Company registration number: N1063172 Charity registration number= NICI 05697 Ballee & Harryville Community Enterprises (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023 DT Carson & Co. Chartered Accountants & Registered Auditors 51- 53 Thomas Street r4allymena Co. Antrim T43 6AZ
Ballee & Harryvlllc Community Enterprises Contents Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report Statement of financial Activities Balance Sheet Notes to the Financial Statements 9t019
Ballcc & Harryvillc Community Entcrpriscs Rcfcrcnce and Administrative Details Trustees Brian 14olmes -Chainnan Margaret McKeown Cyril Rainey Rodney Quigley Elizabeth Adgcr Tommy Nicholl James McIlroy Iris Smyth Diane Young Elizabeth Adger Sccretary Charity Registration Number NIC105697 Company Registration Number N1063172 The charity is incorporated in Northern Ireland. 20 Antrim Road Ballymena Co Antrim BT42 2BJ Registered Office Principal Office 20 Antrim Road Ballymena Co Antrim IIT42 2BJ Independent Examiner DT Carson & Co. Chartercd Accountants & Registered Auditors 51 53 Thomas Street Ballymena Co. Antrim B T43 6AZ Solicitors: Sara Edge Solicitors 4 Ballymoney Rd. Ballymena BT43 5BY Bankcrs Bank of Ireland-until 10th July 2023 275-279 Antriin Road Glengormley County Antrim BT36 7QN Ulster Bank-From l Oth July 2023 49 Wellington Street Ballymena County Antrim B T43 6AD Page I
Ballee & Harryville Community Entcrpriscs Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023. Structure, governance and management Ivalure ofgoveriiiiig docunienl Ballee & Harryville Community Enterprises Ltd is a private company limited by guarantee and is also a recognised charity. The Charity is governed by an Execulivc Board which meet on a regular basis throughout the year. The Trustees are responsible for preparing the Ti'ustees. Annual Report and the financial statements in accordance with applicable law and regulations. Major risks oiid mnnugemeiil oftliose risks Risk Ma*Yagemenl The Trustees have carried out a review of the major risks to which the company is exposed and a Risk Management Policy will be agreed to identify, monitor and control those risks. Objectives and activities Objecls nncl aims The principal activity of the company is the management and rental of Ballee & Harryville Community Enterprises Ltd units and the provision of room hire. Ballee & FIarryville Community Enterpi'ises is made up of community representatives from the 13allee and Hai'ryvillc wards, as well as local business and council representative5. 1.he board works to provide a range of workspace units in the arcd that local businesses can rent as 2 base in the area. Profits from rental of the units are then returned back inlo the community for projects by the local groups. The objects of the Company shall be the promotion for the public benefit of urban regeneration in the Harryville and Ballee areas of Ballymena, being an area of social and economic deprivation, by all or any of the following mean5- (i) the relief of unemployrnent in such ways as may be thoughi fit, including assistan¢c to find employmenl. (ii) the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed p¢ople with work experience. (iii) the creation of training and employment opportunities by the provision of workspace, buildings andlor land for use on favourable tcmis. (iv) such other purposes of an exclusivcly chai-itable nature as the Trustees may from time to time in thcir sol¢ and absolute discretion detennine. Piiblic benefit In setting the objectives and planning the activities for the year trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public beT)¢fit to ensure that the activities have helpcd to achievc the Chai-ity's pUOSeS and provide a benefit to the beneficiaries. Public benefit includes a rise in employment in Ballee & Hanyville both areas having been described as deprived areas with a high uncmploymcnt rate. This rise in ¢mployment is aided by the range of workspace units provided by Ballee & Harryville Community Ente4)rises Ltd and used in the local area. the incr¢as¢ in education and skills in the residents of both Ballee & 14arryville and the onslte work experience and training organised by Ballee & Harryville Community Enterprises Ltd. 13allee & Harryville Community Enterprises Ltd also produces a wide rangc of direct benefit5 including projects that benefit the area on a community level. Ballee & Harryvill Community Enterprises Ltd provide funding to the local community created in the profit made through the workspace units. This fvnding has been used for events, community development, health initiatives and running costs for community groups. The beneficiaries of the purposes are local residents of Ballee and Harryville wards. Page 2
