Ballee & Harryville Community Enterprises
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restricted
fund5
Total
2024
Note
Income and Endowments from:
Charitable activities
66.607
21,205
87,812
Total income
66,607
21,205
87.812
Expendlturc on:
Charitable activities
(52,166
21.922)
74,088)
Totsl ¢xpcndilurc
52.166)
(21.922
74,088
Net in¢omel(expenditure)
Transfers bctwccn funds
14,441
36,130
(717)
(36,130)
13.724
N¢1 mov¢mcnt in funds
50,571
{36,847)
13,724
Reconclllatlon of funds
Total funds brought forward
316,618
493.615
810.233
Total fiJnds carried forward
14
367,189
Unrestrlcted
funds
456,768
Restrlcted
funds
823.957
Total
2023
Note
Income And Ei ndowments from:
Cliaritsble aclivilies
64,116
469,715
533,831
Total income
64,116
469,715
533.831
Expendlture on:
Charitable activities
54,518
429,377
(483,895)
Totsl expenditure
54,518
429,377
483,895)
Nel income
Transfers between funds
9,598
37,293
40,338
(37.293)
49,936
Net mov¢mcnt in ￿ndS
46.891
3,045
49,936
Reconclllatlon of fund$
Total funds brought forward
269,727
490.570
760,297
Tothl funds carried forward
14
316.618
493,615
810,233
All of the charity's activities derive froin ¢ontinuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 14.
The notes on pages 9 to 18 fonn an integral part of these financial statements.
Page 7

Ballee & Harryville Community Enterprises
(Registration number: N1063172)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
366,453
402,953
Current assets
Debtors
Cash Rt bank and in hand
10
28.617
450,034
606,468
220.186
478,651
826,654
Creditors: Amounts fAlllnE due wlthln one year
12
21.147
419,374)
Net eurrent Assets
457.504
407,280
Net asset5
823.957
810,233
Funds of the charlty:
Restrlctcd Income funds
Reslricled fvnds
14
456,768
493.615
Unrestricted income funds
Unrestricted funds
367,189
316,618
Total funds
14
823,957
810,233
For the financial year ending 31 March 2024 the charity was entitled to exemption from Yludii under section 477
of the Companies Act 2006 relaling 10 small companies.
Directors, responsibilities:
The members have not required the charity to obtain an audit of its accounts lor the year in question in
accordance with seciion 476. and
The directors a¢knowled8c their responsibilities for complying wilh the requircm¢nts of the Act wilb respect
to accounting records and the preparation of accounts.
Tlie financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 26
November 2024 and signed on tlieir behalf by:
rian Holme5 -Chairnian
Trustee
The notes on pages 9 10 18 forni an integr41 part of these financial statements.
Page 8

Ballee & Harryville Community Enterprises
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
The charity is limited by guarantee. in¢orporaled in Northern Ireland, and consequently does not have share
capilal. Each of the trustees is liable lo contribute an amount not eK¢eeding £l towards the assets of the charity
in the event of liquidation.
The address of its registered office 15..
20 Antrim Road
Ballymen&
Co Antrim
BT42 2BJ
These financial stalcment5 were authorised for issue by the tNstees on 26 Novcmber 2024,
2 Accounting pollclcs
Summary of slgnlflcAnt sccountlng pollcles and key accountlng cstlniatcs
The pi'incipal accounting policies applied in the preparation of Ihcsc financial stat¢m¢nls are s¢t out below.
These policies havc been consislcntly applied to all thc ycars prcsented, unl¢ss olherwise slated.
Stat¢m¢nt of ¢ompllance
The financial 5tatemen15 have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with th¢
Financial R¢portiiis Standard applicable in the UK and Republic of Ircland (FRS 102) (effective l January
2019) - (Charities SORP (FRS 102)), tlie Financial Reporiing Standard applicable in the UK and Republic of
Ireland (FRS 102). They A150 comply with (he Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Ballce & Flarryville Community Enterprises mects Ihc definition of a publi¢ benefit entity under FRS 102.
Bnsls of pr¢parJtlon
Assets and liabilities are initially re¢ognis¢d al historical cost or transaction value unless otherwise slated in the
relevant accounting policy notcs.
Tlic prcsenlation currcncy of Iliese financial statements is sterling. All amounts in the financial statemcnls have
been roundcd lo Ilie nearest £1.
Going concern
The financial statements have been preparcd on a going conccrn basi5 as the tnisle¢s ¢onsider that tliere are no
material unccrtainties abolit th¢ charity's ability to continuc as a going ¢oThcern nor any significant areas of
unccrtainty that affect thc carrying valuc of assets held by th¢ charity- The Irustces have considered both tho
Ici'el of funds held ai)d the expccted level of incomc and ¢xp¢nditure for 12 inonths from aulhorising thcsc
financial statements.
Exemptlon from preparlng n Cash flow statement
The charity opted to early adopt Bulletin I published on 2 February 2016 and have tliercfore not included a casli
flow statement in these financial slalcments.
Page 9

