Company registration number: N1063172 Charity registration number.. NIC105697 Ballee & Harryville Community Enterprises (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 DT Carson & Co. Chartered Accountants & Registered Auditors 51- 53 Thomas Street Ballymena Co. Antrim B T43 6AZ
Ballee & Harryville Community EnlerprAses Contents Reference and Administt'ative Details Trustees, Report 2to5 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t018
Ballee & Harryville Community Enterprises Reference and Administrative Details Trustees Brian Holmes -Chairnian Margaret McKeown CJTII Rainey Rodney Quigley Elizabeth Adger Tommy Nkcholl James M¢Ilroy Iris Smyth Diane Young Elizabeth Adger Secretary 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 BT42 2BJ Independent Examiner DT Carson & Co. Chartered Accountants & Registered Auditors 51- 53 Thomas Street Ballymena Co. Antrim BT43 6AZ Solieitors: Sara Edge Solicitors 4 Ballymoney Rd, Ballymena BT43 5BY Bankers Ulster Bank 49 Wellington Street Ballymena County Antrim BT43 6AD Pag¢ I
Ballee & Harryville Community Entcrprises Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statement5 of the charitable company for the year ended 31 Marcli 2025. Structure? governance and management Nalure ofgoverning documenl Ballee & Harryville Community Enterprises Ltd is a privatc company limited by guarantee and is also a recognised charity. The Charity is governed by an Executive Board which meet on a regular basis throughout the year. The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and regulations. Major risks and managemenl of tliose risks Risk Managemenl 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 and 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 & Harryville Cornmunity Enterprise5 is made up of community representatives from the Ballee and Haryville wards, as well as local business and council representatives. The board works to provide a range of workspace units in the area that local businesses can rent as a base in the area. Profits from rental of the units are then returned back into the community for projects by the local groups. The objects of the Company shall be the promotion for the public beiiefit 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 means.. (i) the relief of unemployment in such ways as may be thought fit, including assistance to find employment. (li) the advancement of education, training or retraining. particularly among unemployed people, and Providing unemployed pcople with work experience. (iii) the creation of training and employment opportunities by the provision of workspace, buildings andlor land for use on favourable terms. (iv) such other purposes of an exclusively charitable nature as the Trustees may from time to time in their sole and absolute discretion detern]ine. Public benefil In setting the objectives and planning the activities for the year trustees have given careful consideration to the Charity Commission foT Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the Charity's purposes and provide a benefit to the beneficiaries. Public benefit includes a rise in emplosqnent in Ballee & Harryville both areas having been described as deprived areas Wlth a high unemployment rate. This rise in employment Is aided by the range of workspace units provided by Ballee & Harryville Community Enterprises Ltd and used in the local area, the increase in education and ski115 in the residents of both Ballee & Harryville and the onsite work experience and training organised by Ballee & Harryville Community Entetprise5 Ltd. Ballee & Harryville Community EnteTprises Ltd also produces a wide range of direct benefits including projects that benefit the area on a community level. Ballee & Harryville Community Enterprises Ltd provide funding to the local community created ITh the profit made through the workspace units. This ndIng has been used for events, community development, health initiatives and Tunning costs for community groups. The beneficiaries are local residents of Ballee and Hatryville wards. Page 2
Ballee & Harryville Community Enterprises Trustees, Report The tnjstees confirm that they have complied with the requirements of section 4 of the ChaTlties Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Social iiiveslmenipolicles Besides the general public the charity helps in specific areas of deprivation and in the voluntary and community sector. Financial review Pollcy oil reserves Unrestricted ndS are considered lo be essential to provide sulyicient 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 sufficient to cover such costs.The calculation of the required level of reserves is an integral part of Ballee & Haryville Community Enterprises's planning, budget and forecast cycle. Previously the trustees agreed that it was advisable to hold an amount in excess of £50,000 in unrestricted funds to enable them 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 for community purposes. However as the workspace units are getting older the trustees decided at the board meeting on 27th February 2024 that it was advisable to hold an amount in reserves in excess of £lOO,000. Trustees and officers The trustees and officer5 serving during the year and since the year end were as follows: Trustees.. Brian Holmes -Chainnan Margaret McKeown Cyril Rainey Rodney Quigley Elizabeth Adger Tommy Nicholl James McIlroy Iris Smyth Dian¢ Young Secretary: Financial instruments Elizabeth Adger Objeclives andpolicies The charity's aclivities 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 approvcd 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 speculative purposes. Page 3
