aotrim. The clLarity'S operations illclud¢ one ware1$¢ and eight ¢h•ity shops located 2n ditferent ar¢as of Nortbem Ireland which ¢¢ive and sell donated goods in order to fund its cl]aritable aclivities. A descrujtion of the charity"s operdtioDS and its principal activitie5 are included in 'activities ill the year. on page 3. The trustees who s¢ed duting the period and other refe£¢n¢e and admitratiOn inforn)atiort can be found on page l. Objectlves and aclivilies Objects 4xd aix The charitable obj¢cts of th¢ chaTity are th¢ advaw¢ment of tbe cls11all religiory the relief of poverty by the saic and distiibution of donated goods and the advancement of UCatIon for the public benefit* particularly for poor and disadvanatsged ¢hkldr¢JL The Glwitys priticip21 actÉvities continue to be ministeriog to people's spirit11 and physical needs, in the provision of relief suppli¢s and in asSijng the development of projects itt Northern Ireland, Eastern Europe and other Countri¢ Page 2
Blythswood Ireland Limited Trustees, Report Aclivii>es in theyeor The lThding activities of the retsil operation continued to dwing 2024 allowing us to continue to work with our existing paTtneTs, Blythswo(xl RoD)atiia, Blythswood S¢rbAa and our major partsler Blythswood Care (UK). During the fmancial year 2024 the cbarity financed and sent out I 1,110 filled Shoeboxffj which were delivered via the Blythswood Car¢ Sho¢ BoX Appeal to project partllers in Ronwi4 for distribution to groups of poor and n¢edy ¢hildren alld adults in those ¢ountri&8. These boxes were collected frorn individual supporters, schools, churches, and other groups in the Provin¢¢, Tkney w¢ wllert¢d and deliveffd to Ballyclar¢ Hub, our sorting centre, wh¢r¢ ¢aGh box was thrk¢d and repack¢d by ow ¢xcellent group of vohmteers and stsff who rccoided many hours of voluntary time. The value of goods in these shoeboxes Was approxim&tely £277,750. Thity two boxes of blankets were aEso SCDt out with Shoebox load8 or distributed to lo¢ai charAties. Cth dollations including gift aid claill¢ collerted for the Shoe Box Apr and forwarded to BlwoOd Care in Scotland from Northern Ireland Conti1bOrS amounted to £40906 dwAog this financial year. Donations [e1v thougb our shops Poiut of sale system ftir our gift Gatalogue amount¢d to £3.393. Gift Catalogue donations £3,393 The chaTity S0. donated goods to local good causes which included the Bl)tbswood Ireland HoroeGaTe Projec through Nvbicb we w¢ able to assist wilh a of requests to SLllwly fiwniture arAd oth¢r hou5¢hold goods to Jeedy famAlies ref<ffed to us by social s¢rvi¢¢4 MLA'S, local ¢owwillor& and CAP (Christiktts against povety). The value of these goods is £2,589. Two local charities received donations as follows Hope for Youth Schoojs Project £2,500 and The Cithrah Foundation £2,000. Activities of our Partnersbip Group ~ supporting Blythswood Care proje¢ts - with donations of £164,238 Talita Kun4 RomaDia £30,01)O, Blythswood Serbia £28,(X)O, S¢rbia pastoral support £5,000, Cornerstone MiJ)istri¢s, Muujbai £46.838, Sargy S¢hool R¢s?llga Island, Kenya £IO,OCrt), Bonus Pastor Foundation, Ro?)la £IO,O(KI, World Outreach tnitiative, BUnml £IO.O(10. Life through Sports £12,400, Pakistan Sunday School MiDistries for 30,OIKb BiTrJl¢tillK story books £6,000, Walt¢r Waheed £2,(XXI, HaT8r¢ Shelt¢r £4,000. We continue to impTove al develop our sbop operation and eight shops continue to operate in the Province. A dedicated body of volullteers continue to be a vitsl part of our organisation at the Ballyclare Hub sorting shoeboxes, in the sljops throughout th¢ Provitice. Th¢ approximate value of their contribution for the year is estijtiated to be more that £115,080. The value of ¢haritabl¢ ¢onknbutions to various a¢tivitie$ can be gumrrised as follows: Shoebox appeal £40,906 Other donations £3.393 Over8e&8 donations from our Patthership Account- £164,238 Gift in kind donatioJ)s values at- £277,750 Page 3
Blythswood Ireland LiD)ited Trustees, Report Publle benefit We help to ptovide food and clothiDs to all¢viate hunger and poverty suffera by thos¢ who liv¢ iti ornear to the pmject partners that we support in E>en) ELfOP¢. We atso he]p to give lifeskills to those people and this in turn will help them as they seek to nM)ve out beyond th¢Ar current environment and seek fillther ethallon and en]pioynent therefor¢ in]proviDg their wellbeing attd quality of life. We ty to alleviate povety at home by providirtg firnitjjre and house1Id iten]s ts brok¢n families wkn are then able to ¢ their limited finances to better e)fecL These benefits can be demonstrated by t¢stimonials from recipients that are published in Bl)rthswood News and by the r¢gu]ar attendances at th¢ centres operated by th¢ project partners that we supporL Childmi al youug people ar¢ oloth¢d and fed at ll)any of our 5UPPOrt¢d faciliti¢s. Some of the facilities have bellcfitted frojn building teams who have made improvements to the fabric of the building5, but all of this wm* is undertaken to improv¢ th¢ fa¢ilities so that all those who attend will benefit from the improvements and have better conditions in wbi¢h to leans eat and mix socially with others thereby inwrovujg their quality of life. Th¢ trust¢¢s confirm that they have COJDplied with the requir¢m¢nts of section 4 of the Charities Art 2008 to have due regard to tbe public ben¢fft guidan¢e published by The Charity CoDuni&sxou forNortbcrn Ireland. Fillallcial review The result8 for the p10d ar¢ detled on pag¢ 12 of the fjrtancial statenlts. The llet expenditure resources for 12 mollths to 31 Doc¢rnb¢r 2024 is £1,755 (12 months to 31 D¢mber 2023 n¢t inconung resources of £32,420). Our trading income from l January to 31st Dewnber 2024 was £1.098,441). (£1,061162 