Charity N(mber. 104786 Badoney Development Partnership Annual Report and Unaudited Financial Statements for the financial year ended 31 October 2023
Badoney Development Partnership IA company limlted h••kng a stroeGap CONTENTS Page 3iredors' and Other Infofmation Jireclors. Annual ReF atement of Director5. Responsibilities .ucountants' Rep(xt statement of Finanrial Activities Balance Sheet Not8S to Ihe Financial Statements 9-12 - Jpplementary Information relating to Ihe FInCIal Statements 14
Badoney Development Partnership BALANCE SHÈEr as at 31 October 2023 2023 Tangible assets 1.251 Cash at bank al in hand 31805 32.381 Net Current Assets 31A05 32.381 Total Assets less Current LIa"lleS Funds Restiicted furKIs Generydl fund (unrest} 1,762 32.183 31.47T Total funds within Part 15 of the CompleS Ad 2CK)6. The cpanY ha5 taken aJvan of the under seclicm 444 nol tr) file the Pll)fft and Loss AX)unt and Directorf RewL Tl directors confimi that Ihe rneMt T1 wuired the to obtain an audit of its finanwl Strtents for Ihe fironcial year in questK)n in a(d with stIOn 476 of the C(¥npanies Act 2W6. comply wtth seclion 386 aThJ frN Fyeparing finarnial statemts whK* give a true arKI fair VI of the state of affairs of the small companies. regime and in with FRS 102 Tr FI81 Rwting Stamdard appli in the UK and Republic of Irdan(r. apptying Section 1A uf that Standar(l. Deborah Anne Daly Trustso
Badoney Development Partnership DIRECTORS. ANNUAL REPORT lor the finanaal year ended 31 October 2023 The directo present their DKe(knr¥ Annual Rewrt Ix)rnbining the D#eLixg and T. R8porL and the RertIng Standard applith in lh8 UK •KJ RepUbr of Irelar¥f and Acc¢wnting Repcwling by Charities: statement of Recomm Pra1 appkalAe to thaiities prepariTr3 thetr fnal slatements in a(zordance with the Finani?al Rep(¥tirvJ Statxjard aproxth in the UK arKI Rqxth of Ireland (FRS 102}. The DIreCtS. Repxt CrtainS reqUId to te IMDvMJed in the Dire(aoTg Annual Rep under the Statement of Recommended Pra(tse (SORP) guhklIr. The (Ire(AS of the lPY are also iwtty tnjstees for activities. achievements a1 finance5 fur the ffirHntaal JEar 31 Octob 2023. The (x)mpany is a regislered charity and herte the rEpyi arKI resums are presented in a foThn which complies with the requirements of the coMnieS Act 2(N)6 arKI. althgh rK)t ow to vJith Ihe Statement of Recommènded Practice applicable in the UK and Rewbk of Ifeland FRS 102. the (*gariti has impkniented its Flnan¢ial Review The results foT the fjnanL?al >Far are set page 7 and athJilKMwI th are FKOVKled sh(Ming inc¢)me and expenditure in greater detail. Financial Results At the end of the ffiron(ial year the c(Nnpany has assets of £32.656 - £33.945) liabilths of £Q.IY) (2022 - Directorg Fearghal Ward Debordh Anne Da Christopfw Ory<ane Anita McCt)nn Compliance with Se¢tor-WKle Legislatson and Slandanls The ¢)Jmpany engages wo4thvdy wryth legislation, slandards and deS ¥knKh are develo[ for Ihe sector. Badoney DeveloWt Partnship s1be5 to aThJ is oJWianl with the followng: The Companies Act 2006 The Charikn SORP (FRS 102) bD Deborah Anne Daly Trustee