Ballee & Harryville Community nterprises Trustees, Report Credll risk The charity's principal financial assets are bank balanccs and casli, tradc and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. 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. Llquidity risk In order to maintain liquidity to ensure that sufficient fimds ar¢ available for ongoing operations and future developments, the charity uses a mixture of long-terni and short-tenn debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. Funds held as custodian trustee on behalf of others Included within current assets and creditors are amounts totalling £2,020 related to tenant deposits 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 the trustees have decided not to spend these funds and there is no effect on the net assets figures. Going concern The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events OT conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees rnake 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 accounting in preparing these financial statements. Statement of trustees, responsibilities The trustees (who are also the directors of Ballee & Harryville 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 Standard5 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law Tequires the trustee5 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 state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preping 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 estimates that are reasonable and prudent. State whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed 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. Page 4
Ballee & Harryville Community Enterprises Trustees, Report The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other iegulaTIties. The trustee5 are responsible for the maintenance and integrity of the coOrate and financial information included on the charitable company's website. Legislation governing the preparation 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 trustees of the charity on 25 November 2025 and signed on its behalf by.. Brian Holmes -Chairnian Trustee Page 5
Ballee & 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 examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of Ballee & Harryville Community Enterprises (and also its directors for the pury)oses 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 report 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 examiner's statement I have completed my examination. I confirm that no matters have come to my attention in Connection with the examination giving me cause to believe: l. accounting records were not kept in respect of Ballee & Harryville Community Enterprises 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 the 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 Reconunended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no Concerns and have come 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. Antrim B T43 6AZ 25 November 2025 Pa8e 6
Ballee & Harryville Community Enterprises Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted fund5 Restricted funds Total 2025 Note Income and Endowments from: Charitable activities 66,171 66.171 Total income 66,171 66,171 Expenditure on: Charitable activities (55,306) 109,360 (164,666) Total expenditure 55,306 (109,360) (164,666) Net incomel(expendilure) Transfers between funds 10,865 37,390 (109,360) (37,390) (98,495) Net movement in funds 48,255 (146,750) (98,495) Reconciliation of funds Total funds brought fonvard Total funds carried forward 367,189 456,768 823,957 13 415,444 Unrestricted runds 310.018 Restricted funds 725,462 Total 2024 Note Income and Fndoivments frorn: Charitable activities 66,607 21.205 87,812 Total income 66.607 21,205 87,812 Expenditure on: Charitable activities (52,166) 21,922 (74,088) Total expenditure (52.166) (21.922) 74,088) Net incomel(expenditure) T.ransfers between fijnds 14,441 36,130 (717) (36,130) 13,724 Net movement in fimds 50,571 (36.847) 13,724 Reconciliation of funds Total funds brought forward 316,618 493,615 810.233 Total ndS Caled forward 13 367.189 456,768 823.957 All of the charity's activities derive from Continuing operations during the abov¢ two periods. The ndS breakdown foi. 2024 is shown in note 13. The notes on pages 9 to 18 forn) an integral part of these finan¢ial statements. Page 7
Ballee & Harryville Communlty Enterprise. (Registration number: N1063172) Balance Sheet as at 31 March 2025 2025 2024 Fixed assets Tangible assets 329,953 366,453 Current assets Debtors Cash at bank and in hand io 9,624 393,275 28,617 450,034 402,899 478,651 Creditor5: Amounts falling due within one year 12 (7,390 21,147 Net current assets 395,509 45 1,504 Net assets 725,462 823,957 Funds of the charity: Restricted income funds Restricted funds 13 310,018 456,768 Unrestricted income funds Unrestricted fvnds 415,444 367,189 Total fund5 13 725,462 823,957 FOT the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small coinpanies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts ftjr the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respeot to accounting records and the preparation of accounts. The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 25 November 2025 and signed on their behalf by: Brian Holmes -Chairnwn Trustee The notes on pages 9 to 18 forni an integral part of these financial statements. Page 8