in l JaDllary to 31 DeceuAb¢r 2023). Policy on Tbe charAty is foujthed on the basis of Cknistiall belkefs. The trustees do not consider it approwwte to ietaiu sutpluse4 but have faith that the needs of the charity Mryll be met as aTAse. On a day to day basis, the Chlty has established a policy whereby the chaTRty llAaiutains sufficient l¢v¢ls of to Continue CUellt tiVitieS for 2 to 3 months before utilising tb¢ r¢ll11 ullr¢stTi¢t¢d reserves to fund th¢ OTgaJJis3tion for up to 6 months based on tb¢ Qurrent years totsl expenditure. Th¢ ITUStees consider that reserves maintained at this level will enswe that, in the event of a significant drop in income, thry will be able to continue th¢ clwity's ¢urr¢nt a¢tivities while consideration is given to Way5 in which additional fimds nY b¢ taised. This level of reserves has bcen maintsined throughout the year, Going eoneern The finaTh¢ial statements bavc b¢¢n prepard on a going concern basis. The trustecs assess whether the use of going conG6rn is appropriate ie. whether there are any JnateTial ncertaiuties related to events ¢onditions that may cast significant doubt on the ability of the c]wity to continu¢ as a going concffli. Th¢ trustees make this aSs8111ei1t in respect of a period of one year from the date of approval of the fmancial statements. Page 4
Blythswood Ireland Limited Trnstees, Report Structure* governance and mAnagenwit Recrnitmenl andappointinenl oflrmstees Trustees (wbo are the dire¢tors of Btythswood Ireland Limited) aT¢ appointsd by the and hold office for an indeflliite ternL IndH¢lioA and tr4inix8 oltrustees All trustees r¢c<ive infomwtion ovtlining the r¢sponsibilitses of trusedirectOrS alld are invited to take part i D¢¢isions r¢garding strategic &veloprnent and orgaDisatiollal Outyuts and OutconS are decided by the stee8, on advice of senior staff. All expeoditsre is monitored by the thteedIreCtOrs and in line with and docurnt¢d OrgqBiJalionqlstr#¢¢Hre The wgaJisation is a charAtabIe company lited by guarantre, iD¢orporated on 13 May 21KJ4, retered with the Charity Cotilltiission of North¢m Treland attd with HM Revemie and Customs. Th¢ obj¢¢ts aud powers of th¢ i)mpany gov¢rn6d by its ArtA¢l¢s of AssociatiotL Foi many y¢ats the cowy has worked in partnership Thith Blythswood Care (a compw regist¢reA in Sootland number SC583493 with Scottish Charity number SC048001). Blythswood Care is the sole men]bet of the compaoy. Future Plans During 2025 we will 8¢ek permission from th¢ Charity Conmussion in Nortb¢rn Ireland to wind-up BlytbswiK)d Ireland Limite(L The purpose of this will be to Itrate BIsWOOd Ireland Limited into Blythswood c¢. There will be visible change to the way Blythswood Ir¢land Limited operates aad the funds rai$ed will be used for the same purposes. Up to that point in 2025 Blythswood Ireland Lijjiited vrill COntt to raise fillS d0g trading iu charity slwps to support the projects of Blythswood Care. CuThently ar¢ eight charity sh(5 in Northern Jrel&TLd and w¢ ai7ll to increase the nunkn of shops ov¢r the neKt few years. There are key towns in Northern Ir¢land wb¢r¢ we ar¢ investi8atin8 prenrises. When Blythswood Ireland Limiknl is wound UP? afty sU[S in the orgaDisation will bc transferred to Blyth$wd Care to continue to support Blythswood CaTe's international partners and to be managed in a responsxble way so that Blythswood Care's interests io Northern Ireland are protscted by 8 s¢nsi7)le reserves poli. Page 5
Blythswood Ireland Limited Trnsteesl Report Major risks 4nd management ofihose risky Riskmanagement Blythswood Ireland Limited maintsiAS a rAsk management systo thich seeks to identify and prioriti8¢ any risks to its activities aud th¢ delivery of its objectives, and puts iti place measures proportionate to the managen*nt of those risk8. The ti1 rksks are categ0ri5ed as.. GeneMl¥ngJuffKient iricome Enswing the illconK of Ihe ch&Tity exceeds the costs of the chlty and conthiing fJnan¢iai support of ongoing Charitable pioj¢rts. Reputation rifk Enswing that the organisation is asso¢iat¢dlinvolved reputsble clwitabl¢ projects. Key m¢magemenl andperJonnel Rctention of kny management and expeticnced persoAn¢L Failure to respond to ¢hanging enviyoprment The risk that th¢ i)rganisation doe8 not take a proactive aPp)h to Change. Reappointment of auditor The auditors TB Millar & Co deenjed to be re4)poiated under s¢thion 487{2) ofthe Cowtes Act 2006. Th¢ annu reportw&s approved by the truste¢s of the charity on 20 August 2025 and si1 on its behalf by. Mr J Ross Tlltee Page 6
Blythswood Ireland Iimited Statement of Tntees? Responsibilities The trustees (WILQ ar¢ also the directors of Blythswood Ireland Limited for the pwposes of company law) are tesponsiblo for preparing the ITUStees' report 8nd th¢ finaucial statements in accordance with applicable law and UJ)ited Kingdom Accounting Stdtsdards (United Kingdom Generally Accepted Accounting Tractice), including FRS 102 "The Financi Reporting Stattdard 4)plicable in th¢ UK and Rttpublic of Ireland". The report and accounts have been prepared in accoTdan¢¢ with the ptOViSiOL8 in the Companies Act 21K16 relating to small ¢ompani¢& Company law requires the trJst¢e8 to prepar¢ financiaj statements for ¢a¢h financial year. Under company law th¢ trust¢¢s must not approve the fllwicial statements unless tkny ar¢ satisfied that tbey give a true and fair view of the state of affairs of tbe charitsble c4)mpany and of the incoming resources and appliGation of r¢sourc including its incom¢ and expendituo of the clwitable ¢OLtwany for that P¢TAod In pzep&ing tIe fllwirial stat¢nwnts, the Intee8 are required to: s¢le¢t suitable accounting po]icie8 and apply them ¢onsistentiy; observe th¢ m¢tbods alld pmciple8 in the