Badoney Development PaTthership CHARTERED ACCOUNTANTS. REPORT to the Board of Directors on the unaudited financial statements of Badoney Development Partnership for the financial year ended 31 October 2023 In accordan with our engagement letter and in order to assist you to fijlfil your dulles under the Companbes Act October 2023 cornp the Staternt of Fmancial an Income and Expenditure Account}, the Balanc Sheet and notes from the Conyanys ac¢tIng reLY)n15 and frc¥ii infomwtion and explanations you have given to us. This report is made s(dely to the Board of Directors of Bath)ney DeVelopnt Parbiership. as a body, in accordance with the terms of our engagement. Our work has been urKleriaken sotdy to prepare for your approval the financial statements of Badoney Develotynent Partnership and state those matters that we have agreed to state trj the Board of Director5 of Badoney Devdopment Pathershp. as a in Ihi5 reFxAt in aLLan wilh guidan of Chartered Aux)untants Ireland. To the fulest extent permitted by law. we do not ac¢ or a&wme responsibility to anyone other than Badoney Development Partnership and ils Board of Diredors. as a bc. for our worf( or for this port. We have wiled out thi5 engagemenl in a(ZOrdan wilh guidance issued by Chartered Accountants Ireland and have complieLI 74Vith the ethirAI guidan( laid dth¥n by Chartered kn%ntants Ireland relating to membeF5 Undertang the compilation of finanaal statemen It is your duty to ensuFB tt¥3t Ba(k)ney Devthrrrt Pthr*Np has kept ada]uate acmunting Kec(xds and ID prepare statutory financial 5tateEnents that a Irue arKI far view of the assets. kabililie5, finanua position and deficit of Badoney Development Partnership. You consider that Bad0n Develotffnent Partnership 1$ exempt from the statutory audit requiremenl for the financial yeaT. We have not been instructed to carry (Irt an audii a review of Ihe financtal stalements of Bad Development infonnation and ex¥kntiorts you have lo us and we do rK)L IIEref(xe. express any opirrion on the ststutory financial statemen ABAC Chartered Auntants a1 Registered Aud5 Abbey Housa 12 Abbey Street Omagh Co Tyrone BT78 1 BZ 8 May 2024
Badoney Development Partnership STATEMENT OF FINANCIAL ACTIVITIES Ilncorpordtlng an Income and Expenditsjre Account) the financial year ended 31 October 2023 Unrestricted Re¥tricted Funds Funds 2023 Totsl Unrestricted Restrtcted Funds FUTKIS Funds 2022 Total Funds 2022 Incom• CharttatAe aclivittes . Grants from governments and other c(fUnderS 7.121 7,121 Expenditure Charitable a(knitses other expenditure 5.117 610 10.972 391 42 16.089 1.001 Total Expenditure 706 1289 5,727 11.363 17.090 Nel Inconiel{oxpenditurn) 06) {583) (1.289) (5.727) {4.242) {9,969) Transfers between frJnd5 Net movement In funds for the financial year (1289) (5.727) {4242} (9,969) Reconcillatlon of funds: Total funds beginning of the year 32.183 33.945 37.910 43,914 Total funds at tho ond of the year 31.47T 1.179 31656 31183 1.762 33.945 The Ststernent of Finan¢ial Adivib'es indudes all gains arld IDsses rewiised in the financial year. All income and expendiiure relate to continuing acbvibes.