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity status 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 adthess of its registered office is: 20 Antrim Road Ballymena Co Antrim BT42 2BJ These financial statements were authorised for issue by the trustees on 25 November 2025. 2 Accounting policies Summary of significant accounting policies and key aceounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been conslstently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accountin8 and Reporting by Charities.. Statement of Recommended Praoti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Chai-ities SORP (FIIS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102). They also comply with Ihe Companies Act 2006 and Chariti¢s Act (Northern Ireland) 2008. Ballee & Harryville Community Enterprises meets the definition of a public benefit entity under FRS 102. Basis of preparation Assets and liabilities are initially recognised 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 concern The financial statements have been prepared on a going concern basis as the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas 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 stat¢ments. Exemption 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 staternents. Page 9
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 Judgements The preparation of the financial statements requiies management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount 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 Tesults may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisioiis to accounting estimates are recognised in the period in which the estimate 15 revised ivhere the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and futtwe periods. Key sources of estimation uneertainty Tangible Fixed assets Tangible fixed assets are depreciated over their useful 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 Te-assessing asset lives, factors such as maintenance programmes and technological innovation are taken into account. Residual value assessments consider issucs such as future markct conditions, the remaining Life of the asset and projected disposal values. The carrying amount is £- (2024 -£366,453). Income and endowments All income is recognised once there is a legal or Constructive obligation to that income after any performace conditions have been met, tlie amount can be measured reliably and it 15 probable ihat income will be received. All income is allocated to the applicable income heading that aggregate similar income to that category. Granls recelvable Grants are recognised when the charity has an entitlement to the funds and any Conditions linked to the grants have been met. Where performance conditions are attached to the grant aiid are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Ollier Iradlng aclivilles The charity generates rental income by utilising the business workspace to further its primary aims and objectives. Expenditure All expenditure is recognised once there is a legal or constsvctive obligation to that expenditure. it 15 probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggre8ate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation Charges allocated on the portion of the a55et's use. Other support costs are allocated based on the spread of staff costs. Cliaritable aclivilies Charitable expenditure compiises 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 thern. Page 10
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 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 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Depreciation and amortisatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected use] economic life as follows.. Asset class Freehold Land and Buildings Depreciation method and rate 40/0 Straight line basis Impairment or rixed assets The company assesses at each reporting date whether tangible fixed assets are impaired Trade debtors Trade debtors are amounts due from customers for services peTfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impainnent. A provision for th¢ impairn]t of trade debtors is established when ther¢ is objcetive evidence that the charity will not be able to collect all amounts due according to the original tern)s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni 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 creditor5 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 charity does not have an unconditional right, at the end of the reporting period. to d¢fer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently caTried at amortised cost, with the difference between 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. Pagell