chltieS SOiiP' make judg¢ni¢nts and estimat&% tbat are reasonable and pnthL state whetlw applicable accounting standards, comprising FRS 102 have been followe( yubj¢ct to any nuterial departs]res disclosed and expl&7n¢d in the financial statell. prepare the kncial ststenpnts on the going concern b&8is unless it is inappropriate to presUll that the ¢harAtsble company will continue in busIns. Th¢ trustees are ie5PODsilyle for keeping proper accounting recoTds that can disclose with reaststtable accurdcy at any tini¢ th¢ financial position of the charitable rompauy and enable them to ensure that the finarKial statements ¢ompty with the Con4Mnies Act 2006. They ar¢ also responsible for Safegu]ng tb¢ assets of the charitabl¢ compally and hcu¢¢ for taknng re&sonable steps for the prevention and detcGtion of fraud aJJd other irregularities. The Inte¢S T¢spo1e th¢ MaInten¢t and integrity of the Gorporats alld fin8n¢ial Èofonnalion included on the ¢b8ritabl¢ companys website. Legislation governing the prepatiOn and dissgmination of financial statements DMY diff¢r from lewslation in otIr jurisdiction Approved by the trustees of the ePtity o]J 20 A88t 2025 and si8n¢d on its belwjlby. Mr J Ross Tn]stee Page 7
Blythswood Irdand Limited Independent Auditorls Report to the Members of Blythswood Ireland LiD)ited Opinion We hav¢ audited the financial statements of Blyth5wood Ireland Limited (the 'charkty? for th¢ year ¢nded 31 Derxmber 2024, whi¢h ¢owise th¢ Ststement of Fillanci Activities, Balance SheeL Statem¢nt of Cash Flows, and Notes to the Financial Statetsrnts, ijjcluding a summary of sigDificant 8¢counting polici¢& The fjnancial reporting framework that bas boen applied in their preparalion is United Kingdom Accouuting Standards. comprising Charities SORP - FRS 102 'The Finaticiai Reporting Standard 4)plicabl¢ ID the UK and R¢publi¢ of Ireland, and appli¢able12w (ullit Kingdom Generally Accepted Accounting Practice). In our opiuion the finaa¢iai statenwits: e a true and fa3r view of the stale of the charitys thiys as at 31 De¢¢mber 2024 and of its inGori resources and application of resources, iuchding its inconK and exp¢nditur¢, forthe y¢aT then ended. have been prowly prarj iti accordanc¢ with United Kingdom GerallY Accepted Accounting Practice. have been prepared in accordance with th¢ requireMts of th¢ Companies Act 2006. Basis for opinlon W¢ ¢olldu our audit in accordance with Int¢rn&tional Standards on Auditing (UK) USAS (UK)) &od gpplicable law. Our respoDsibiliti¢S under Éhose standards are fither desttibed iti tbe auditor responsibxlities for the audit ofthe financial statem6nts Section of our rqM)rL We aTe independent of tbe charity in accoTdance with th¢ ethical requIllts that are relevallt to our audit of the financial stat¢nKnts in the UL including th¢ FRC'S Ethical standar and tkn provisions avdiiable for small entities, in the circumgtances set out in note to th¢ financial statements, and we have fifilled our othoi ethlcal rosponsil>ilitie5 in accordan with these reqwem¢nts. W¢ believe that th¢ audit ¢videllc¢ w¢ have obtsined is sufficient and appropriate to provide a basis for our opiwon, Conclusions relating to going toncern In auditing the financial statsments, we have con¢lllded that the trustees use of the going conc¢m basis of accounting in th¢ preparalion of th¢ fJnan¢ial statetnents is appropJiate. Based on the work we have perforniel w¢ have not identified any material uncertainties relatiDg to eveArts or conditions tbaL individually or collectively, may ¢ast Si}fiCallt doubt on the charitys ability to continue as a going concern for a perlod of 2t least t1Ve months from when the Aginal financial stat¢nKnts were auth0ri5ed for ille. Our responsibilities and the re5poJ)sibi]iti¢s of the trustces with respect to going con¢¢m are described in th¢ relevant seclions of this reprL Otber iDlomadon The trustees are responsible for the other information The otber infonnation comprises th¢ inforniation included in tbe anDual repott other thall th¢ fujala1 Statell1ts and our auditor's report thereoTr Our (illIOn on tb¢ financial siatements does not cover the otber infornThtion except to the extent otherwise expliGitly stafrd in our r¢por¢ we do not express any fonll of assurance conclusion ther¢0 In cornection with our audit of the fwanciai statements. our r¢spon8k>ility is to read the other infomutioll an in doing so, ¢onsider whether the oth¢r inforntttion is matcrialty ynconsisteDt wifh the financial statenntS or our knowledg¢ obtaind 3n the awlit or otheThvi5c appcar8 to be materially missÉat¢d tf we ideutify su¢b ttiat¢rial inconsist¢ncies 01 apparent n)ater1 misstaten*nts. we ar¢ required to detenDine wheth¢r ther¢ is a material i&statem¢nt in the financial Statem oi a rllAt¢rial misStatenMLt of th¢ other informatson. 1£ based on th¢ work we have performe(L w¢ Conch that tIre is a material misstatenKnt of tbAs other iDforuJation, we are required to reportthat facL Pa8