Ballee & Harryvillc Community Entcrprises Trustees, Report The trustees confirrn that they have complied with ihe requirements of section 4 OF the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Social inveslmeiilpolicies Besides the general public the charity helps in specific areas of deprivation and in ihe voluntary and community sector. Financial review Review of financial position. The total unrestricted incoming resources for the year amounted to £64,116 with expenditure of £54,518 resulting in a net increase of unrestricted funds of £9,598 (2022 dccrease £66,802) befoTC a transfcr from restricted funds of £37,293 (2022 £88,364). This leaves unrestricted ndS of £316,618 (2022: £269,727) at the year end. Policy on reserves Unrestricted ffinds are Considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise and fulfil the legal obligations of the charity. The Charity's policy is to maintain a level of free reserves suffieicnt to cover such c05ts."fhe calculation of the required level of reserves is an integral part of Ballee & Harryville Community Enterprises's planning, budget and forecast cyclc. PTeviously the trustees agreed that it was advisable to hold an amount in excess of £50,000 in unrestricted funds to enable thern to cover expenditure to allow the company to continue at its current level of activity before paying out a dividend to the two member groups foi" colnUnItY puryoses. However no further payment of dividends will be made at present until the amount of grant clawback had been agreed by the Mid and East Antrim Boroiigh Council following the sale of the Wind Turbine sites. Plans for future period5 Aclivilies pluiineil lo acliieve ainis Ballee & Harryville Community Enterpi-ises plans to continue to stimulate and sUPPOrt economic and enterprise developmcnt in th¢ neighbourhood renewal area of Ballymena South and also make a significant contribution towards Mid and East Anli"im13orough Council Community Plan and Economic Development Strategy. The wind turbine project has now come to an end and Ballee & Harryville have sold both wind iurbine sites. Trustees and officers The trustees and offi¢eTS serving during the year and since the year end were as follows: Page 3
Ballce & Harryvillc Community Enterprises Trustees, Report Trustees: Brian FIolmes -Chairn]an Alan francey (Resigned 30 August 2022) William McDowell (Resigned 29 November 2022) William Millar (Resigned 19 May 2023) Margaret McKeown Cyril Rainey Rodney Quigley Elizabeth Adger Tommy Nicholl James McIlroy Iri5 Smyth Diane Young Secretary.. Financial instruments Elizabeth Adger Objectives andpolicies The charity's activitie5 expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for spcculalive purposes. Credit risk The charity's principal financial assets are bank balanccs and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable lo its ts'ade rcceivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. The charity spreads its exposure to risk by having a mix of income. Liquiilily risk In order to maintain liquidily to ensure that sufficient funds are available for ongoing operations and future developments, the charily uses a mixture of long-term and short-tenn debt finance. rurther details regarding liquidity risk can be found in the Statement of accounting policies in the financial 5talcments. Funds held as custodian trustce on behalf of others Included within current assets and creditors are amounts totalling £2,020 related to tenant deposlts held by the charity. These amounts have been ring-fenced by the trnStees and may be repaid to the tenants upon satisfactory completion of theii. renlal contracts. As such the trustees have decided not to spend these funds and there is no effect on the net a55ets figures. Page 4
Ballce & Harryvillc Community Enterprises Trustees, Report Going concern The trustees a55ess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. I'he trustee5 make this assessment in respect of a period of one year from the date of approval of the financial statements. At the time of approving the accounts the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees Continue to adopt the going concern basis of accounling in preparing these financial statements. Statement of trustees, responsibilities The trustees (who are also the directors of Ballee & Ilarryville Community Enterprises for the purposes of Company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 The financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial Statements unless they are satisfied that they give a true and fair view of the statc of affairs of the charitable company and of the incoming resoui'ces and application of rcsources, including its income and expenditure, of the charitable coinpany for that period. In pi'eparing these financial statements, the trustees are required