Ballee & Harryville Community Enterprises
Notes to the Financial Statements for the Year Ended 31 mai.ch 2024
Judgements
I'he preparation of the financial statements requir¢s nianagenient to make judgements, e5tiniates and
assumptions that affect the application of accounting policies and the reported amount of as5els and liabililies,
income and exp¢n5e5. The estimates and associated assumptions are based on historical experience and othcr
ractors that are considered lo be relevant. Acbjal results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basi5. Revision5 to accounting estimates
are recognised in Ihc period in which ihe estimate is revised wherc the revision affc¢ts only that period, or in the
period of the revisioli and future periods where the revision affects both current and future periods.
Key sources of estimatlon ui)certalThty
Tangible Fixed assets
Tangibl¢ fixed assets are depreciated over their useful economic lives taking into account residual values. where
appropriate. The 4¢tual live5 of the assets and residual values arc llssesscd annually 3nd may vary dcpcnding on
a number of factors. In re-assessing asset Iivc5, factor5 such a5 tnaintenance programmes and technological
innovation are taken into account. Residual value assessments consid¢r issues such as future market condition5,
the remaining life of the asset f4nd projected disposal valugs. The carrying amount is £366,453 (2023
-£402,953).
Income and endowments
All income is re¢ogniscd once there is a Icgal or constructive obligation to that in¢onie aftcr any perforniacc
conditions have been mcl, Il)c umount can bc in¢asur¢d rcliably uii(i il is probabl¢ ihal incomc will bc received.
All incoine is allocaled to the applicable iiiconie beading that ag8regate similar inconie to that calegvory.
Grants recelvabl¢
Gi'ants are recognised whcn thc charity lias an entitlemcnt to the funds and any condition8 linked to the grants
havc been met. Wliere perfonnance conditions &rc atlachcd to thc grnnl and are yet to be met. the income is
rccognised as a liability and includcd on th¢ balanc¢ sheet as deferred income to bc rclcascd.
Otli¢r tra(ling actlvilies
The charity gencrates rental income by utilising the business workspace to further its primary aims and
objectives.
Expendlture
All expenditure is recognised once there is a legal or const￿Clive obligation to tliat expenditure, it is probable
settlement is requir¢d and the arnounl can b¢ measured reliably. All costs are allocated to the applicable
expendittire heading that aggregate similar costs to that category. Wliere cos15 cannot be directly atli'ibuted to
particu174r headings they liave been allocated on a basis consistent with the use of rc50urces, with Central staff
Costs allocatcd on the basis of lime spent. and depreciation charges allocated on th¢ portion of th¢ asset's use.
Oilier support costs are allocated based on tlie spread of staff costs.
Cliarltable acilviiles
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for ils beneficiaries. It includes boih costs that can be allocated direcily to such activities and those costs of an
indircct nature necessary lo support them.
Page 10

Ballee & Harryville Community Enterprises
Notes to the Financial Statements for the Year Ended 31 March 2024
Tgxgtlon
The charity is considered lo pass the tes15 set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meelB the definition of a charitable cornpany for UK corporation tax purpose5. Accordingly, the
charity is potentially exeinpt from laxation 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
Gaiiis Act 1992. to the exient that such income or gains are applied exclusively to charitable purpose5.
Depreclatlon and amortisation
Depreciation is providcd on tangible fixed assets so as to write off the cost or valuation. less any estimated
residual value, ovcr their expcclcd use￿] economic life as follows:
A55et class
Frcchold Land and Buildings
Depre¢l•tion method and rAte
40/0 Straight line basis
Impalrment of flxed assets
Th¢ Gompany assesses at each reporting dale whether tangible fixed assets are impaired
Trade debtors
Trade debtors are amounts due from customers for s¢rvi¢es perfonn¢d in the ordinary course ofbusiness.
Trade debtors are recognised initially at the transaction price. They ￿￿ subsequently measured at amortised cost
Using the effective interest method, le55 provision for irnpairnienl. A provision for the impainnent of trade
debtors is established when there is objective evidence that the eharily will not be able to collect all amounts due
according to the original temls of the re¢¢iv8bles,
Cgsh Ind eash oqulvalents
Cash and c8sli equivalents comprise cash on hand and call d¢posits, and other short-lerm highly liquid
investments that Rrc readily convertible lo a known amount of cash and are subjcct to an insignificant risk of
change in value,
Trad¢ ¢redltors
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 Glassified as current liabilities if the ¢harity does not have an
unconditional right, at (he end of the reporting period, to defer settlement of thc creditor for at least twelve
months after the reporting dale. If there is an unconditional right to defer seltleiiient for at l¢as¢ twelve months
after the reporting date, they are presented a5 non-current liabilities.
Borroivlngs
Inlere¢t-bearing borrowings are initially recorded at fair value, net of transaction costs. Inlere5t-bcaring
borrowings are subsequently carried at amortised cost, with the difference between the procccds, nct of
transaction costs. and the amount due on redemption being recognised as a charge to the Statcmenl of Financial
A¢liviti¢s over the period of the relevant borrowing.
Interest expense is recognised on the basis of the etTective interest melliod and is included tn interest payable
and similar charge5.
Borrcwing5 are classified as current liabilities unless the charity has an un¢onditional right to defer settlement of
the liability for at least twelve month5 after the reporting date.
Page 11

