Kilbroney Centre (A company limited by guaraniee. Dot having a share capitaj) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 Company Number: N1606867 Charity Number: 104782
Kilbroney Centre (A company limited by guarantee. not ha¥ing a share capital) CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees. Responsibilities Independent Examiner's Report Statement of Financiaj Activities Balance Sheet Notes to the Financial Statements 10-14
Kilbroney Centre {A company limited by guwantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Alan Richardson Alanah DondsOn Catroina O'Hanlon Dr Ken Robeits Edward Woolley (Resigrd l October 2024) Elizabeth Ann Ferran Emma Holley Helga Harris Kenneth John Hooks Matthew Peach Rev Adrian Dorrian Roben Andrew 8rannigan Rt Rev Darren James Mccartney Charity Number in Northern Ireland 104782 Company Regislration Number N1606867 Registered Office and Principal Address l Forestt)rook Road Roslrevor Newry BT34 3BT Independent Examiner Mak)ne Accounting Ltd 12 Causeway Road Down 8T33 ODL Northern Ireland Prfn¢ipal Bankers Ulsier Bank Ltd 86 Hill Sveet Newry County Down BT34 IYB
Kilbroney Centre (A company limited by guarantse. Iwving a share TRUSTEES. ANNUAL REPORT for the financiaj year ended 31 March 2025 The trustees present theif Trustees. Annual Rep)TL comkn.ning the Directors. Report and Trustees. Report, and the unaudited financial statements for the financtal year ended 31 March 2025. The financid statements are prepared in accordance %ryth the C(xnpanies Act 2006, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting ty Charities.. Stalemenl of Recommended Practice applicable to charitses preparing their financial statements in accordance Viith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees. Report conLwns the information required to be promded in the Trustees, Annual Report under the Stalement of Recommended Practice {SQRP) guidelines. The trustees of the company are s0 charity trustees for the purpose ol charity law and under the companys ConstiliOn are known as mefflbers of the board of trustees. In this reporl the Iwslees of Kilbroney Centre present a summary of its purpose, govemance, activities, achievements and finances for the thnancial year 31 March 2025. The charity is a registered charity and hence the rel and results are presented in a form which complies with the requirements ol the Companies Act 2006 and, although not 01ged io comtty ¥Mth the Statement of Recommended Practice applicable in the UK and Republic of IrelarKI FRS 102. Ihe organisation has implemented its recommendations where relevant in ihese financial swements. Principal Activity The Kilbroney Chrisiian Residential and Conference Centre vms established in 1974 as a residential centre run with a Christian ethos, under the auspices of the Church of Ireland in the Dovm and Dromore. The Centre is available for all groups lo use, particularfy groups wttro V40rk children and young people. The centre is located on an 11-acre sile combining open spaces vth mature ydIand in the wllaoe ol Rostrevor. Co. Dth. The Centre Is aVlable for use for Group bookings on a catered or self<alering basis. M1881on, Oblecllves and Strategy Objectives The direct benefits which flow from the purpose of the organisation are the education and promotion of the Christian faith to the users of the centre, Ihe promotion and education of people regarding conseNation olthe natural environment and the promotion of reconciliation, religious harmory. equality and dwerw. These benefits are evidenced through the direct feedback from users of the centre, user suThtys. Vrd ol mouth recommendaiions and repeal users. The beneficiaries are the users ol the centre vtho come from throuohout Nonhern Ireiand and indude youth groups including BB, Brownies etc. church groups and school groups. R•view of Activities. Achievements and Perlorm 2024-25 has conts'nued to be a year ol busyness for the Centye. As 11 as ongcmno residential weekend bookings the number ol mid-week school residents'd groups increased again 1th the pre-summer period having almost no capacty left for addiiional bookings, The summer months were also busy wth dffterent organisations using the Centre for youth and children's camps. Most groups attending Ihe Centre continue to use it not just for accommodation but also to avail of outdoor activitles directed by Centre staff and outside local activty wovidefs that can be booked. Our grounds. wood and play park are also used extensively by groups. The core team of 3 staff are supplemenied by 'bank' staff wK) help (Mjt especialiy during weekend residential group stays. The September to March period vms also busier than usual arml in the quieter inter months the staff caught up on maintenance work. The trustees met several times during the year and also crynmunicated regularty via email to take decisions as necessary. Ajthough revenue has signfficanty increased, so have outyoiNJs and have worked hard to mainLwn appropriate reserves. The centre contsnues lo need io obLw"n support from grant makers and other supporters - both indiwduals and churches. This is in line the Centre's charrtth status. The centre staff, along support from volunteers. conts.nued to develop Ihe site considerabty including the development of outdoor spaces. malntrrCe is a ts"g part of staffing her and this must take place throughout the year.