to- select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP. make judgements and estimatcs that are rcasonable and prudent. state whether applicable accounting 5tandard5, comprising FRS 102 have been followed, subject to any material departures disc105ed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of thc charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding thc assets of the charilable company and hence for laking Teasonabl¢ steps for the prev¢ntion and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity of the corporate and financial inforrnation included on the charitable company's wcb51te. Legislation governing the pi-eparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustee5 of the charity on 28 November 2023 and signed on its behalf by- Brian Holrnes -chairnn Trustee Page 5
Ballec & Harryville Community Enterprises Independent Examiner's Report to the trustees of Ballee & Harryville Community Enterprises ('the Company,) I report to the charity trustees on my examinalion of the accounts of the Company for the year ended 31 March 2023. Responsibilities and basis of report As the charity's trustees of Ballee & Harryville Community Enterprises (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of Ballee & Harryville Community Enterprises are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I repoit in respect of my examination of your charity's accounts as carried out under section 65 of the Charities Act (Northern Ireland) 2008. In carrying out my examination I have followed the Directions given by the Charity Commission under section 65(9)(b) of the Charities Act. Independent examincr's statement Since the Company's gross income exceeded £250,000 your examiner must be a rnelnber of a body listed in section 145 of the 2011 Act. I confinn that I am qualified to undertake the examination because I am a member of DT Carson & Co, which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the eximination giving mc cause lo believe.. accounting rccords were not kept in respect of Ballee & Ilarryville Community EnteriseS as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records. or 3. the accounts do not comply with thc accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities prepuing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have coine 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 accounts to be reached. James Wallace Chartered Accountants & Registered Auditors DT Carson & Co 51- 53 Thomas Street Ballymena Co. Anirim FJT43 6AZ 28 November 2023 Page 6
Ballcc & I.larryvillc Community ntcrpriscs Statement of Flnancial Activities for thc Year Endcd 31 March 2023 (Including Income and Expcnditurc Account and Statement of Total Recognised Gain5 and Losses) Unrestricted funds Rc5tricted funds Total 2023 Notc Income and Endowments from: Charitable activities 64.116 469.715 533,831 Total income 64,116 469,715 533,831 Expenditurc on: Charitable activities {54,518) 429,377) (483,895) Total expenditure (54,518) (429,377) (483,895) Net income Transfers between funds 9,598 37,293 40,338 {37,293) 49,936 Net movement in funds 46,891 3.045 49,936 Rcconciliation of funds Total ndS brought fonvard 269,727 490,570 760,297 Total funds carried forward 14 316,618 Unrestricted funds 493.615 Rcstrictcd funds 810,233 Total 2022 Note Incorn¢ and Endowmcnts from: Charitable activities 69,228 59,285 128,513 Total income 69,228 59,285 128,513 Expenditure on: Charitable activities (136,030) (107,964) (243,994) Total expenditure (136,030) (107,964) (243.994) Net expenditure Transfers between funds (66,802) 88,364 (48,679) (88,364) (115,481) Net movement in funds 21,562 (137,043) (115.481) Reconciliation of funds Total fiinds brought fonvard 248,165 627,613 875,778 Total fijnds carried fonvard 14 269,727 490,570 760,297 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 14. The notes on pages 9 to 19 fonn an integral part of these financial statements. Page 7
Ballcc & Harryvillc Community Enterprises (Registration number: N1063172) Balance Sheet as at 31 March 2023 2023 2022 Note Fixcd assct5 Tangible assets 402,953 852,747 Currcnt asscts Debtors Cash at bank and in hand io 606.468 220,186 23,118 172,602 826,654 195,720 Creditors: Amounts falling due within one year 12 (419,374) (288,170) Net current a5setsl(liabilities) 407,280 (92,450) Net asscts 810.233 760,297 Funds of the charity: Restricted income funds Restricted funds 14 493,615 490,570 Unrcstrictcd income funds Unrestrictcd funds 316,618 269.727 Total funds 14 810,233 760,297 For the financial year ending 3 l March 2023 ihe charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The member5 have not required the Charity to obtain an audit of its accounts for the year in question in accordance with section 476- and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 7 10 19 were approved by the trustees, and authorised for issue on 28 November 2023 and signed on their behalf by: Brian FIolmes -Chaim]an Trustee The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2023 I Charity statu5 The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is- 20 Antrim Road Ballymena Co Antrim BT42 2BJ These financial statements were authorised for issue by the trustees on 28 November 2023. 