Ballybot Communlty Projects {A Company Ilmltgd by guarantee, not havlng a sharo Capltsll Annual Report and Unaudited Financial Ststements for the financial year ended 31 July 2023 Malone Accountlng Chartered Accountants and Reglstered Audltors 12 New Street Newry County Down BT35 6JD Company Number: N1632578 Charlty Number: 104911
Ballybot Community Projects IA company Ilmlted by guarantee, not havlng a share capltall CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-10
Ballybot Community Projects IA company Ilmltod by guaranlg9, not havlng a shar• capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustaes Mrs Maureen Ruddy David Cunnlngham {Resigned 15 SepteMr 2022} Ewan Morgan Rosemary Rooney Company Secretary Raymond Jackson Charlty Numbor In Northorn Irèland 104911 Company Registratlon Number N1632578 Regl8tered Offlce and Prlnclpal Addre89 Ballybot House Newry Co. Down BT35 8BG Independent Examlnor Malone Accounting Chartered Accountants 12 New Street Newry County Down BT35 6JD Prlnclpal Bankers Bank of Ireland 12 Trevor Hill Nowry County Down BT34 1 DT
Ballybot Community Projects {A company Ilmlt&d by guarant. not havlng a shar• capltal} TRUSTEES, ANNUAL REPORT for the financial year ended 31 July 2023 The trustees present their Trustees, Annual Report, combining the Directors, R8port and Trustees, Report, and the unaudited financial statements for the financial year ended 31 July 2023. The financial statements are prepared in accordancé with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Stat&ment of Recomménded Practice applicable to charities preparing their financial slatemgnts in a¢cordanc6 with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Trustees, Report contsins the information required to be provided In the Trustees, Annual Report under the Statement of Recomménded Practice ISORP} guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as membars of Ihe board of trustees. In this réport the Iru8tee8 of Ballybot Community Projects present a summary of its purpose. governance, activities, achlevements and financés for the financial financial year 31 July 2023. The charity is a registered charity and hence the report and results are presented in a fomi which complies with the requirements of the Companies Act 2006 and, although not obliged to comply wlth the Statement of Recommended Practlce applicable in the UK and Republic of Ireland FRS 102, Ihe organisation has implemented its recommendations where relevant in these financial statements. Financial Review The results for the financlal year are set out on page 7 and additional notes are provided showng income and exnditure in greater detail. Flnancial Results At th8 end of th8 financial year tha charity has assets of £10,656 (2022 £10,656) and liabilitles of £10,000 (2022 £10,000). The net assets ofthe charity have decreased by £0. Trusteès The current trustees are as set out on page 3 Mrs Mauraèn Ruddy David Cunningham (Resigned 15 S6Ptember 2022} Ewan Morgan Rosemary Rooney In accordance with th8 Constitution, th& trustees retire by rotation and, being eligible, offer themselves for r&election. The secretary who served during the financial year was.. Raymond Jackson Compllance wlth Se¢tor-Wlde Leglslatlon and Slandards The charity engages pro-actively with legislation, Standards and codes which ar8 developed for Ihe sector. Ballybot Community Projects subscribes to and Is compliant with the following.. The Companles Act 2006 The Charities SORP (FRS 102) Approved by the Board of Trustees on I S Mar¢h 2024 and slgned on Its behalf by: Maureen Ruddy Trustee
Ballybot Community Projects A company Ilmlted by guarantee, not havlng 8 Share ¢apltal} STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 July 2023 The trusteés, who ar6 also directors of Ballybot Community Projects for the purposes of company law, are responsible for preparing the financial statements in accordance whh applicable law gnd regulations. Company law requires the trustees as the directors to prepare financial statements for 8ach financial year. Undér that law th8 truste6s hav6 el@cted to prepare the financial statements in accordance with United lfjngdom Generally Accepted Accounting Practice {Unlled Kingdom Accounting Standards and applicgble law) including FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" SectSon 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satSsfied that they give a true and fair view of the state of affalrs of the company and of the surplus or deficit of the company for that period. In preparing these finan¢ig1 ststements, the trustees are required lo.. select suitable accounting policies and apply Ihem consistently., make judgements and estimates that are reasonable and prudent., stsle whether the fi'nancial stalements have been prepared in accordance with the relevant financial reporling framework, identify those standards, and note the effect and the reasons for any material departure from those standards- and prepar6 the financial statèments on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees ¢onfimi that they have complied with the above requirements in preparing th8 financial slatements. The trustees are responsible for ke6ping adequate accounting records that are sufficient to Show and explain the charity's transactions and disclose with reasonable accuracy al any time the financial positlon of the charity and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of th6 charity and henc8 for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by Iho Board of Tru8t8es on 16 March 2024 and 81gn8d on Its behalf by: Mrs Mauroon Ruddy Trustee