Kilbroney Centre (A company limited by guarantee. not having a share tal) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 The centre is in good health going forward. remaining financially viable and operating wthin its aims and objecttves. We continue to be thanldul for the support of indiwduals. crcheS and grant-makers. Financial Resuhs At the end of the financiat year the charity has assets of £306,025 (2024 - £326,472) and liabilities of £59.640 (2024 - £84,781). The net assets of the charity have increased by £4,694. Reserves Position and Policy We are rning for a bank bdance which woukl cover us for 6 months. We pay creditors soon after the invoice is approved. so keeping short to medium debt to a minimum. LikewÉse we encourage timecmjs settlement of our sales invoices. Trustees The trustees who served throughout the financial year, except as noted, Vre as follows.. Rev Adrian Dorrian Rt Rev Darren James Mccartney Edward Woolley Kenneth John Hooks Alanah Donaldson Robert Andrew Brannigan Matthew Peach Catroina O'Hanlon Helga Harris Dr Ken Roberts Emma Holley Alan Richardson Elizabeth Ann Ferran In accordance with the Constitthion, the trustees retire by Tlon and, being eligible, offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity Èngages pro-acts'vely wih legislation, sLandards and codes which are developed for ihe sector. Kilbroney Centre subscribes to and is compliant wth the follwng.. The Companies Act 2c6 The Ch8Jiiies SORP (FRS 102) Approved by the Board of Trustees on 28 November 2025 and signed on its behalf by: Robert Andrew Brannigan Truslee
Kilbroney Centre {A company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the frnancial year ended 31 March 2025 The trustees, are also directors of Kilbroney Centre for the purposes ot company law, e responsible for preparing the financial statements in accordance applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial stalements in accordance wth United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 'The Financi Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financid statements unless they are satisfied that they give a true and fair view of the state of aff&rs of the charity and of the net income or expenditure of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistenty- make judgements and estimates that are reasonable and prudent., state whether the finanaal statements have been prepared in accordance wth the relevant financial Teporting framewofk, identify those standards, and note the effect and the reasons for any materiaj departure from those standards., and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied vth the above requirements in Preping the financid sLatements. The trusiees are responsible for keeping adequate accounting records that are sufficient to show and eXaIn the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charty and enable them to ensure that the financiai statements comply the Companies Act 2006. They are also responsible for safeguarding the assets of the charty and hen for Laknng reasonable steps for the prevention and detection of fraud and other irregulariknes. Approved by the Board of Trustees on 28 November 2025 and signed on its behalf by: Robert Andrew Brannigan Trustee
Kilbroney Centre IA company limtted by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF KILBRONEY CENTRE We have examined the financial statemenls of the charity tor the financial year ended 31 March 2025, which comprise the Statement of Financial Activities (incorporaling an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our work has been undertaken so that we rnight compile the ffinanci statements that we have been engaged to compile, report to the Board of Trustees Ihal we have done so, and state those matters that we have agreed to slate to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charty and the charitys members, as a body. for our work, or for this report. Respective responstbilities of trustees and examiner The charity's trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the fi'nancial statements in accordance with the requirements of the Companies Act 2006. The charitys trustees consider that an audit is not required for this fi'nancid year under Chapter 3 of Part 16 ot the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial staiements under section 65 of the Charities Act., follow the procedure5 laid down by the general Directions given by the Charity Commission for Northern Ireland under seciion 65(9)(b) of the ChitIeS Act., and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity's financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl ol the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the linancial staiements presented wth those records. It also includes consideration of any Lknusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedure5 