2 Accounting policies Summary of significant accounting policies and key accounting estimatcs The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statcmcnt of compliance The financial stateinents have been prepared in accordance with Accounting and Reporting by Charities: Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the rinancial Reporting Standard applicable in the UK and Republic of ireland {FRS 102) (effective l January 2019) - (Charilies SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Ballee & Ilarryville Community Enterprises meets the definition of a public benefit entity under FRS 102. Basis of preparation Asscts and liabilities are initially r¢¢ognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1. Going conccrn The financial statements have been prepared on a going concern basis as the trust¢¢s consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant arcas of uncertainty that affect the carrying value of assets held by the charity. The trustees have considered both the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. Excmption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page 9
Ballee & Harryville Community Entcrpriscs Notes to the Financial Statements for the Year Endcd 31 March 2023 Judgements The preparation of the financial statements requires rnanagernent to make judgements, estimates and assumptions that affect the application of accounting policies and the reported arnount of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estimation uncertainty Tangible Fixcd assets Tangible fixed assets are depreciated over their use1 economic lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as maintenance programmes and technological innovation are taken into accoiint. Residual value assessments consider issues such as future market conditions, the remaining lifc of the asset and projected disposal values. The carrying amount is £402,953 (2022 -£852.747). Income and endowmcnt5 All incoine is recognised once there is a legal or constructive obligation to that income after any perforn]ace conditions have been met, the amount can be me2sured reliably and it is probable that income will be received. All income is allocated to the applicable income heading that aggregate similar income to that category. Graiils receivable Grants are recognised when the charity has an entitlement to the ndS and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met. the income is re¢ognised as a liability and included on the balance shcet as deferred income to be rcleased. oilier Irftdiiig oclivilies The charity generates rcntal incomc by utilising the business workspace to further its primary aims and objectives. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable ¢xpenditui-¢ heading that aggregate similar costs to that category. Where costs cannot be directly attributed to paiticular heading5 they have been allocated on a basis consistent with the use of resources, with central stsff costs allocated on the basis OF time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Cliarilable aclivilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 10
Ballec & Harryvillc Community Entcrpriscs Notes to the Financial Statcmcnts for thc Year Endcd 31 March 2023 Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to chai'itable purposes. Dcpreciation and amortisation Depreciation is Provided on tangible fixed assets so as to write off the cost or valuation, less any estimated sidual value, over their expected useful economic life as follows.. Asset cla55 rreehold Land and Buildings Wind Turbine Depreciation method and rate 40/0 Straight line basis I 00/0 straight line basis Impairment or rixed assets The company assesses at each i'cporting datc whether tangible fixed assets are impaired Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Ti'ade debtors are Tecognised initially at the transaction price. They are subsequently measured at amortised cost using the effective intci'est inethod, less provision for impairment. A provision for the impairment of trade debtors is established when thei'e is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash cquivalcnts Cash and cash equivalents comprise cash on hand and call deposits, and other short-terin highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are Classified as current liabilities if the charily doe5 not have an unconditional right, at the end of the reporting period, to dcfer seltleinent of the creditor for at least twelve months after the reporting date. If ther¢ is ali unconditional right lo defer seltleinent for at least twelve months after the reporting date. they are presented as non-current liabilities. Page 11