Badoney Development Pathwship Comparty Number. la634147 BALANCE SHEET as at 31 October 2023 2023 2022 Fixed Assets TIble assets 1.564 Cash at bank and in harKI 31A05 32,381 Net Cumnt Assets 31.405 32.381 Total Assets less Current Liabilltl8s 32.656 33.945 Funds Restricted funds General fvnd (unrestr) 1.179 31A77 1,762 32.183 Total fvnds 33.945 Thgse financial ststements have bgen prepared in aLdan with the spwial provts1 relatirKJ to small companias within Part 15 ofts CAJmpanies Ad 2006. For trre financial year 8nded 31 Octcthr 2(r23 Ihe rxxnpany Tpr& en to eXerrYb fTDm audit under seclion 477 of the Compani8s Aca 2(. aThJ no notice has derxjsiled under secaN)n 476. for the finarKial year in question in wilh Se(jK 476 ofthe Companies Ad 20(. compty with seLknn 386 and prePing finanoal Statem Ythich give a tn and fair VI of the state of affairs ol the u)mpany as at the end of Ihe finaThial year and of ils profft and IS for the financial year in ac(x)TrJarK% Wtih the requiremerrts of seGIM)ns 394 arNJ 395 and whith Q1he ilh the requirements of the Companies Act 2006 relating to fiftJaI statemenls, so faras a¥tile to ts cAJnpany. the small cJ)mpanies' and w a(Xx¥d with FRS 1(Y2 Tr FrAK3al Slandard afvble in the UK and Rewblic of IrKf. applyiTrJ SedKm 1A of that SlarKlard. J5d Trusteo
Badoney Development Partnership NOTES TO THE FINANCIAL STATEMENTS for the finarrial year ended 31 October 2023 GENERAL INFORMATION Badoney Devekjpnent Partyship is a company limiied by guarantee in(x)rporated in Northem Ireland. The istered Off of Ihe r#Jnpany 15 71a Main StreeL (knlin. Owwh. Co T. B778 8NH. Northem IrEland vthich is also the prm(¥pal fv of tKtsirws of the company The finanoal staternenls have been presented in PouThJ {£) whith is also the func110 of the (x)mpaw. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The following accounting policies have been applied consi51enlly in dealing with iteTllS whth are considered material in relalion to chatty's finanijal statements. Basls of preparation m(Klffied to indude cErta itern5 at tair value. The financial state1Tr have been prepared in aGGordance wh the Statement of Recommended Praclice (SORP>"Accounting and ReFQrting by Charthes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irel8nd FRS 102". apptying Sec1y 1A of1hat Stsrtdard. with the rewiremen& of the Ctwilies SORP cxnpkn 7th section 4.7. 10.6 and 152 of that SORP. statement of eomplianco The financial statements of the (xxnpany for the finanaal year ended 31 December 2017 have been prepared on the going concem basis and in accordan with the Staternent of RecA)mmended Practice (SORPI "AccKJunting and RetN)rting by Cha¥iti&s preparing their accounts in awdance with the Financial Reporting Standard applicable in UK and Reputlic of Ireland FRS 102". applwng Section 1A of that Standard. Fund acawnth Restrkted funds Restricted fijnds represent incorne received which (an onty be u1 for partiujlar purposes, as specified by the dorKKs. Such purpcws are within the overall (iectives of the Company. Unrestrlcted lunds . General funds represent anK)urts are expwthble at the dis(xeSion of the tmjard, in furtherance of the objeclives of the company. . Designated funds comprise unre51rictj furKls that the board ha& at its discretion. set aside for particular purposes. These des¥nations Ive an administratp4e oxty. and do not legally restrict the board's discretion to apply the fLmd. Income Volunlary Ixne or is in(Kled in Stsiwnert M1¥its Wh the cornpany 15 legally entitled to it. finan(#al value ran be qUantrfd wilh reasciable and there is reasonable certainty of its ultimate rpL EntitIen lo legacie5 is established when the company ha5 been nottfied of a distribution lo be made by the execut(ws. Inrx)rne received in advan of due perfomiance under a contract is accounted for as defetred inne unli5 eamed. Grants for aclivitres are recognised as income when the related conditions for legal entitlem have been met All other in(xxne is aCUted for on an aLru8L$ basis. Expendlture and grants. suppcrt costs arKI dewEath Im lated assels. Costs of generating fiffxjs similaty include ftjndraising thitses. NoStsff costs not attributed to one Iztegxy of adNity are allocated or apportioned pro-rata to the slaffing of the relevant service. Finan. HR, IT and administratNe siaff costs are directly atthbulable to individual aCtN[b by objective. Gov8mance Costs aTe those assouated with constitutional and statutory requirements.