undertaken do noi provide all the evidence that would be required in an audit and CSeqUentIY no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in Ihe statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect: accounting records were not kept in accordance th section 386 of the Companies Act 2006 the financial stalemenis do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the CompaniesAct 2006 and with the methods and principles ofthe Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financiaj Reporting standard applicable in the UK and Republic of Ireland {FRS102) there is further informlOn needed for a proper understanding of the accounts to be reached. Independent examiner's stalement We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. *idAft VMauR Aidan Malone (FCA) Malone Accounting Ltd 12 Causeway Road Down 8T33 ODL Northern Ireland Date: 28 November 2025
Kilbroney Centre {A ¢ompany limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and ExpenditUTe Account) for the financial year ended 31 March 2025 Unrestricted Funds 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Tot Funds 2024 Notes Incoming Resources Activities for generating funds Voluntary Income Grants Received 187,694 6.088 187,694 6,088 139,220 4,832 139,220 4,832 11,000 11,000 Total incorning resources 193,782 193,782 144,052 11,000 155,052 Expenditure Charitable activityes 189,088 189,088 165,218 ii,¢)00 176,218 Net incomingloutgoing resources before transfers 4,694 4,694 (21,166) (21,166) Gross transfers beeen funds Net movement in lunds for the financial year 4.694 4,694 (21,166) (21,166) Reconciliation of funds: Total lunds beginning of the year 14 241,691 241,691 262,857 262,857 Totsl funds at the end of the year 246,385 246,385 241,691 241,691 The Statement of Financial Activities includes gains and losses recognised in the financial year. l income and expenditure relate to continuing activities. The noies on pages 10 to 14 form part of the financial statements
Kilbroney Centre {A company limtted by guarantee. not having a share capital) Company Number: N1606867 BALANCE SHEET as at 31 March 2025 2025 2024 Notes Fixed Assets Tangible assets 272,384 294.292 Current Assets Debiors Cash at bank and in hand io ,0 20.629 216 31,964 33.641 32,180 Creditors: Amounts falling due within one year (10,294) (13,831) Net Current Assets 23,347 18,349 Total Assets less Current Liabilities 295,731 312,641 Grants receivable (49,346) (70,950) Total Net Assets 246,385 241,691 Funds General fund (unrestricted) 246,385 241,691 Total funds 14 246,385 241,691 These financial statements have been prepared in accordance vth the special provisions relating to smajl companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2025 the charity was entrtled to exempiton from audit under section 477 of the Companies Act 2006; and no notyce has been deposited under section 476. The trustees confirm that the members have nol required ts company to obtain an audit of its financial statements for the financial year in question in accordance viith sectlon 476 of the Companies Act 2006. The trustees acknovAedge their responsibilities for ensuring that the chaiity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and tr view of the state of affairs of the charity as at the end ot the financial year and of its profft and loss for the financial year in accordance wth the requirements of sections 394 and 395 and which otherwse coMY the requirements of the Companies Act 2CQ6 relating to financi statements, so far as applicable to the charity. Approved by the Board of Trustees and authorised for issue on 28 November 2025 and signed on its behalf by Robert Andrew Brannigan Trustee The noles on pages 10 14 form rfirt ol the fironaal statements
Kilbroney Centre (A Company limiied by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financid year ended 31 March 2025 GENERAL INFORMATION Kilbroney Centre is a company limtted by guarantee incorw)rated in Northem Ireland. The registered office of the company is l Foreslbrook Road, Rostrevor. Newry, BT34 3BT vthich LS also the principal place of business ot the company The financial sL*ements have presented in Pound {£) which is also the funthonal currency of the company. SUMMARY OF SIGNIACANT ACCOUNTING POUCIES The following accounting policies have been applied consistenty in dealing 4%ryth items v4hich are considered materid in relats'on to the chanty's financial stalements. Basis ot preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modifi'ed to include cert&"n items at f&r value. The financial staiements have been prepared in accordance with the Statemeni of Recommended Prathice (SORP) -Accountsng and Reporting by Chartlies preparing their accounts in accordance %%ith the Financwl Reporting Slarwjard appluble in the UK and Republic of Ireland FRS 102". As pemiitted ty the