Blythswood Ireland Limited Independent Audltorls Report to the Members of Blythswood Ireland Limited We hav¢ nothing to report in this r¢gard. Oplnion on other Juatter pre8cnl)ed by the Coll11¢$ Act 2006 our opillio based on tkn work undertaken in the course of the audit: the infornmtion given in the Tste¢S, Rq)ort for th¢ financial year for which the financial ststemellts are prepaa 16 ¢onsistent with the fir181 statements. and the TStres, Report bas been prepared tn accordw with applicable legal requirenKnts. Matters on whieh Jve are reqthed to report by ex¢eption In th¢ light of our knowledge and understanditig of the Charity and its environment obtsined in tbe course of tbe audiL we have llot identsfi¢d uwtoriai Misstatem in the Truste, Report. W¢ h2v¢ nothing to r¢port in reSpt of the following nwtters where the CoD)paDi¢s Act 2006 requires u5 to report to you 1£ in our opillion: adequate accounting records have not been kepL or retUTns adequate for our audit have not been received from branches not visited byw. or th¢ fm2n¢ial Stateellts not in agreement with the accounting records aJAd retluns" or certaiti disclosur¢s of trSteeS remuneration specified by law ar¢ tlot mad4 or we have not rec¢ivvJ all th¢ inforrnation and wjauations we require for our audiL ResponslbiRltles of trusÉ¢¢s As explained m(¢ fully in the Statement of Tttes, Respo)Jsibilities (set out oa page 7), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair VA¢W, and for such internal ¢ontrol &8 the trustees detennine is ttesry to enabl¢ the pr¢paralion of finala1 staternents that aTe free from material misstatellwLL whether due to fraud or ¢rror. In pryaTing the fjnancial stateelJts. the trustees are responsible for assessiug the ¢harity'S ability to ¢ontitiu¢ as & going Conc¢ disclositig. as applifjable, ntttters relatd to going ¢oncern using the going ¢onc¢rn basis of a¢c4)Unting unless the trus¢¢es eith intend to liquidat¢ the clwity or to cease op¢ration4 or have no rea]istic alternative but to do so. Audltor responslbllities for the audh of the fluancial stPdtemeuts Our objectAV&8 are to obtaill rea8Otthle &8surance about whether the financial statenThts as a whole are free from material misstate21Knt, wtL¢th¢t due to fraud ot cm)r, aud to isslle an auditor's [Ort that includ¢s our opiJ]ion. Reasonable &8surdnce is a higb level of assuranc4 but is not a guardnts¢ that an audit conduct¢d in a¢cordau¢¢ with ISA8 (UK) will always detect a matexial n)isstatenwit when it exists. Mi&8tatem¢nts can arise from fraud or error and Gonsidwed nuteri21 if, individualty or in the aggregate, they could re&sonably bc expected to infiu¢¢ the ecotionyc decistons of usern tak¢n on Ihe b&8is of th¢s¢ fm&181 statemeats. The extsnt to which our procedures are capable of d¢te¢tiD8 llregul8rtties, including fraud is defailed below: Pag¢ 9
Blythswood Ireland Llmited Independent Auditorls Report to the Memben of Blythswood Ireland Limited We Considered the (Ipportunities and inc¢Jtives that may exist within the Chlty for fraud and identified the greatest potential for fraud in T¢lation to revenue recognition and ptyjnent of amounts froni the Clwity. In ¢oJJrnon with all audits under ISAS (UK), we are also iequired to perf0rn1 specific procedures to respond to the risk of nwwgement ov¢rTide, We also obtsinttd an understanding of the legal and regulatory fxarnewk8 that the Cl)arity operate5 in, focusing on provisions of t]se laws and regulations that lud a direct effect on fhe d¢t¢rminatioD of matetlal allUnts and disclosures in the finao¢ial statemellt& The key laws aDd regujations w¢ CODsidered in this context included Companies Act 2006. Cknities Act (ND 2008 and guidance provided by th¢ Charity Coll18$10n for Nortbern Ir¢land. In addition, we considered piovi5ions of relevant laws a1 regulations that do uot have a dittct efftct on the financial statfflnts bvt Lxinwliance with vthich may be fundmntsl to the Charity's ability to operate or to avoid a material penalty. Our proc¢dwes to r¢spond to risks identified included the following: . r¢viewill8 tbc fmancial statement disclosures and testing to sLw)ortmg docutnentation to assess compliance with pmvisl0 of relevallt laws and regulations described as having a direct ¢ffe¢t on th¢ financial ststemellts. - ¢nquiTitsg of n)aoagement regarding act1 and poteDtial litigation and claims. - perforniing ally¢R¢al procedures to idattlfy any umwl or wwected relationships that may indi¢at¢ risks of nllterial misstatement due to fraud; . rffdding minute5 of Detings of those charged with govwlwice ond r¢vi¢iving regulatory eorrespond¢uce WAth tb¢ Charity Cotnmission forNorth¢rn Ireland. - in addressing the risk of fraud through management override of controls we, testsd the appropriateness of journal ¢ntries and oth¢r adjustments. assessed whethw the judgejnents made in making accowiting ¢stirnates are indi¢ativ¢ of a potential bias. evaluatsd the business rationale of *ny Significant transactions" and wh¢re possible obtsined direct coDfimwtion of balan¢¢8 independently from the relevaut paty. We also commutiicated relevant identified laivs and regulations and pote181 fraud risk5 to all engagement team members, and remained alert to any indications of fraud OT nOnOMplIance laws al regulations throughout the audiL Be¢avse of the inherent linjitations of an audil there is a rAsk that we will not d¢te¢t all irr¢gulariti¢s, ill¢luding those leadillg to a matsrial misstatenwrt iti the fymancial statemellts or non-wmpliance with regulation. This Iisk 3n¢reas¢s the tnore that compliance Thith a law or regulatiojj is removeA from the events th transa¢tioDS reflected in Ihe fllmncial StateMts, as we will be less likely to become awa 0£ iustance5 of non-compliance. The Tisk is also grater r¢gardmg irregdarities ocCU1ng du¢ to fraud rather tlwi error, as fraud iuvolves int¢ntioral cottceafv forgery, collusion, owission or misrepr¢s¢ntatio PaB¢ 10
Blythswood Ireland Limited Independent Auditorls Report to the Members of Blythswood Ireland Limited Use of our report This report is made solely to the Gharktable company's tntee aq a body, in accorda1e with Ch4)ter 3 of Part 16 of th¢ Companies Art 2006. Our audit work has been ullder so that w¢ D)ight state to the charity's trustees those niatteT5 w¢ are requir to state to tl)em in aJJ auditor's report and for no other pUOse. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone otJJ¢r than the chLble company and its trustees as a body, for our atit worK for tbis rcpoQ ox for the opirrions we have fornied. Barry Senior Ststutory Auditor) of TB Millar & Co, StatLrtory Auditor donb 6 Doagh Road Ballyclar¢ Co At]trim BT39 9BG 20 August 2025 Pagell
