Ballybot Community Projects {A company Ilmited by guarantee, not having a share capltall Annual Report and Unaudited Financlal Statements for the financial year ended 31 July 2024 Malone Accountlng Charterèd Accountants and R6glstergd Audltors 12 Now Street Newry County Down BT35 6JD Company Number: N1632578 Charlty Number: 104911
Ballybot Community Projects IA company limltod by guaranto0, 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 9-11
Ballybot Community Projects (A company limltod by guarantee, not having a share capltall REFERENCE AND ADMINISTRATIVE INFORMATION Trusto08 Mrs Maureen Ruddy Ewan Morgan Rosemary Rooney Company Secrelary Raymond Jackson Charlty Number in Northern Ireland 104911 Company Registratlon Number N1632578 Reglstered Offlce and Principal Address Ballybot House Newry Co. Down BT35 8BG Independent Examln6r Malone Accountlng Ch8rtered Accountants 12 New Str66t Newry County Down BT35 6JD Principal Bankers Bank of Ireland 12 Trevor Hill Newry County Down BT34 1 DT
Ballybot Community Projects IA company Ilmlted by guarantee, not having a sharo capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 July 2024 The trustees present thelr Trustees, Annual Report, combining the Dlrectors, R8POrt and Trustees, Report, and the unaudited financial statements forthe financial year ondod 31 July 2024. The financlal statements are prepared In accordance with the Companles Act 2006, FRS 102 Th8 Financlal Reporting Standard applicable in the UK and Republlc of Ireland" and Accounting and Reporting by Charitles: Statement of Recommended Practice applicable to charities preparing their financlal statèments in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees, Report contalns the infornation required to be provlded In th& Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidellnes. The trustee8 of the company are also charity trustees for tha purpose of charlty law and undar the company's constitution are known as members of the board of trustees. In this report the trustees of Ballybot Communlty Prolocts present a summary of its purpose, gov6rnance. actlvlllos, achlevements and financès for the fin8ncial year 31 July 2024. The charity is a registered charity and hence the report and r6sults are presented in a fomi whlch complies with tho requlrements of the Companles Act 2006 and, although not obliged to comply with the Statement of Rocommended Practice applicable in the UK and Republlc of Ireland FRS 102, the organisation has Implemented Its recommendatlons whare relevant In thes8 financial statements. Flnanclal Revlew The results for the financial year are set out on page 7 and addlllonal notes are provided showing income and expendllure In greater detsil. Flnanclal Results At the end ofthe financial year the charity has assets of £630 {2023- £10,656) and liabilities of£O.00 {2023- £10,000). The net assets of the chartty hav6 decreased by £(26}. Trust8èS The current trustees are as set out on page 3 Mrs Maureen Ruddy Ewan Morgan Rosemary Rooney In accordance with the Constilution, the trustees rellre by rotation and, being eligible, offer themselvès for re-electlon. The secretary who served durfng the financlal year was.. Raymond Jackson Compliance wlth Sector-wlde Leglslatlon and Standards Tho charfly engages pro-actively with legislation. standards and cod6s which are developed for the sector. Ballybot Community Projects subscribes to and Is compliant with the following: The Companie8 Act 2006 The Charitles SORP {FRS 102) Approvéd by the Board of Trustees on 27 S6ptemb8r 2024 and signed on It8 behalf by: Mr8 Maureen Ruddy Trustee
Ballybot Community Projects (A company Ilmlted by guarantee, not having a share capltall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 July 2024 The trustees, who are also dlrectors of Ballybot Communlty Prolocts for the purpose8 of company law, are responslble for preparing the financial statements in accordance wtth applicable law and regulatlons. Company law requlres the trustees as the directors to prepare financlal statements for each financlal year. Under that law the trustees have elected to prepare tha financial statements in accordance wlth Unlted Kingdom Generally Accepted Accountlng Practlc6 {Unlted Kingdom Accountlng Standards and applicable law) includlng FRS 102 "The Financial Reporting Standard applicable In tha UK and Republic of Ireland" Secllon 1A (Small Entities). Under company law the trustees mu81 not approve the financlal statements unless they are satisfled that they give a true and fair view of the state of affalrs of Ihe company and of the Surplus or deficlt of the company for that period. In preparfng these financial stat8menls, the trustees are roqulr6d to: select suitable accountlng pollcl@s and apply them consistently., make judgements and estimates that are reasonable and prudent., state whether the Itnanclal statements have been prepared In accordance with the relevant financial reporting frameworf(, identify those standards, and noté the effect and the reasons for any material departur& from those standards. and prepare the financlal statements on the going concem basls unless it is inappropriate to presume that the charity will continue in operation. The trustees confirm that they havè complied with the above requlrements in preparing the financlal statements. The trustees are responslble for keeping adequate accountlng r6cords that are SLfficient to show and explaln th8 charity's transactions and disclose with reasonable accuracy at any time the flnanclal position of the charlty and enable them to ensure that the financial statements comply wilh The Companies Act 2006. They ar@ also responsible for safeguarding the assets of tho charity and hence for taking reasonab16 Steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 27 September 2024 and slgned on It8 behalf by: Maureen Ruddy Trustee
