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 pU￿OSeS 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" col￿nUnItY 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 -chairn￿n
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 Ente￿riseS 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 use￿1 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 t￿SteeS 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