Ballee & Harryvillc Community Enterprises Notes to the Financial Statements for thc Year Ended 31 March 2023 Borrowings Intercst-bcaring borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference bctwcen the proceeds, net of transaction costs. and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structurc Unrestricted income ndS are general ndS that are available for use at the tSteeS discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Financial instruments Classificiilion rinancial assets and financial liabilities are recognised when the charity becomes a paty to the Contractual provisions of the instrument. Financial liabilities and equity instriiments arc classified according to the substance of the contractual arrangements entered into. An equity in5trumcnt is any contract that evidences a rcsidual interest in the assets of the charity after deducting all of ils liabilities. Recogiiilion aiiil meosuremeiil All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss. which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangcment constitutes a financing transaction. If an arrangement CODStitutes a financing transaction, the financial asset or financial liability is measured at the present value of the tUre payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the staternent of financial position when. and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise Ihe asset and settlc the liability simultaneously. rinancial assets are dcrecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are seiiled. b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some. but not all, significant risks and rewards of ownership. has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 12
Ballee & Harryvillc Community Enterprises Notes to the Financial Statemcnts for the Year Ended 31 March 2023 3 Income from charitablc activities Unrcstrictcd fund5 Gencral Ilestricted runds Total 2023 Total 2022 Rental Income Service Charge Good Morning Programrne-community Safely Partnership Communily Cluster Progranyne-mid & East Antrim Borough Council Community Cluster Programme-DSD Awards for Northern Ireland Wind Turbine Renewable Energy Project 54,180 9,936 54,180 9,936 58,992 9.936 905 905 18,406 18,406 18,193 16,948 16,948 16.366 300 433,456 433,456 24,726 64,116 469.715 533,831 128.513 Page 13
Ballee & Harryville Community Entcrpriscs Notes to thc Financial Statcmcnts for the Year Ended 31 March 2023 4 Expenditure on ch2rit2ble activities Unrcstricted Total 2023 Total 2022 GencTal Rcstricted Rent collection fee Sundry expenses Accountancy fees Bank charges Bad debts written off Light, heat and power Insurance Building maintenance and service upkeep Good Morning Programme-community Safety Partnership Community Cluster Programine-mid & E4ast Antrim Borough Council Community Cluster Programme-DSD Technical Assistance Renewable Energy Project Depreciation of frechold prop¢ty Depreciation of plant and machinery 5,418 1,889 2,300 312 276 3,458 4,365 5,418 1,889 2,300 312 276 3,458 4,365 5,378 389 2,230 308 481 3,682 3,938 465 905 905 18,503 18,503 18,327 16.948 16,948 16,366 393,021 393,021 36,500 73.271 36,500 36.500 82,659 54,518 429,377 483,895 243,994 £54,518 (2022 - £136,030) of the above expenditure was attributable to unrestricted funds and £429,377 (2022 - £107,964) to restricted funds. Page 14
Ballce & Harryvillc Community Enterprises Notes to the Financial Statcmcnts for the Year Ended 31 March 2023 5 Net incomingloutgoing resources Net incoming/(outgoing) resources for the year include- 2023 2022 Accountancy services Depreciation of fixed assets 2,300 36,500 2,230 119,159 6 Trustees remuncration and cxpenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. 7 Staff costs The monthly average numbcr of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2023 2022 Administration No employee received emoluments of more than £60,000 during the year. Page 15
Ballee & Harryville Community Enterprises Notes to the Financial Statements for thc Ycar Ended 31 March 2023 8 Taxation The charity is a registered charity and is therefore exeKnpt from taxation. 9 Tangible fixed a5SCts Land and buildings Other tangibl¢ rixed asset Total Cost At l April 2022 Disposals 912,487 826.590 (826,590) 1,739,077 826,590) At 31 March 2023 912,487 912,487 Dcprcciation At l April 2022 Chargc for the year Eliminated on disposals 473,035 36.499 413,295 886,330 36,499 (413.295) (413,295) At 31 March 2023 509,534 509,534 Net book value At 31 March 2023 402,953 402,953 At 31 March 2022 439,452 413,295 852,747 Page 16