Ballybot Community Projects {A company Ilmltgd by guaranto&, not havlng a share capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF BALLYBOT COMMUNITY PROJECTS We have examined the financial statem8nts of the charity for the financial year ended 31 July 2023, which comprise the Slatement of Financial Aclivilies (incorporating an Income and Expendilure Account), the Balance Sheet and the related notes. This report is made solely to the charfty's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial slat&ments that we have been engaged to compl1&, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in Ihls roport and for no other purpose. To the fullest extent PeTmitted by law, we do not a0pt or assume responsibility to anyon6 Other than the charity and the Charity's members, as a body, for our wod(, or for this report. Respectlvo responslbllltlès of trustees and examlner 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 financial statements in accordance with the requirements of the Companies Ad 2006. The charity's trustees consider that an audit is not required for Ihis financial year under Chapter 3 of Part 16 of the Companies Act 2006 and Ihat an Independent examination is required. It is our responsibility to.. examine the financial statements under section 65 of the Charities Act., follow Éhe procedures lald down by the general Dire¢tion$ given by the Charity Commlssion for Northern Ireland under section 65{9llb) of the Charilies Act., and state whether particular matterg have come to our attention. Basls of Independent oxamln6rfs roport We have examined your charity financial statements as required under section 65 of the Charities Act and our èxamination was carried out in accordan with the general Dirèctions given by the Charity Commission for Northern Ireland under section 65(91(bl of the Charities Act. An examinalion Includes a review of the accounting records kept by the charity and 8 Comparison of the financial statements presented wilh those records. It also includes consideration of any unusual ilems or disclosures In the financial statements and seeking explanations from the trust86s concerning any such matters. The procedures undertaken do not provide all the evldence that would be required in an audit and consequently no opinion is given as to whether tho accounts present a 'true and fair, view and the report is limited to those matters set out In the statement below. In conn&cllon wtth our examination, no matter has come to our attention which gives us cause to believe that in, any matertal respect.. a¢counting records were not kept in accordance with section 386 of Ihe Companies Act 2006 the financial statements do not accord with those accounting records the financlal statements have not been prepared in accordanc6 with the accounting requirements of section 396 of the Companles Act 2006 and with the methods and principles of th8 Statement of Recommended Practi applicable to charities preparSng their accounts in accordan with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS1021 thère is further information needed for a proper understanding of the accounts to be reached. Independent examlnor's statamant We have no concerns and have come across no other matters in connedion with the examSnation to which attention should be drawn in this report in order to enable a proper understanding of the finanrjal statements to be reached. Aldan Malone Malone Accounting Chartered Accountants and Registered Auditor8 12 New Street Newry County Down BT35 6JD Date: 15 March 2024
Ballybot Community Projects IA company Ilmited by guaranteè, not havlng a share capltall STATEMENT OF FINANCIAL ACTIVITIES Incorporatlng an Incomg and Expeiidlturo Account) for the financial year ended 31 July 2023 Restricted Funds 2023 Total Restricted Funds Funds 2023 2022 Total Funds 2022 Notss Net Incomellexpenditure) Transfers beleen funds Rèconcillatlon of funds: Total funds beginning of the year 656 666 656 656 Total funds at the and of the year 656 656 656 The Statement of Financial Activities includes all galns and losses recognised in the financlal year. All income and expenditure relate to continuing activities. The notes on pages 9 10 10 fom part of the flnanclal 8lalemenlg
Ballybot Community Projects {A company Ilmltgd by guarantee. not havlng a sharè capltall Company NUM1. N1632578 BALANCE SHEET as 8t 31 July 2023 2023 2022 Nota8 Current Assets Cash at bank and in hand 10,656 10.656 Credltor8: Amounts falllng due wlthln ono year 110,0001 110,0001 Net Current Assots 666 656 Total Assets le88 Current Llabllltles 656 656 Funds Restricted trusl funds 656 656 Totsl fund8 656 656 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 July 2023 the charity was entitled to exemption from audit under section 477 of thè Companies Act 2006,. and no notice has been deposlted undér section 476. The trustoes confirm that th6 m8mbers have not required Ihe company to obtain an audlt of its financial statements for the financial year in question in accordan with sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilitie8 for ensuring that th8 charity keeps accounting records whlch comply with sactlon 388 and for preparlng financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit and loss for the finan¢ial year in accordance with the requirements of sections 394 and 395 and which othewise comply wlth the requirements of the Companigs Act 2006 relating to financial statements. so far as applicable to the charity. The financial statements have been prepared in accordance With the provisions applicable to companies Subje to the small companies, reglme and in accordance wlh FRS 102 "The Financial Reporting Standard applicabl6 In the UK and Republic of Ireland" applying Section 1A of that Slandard. Approved by the Board ofTNstees and authorl8od for issue on 15 March 2024 and 8lgned on Its behalf by Maureen Ruddy Trustee The notes on pages 9 10 10 form part of the financial slalemenls
