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 FIn￿CIal 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￿"ll￿eS Funds Restiicted furKIs Generydl fund (unrest￿} 1,762 32.183 31.47T Total funds within Part 15 of the Comp￿leS Ad 2CK)6. The c￿￿panY ha5 taken aJvan* of the under seclicm 444 nol tr) file the Pll)fft and Loss A￿X)unt and Directorf RewL Tl* directors confimi that Ihe rneMt￿ T￿1 wuired the to obtain an audit of its finanwl Strt￿ents for Ihe fironcial year in questK)n in a(￿d￿ with s￿tIOn 476 of the C(¥npanies Act 2W6. comply wtth seclion 386 aThJ frN Fyeparing finarnial statem￿ts whK* give a true arKI fair VI￿ of the state of affairs of the small companies. regime and in with FRS 102 Tr FI￿￿￿81 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#eL*ixg and T￿￿. R8porL and the Re￿rtIng Standard applith in lh8 UK •KJ RepUbr￿ of Irelar¥f and Acc¢wnting Repcwling by Charities: statement of Recomm￿ Pra￿1￿ appkalAe to thaiities prepariTr3 thetr f￿n￿al slatements in a(zordance with the Finani?al Rep(¥tirvJ Statxjard aproxth in the UK arKI Rqxth of Ireland (FRS 102}. The DIreCt￿S. Repxt C￿rtainS reqUI￿d to te IMDvMJed in the Dire(aoTg Annual Rep￿ under the Statement of Recommended Pra(tse (SORP) guhklIr￿. The (Ire(A￿S of the ￿l￿P￿Y are also i*wtty tnjstees for activities. achievements a￿1 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 coM￿nieS Act 2(N)6 arKI. alth￿gh rK)t ow to vJith Ihe Statement of Recommènded Practice applicable in the UK and Rewbk of Ifeland FRS 102. the (*gari￿ti￿ 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"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 c*xnpkn ￿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 u￿1 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 unre51rict￿j furKls that the board ha& at its discretion. set aside for particular purposes. These des¥nations I￿ve an administratp4e oxty. and do not legally restrict the board's discretion to apply the fLmd. Income Volunlary I￿x￿ne or is in(*Kled in Stsiwnert M1¥its￿ Wh￿ the cornpany 15 legally entitled to it. finan(#al value ran be qUantrf￿d wilh reasc*iable and there is reasonable certainty of its ultimate r￿￿pL 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 in￿￿ne unli5 eamed. Grants for aclivitres are recognised as income when the related conditions for legal entitlem￿ have been met All other in(xxne is aC￿U￿ted for on an aL￿ru8L$ basis. Expendlture and grants. suppcrt costs arKI dewEath Im ￿lated assels. Costs of generating fiffxjs similaty include ftjndraising thitses. No￿Stsff 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 tt￿rge 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. I￿Verable 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 I￿nited. 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 r￿t fonn ot Ihe fin8n(ial statements 14