Blythswood Ireland Limited Statsment of Financial Actlvatles for the Year Ended 31 December 2024 Uneluding Income and Expenditure Account and Statsment of Total Recognised Gains and Losses) Tot 2024 Unrestricted Restrkted Nots Ineome and Endowments fro. D<)JJations and legacies Clwitabl¢ activities oth trading activities 56,779 14,836 1,098,440 207 56.986 14,836 1,098,440 Total Income 1170,055 207 1,170262 Expenditure on: (939,736) 232,074) (939,736) 232 281 Charitable a¢tivtties (207) Total Expenditure 1.171,810) (20 (1,172.017) Net ¢xpenditut¢ 1.755 N¢t movenwnt in fi7nds {L.755) (1,755) Reeoncilialiou of funds Total funds brought foThv#rd 1,005.489 1,005,489 Total funds GaffAed fonvard 21 1,003,734 1,003,734 The uotes on pages 16 to 29 fonx all intwal part of t1 fmaucial statements. Page 12
Blythswood Ireland Limited Statement of FinancAaR Adivities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Prior Year 2023 UnTeStrlcted nds Restricted funds Total 2023 Nots and Endoiymellts fronk: DonatioDs and legacxes Clwitable acti%ities Other trading activities Oth¢T iti¢on 44,852 12,849 1,062,162 50 355 45,207 12,849 1,062,162 50 Total income 1.119,913 355 1,120.268 Expenditure on: Raistug fi]nds Charitable activrties (880,645) {206,848) (880,645) (207,203 (1,087,848) 32,420 (355 Total expenditse Net income {1,087,493) (355 32,420 Net movement in funds 32,420 32,420 Reconeiliatlon of fvnds Total funds brought forward Total fimds Carried fOrd 973,069 1.005,489 973,069 21 1,005,489 All of the clwity's activitie5 derive from contUlg operdtions duriDg the abov¢ two p¢rAod8. Tbe fim&8 breakdown for 2023 is sllown in note 21. Th¢ ollpages 16 to 29 form an illte part of these financial stat¢ments. Page 13
Blythswood Ireland Limited (Registration nuniber: N1050683) Balanee Sheet as at 31 December 2024 2024 2023 Iyots Fixed assets Tangible assets 14 657,278 695261 Current assets Stocks Debtors Cash atbaJ)k and in hatml 15 16 17 1,361 34,852 398,893 1,271 34,639 417,622 453,532 435,106 Creditors: Anllts falling thie wlthin one year Net eurrent assets 18 81.983 126,682 353,123 326,850 TO¢ As5et$ less current jiabllities 1.010,401 1,022,111 (16.622) 1,005,489 Creditory: Amounts falling due after nwre thau one year 19 6,66 Net assets 1,003,734 Funds of the cbarfty: Ullrestrictsd Ineome funds Ut)restiict¢d fiuMIs I IK>3.734 I,(K15,489 1,005,489 Total funds 21 1.003,734 The financial stateLttellts on pages 12 to 29 were approved by the tntee& and authorised for issue ou 20 August 2025 and SIed on th¢ir beJJ4lf ty. MrJRo TTrtee Th¢ notes on pages 16 to 29 fonn an int¢grdl part of these fillala1 stst¢ments. Pag¢ 14
Btythswood Ireland Lxmited Statement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Note Cash flows from operating a¢tivitA¢S cash (expenditure)/incoJn¢ Adjustments to cash flows from non-cash itin DepT¢ciation (1,755) 32.420 41523 40,768 45,424 77,844 Worklng capitsl adjustments (InCreavdecrcase in stocks Incr5¢ An debtors (Decrease)lincra8e ill ¢re41itors Net cash flows from operating activities Cash flows frorn investing a¢tlvltie$ Purths¢ of tawl)le fixed a8sets Sal¢ of tawble fjxed assets N¢t Cash flows from investing activAties 15 16 18 (90) (213) (2,693 19 (3,720) 7,607 37,772 81,750 14 (4,540) (29,659) 2,197 (4,540) (27,462) Cash flows from financing activities Repaymellt of loalls and borrowings N¢t (dectease)fmcrease in cash and cash equivalents Cash and cash equlvalents at l Jamwy Cash atul cash ¢quiYai¢nts at 31 Decen]b¢r 18 (51,961 (49,444 (18,729) 417 622 412,778 417.622 398.893 l of th¢ casb flows are duived from ¢ontinuitig operations duTing the 2bove two pai(M The note8 tsn pages 16 to 29 forni an inte1 part of these fillall ststements. Page IS
Blythsjyood Ireland Limited Notes to the Financial Staten)ents for the Year Ended 31 December 2024 I Charlty status The charity is limit by guardth, incorporated in North¢rn tr¢lond, al Gonsequently does not have sbare capital. Each of the trLJSt¢es is liable to contribute an amouttt not exceedittg £1 towar& the &ts of the charity in the event of liquidatioL The address of its registered office is: 93 Tenwlepatrick Road Ballyclare Co Antrim BT39 9RQ The8e financial stateMts wete authorised ft)r issue by the tfUSte¢s on 20 August 2025. 2 Accounting poli¢xe$ SUMary ofsignific4nt accountlnE policie5 and I Attounting estlnmtss The prinoipal ac¢oullting policies applied in the pr¢patation of these fJJ)ancial statements are 8¢t out b¢low. Th¢s¢ policies have been cot)sistentiy applied to all the years pre8ente(L unl¢ss otheThTh stated. Statement of ¢ollwliaDce The flltsncial statements hav¢ been prepared in accordance widl A¢¢ountiDg aTrl Reportsng by Cliarities: Statement of ReGomm¢nded Practice (applicable to c[1ti¢s prepAring thetr accounts in accordanc¢ with the FiLwnCl Reportstig Standard applicable in th¢ UK and R£pubh'c of Sreland (FRS 102)) (i&sued 30 October 2019) - {Clwities SORP (FRS 102)X the Financial Reportillg Standard applIble in the UK afjd Rq)ublkc of Ireland (FRS 102) al th¢ CompADi¢S Act 2006. Basls of preparAtion Blythswood Ir¢land Limited ntrets the defillitiou of a public benefit entity under FRS 102. Assets and ]iabilities are initially recoguised at historid cost or tratwction value unle&8 othenvi5e ststed in the relevant accounting policy notss. Going concern TIAe trustees consits that there are no Matla1 ertainlI¢S about the cbaEitys abxlity to continue as a going ¢on¢¢rn nor any significaot areas of uncertaiiity that affect the caryjing value of ass¢ts held by the ¢baTity. Judgements In the application of the Ch&rity's accounting policies, trustees are required to njake judgenMts rcgarding th¢ nwket value of spe¢ifi¢ donated items which arc rQgnISed in the statenKnt of finaD¢ial a¢tivitie&. These judgenwits are based on the estimated market values of the equipment and goods. The judgements are reviewed on an ongoillg basi5. lleo)ne and endowments All income is rc¢ognised Oll the clwity has entitlement to the income. it is probable that th¢ incom¢ will be received a)]d the anlount of the incon]e reG¢ivable can be measured reliably. Pag¢ 16