Ballybot Community Projects A company Ilmlted by guarantee, not havlng a sharg caphall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 July 2023 GENERAL INFORMATION Ballybot Community Projects is a company Ilmited by gugrantee incorporated in Northèrn Ireland. The registered office of the company is Ballybot House, N8wry, Co. Down, BT35 8BG which is also the principal place of business of the company The financial ststements have been presented in Pound {£) whlch is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Thè following accounting policies have been applied consistsntly in dealing with Itéms which are considered material in relation to the charity's financial statements. Bas18 of preparatlon Th6 ftnancial statements have been prepared on the going concern basis under th& hlstorical cost ConvenOn, modified lo include certain items at falr valu8. The financial ststements have been prepar6d In accordance with Ihe Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard appllcable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Stgndard. A8 permitted by the Companies Act 2006, the charity has varied the standard fomials in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard fomats are to compty with thè rèqulreménts of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. statement of compllance Th8 flnancial statements of thé charity for the fingncial year ended 31 July 2023 have been prepared on the going concern basis and in accordance wSth the Statemènt of Recommended Pradic8 {SORP) "Accounting and Reporting by Chgrities preparing their accounts in accordancè with the Financial Reporting Standard applicable in thg UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accountlng The following are the categories of funds mainlained: Rostrl¢ted funds Restricted funds represenl income received which rAn only be used for particular pu4)oses, as speclfied by the donots. Such putposes are within the overall objectives of the charity. Unrostrlcted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, In ftjrtherance of the objectives of the charity. Designated funds comprise unrestricted funds that th6 board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not tegally restrict tha board's discretion to apply the fund. Incomo Voluntary income or capital is included In the Statement of Financial Adlvities when the charity 18 legally entitled to it, ils financial value can be quantified with reasonable certainty and there is reasonable certsinty of its ultimate receipt. Entitlement to legacies is considered established when th6 charity has been notifi'ed of a disltibution to be made by the execulors. Income received in advanc& of du8 perfomiance under a contract is accounted for as deferred Income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Expendlturfr All resources expended are accounted for on an accruals basis. Charitable activities include costs of servtces and grants, support costs and depreciation on related assets. Costs of generating fijnds simllarly include fundraislng activltiés. Non-staff costs not attributed to one category of activity aro allijcated or apportioned pro-rata to the staffing of th6 r&l8vant service. Finance, HR, IT and administrative staff cost8 are directly attributable to individual activities by objective. Governance costs are those associated with constftutional and slatutory requirements. Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requlrSng less than three months notice of withdrawal.
Ballybot Communlty Projects IA company Ilmlted by guarantee. not havlng a share ¢apltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 July 2023 Taxation No current or deferred taxation arfses as the charty has been granted charilable exemption. Irrecovsrable valued edded tax is expensed as incurred. CREDITORS Amounts falling due within on8 year 2023 2022 Accruals and deferred income 10,000 10,000 RESERVES 2023 2022 At the beginning of the year 656 656 At the end of th6 year 656 656 FUNDS ANALYSIS OF NET ASSETS BY FUND Current assets Curront Ilabllltlos Total Restricled trust funds 10,656 110,000) 656 10,666 110,0001 656 STATUS The charity is limited by guarantee not havlng a share capilal. The Ilablllty of thè members is limited. Every member of the company undertakes to contrtbute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and th8 costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. RELATED PARTY TRANSACTIONS During the current and prior year.. No trustees received any rémuneration or benefits in kind. No trustee expenses have been incurred. POST.BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 10