Badoney Development Partnership NOTES TO THE FINANCIAL STATEMENTS c#)nty'nued for the financial year ended 31 October 20¥J Tangible fixed Sets and depreciation Tangible fwl assets are ststed at (yJst or at Yaluation, less a[¥ted deprectalion. The ttrge to depreciaion is (al(lated to te off the orignal cost alualKIn { tangible fixed assets. less their e5titnaled resKlual value, overtheir expe(ed useful lives as follcms: Fixtures. ffttings aTMJ equipment 20% Reducing Balance Cash at bank and In hand Cash at bank arKI in hand (zsh deposit at banks Tequiring kn than three months, noti of withdrawal. No current or deferred taxabon ar55es as the ujmpany has been granted charitable exemption. IVerable valued added tsx is expensed as incurred. INCOME CHARITABLE ACTMllES 2023 2022 Funds Funds Ino)me from chaTitabl8 activities 7,121 EXPENDrruRE CHARtrABLE ACTivmES Other SuFyort 2023 2022 Expgrwjiture on tharitable adivilBs 16,089 OTHER EXPENDITURE 0th0r Support Costs 2023 2022 1,289 1,001 NEf INCOME 2023 2022 Net Income is stated aftor ¢harykW(crodllbw): 313 391 TANGIBLE FIXED ASSErs Fixtures. fittings and equipment Total At 31 0clob 2023 1.955 1.955 Depreciation At 1 November 2022 Charge forthe finanaal year 391 313 391 313 At 31 iknber 2023 704 Nat book value At 31 O&obw 2023 1.251 1,251 Al 31 O&ob8r 2022 1.564 1,564 io
8adon8y Development Partnership {A company lknited by guararbts8. not havlng a sharg ¢apttal) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2023 RESERVES 2023 2022 At the beginning of the year Dèficit for the fjnanoal year 33.945 (1,289) 43,914 (9,969) At the end of the year 32,656 33,945 FUNDS RECONCIUATION OF MOVEMEKf r4 FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 November 2021 Movem8nt during the financial year 37.910 (5.7271 43.914 19,969) (4,2421 At 31 October 2022 Movement during the financial ye 32.183 1706) 1.762 {583) 33,945 (1,289) At 31 October 2023 31.477 1,179 32.656 ANALYSIS OF MOVEMENTS ON FUNDS Balance Expendlture 1 November 2022 Transfers between funds Balance 31 October 2023 Re8tri¢ted fun¢ts R8Stricted Unrestrictsd funds Unreslricted General 1,762 583 1,179 32.183 706 31.477 Total funds 1,289 32,656 ANALYSIS OF NEf ASSEfs BY FUND FIX assets Current Current assets Ilabilitles Total RestriGlcd fund3 1.251 198 (270) 1,17g Unrestricted general funds 31.477 31.477 1.251 31.675 (270) 32,556 STATUS The company is limtted by guarantee not hawng a share (*pital. The liability of the members is Inited. Every Thmber of the company undertakes to contribute io ihe assets of the (x)mpany in the event of ils being wound up while they are members. or thIn one year Ihereafter. for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs. charges and expenses of wnding up, and for the adjustmenl of the rights of the LX)ntritxrtors am(mg themselves. such amcmjnt as may be required, not exceeding £ 1. 11
Badoney Development Partnership NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 October 2023 10. DIRECTORS. REMUNERATION 11. There have been no signiknrrt events affeding the Chaity since the financial year-end. 12
BADONEY DEVELOPMENT PARTNERSHIP SUPPLEMENTARY INFORPAATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023 13
Badoney Development Partnership (A ¢ompany limited by guaranle•. not havknu a capknl) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the finarKxal year ended 31 Odober 2023 2023 2022 Income 7,121 Expenses Courses Rent payable Insuran Info Hub (Web Design) C¢JnsuMancy fees AccoLntancy Bank charges Charttable Actsvibes Depreuation 270 93 215 222 5.022 350 33 4,187 391 313 1,289 17.090 Not d8fi¢it (1,289) {9.9691 The suppte¥neniary inforrnation does rt fonn ot Ihe fin8n(ial statements 14