Ballybot Community Projects (A company limited by guarantee, not liaving a sharg capltal) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF BALLYBOT COMMUNITY PROJECTS We have examlnod the finanGial statements of the charity for the financial year ended 31 July 2024, which comprise the St81ement of Financial Activities lin¢orporating an Income and Expenditure Account), the Balanco 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 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements thatwe have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not acpt or assume responsibility to anyone other than the tharity gnd the charity's members, as a body, for our work, or for this report. Respectlve responsibllities of trustees and examlner The Charity's tru8tees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required forthis financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility lo.. examine the financial 8talements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under se¢lion 6519)(b) of the Charities Act., and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity financial statements as required under section 65 of the Charities Act and OUT examination was carried out in accordance with the general Directions given by the Charity Commis8ion for Northern Ireland under section 6519}(bl of the Chariti88 Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unysual items or disclosures in the financial statemenls and seeking explanations from the trustees concerning any such matters. The procodur8s undertaken do not provide all the evidence that would be required in an audit and consequenlly no opinion is given as lo whether the accounts present a 'true and fail view and the report is limit8d to those matter8 sel out in the stat8ment below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any materlal respect.. accounting records were not kept in accordance with section 386 of the Companie8 Act 2006 the financial statements 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 Companies Act2006 and with the methods and principles ofthe StatementofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement We have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Brendan Malone (FCAI Malone Accounling Chartered Accountants and Registered Audilors 12 New Street Newry County Down BT35 6JD Date: 27 September 2024
Ballybot Community Projects {A company Ilmlted by guarantee, not havlng a sharo capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expendlture Account) for the financial year ended 31 July 2024 Unrestrlct6d Restrlcted Funds Funds 2024 2024 Total Restricted Funds Funds 2024 2023 Total Funds 2023 Notès Income Charitab16 activitles Grants from govemments and other co- funders 10,000 10,000 Expendlture Charttable activities 10,026 10,026 Net Incomel(expendlture) (26) (26) Transfers beeen funds Net movement In funds for the flnanclal year (26) {26) Reconclllatlon of funds: Total funds beginning of the year 656 656 656 656 Total funds at the end of the year (26) 656 630 656 656 The Siatoment of Flnancial Activitles includes all gains and losses recognlsed in the financial year. All income and expenditure relate to continuing actlvities. The notes on pages 9 to 11 form part of the finandal slalements
Ballybot Community Projects (A company limlted by guarantee, not havlng a share capltal) Company Number: N1632S78 BALANCE SHEET as at 31 July 2024 2024 2023 Not88 Current As8et8 Cash at bank and in hand 630 10,656 Creditors: Amounts falllng due wlthln one year (10,000) Net Current A888ts 630 656 Total Assets less Current Llabllltles 630 656 Funds Restricted trust funds General fund {unrestricted) 656 {26> 656 Total funds 630 656 These financlal statements have been prepared in accordance with the speclal provlslons relatlng to Small companies within Part 15 ofthe Companies Act 2006. For the financial year ended 31 July 2024 the charity wa8 entitled to exemption from audit under sectlon 477 of the Companies Act 2006; and no notlce has boan deposll6d under section 476. The trustees Gonfimi that th& m6mb6rs have not raquired the company to obtain an audit of its financial statemants for the financlal year in question in accordance with section 476 of the Companles Act 2006. The trustees acknowledge thelr responslblllllos for ensuring that the charity keeps accounting records whlch comply with sectlon 386 and for preparing financial statements which give a true and fair view ofthe stste of affalrs of the charity as at the end of the financlal year and of Its profit and loss for tha financial year in accordance with the requirements of sections 394 and 395 and whlch othemise comply wlth tha requlremonts of the Companias Act 2006 relating to financlal statements. so far as applicable to the charity. The financial ststements have been prepared in accordance with the provisions appllcable to compan16s subject to the small companies, regim8 and in accordance with FRS 102 "The Financial Reporting Standard applicable In the UK and Republic of Irgland" applylng Sectlon 1 A of that standard. Approved by the Board of Trusteés and authorised for issuè on 27 Soptember 2024 and slgned on It8 behalf by Maureen Ruddy Trustee The note8 on pages 9 to 11 form part of the flnandal statements