Companies Acl 2(X)6, the charity has varied the slandard formats in Ihal act for the Statement of Financiai Actmties and the Balance Sheet. Departures fr¢yn the standard formats are to compty with ihe requirements of the Charitses SORP and are in compliance Wryth section 4.7, 10.6 and 15.2 01 that SORP. stst•ment of compllanc• The financial statemenls of the charity for the financlal year ended 31 March 2025 have been prepared on the going concern basis and in accordance vth the Statemenl of Recommended Pracuce (SORP) "Accounting and Reporting by Charitses prepan'ng their accounts in accordance Ihe Financial Reports'ng Standwd applicable in the UK and Republic of Ireland FRS ior. Cash flow statement The charity has av&led of the exemption in FRS 102 from the requirement io produce a cash flow statement because il is classified as a smau charity. Incomlng Resources Voluntary income or capiial is induded in the Statement ol Financial Acti%rylies en the charity is legally entltled to it, its financi value can be quanth'ed ¥Mth reasonalle Certnty and there is reasonable Certnty of its ultimate receipi. Ents'ilemeni to legacies is considered esiablished when the charity has been nots'fied of a dislribution to be made by the executors. Income recerved in advance of due performance under a contract is accounted for as delerred income until eamed. Grants for activities are recognised as income when the related conditions for legal enlitlement have been rneL All other income is accwnted for on an accruals basis. Expendlture All resources expended are accounied for an a¢crua15 basis. Chartlable actswts'es include costs of services and grants. support costs and depreciation on relaied assets. Costs of generating funds similarty include fundraising actiMtTres. Non-staff costs not attributed io one category of activity are allocated or apportioned pri> rala lo the staffing of the relevanl SeiCe. Finance. HR. IT and administratsve staff costs are directy attributable to Individu a¢'eS by obj'ective. G0Vem costs are those associated consts'tutiond and statutory requirements. Tangible fixed assets and deprecialion Tangible fixed assets are skted at cost or at valualion, less accumulated depreciation. The charge to depreciation is calculated to V¥Trte off the original cosl or valuation of langible fixed assets, sS their estimated residuat vaiue, over their expected useful lives as folkms". Land and buildings freehold Plant and machinery Fixtures, frtts'ngs and equipment 446 Straight line 251% Straight line IO% strght line io
continued Kilbroney Centre (A company limiied by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepd net of any trade discounts due. Income recognised by the charity from government agencies and other Cowfunders, bul not yet receNed at year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on depostt at banks requiring less than three months. nots'ce of withdiawai. Taxation No currenl or deferred laxation arises as the charity has been granted charilable exemption. Irrecoverable valued added t&x is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2025 2024 Voluntary Donations 6,088 6,088 4,832 CHARITABLE AcnvmES Unrestricted Restrl¢ted Funds Funds 2025 2024 Grants from governments and other CO•funders'. Victoria Homes Church of Ireland Orphans & Children Society Church of Ireland Youth Departmeni 2,500 6,500 2,000 11,000 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2025 2024 Income from groups 187.694 187,694 139,220 EXPENDrruRE CHARtrABLE ACTivmES Iki Direct Costs Other Costs Support Costs 2025 2024 Expenditure on Charitable Acbvttses Governance Costs (Note 4.2) 8,004 3,750 47.334 185,338 3,750 173.915 2,303 141,754 47,334 189,088 176,218 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2025 2024 Accounthncy SeNices 3,750 3,750 2,303 li
conlinued Kilbroney Centre (A company limrted by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 ANALYSIS OF SUPPORT COSTS 2025 2024 Maintenan Heat & Light Insurance Raies Telephone General Office 21,325 14,888 5,950 2.196 19.623 15,007 5,633 1,017 2,154 1,911 1,332 47,334 45,345 NEf INCOMING RESOURCES 2025 2024 Net Incoming Resources are sLited after clwgingl(crediting): Depreciation of tsngible a55ets Independent Examinerfs remuneTatian= independent examination semces Amortisation of grants recetvable 21.908 21.908 3,750 (21,604) 2,303 (21,604) INVESTMENf AND OTHER INCOME 2025 2024 Amortisation of CapIti grants received 21,604 21.604 EMPLOYEES AND REMUNERATION Number ol employees The average number of persons employed during the financial year was as follows'.17 2025 Number 2024 Number Part Time Permanent full time 15 17 The staff costs comprise.. 2025 2024 Wages and sataries Social security costs Pension costs 99,842 2,923 1.905 97,106 2,180 1,748 104.670 101,034 No employees receive employee beneffts of more than £60.IXrf).