Ballee & Harryville Community Enterpriscs Notcs to the Financial Statements for the Ycar Endcd 31 March 2023 10 Debtors 2023 2022 Trade debtors Prepayments Other debtors 5,594 367 600.507 5,869 600 16,649 606.468 23,118 I I Cash 2nd cash equivalents 2023 2022 Cash at bank 220,186 172,602 BAlanccs hcld by thc charity that arc not availablc for use by the charity 2023 2022 Balances held by the charity that are not available for use by the charity 2.020 Included within cash are amounts relating to tenant deposils held by the charity. These amounts have been ring-fenced by the trustees and may be repaid to the tenants upon satisfactory completion of their rental contracts. As such. thc trustees have decided not to spend these funds and included a corresponding creditor in the financial statements and as such there is no effect on the net assets figure. 12 Crcditors: amounts falling due within one year 2023 2022 ank loans VAT grant repayable Other creditors Accruals 237,865 2,671 2,020 45,614 2.211 405.994 11,169 419,374 288,170 Creditors due within one year includes the following liabilities. on which security has been given by the charity: 2023 2022 Charity Bank 237,865 Page 17
Ballcc & Harryville Community Entcrprises Notes to the Financial Statements for the Ycar Ended 31 March 2023 The Charity Bank Limited held a charge over Ballee and Harryville Business Centre, 20 Antrim Road, Ballymena, BT42 2BJ, regislercd and comprised in land registry folio number AN 2091991 County Antrim. The charge contained a negative pledge. As security for the payment or discharge of all moneys obligations and liabilities, Ballee & Harryville Community Enterprise Ltd as legal and beneficial owner, ¢harged to the Charities bank all present and future leaseholdlfrechold property. The charge also contair)ed a fixed charge, and a floating charge. The floating charge covered all the property or undertaking of the company. The charge contained a negative pledge. The Charity Bank loan was repaid during the year end from the proceeds of the sale of the first wind turbine site. The three charges were all satisfied in full on 161612023. 13 CoDtingent liabilities Following the sale of the final wind tiirbine site, a grant clawback by the Mid & East Antrim Borough Council has been provisionally agi'¢ed but is still awaiting full council approval, The amount provisionally agreed has been provided for the estimated clawback. 14 Funds Balance at 31 March 2023 Balance at I April 2022 Incoming resourccs Resources ¢xpended Transfers Unrc5trictcd funds Geiierftl Rcnlal incorne and service charge 269,727 64.116 (54,518) 37,293 316,618 Restricted fund5 Radius Housing Funding - Networking Event Community Cluster Programme-mid & East Antrim Borough Council Community Cluster PTogramme-DSD Renewable Energy Project Property Grant Fund Children In Need Wind Turbine Capital Investment Renewable Energy Project 905 (905) 18,406 {18,503) 97 16,948 433.456 (16,948) (393,021) (185.159) 416,013 4,180 255,536 (37,390) 110,812 378.623 4,180 255,536 (255,536) Total r¢stricted funds 490.570 469.715 (429,377) (37,293) 493,615 Total funds 760,297 533,831 (483.895) 810,233 Page 18
Ballec & Harryville Community Enterpriscs Notes to the Financial Statements for thc Ycar Endcd 31 March 2023 Balance at 31 March 2022 Balancc at I April 2021 Incoming rcsources Resources expended Tran5fcr5 Unrestricted funds General Rental income and service charge 248,165 69,228 (136,030) 88.364 269,727 Restricted Community Cluster Programrne-mid & East Antrirn Borough Council Community Cluster Programme-DSD Renewable Energy Project Property Grant Fund Children In Need Wind Turbine Capital Invcstmcnt Renewable Enei'gy Pi'oject 18,193 (18.327) 134 16,366 24,726 {16,366) {73,271) (136,614) 453,403 4,180 (185.159) 416.013 4.180 (37,390) 306,644 (51.108) 255,536 Total restricted funds 627,613 59,285 (107,964) (88.364) 490,570 Total funds 875,778 128.513 (243,994) 760,297 15 Non-adjusting Cvents after tlic flnallcial period rollowing the sale of the wind turbines, sites, a grant clawback by the Mid & East Antrim Borough Council has been provisionally agi-eed and pi-ovided for in the financial slalcmcnls, however Ihc amount of clawback is still awaiting full council approval. An amount has been set aside for payment to the South, West and East Clustei's Ind the remainder of the funds will be retained in the Renewable Energy Project until the giant clawback by the Mid & East Antrim Borough Council has been agreed. Once agreed the remainder in the Renewable Encr8y Project will be transf¢LTed to unrestricted funds to be retained for Ballee and Harryville Community Enterprises for furihcr endeavours. Page 19