Ballybot Community Projects IA company Ilmited by guarantse, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 July 2024 GENERAL INFORMATION Ballybot Community Projects is a company Ilmited by guarantee incorporated In Northern Iraland. The reglstered office of the company is Ballybot House, Newry, Co. Down, BT35 8BG which is also the prlncipal place of buslness ofthe company The financial ststements have been presented In Pound (£) whlch is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied conslst6nlly in dealing with items which aro considered material In relation to the charity's flnanclal statements. Ba818 of preparatlon The financial statements have been prepared on the going concern basls under the hlstoric81 cost convontion, modified to include G8rtain items at fair value. The financlal statements have been prepared In accordance with the Statement of Recommended Practice ISORP) "Accounting and Reportfng by Charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republlc of Ireland FRS 102" applylng Sectlon 1A of that Standard. As pemiitted by the Companies Act 2006, the charfty has varied the standard formats In that act for the Statement of Flnancial Activltles and th6 Balance Sheet. Departures from th6 Standard fomiat8 are to comply with the requirements of the Charltles SORP and are in compliance wlth sectlon 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financlal slatements of the charity for the financial year 6nded 31 July 2024 have been prepared on the going concem basis and in accordance wlth the Statement of Recommended Practice (SORP)'Accounfjng and Raporting by Charities preparing their account8 in accordance wEth the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102. applying Section 1A of that Standard. Fund accountlng The following are the categories of funds malntalned: Restrlcted funds Restricted fund8 represent income recelved whlch can only be used for particular purposes, as specified by tho donors. Such purposas are within the overall objectives of the charfty. Unrestricted funds Unrestrictèd fvnds conslst of General and Deslgnated funds. General funds represenl amounts which are expendable at the discretion of the board, in furtherance of the oblectlves of Ihe charfty. Designated funds comprise unrestricted funds that the board has, at its discretion, sel aside for particular pUOSe8. These designations have an admlnistralve purpose only. and do not legally restrtct the board's dlscretlon to apply the fund. Income Voluntary income or capitsl is included in the Statement of Flnancial Activities when the charfty Is16gally entitled to It, Its financial valu6 can be qu8ntified with reasonable certalnty and there is reasonable certainty of Its ultimate receipt. Entitlement to legacles Is consld&rad established when the charfty has been noUfl&d of a distributlon lo be made by the executors. Income received in advance of due perfomiance under a contract Is accounled for as deferred Income untll earned. Grants for activities are recognlsed as income when the related conditions for legal entltlement have been mal. All other income 18 accounted for on an accruals basls. Expendlture All resources expended are accounted for on an accruals basls. Charitable activltles include costs of SeiceS and grants, support costs and depreciation on related assets. Costs of gonerallng funds 8imilarly Include fundraising activities. Non-staff costs not attrlbuled to one category of activity are allocated or apportioned pro rata to the staffing of the relevant SeiCe. Finance, HR, IT and administrative staff cost8 are dlrectly attributsble lo Indlvldual actlvltles by oblocilve. Governance costs are those assoclated wlth constitutional and statutory requirements.
contlnued Ballybot Community Projects (A company Ilmlted by guarantee, not havlng a share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 July 2024 Cash at bank and In hand Cash at bank and in hand comprises cash on daposlt at banks requiiing less than three months, notice of withdrawal. Taxatlon No current or deferred tsxation arfses as tho charfty has been granted charitable exemption. INCOME CHARITABLE ACTIVITIES Unrestrlctsd Restrlcted Funds Funds 2024 2023 Grants from governments and other co-funders: Income from charitab16 activities 10,000 10,000 EXPENDITURE CHARITABLE ACTIVITIES Dlr6ct Costs Other C08ts Support Costs 2024 2023 Expenditure on charltable actlvltles 10,026 10,026 CREDITORS Amounts falling due withln one year 2024 2023 Accruals and deferred income 10,000 RESERVES 2024 2023 At the beginning of the year (DGficlt}ISurplus for th8 financial year 656 (26) 656 At the end of the year 630 656 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlct6d Restricted Funds Funds Total Funds At 1 August 2022 656 656 At 31 July 2023 Movement during the financlal year 656 656 (261 (26) At 31 July 2024 (26) 656 630 10
OnnUed Ballybot Community Projects IA company1Smlted by guarantee, not havlng a sharfr capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 July 2024 ANALYSIS OF MOVEMENTS ON FUNDS Balan¢e 1 August 2023 Income Expendlture Transfers between funds Balance 31 July 2024 Re8trlcted fvnds Restricted Unr68trlcted funds Unrestricted General 656 656 10,000 10,026 1261 Total funds 656 10,000 10,026 630 ANALYSIS OF NET ASSETS BY FUND Current assets Curront liabilltles Total Restricted trust funds 10,656 {10,000) 656 Unrestricted general funds (26) 126) 10,656 {10,026) 630 STATUS The charity is limited by guarantee not havlng a share capltal. Th6 liablllty of the members Is Ilmlted. Every m6mber of the company und6rtakes to contribute to the assets of the company in the evont of its being wound up while they are members, or within one year theroafter, for the payment of the debts and liabilltles ol the company contracted before they ceased to be members, and the costs, charges and @xpen8es of winding up, and for the adjustment of the rtghls of tha contributors among themselves, such amount as may ba required, not exceeding £ 1. RELATED PARTY TRANSACTIONS Durfng the current and prior year: No twstees received any remuneration or benefits in kind. No trustee expenses have been Incurred. 10. POST-BALANCE SHEET EVENTS There have been no significant events affectlng the Charfly slnce the flnanclal y6ar-and. 11