Blythswood Ireland Limited Notes to the Flnancial Statements for the Year Ended 31 December 2024 Donalions and lryacies DonatioThs are recognised when the ¢harRty ha5 been notified in writing of iK)th the amount and settl¢wt date. In the event that a donation is subject to ldItionS that require a level of perfornw¢ by the charity before the haTity is entitl¢d to the fuads, the income is defezred and not recognised utitil either those conditions are fidty meL OT tbe fifjfilment of t18¢ conditions is wholly withiu the control of the charity and it is probable that these conditions will be fulfilled in the reporti1 period. xpenditure Raisingfwidy These ar¢ ¢o&ts in¢utted in attracting vohurtary income, the mthagemont of investments and those inCU¢d in *Trding activities tIraIse fuu(ts. Charitable ac¢ivilies Charitable expenditLwe comprises those costs incwred by the cRwity in the delivery of its activities and services for its beneficAaTies. It includes both costs that can be allocated direcdy to sh artivities and those costs of an indirect nature necessary to support thenL Support costs Support costs include central fiJnclioDS and have been allocated to activity cost Calegorj on a basis consistent with the u5¢ of resources, for exaDwle, allo¢atTng property costs by floor area4 or per capit4 st2ff costs by the lim¢ sp¢nt and otheT (X¥sts by their usage. GoverDance costs These include the costs athil>utabl¢ Éo the clMtAty'S compliance constitidional and stabjtory requirements, including audi¢ strategic managenjent alld trustees meetings and Teinkned exp¢D8es. Taxatlon The ¢]Jarity is LI$1dered to pas$ the tests set out in Paragraph I S¢h¢duie 6 of the Finance Act 2010 and therefore it meets the defwition of a Gbaritable cornpany for UK corpor21ion tax pOSeS. Accordingly, the cIMrity is tentiallY aclljpt from taxation ID respect of income or capital gains rec¢ive41 within ¢atsgories ov¢ffd by Chapter 3 Part I l of the Corporation Tax knt 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ tent that such income or gaitts are appjied exclusively to cbaritsbl¢ putP08es. Tangible red assets I]1VidUal fjxed assets costing £IOO.(KI OT mor¢ are initialty recorded at C05L Depr¢¢iation and anlortisatloll D[CcIation is provided oll tawbl¢ fixed assets so as to write off the or valuation, l¢ss any estinwt residual Yah, th¢ir expected useful economic life as follows: Page 17
Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2024 A%set ¢]28S FTrelM)Id propety IKas¢hold prop¢ty Depredallon method alld rate Straight lin¢ over fify years IOts/o Reducing b&lanc¢ 25Yo Reducing balanct 25•/0 Reducing balance Motor vehiclcs tmpairDnt of flled 255ety A&8ets not carried at fair value are a150 revA¢w¢d for impairment whenever ev¢ats or chaoges in circuLllStances indicate that th¢ ¢aTrying amount n]ay not be recoverable. An impairnwnt loss is recogDithI for th¢ anllnt by which th¢ &8set's carrying anwullt ¢¢eaS its r0verable amounL The Tecoverable amount j5 the higb¢r of an asset"8 fait value Icss costs to sell and va]u¢ iu use. Value in use is defined as the present value of the tre pre-tax alld interest cash flows obtsinable as a result of the ass¢t's continued llse. The pre-tsx and interest ¢ash flolvs are discount¢d using a Pre-tr discount rate tbat represents the cuellt Enark¢t risk frce risk and the risks IDhe[t in the 4%seL For the purposes of a&s¢&sing inwatrm¢nL assets ar¢ grouped at the lowest levels for wbi¢h there ar¢ soparately identifiable cash flows (cash-generating If the recov¢rable allt of the asset (or asset's cash generatiMg i]nit) is estirn8frd to be lower than the caTryiDg amounL the caThying an As reduced to its recoverabl¢ anL An llnpa1 loss is recognised in the statement of finaocial activities. Stock Stock is vahRd at the lower of ¢ost and estimated selling price less costs to Gomplets and selL after due regard for obsolete and slow moving stocks. Cost is detern11 illg the fitst-in. first-out (FIFO). Trade debtors Trade debtor8 are aIiiouttts due from customers for tnerchallthse sold or sctvi¢e5 perfornl in the ordinary Gourse of business. Trad¢ debtors are re£ognised initially & the tranwtion pri¢e. They are subsequently measured at amortised cost using the effective interest method, less provision for irnpaienL A provision for the impainlleut of trad¢ debtOTS 15 ¢Stablished wh¢D there is objective eidellc¢ that the ¢harity WAll not be able to collect di due accorthg to the Ori1 ternis of the IgIvableS. Cash And cash equivalents Cath and ¢ash equivalents compxis¢ on hand and call deposits, and otheT sbort-term bigbly Ilquid iuvesthmits that are readily ¢onvertibl¢ to a l(UOWll amount of and ar¢ subject to an insigDifi¢ant risk of challge in value. Pa8e 18