Ballee & Harryville Community Enterprises
Notes to the Financial Statements for the Year Ended 31 March 2024
Fund structure
Unreslricled income fuiids are general funds that are available for use at the trustees discretion in fijrtherancc of
the objectives of the charity.
Restricted incoine funds are those donated for use in a particular area or for specific purposes, the use of which
is restricted to that arca or purpose.
FinanclAI instruni¢nts
Clnssificalioii
Financial assets and financial liabilities are recognised when the charity becomes a party lo the contractual
provisions of the inslrumenl.
rinancial liabilities and equity instruments are classified according lo the substance of the contractual
arraiig¢menls eiilered into. An equity instrumcnt is any contract that cvidcnces a residual interest in the assets of
the charity after deducting all of its liabilities.
Jiecognilion dnd iiieasmieiiieiil
All finan¢i81 asscls and liabilities are initially measurcd al transaction pricc (including trons8¢1ion costs). except
for those financial assets ¢lassificd a5 al fair value Ilirougli profit or loss. which are initially measured at fair
value (which 1.8 nonnally the transaction price excluding transaction costs). unless tlie arrangemenl constitules
rinancingy Iransaction. Ir an arrangemenl constitutes 8 financing transaction, the financial assel or financial
Iiabilily is measured at the pi'esciit value of the ￿tUre paymeills discounted al a niarkel rale of interest for
similar dcbt instrument.
Financial assets And liabilities are only offset in the statement of financial position when, and only when there
exists a legally enforceable Tight to scl off the rccogni5ed amounts and the charity inlends either lo settle on a
net basis, or to realise the assct and setilc tlie liability 5iniultaneous1y.
Finan¢i&l assets arc derecognised when and only when a) the coiitracbjal rights lo the Cash flows from the
financial asset expire or ar¢ 5ciilcd, b) thc charity transfers lo another party substantially all of the risks and
rcward5 of ownership of Ilic financial assct, or c) Ihc charity, despite hllving retained Some, but nut all,
Significant risks and rewards of ownci-5hip, has ttan5ferrcd control of thc asset lo anoilier parly.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancclled
or expires.
Page 12

Ballee & Harryville Community Enterprises
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from chArltable aetlvitles
Unrestricted
fund5
General
Restrleted
funds
Total
2024
Total
2023
Rental In¢ome
Service Charge
Good Morning
Prograinme-community Safety
Partnership
Conllllunity Clustcr
Progran]me-Mid & East Antrim
Borough Council
Community Cluster
Programmc-DSD
Sundry Income
Wind Turbine Ren¢wablc Energy
Project
53.963
9,893
53,963
9,893
54,180
9,936
905
15,446
15,446
18,406
5,759
5,759
2,751
16,948
2.751
433.456
66.607
21.205
87.812
533,831
Page 13

Ballee & Hari"yville Community Eiiterprises
Notes to tlie Financial Statements for the Year Eiidcd 31 March 2024
4 Exp¢Nditui'e on ¢liaritRble activities
Unrestricted
Total
2024
TotAI
2023
Cenerol
Restricted
Rcnl collection fee
Sundry expenses
Accounlancy fees
Bank charges
Dud debts WTitten o£T
Liglit, heat and power
Insurance
Good Moming
Programrne-comniunity Safely
Partnership
Community Cluster
Programme-mid & East Anlrim
Borough Council
Community Cluster
Pro8rsJmmc-DSD
Technical Assislllnce Renewable
Energy Project
Dcprcciation of freehold property
5,396
17
2,370
101
5,396
17
2.370
loi
5,418
1,889
2,300
312
276
3.458
4,365
2,809
4,973
2,809
4.973
905
l5,451
l5.451
18,503
7,014
7.014
16,948
(543)
(543)
36.500
393,021
36,500
36,500
52,166
21,922
74,088
483,895
£52,166 (2023 £54,518) of tlie above expenditure was allribulable to unrestri¢ted funds And £21,922 (2023
£429,377) lo restricted funds.
Page 14