continued Kilbroney Centre (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 TANGIBLE FIXED ASSErs Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Cost At 31 March 2025 438,353 3,933 53,673 495,959 Depreciation At l April 2024 Charge lor the financial year 157,103 17,534 2,718 680 41,846 3,694 201,667 21,908 At 31 March 2025 174.637 3,398 45,540 223,575 Net book value At 31 March 2025 263,716 535 8,133 272,384 At 31 March 2024 281.250 1,215 11,827 294,292 io. DE8TORS 2025 2024 Trade debtors Prepayments and accrued income 8,136 4,876 216 13,012 216 CREDITORS Amounts falling due within one year 2025 2024 Bank overdrafts Trade CTe(iitors Taxation and social security costs AcCruS and defeTred income 3,317 654 6,323 438 3,140 8,546 1,707 10,294 13,831 GRANTS RECEIVABLE 2025 2024 Capits grants received and receivable At l April 2024 172,982 172,982 Amortisation At l April 2024 Amortised in financial year {102,032) (21,604) {80,428) (21.604) At 31 March 2025 (123,636) (102,032) Net book value At 31 March 2025 49,346 70.950 At l April 2024 70,950 92,554 13
continued Kilbroney Centre (A tompany limited by guarantee, not having a share capita4 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 RESERVES 2025 2024 At the beginning of the year SuTplusl{Deficit) for the firwKial year 241.691 4,694 262,857 {21,166) At the end of the year 246.385 241,691 FUNDS IQI RECONCIUATION OF MOVEMEKf IN FUNDS Unrestricted Funds Funds At l April 2023 Movement during the financial year 262,857 (21,166) 262,857 {21,166) At 31 March 2024 Movement during the financial year 241,691 4,694 241,691 4,694 At 31 March 2025 246.385 246,385 14.2 ANALYSIS OF MOVEMENTS ON FUNDS ance l April 2024 Income Expendltur• Transfer8 beiween funds Balance 31 March 2025 Unre8trlct•d funds Unreslricted 241,691 218.850 214.156 246,385 Total lunds 241,691 218.850 214,156 246,385 3 ANALYSIS OF NET ASSETS BY FUND Fix•d assets . charity use Currnnt Currenl Long.term assets Ilabllllles delerred Income Unrestricted generd funds 272,384 30.324 (6.977) (49,346) 246,385 272,384 30,324 {6.97n (49,346) 246,385 STATUS The charty is limited by guarantee not hawng a shale cawi. The liabilty of the members is limtied. Every member of the company undertakes to conlribute to the assets of the company in the event of its being wound up while they are members. or within ¢Me year thereafter. for the payment of the debts and liabililies of the company contracted before they ceased to be members. and the costs. charges and expenses of ndIng up, and for the adjustment of the rights ofthe contriLKrtors among thefflseh, such amount as may be required, noi exceeding £1. 16. RELATED PARTY TRANSACTIONS It is the policy of Kilbroney Centre that no remuner*ion is paid to trustees. No trustee expenses have been incurred. The key management personnel of The Centre comwise the trustees and the development officer. 14