Blythswood Ireland Llmited Notes to the Financial Statements for the Year Ended 31 December 2024 Trade ¢reditors Trade creditors ate obligations to pay for goods or servkces that have be acquired ill the ordinary course of bwiness from Kupplier& Accoullts payable classifie41 as cwrent liabilities if the chaEIty do¢s ]t have a unconditional right at th¢ end of Ihe reporting period, to d¢f¢r s¢ttlenwit of the creditor for at least twelve molltlL8 after the reportittg dats If thcre is ats uo¢otiditional right to defer settlejnent for at least twelve month8 after the reporting date, they are presented as non4WTent liabilitics. Trad¢ editorS 4r¢ r¢cognised initially at th¢ tran8action Pri aad SUbSY naSured at amortis¢d cost it)g the effective interest nthod. Borroivings tnterest-beaTiDg borrowings are initially recorded at faiT value, net of tration Gosts, Jnt¢re8t.bearing borrowiDg$ ar¢ $ubs¢quently ¢axried at al)x18¢d cosl WAth the dkffer¢nce between the Proceeds, net of trasactiOn costs, and the amount thie on redenwtioll being recogtLised as a Gharg¢ to the Statement of Financial Activities over the p10d of the reievattt bom)wing. tnterest expense 18 recognised on the basis of the effeclive interest method and is iurluded in Ant¢rest payabk and similar cha¥g¢& Borrowryngs are classified as cell£ liabilities unl5 th¢ rlwity Iw an wiconditional right to de£ex s¢ttlement of the liability for at least twelve months after th¢ reporting dat¢. Fund structsre UnrestrACted Allco fullds are general fiuKls that are availabl¢ for use at the tnLqtees discretion in fijrthcw of the objectives of the clwity. Pensions and other post retirenwnt obllgAtlons The cbarity op¢rat¢$ a defiued contribution pension schem¢ wbi¢h is a p10 pl3n under wbich fjxed contributions are paid itito a penslon fimd and the clwftty bas no legal or conStctive obligation to pay furth¢r contributions even if the fund does not bold sufficient assets to pay all ¢mpbyees the benefits relating to employee service in the ¢urrent and priorpffiods. Contributions to defmed contrl)ution plans are r¢oogDised in th¢ SÉatem¢nt of Finall¢ial Activities wh¢n they are du¢. If conknbution payments e¢¢a th¢ ¢ontribulion du¢ for scrvice, th¢ excess is recogtiised as a prepaymenL Financial instruments Cl&mfic4Ttion Financial assets and fmattcial liabilities ar¢ recOllSed kn the cbarity becothes a paty to the ContractL1 provisions of the itL8trument. FInala1 liabiliti¢s and equity ixkstruwis are classified ac¢ording to the substance of th¢ ¢ontr4Ctual arrangetnents entered into. An equity inStrUnn£ is any contract that evidences a residual interest in the et8 of the chlty after dedtIng all of its liabilities. Page 19
Blythswo(Kl Ireland Limlted Notss to the Financial Statsments for the Year Ended 31 December 2024 Recognllion and measMremeAt All fitwKial assets and liabilities are ynittally measured at transa¢tion price (including traDsactiOD CO8ts), except for tbose financial assets classified as at fail value through profrt or loss, which are initially uaSUred at f&tr valu¢ (whi¢h is nornully the transaction pric£ exCdig transaction costs), unless the arrangement constitllteg a fmancing transaction. If aTA aTraagellllt constitutes a fllwicinB tractIo the fllwicial asset or finan¢ial liability is measured at the present value of the future payments discount¢d at a mark¢t rats of int¢Test foT a similar debt instrullt. Financial assets and liabilities ar¢ onty offs¢t in the statement of fllwicial position Whe and on]y when there exists a legally enfOtable rigbt to set off tbe recognised anUllts and the ¢l)arAty intends ¢ither to settle on a net basi4 or to realAs¢ th¢ asset and settle the liability sinwltaneously. Financial assets are derecognised when alld onty when a) the contractual rights to the cash flows from the financial asset expir¢ or are settl&l b) the ch&ity transfeAE to allotb¢r paty substantially all of the risks and rewards of ownership of the financlal assel or c) the charity, despite having retained some, but not all, significant risks aod i¢wards of ownerthip, has trau5f6 control of the asset to attother paty. Financial liabilities are derecogni8&1 ODly wh¢L the obllgation specified in the contract is diSchged, caucelled or expire& Fair valme HaSr¢In¢t The best evidence of fair value is a quoted price for identical asset in an active n]arket. When qlloted prices are uuavaiiable, the prÉce of a recent traDsaction for an identic41 ass¢t provides evidence of £air value as long as there lJ3S not been a significaut change in econon)ic circutnstances or a significant lapse of tixtie sinre the transaction took pJae¢. If the Market is not active and recent transactions of an identical &sset on theiT Owll aTe not a good estinute of fair value, the fair value is ¢Stin by using a valuation thlliq. 3 Illcon from dongtEons 2nd l¢ga¢les Unregtricted R¢strictsd funds Total 2024 Total 2023 General Donation6 and legacies" Donations from individuals Gift aid reclaimed 27,011 207 27218 29,768 56,986 22227 22,980 56,779 207 45.207 Page 20
Blythswood Ireland Limited Notes to the Finallcial Statements for the Year Ended 31 December 2024 4 frojll ¢harltable actfvlties Unrestricted Total 2024 Total 2023 Generat Supply of goods and servAce$ 14,836 14,836 12,849 5 1n¢ome from other trading *etivitie5 Unrestricted funds General Total funds Trading income. Shi)p income from 8a1¢ of doDatcd goods alld services Propety r¢lltal i]e 1.096,4(K) 1,096,400 2,040 Total for 2024 1,098,440 1,098,440 Tdjtal for 2023 1.062,162 1,062,162 6 PendIture on ralsfing funds 4) Cogts of tr8diug activities Unr¢strict¢d Total 2023 Cener21 2024 Note Fundraising tradi¥ costs. Fundtaising Costs of good sold D¢pre¢latio amortisation and other similar Costs 150.988 598 150,988 598 143,496 1,875 42,523 42,523 47,620 oth direct costs of activities for geneTating 81,496 664,131 81,496 664.131 83,804 603,850 Allocatsl support costs 939 736 939,736 880,645 Page21