Ballee & Harryville Community Enterprlses
Notes to the Financial Statements for the Year Ended 31 March 2024
5 N¢t Incomingloutgolng resources
Net incoming resources for the year include..
2024
2023
Accountancy service5
Depreciation of fixed as5els
2,370
36,500
2,300
36,500
6 Trustee5 remuneratlon And expenses
No tN5tees, nor any persons ¢onne¢ted with the￿ have received any remuneration from the charity during the
year.
No trustec$ have reccived any other benefits from the charity during ¢h¢ year.
7 Staff coJt5
The monthly average number of persons (including senior management I leadership team) employed by the
charity during the year eApressed as fvll lim¢ equival¢nts was as follows:
2024
2023
Administration
No employee received emoluments of more than £60,000 during the year.
8 Tlxatlon
The charity is a rcgistcred charity and is therefore exempt from taxation.
Page 15

Ballee & Harryville Cominunity Enterprises
Notes to the Financial Statements for the Year Ended 31 March 2024
9 T Angible fixed assets
LAnJ Mnd
bulldlngs
Total
C05t
At l April 2023
9 l2.487
912.487
At 31 Marcli 2024
912,487
91?.,487
DepreclAtlon
At l April 2023
Charge for the yev¢r
509.534
36,500
509,534
36,500
At 31 March 2024
546,034
546,034
Net book i'alue
At 31 Marcli 2024
366,453
366.453
At 31 March 2023
402,953
402,953
10 Debtors
2024
2023
Trade debtor5
Prepaymenls
Other debtors
5,738
419
22,460
28,617
5.594
367
600,507
606,468
I I Cash and cash oquivttlents
2024
2023
Cash at bank
450,034
220,186
Bal4nee5 held by the chArity that Are not available for use by the charity
2024
2023
Balances hcld by the charity that arc not available for use by the charity
2.020
2,020
Lnclud¢d within cash are amounts relgting to tcnant deposits held by the charity. Thesc amounts have been
ring-fenced by the trustees and May be repaid to the tenants upon satisfactory completion of their rental
contracts. As such. the trustees have decided not to spend these ￿ndS and included a corresponding creditor in
the financial Statements and as such there is llo effect on the nel assets figure.
Page 16

Ballee & Harryville Community Enterprises
Notes to the Fxnancial Statements for the Year Ended 31 March 2024
12 Creditors: amounts falling due wlthln one year
2024
2023
VAT grant repayabl¢
Other creditors
Accruals
3,885
14,020
3,242
21,147
2,211
405,994
11,169
419,374
13 Contlngent Ilabilities
Following the sale of tlie final wind turbine site in the previous year, a grant cl&wback by the Mid & East
Anlriin Borough Council has b¢¢n agrecd, received full council approval and been paid during the year so at
311312024 Iherc is no longer any contingent liability.
14 Funds
B2lance at
31 MArch
2024
BalAnce 4t I
Aprll 2023
Incoming
resources
Resources
expond¢d
Transfers
Unrestrlcted funds
General
Rental income and service
charge
Rc$trlct¢d fund5
Community Cluster
Programmc-mid & E8St
Antrim Borough Council
Corrununity Cluslcr
Progr#mm¢-DSD
Renewable Energy Project
Property Grant Fund
Children In Need
316.618
66,607
(52,166)
36,130
367.189
15,446
(15,451)
5,759
(7,014)
543
1,255
110,812
378.623
4.180
1.355
341,233
4.180
(37.390)
Total restrlcted fund5
493.615
21.205
21,922)
36.130)
456,768
Total funds
810,233
87,812
74.088
823.957
Page 17

Ballee & Harryville Community Enterprises
Notes to the Financial Statcments for tlie Year Ended 31 March 2024
Balancc At
31 March
2023
Balgnee at I
April 2022
Incomlng
resources
Resources
expended
Transfers
Uiire5tricted funds
Genei'al
Rental income and servicc
charge
269,727
64,116
(54.518)
37,293
316,618
Rcstrleted
Radius Housiiig Funding
Networking Event
Community Cluster
Progr&mme-Mid & East
Anlriin Borough Council
Conunuility Cluster
Programm¢-DSD
Reneiyoble Energy Project
Property Granl Fund
Children In Need
Wind Turbine Capital
Inveslinent Renewable
Energy Projcct
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)
I'otal restricted funds
490,570
469,715
429,377
37,293)
493,615
Total funds
760,297
533,831
483,895
810,233
Page 18