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2024-03-31-accounts

				Statement	Statement	Statement	of Financial	of Financial	Activities	Activities
				for	the	year	ended	31 March		2024
							Unrestricted			Restricted
								Funds		Funds	2024	2023
Income and Expenditure
Incoming Resources
Grant Income					3.					353,482	353,482	382,169
Other income					3.			13,630			13,630	30,981
Bank interest					3.			138			138	20
Total Incoming	Resources							13,768		353,482	367,250	413,170
Resources Expended
Direct Charitable	Expenditure				4.			12,380		328,549	340,929	373,333
Management &	Administration				4.			1,992		27,913	29,905	37,377
Total Resources	Expended							14,372		356,462	370,834	410,710
Net Incoming /	(Outgoing)		Resources					(604)		(2,980)	(3,584)	2,460
Transfer between	funds							(8,337)		8,337
Balances brought	forward	I	April	2023				55,767		135	55,902	53,442
Balances carried	forward	31	March	2024	11.			46,826		5,492	52,318	55,902

				Ballynlagroarty	Ballynlagroarty	- Hazelbank	- Hazelbank	- Hazelbank	Community	Community	Partnership
					(A	company	limited		by	guarantee)
							Bala	nce	sheet
						as	at 31	March		2024
									2024				2023
					Notes
Fixed assets
Tangible	assets				8.					5,492				9,237
Current	assets
Debtors					9.		30,218					48,414
Cash at bank		and		in hand			24,831					21,480
							55,049					69,894
Current	liabilities
Bank overdrafts								2,697				10,071
Creditor	and	Accruals						5,526				13,158
					10.			8,223				23,229
Net current		assets								46,826				46,665
Total assets		less		current
liabilities										52,318				55,902
Reserves	(note		I	I)
Brought	forward			at I April	2023
Unrestricted										46,826				559767
Restricted										5,492				135
										52,318				55,902

	The financial statelnents are prepared	The financial statelnents are prepared		on	a going concern basis	a going concern basis	under the	historical	historical		cost	cost	convention,	convention,
	modified	to include certain items at fair		value. The financial		statements are		presented			in	sterling		which
	is the functional currency of thc charity.
2.1.	Incoming	resources
	All inconling resources are included		in the statement of financial				activities		when		the	charity		is
	entitled	to the income and the amount		can	be quantified with	reasonable accuracy.				The		following
	specific	policies are applied to particular		categories of income:
	Grants received are recognised at fair		value		when the charity	has entitlement		after any			performance
	conditions	have been met, it is probable		that the income will		be	received	and	the amount				can	be
	measured	reliably. If entitlement is not		met	then these amounts	are	deferred.
	Capital grants are released to the profit			and	loss account in the year		in which	they are			received		in
	line with	the SORP Accounting & Reporting			by Charties.
	Revenue	grants are credited to the Statelnent			of Financial Activities		in the year		they are received.
	Donations	& other income is classified		as unrestricted funds and is			recognised		when	receipt			is
	probable	and entitlement is established.

								Unrestricted	Restricted
								Funds	Funds	2024	2023
Grant		Income
Department			for	Communities					98,783	98,783	135,878
Derry		City	and	Strabane		District	Council		30,403	30,403	39,855
BBC	-	Children		in	Need				24,928	24,928	39,406
Education			Authority						98,052	98,052	64,842
NHIP									35,001	35,001	30,988
CRJ									1 1,220	1 1,220
Comtnunity			Foundation			NI			54,351	54,351	45,945
Halifax									744	744
Right	Time		Right		Place						2,921
Pathways											22,334
									353,482	353,482	382, 169
								Unrestricted	Restricted
								Funds	Funds	2024	2023
Other		Income						13,630		13,630	30,981
								Unrestricted	Restricted
								Funds	Funds	2024	2023
Deposit		Interest		received				138		138	20

4.	Resources	Expended	Expended
								Unrestricted				Restricted	Total	Total
										Funds		Funds	2024	2023
	Direct Charitable			Expenditure
	Wages & salaries									12		217,925	222,037	239,669
	Staff pension		costs									4,959	4,959	10,302
	Progrmnme		Costs							8,032		102, 156	110,188	1 18,23	1
	Depreciation		of Fixtures			& Fittings				236		3,509	3,745	5,131
										12,380		328,549	340,929	373,333
								Unrestricted				Restricted	Total	Total
										Funds		Funds	2024	2023
	Management		& Administration
	Overheads	and running				costs				1 ,440		26,040	27,480	35,506
	Bank fees									552			552	71
	Accountancy		fees									1 ,873	1 ,873	1,800
										I ,992		27,913	29,905	37,377
	Total Expenditure									14,372		356,462	370,834	410,710
5.	Net incoming/		(outgoing)			resources			for	the year
													2024	2023
	Net (outgoing)/ incoming					resources		is	stated anercharging:
	Depreciation		and other		amounts		written		off tangible		fixed	assets	3,745	5,131
	Accountancy		Fee										1,873	1,800

	As a charity,Ballymagroariy	As a charity,Ballymagroariy	As a charity,Ballymagroariy	Hazelbank	Hazelbank	Hazelbank	Cotnmunity	Cotnmunity	Partnership	Partnership		is exempt	from	from	tax on	income	and
	gains falling	within	section	505	of the		Taxes	Act	1988	or s256	of	the Taxation		of	Chargeable
	Gains Act 1992 to		the extent	that		these	are	applied	to	its chargeable		objects.		Accordingly,		no	tax
	charges have	arisen	in the charity.
8.	Tangible assets													Fixtures,
														Fittings &
													Equipment				Total
	Cost
	At I April 2023														36,639		36,639
	Additions
	At 31 March	2024													36,639		36,639
	Depreciation
	At I April 2023														27,402		27,402
	Charge for	the year													3,745		3,745
	At 31 March	2024													31,147		31,147
	Net book values
	At 31 March	2024													5,492		5,492
	At 31 March	2023													9,237		9,237
								Page	14

9.	Debtors			2024	2023
	Giants	receivablc		24.392	48.414
	Other debtors			5.826
				30218	48,414
10.	Current	liabilities		2024	2023
	Bank loans and		overdrafts	2.697	10,071
	Other creditors			,430	500
	Deferred	incotne		2.296
	Accruals			-SOO	2.658
				8.223	23.229

It.	Movements	in	Funds	At			Transfer		At
				1 April	Incomina	Outgoing	between	31	March
				2023	resources	resources	funds		2024
	Restricted	funds:
	Total restricted		funds	135	353.482	(356.462)	8.337		5.492
	Unrestricted	funds:
	Total unrestricted		funds	55.767	13.768	( 14.372)	(8.337)
				55.902	367.250	(370.834)			52,318