Blythswo(K] Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2024 7 Expelldtture on chiritable a¢tlvlties UDrestrl¢ted fllllds General Restricted nds Totsl 2023 2024 Nots Overseas Aid Staff costs Atlocated support costs 171,049 50,013 207 171,256 50,013 149,375 47,406 7,452 3,560 232,074 7,452 3,560 7,422 3,000 207,203 Governanc¢ co8ts 207 232,281 In addition to the expenditure anatysed abuv¢, th¢r¢ aT¢ a150 governance costs of £3560 (2023 _ £3,1XIO) wbich relate diTrthly to charitable activities. See note 8 for further d¢tails. Page 22
Blythswood Ireland Ijmlted Notes to the Financial Statements for the Ended 31 December 2024 8 Analysts of governanee and $upport eosts Support costs alloeated to ralglng funds Other Administratlon swpport costs Total nds Staff costs B8sts of allocatlon Costs of trading adivities Total for 2024 618,768 31260 14,103 664,131 664,131 618,768 31260 14,103 Total for 2023 555 947 31,204 16.699 603,850 Supwbrt costs allo¢ated to charitable aetfvitiea Administration Other support cost5 costs Total funds Basis of allotatfion Overs¢a8 Aid UK & Ireland supportprojects Total for 2024 2,293 1293 1,433 1,433 3,726 3,726 4,586 2,866 7,452 Tot for 2023 5,294 2,128 Basis ailo¢ation Ref¢rell¢¢ Method of alloe2tl&n Pereentage of admini8tratioll costs Governan¢e eosts Unrutrxcted funds General Tot funds Audtt fees Audit of the fmancial statemellts 3,560 3,560 Tot for 2024 3,560 3,560 TotAI lor 2023 3.0 3,000 Pag¢ 23
Blythswood Ireland Llmlted Notes to the Financial Statements for the Year Ended 31 December 2024 9 Iyet incomlngloutgoins resources N¢t (othgoiDg)/in¢oming resources for the year include: 2024 2023 Audit fees (Profit)ths on disposal of fed assets held for th¢ cl)arity'8 own u5¢ Depreciation of fixed a5S¢ts 3,560 3,000 2,196 45,424 10 TrMtee$ reDJuneratlon and expenses During the year the chartty n)ad¢ the following trans4ctAons with In¢8. Mr A Kemp MrA K¢mp Teceiv¢d T¢muu¢rati(m of £41330 (2023: £39,803} duting the year. No trustees have re¢eAved any Teinkned expen or any otb¢r benefits from the charity during the year. 11 Staff ¢osts The aggregate payroll costs w¢re as follows: 21124 2023 Staff costs during the year were: Wag¢8 and salaries Pension ¢osts Other Costs 649,440 19,340 584,485 17,998 870 668,780 603,353 The mo• aVee of pe0 {includAng senior manag¢nient I leadeTship team) employed by the charity during the year expressed as fiLll time equivalents was as ftsllows: 2024 No 2023 33 33 Fundraising and niarketitig 35 35 27 (2023 - 24) of th¢ above ¢Dwloyees participated in the Defm¢d Contribution Pension Schemes. No crnployee received enlolun of jre dwn £60.000 dluing the year. Page 24
BlythsTrYood Ireland Lfimited Notes to the Financial Statsments for th¢ Year Ended 31 December 2024 12 Audltor8' remunerAtlon 2024 2023 Audit of th¢ fiDaD¢ial stat¢m¢nts 3,560 3,IXiO 13 Taxation The charity is a r¢gist¢red clffirity and is therefore exempt from taxation. 14 TanglbRe fixed assets Property equipn*nt Motor vehicles Total Cost At l January 2024 Additions 981,678 126.852 4,540 102,850 1,211,380 4,540 At 31 Decemb¢r 2024 981,678 131,392 102,850 1215,920 DepreciAtioD At l January 2024 Cbarge for the year At 31 December 2024 371,495 19.604 94,779 9,668 49.845 13,251 516,119 42,523 391,099 104,447 63,096 558,642 Net book YaFae At 31 December 2024 590,579 26,945 39,754 657278 At 31 December 2023 610,183 32.073 53,005 695,261 Inrluded within tlke net book value of propety above is £540,938 (2023 - £555,028) in respect of freeknld propety and £49,641 (2023 - £55,156) in respect of lea8ehold& IS Stock 2024 2023 Stocks 1,361 1271 Page 25
BlYthSwo( Ireland Limited Notes to the Financial Statsments for the Year Ended 31 December 2024 16 Debton 2024 2023 Trade debtors Prepayments VAT recoverable Otljer d¢btors 6,897 11220 11,269 5,Ot 10310 10,832 8,488 34,852 34,639 17 Cash and cash equivalents 2024 21123 Cash dt bank 398,893 417.622 18 Credfitors: allnts f#lltDg due wit]Lill one year 2024 2023 Trade Creditors Other loans 15,726 34,557 8998 3.889 18,813 81,983 7,646 76,563 8,197 4,079 30.197 Other ¢ieditor8 126.682 Credxtors due within one y¢ar illcludes the following liabilitie4 on which se¢urxty has been given by the thazity: 2024 2023 ucrr L4)an 24,557 66,563 sed on propety Page 26
Blythswood Ireland Limited Notes to the Financial Statementg for the Year Ended 31 December 2024 19 Cr¢dttors: aDwunts tkng due after one year 2024 2023 Otber loans 6,667 16,622 Page 27
Blythswood Ireland Limited Notes to the Financial Statements for the Year Ended 31 December 2024 20 Penslon and other &ehemes Defined ¢ontrxbution pension s¢heD The charity operatss a defined GonlTibution pension scheme. The pension cost charge for the year represents contnlJutioDS payable by the cklarity to the scheme and allWItcd to £19,340 {2023- £17,998). 21 Funds Balance at 31 December 2024 Balan¢e at I JAllu4ry 2024 Resources ¢xpend¢d resourees Unr¢51rActed funds 1,005,489 1.170,055 {1.171.810) 207) 1,003,734 Restricted funds 207 Total funds 1,005 489 1,170262 (1,172 017) 1,003,734 Balallce at 31 December 2023 Balance at I J2nthary 2023 Incoming resour¢es Resovrees expended unrestrict funds General 973,069 1,119,913 (1,087,493) {35 1,005,489 Restricted funds 355 Total fwids 973,069 1,120268 (1,087,848 1,005,489 Page 28
Blythswood Ireland Llmlted Notes to the Financial Statements for the Year Ended 31 December 2024 22 Anatysis of net assets betw¢en funds Unrestrlcted funds General Totsl funds at 31 Dccember 2024 Tangible fixed assets Current et$ Current liabilities Creditors over l year Total Ik¢t assets 657278 435,106 (81,983) 6,667 657,278 435,106 (81.983) (6,667) 1,003,734 1,003,734 Unrestrlctsd Totsl funds at funds 31 Deeejnber Ceneral 2023 Tangible fixed assets Current assets Cuent liabilities Creditors over l year Total net assets 695261 453.532 (126,682) 16,622 1,005,489 695261 453.532 (126,682) (16.622 1,005,489 Page 29