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 Fund structure Unrestricted income funds are general fimds Ihat are available for use at ihe trustees 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 ClasslJ7callon Financial assets and financial liabilities are recognised when the charity becoines a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the Contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognllion ond measuremeiil 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 nomially the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangernent constitute5 a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement 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 the asset and settle the liability simultancously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the rinancial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and Tewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and Tewards of ownership* has transferred control of the asset to another party. Financial liabilities are derecognised only when th¢ obligation specified in the contract is discharged, cancelled or expires. Page 12
Ballee & Harryville Community Enterprises Notes to the FinanciaI Statements for the Year Ended 31 March 2025 3 Ineome from charitable activities Unrestricted funds General Total 2025 Total 2024 Rental Income Service Charge Interest on l year fixed money desk deposit Community Cluster PTogramme-Mid & East Antrim Borough Council Community Cluster Programme-DSD Cost of living support grant 51.274 9,386 4,011 51,274 9,386 4,011 53,963 9,893 15,446 5,759 2,751 1,500 1.500 66,171 66,171 87.812 Page 13
Ballee & Hariyville Community Ei nterprises Notes to the Financial Statements for the Year Endcd 31 March 2025 4 Expenditure on charitable activitie5 Unrestricted Total 2025 Total 2024 General Restricted Rent collection fee Sundry expenses Accountancy fees Bank charges Water rates Light, heat and power Insurance Community Cluster Programme-mid & East Antrim Borough Council Community Cluster Programme-DSD Technical Assistance Renewable Energy Project Depreciation of freehold property 5,143 3,209 2,550 5,143 3,209 2,550 5,396 17 2,370 ioi 602 3,665 3,634 602 3,665 3,634 2,809 4,973 15,451 7,014 109,360 109,360 36.500 (543) 36,500 36,500 55.306 109.360 164,666 74,088 £55,306 (2024 - £52,166) of the above expenditure was attributable to unrestricted fijnds and £109,360 (2024 - £21,922) to restricted funds. Page 14
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 5 1¥4et incomingloutgoing resources Net (outgoing)lincoming resources for the year include.. 2025 2024 Accountancy services Depreciation of fixed assets 2,550 36,500 2,370 36,500 6 Trustees remuneration and expenses 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 number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: 2025 2024 Administration No employee received emoluments of more than £60,000 during the year. 8 Taxation The chaTity is a registered Charity and is therefore exempt from taxation. Page 15
Ballee & Harryville Commuiiity Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 9 Tangible fixed assets Land and buildings Total Cost At l April 2024 912,487 912,487 At 31 March 2025 912,487 912,487 Depreciation At l April 2024 Cliarge for the year 546,034 36,500 546,034 36,500 At 31 March 2025 582.534 582,534 Net book value At 31 March 2025 329,953 329,953 At 31 March 2024 366,453 366,453 10 Debtors 2025 2024 Trdde debtors Prepayments Other debtors 5,321 4,303 5,738 419 22,460 28,617 9,624 11 Cash and eash equivalents 2025 2024 Cash at bank 393.275 450,034 Balances held by the charity that are not available for use by the charity 2025 2024 Balanoes held by the charily that are not available for use by the charity 2,020 2,020 Included within cash are amounts relating to tenant deposits held by the charity. These amounts have been ring-fenced by the tsustees and may be repaid to the tenants upon satisfactory completion of their rental contracts. As such, the 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. Page 16
Ballee & Harryville Community Enterprises Notes to the Financial Statements for the Year Ended 31 March 2025 12 Creditors: amounts falling due within one year 2025 2024 VAT grant repayable Other creditors Accruals 1,113 2,020 4.257 3,885 14,020 3,242 7,390 21,147 13 Funds Balance at 31 March 2025 Balanee at I April 2024 Incoming resourees Resource5 expended Transfers Unrestricted funds Generftl Rental income and service charge Cost of Living Support Interest on l year fixed money desk deposit 367,189 60,660 1,500 (55,306) 37.390 409,933 1,500 4,011 4,011 367,189 66,171 (55.306) 37,390 415,444 Restricted funds Renewable Energy Project Property Grant Fund Children In Need 111,355 341,233 4,180 (109.360) 1,995 303,843 4,180 (37,390) Total restricted funds 456,768 109,360 (37,390) 310.018 Total funds 823,957 66.171 164,666) 725,462 Page 17
Ballee & Harryville Cominunity Enterprises Notes to the Financial Staternents for the Year Ended 31 March 2025 Balance at 31 March 2024 £(As restated) Balance at I April 2023 Incoming resources Resources expended Transfers Unrestricted funds Geiieral Rental income and service charge 316,618 66,607 (52,166) 36,130 367,189 Restricted Community Cluster Programme-mid & East Antrim Borough Council Coinmunity Cluster Programme-DSD Renewable Energy Project Property Gi'ant F4und Children In Need 15,446 (15,451) 5,759 (7,014) 543 1,255 110,812 378,623 4,180 111,355 341,233 4,180 (37,390) Total restricted funds 493,615 21,205 (21,922) (36.130) 456,768 Total funds 810,233 87,812 (74,088) 823,957 Page 18