## ## ## ## ## ## ## ## ## |`The principal funding sources for the charity are currently way of grants anddonations. The main funders/`|`The principal funding sources for the charity are currently way of grants anddonations. The main funders/`| |---|---| |`donors for the year were:`|| |`- Department for Communities`|`- The Community Foundation NI`| |`- Derry City and Strabane District Council`|`- Big Lottery Community Fund`| |`-BBC-Children in Need`|`- Education Authority`| |`-NHIP`|| ## ## ## ## ## ## ## |||`Unrestricted`|`Restricted`||| |---|---|---|---|---|---| |||`Funds`|`Funds`|`2025`|`2024`| |`Income and Expenditure`||`£`|`£`||`£`| |`Incoming Resources`|||||| |`Grant Income`|`3.`||`317,867`|`317,867`|`353,482`| |`Other income`|`3.`|`16,491`||`16,491`|`13,630`| |`Bank interest`|`3.`|`171`||`171`|`138`| |`Total Incoming Resources`||`16.662`|`317,867`|`334,529`|`367,250`| |`Resources Expended`|||||| |`Direct Charitable Expenditure`|`4.`|`10,825`|`287,468`|`298,293`|`340,929`| |`Management & Administration`|`4.`|`2,268`|`34,382`|`36,650`|`29,905`| |`Total Resources Expended`||`13,093`|`321,850`|`334,943`|`370,834`| |`Net Incoming/(Outgoing) Resources`||`3,569`|`(3,983)`|`(414)`|`(3,584)`| |`Transfer between funds`|||||| |`Balances brought forward 1 April 2024`||`46,826`|`5,492`|`52,318`|`55,902`| |`Balances carried forward 31 March 2025 `|`11.`|`50,395`|`1,509`|`51,904`|`52,318`| |||`2025`||`2024`|| |---|---|---|---|---|---| ||`Notes`|`£`|`£`|`£`|`£`| |`Fixed assets`|||||| |`Tangible assets`|`8.`||`3,495`||`5,492`| |`Current assets`|||||| |`Debtors`|`9.`|`11.382`||`30,218`|| |`Cash at bank and in hand`||`76,249`||`24.831`|| |||`87,631`||`55,049`|| |`Current liabilities`|||||| |`Bank overdrafts`||||`2,697`|| |`Creditor and Aceruals`||`39,222`||`5.526`|| |||`39,222`||`8,223`|| |`Net current assets`|||`48,409`||`46,826`| |`Total assetsless current`|||||| |`liabilities`|||`51,904`||`52.318`| |`Reserves`|||||| |`Brought forward at 1 April 2024`|||||| |`Unrestricted`|||`50,395`||`46,826`| |`Restricted`|||`1,509`||`5,492`| ||`11.`||`51.904`||`52,318`| ## Ballymagroarty - Hazelbank Community Partncrship (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025 General Informatlon The compiiny is u private company limited by guarnnlee. registered in Northern Irelund und u registered charity in Northern Irelllnd. The address of the regisiered office is 14 Shaw Court, Derry, BT48 OPW. 1.1. Accountlng convcntlon The .8i8niti¢ant occounting policie% upplied in the preparation of Ihese financial statements are .%el out below. The%c policies have been consistently applied to all years presented unle%$ oihenyise %l&ied. Thc churily coniitituies a public benefil eniily as defined by FRS102, The financiol %tolement% hiivc been prep￿d in iiccordance with Accounting and Reporting by Charitie.4.' Stiilemenl of Rccommended Practice applicable to charitie.4 preparing their uccounis in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland Charitie% SORP (FRS102). the Companies Aci 2006 and (he Charities Act (Northern Ireland) 2008, The fIn￿clU] %lJtenicntS Lire prepLircd on ll going concern basis under (he historical cost convention, modified to include cenain items at fair value. The financial st1¢ lements ore presented in Sterling which i.s the functionlil cuffency of the churity. Incoming resourcts All in¢omin8 resources are included in Ihe statement of financial aciiviti¢s when the charity is ¢ntitled to ihe incom¢ and the amount can be qulllltitied with rea.40ndble ac¢uruey. The followin8 specific policies are applied to particular categories of income.. Grun15 received are recognised ul fair value when the charity has enliilement after any performance coniyilions hiive been mei, il is probable thai Ihe income will be received and the amount can be measured reliably. If eniiilemenl 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 Chiirtie&. Revenue grants are credited to the Statement ot Financial Activities in the yenr they are received. Donution5 & other income is clutisified us unresirieied funds and is recognised when receipt is probable and entitlement 14 e.%lablished. Page 8 Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee) Not£s to tlie accounts for the year ended 31 March 2025 2.2. Expenditure Expenditure 1$ recognised on an accrual basis and has been classified under heodings that aggregate all costs related to the category. Expenditure 15 recognised where there is a legal or constructive obliglltion to make payments lo third parties, it is probable that the settlement will be required und the amount of the obligation can be measured reliably. Charitable expenditure comprises those costs incurred by the charity in th¢ delivery of ils activities and services for its ben¢ficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Support costs are those costs incurred directly in bupporl of expenditure on the objects of the charity and include project management, 2.3. Tonglble fixed assets And deprcclF4tion Tangible fixed nssets are stated tht eosl less depreciation. Any 2ssets cllrried at revalued amounts are recorded at the fair value ai the dnte of revaluation les5 any subsequent accumuloted depreciation and 5ubscquenl accumulated impllirment losses. An increase in the carrying amount of an asset as a result of A revaluation. is recognised in othcr CoMp￿henslvc income and uccumuluted in capital and reserves, except io the extent it reverses a revaluation decreose of the same asset previously recogni5ed in profit or loss. A decrease in the cwryins nmount of an asset as u resiilt of revaluation is recognised in other oomprehensive income to the extent of any previously recognised revaluation increase a¢¢umulated in capital and reseryes in respect of that ssct. Where a r¢valu&tion decrease ¢xceeds th¢ accumulated r¢valuation gains accumulalgd in capital and reserves in respect of that ass¢t, the excess shall be recognised in profil or loss. Depreciation 1$ provided at rates calculated to write off the cost or valuation less residual value of each aS5el over ils expected useful life, as follows., Fixtures, Fittings & Equipment 20% Scraight Line Page 9 Ballymagroarty- H￿Trze1bank Community Partnership (A company limitcd ljy guarantee) Notes to the a¢counts ror Ihc year ended 31 Mareh 2025 Incoming Resourees Unrestricted riunds Restrlcted Funds 2025 2024 Grani Income Depi1flment for Communities Dcrry City and Strabane District Council BBC- Children in Need Education Authority NHtp NIHE CRJ Community f4oundulion NI Halifax Right Time Right Plllce Tesco Stronger StLLrt Bis Lottery Community Furtd 101,697 21,058 101,697 21,058 98,783 30,403 24,928 98.052 35,001 112,567 34,266 6,945 112.567 6,945 11,220 18.178 2,296 18.178 2.296 744 1.000 19.860 1.000 19,860 317,867 317,867 353,482 Unrestrlcted Funds Restrlcted Funds 2025 2024 Other Income 16,491 16.491 13.630 Unrostrlcted Funds Restricted Funds 2025 2024 Deposit Interc&l received 171 171 138 Restricted Fund.q Funds received which are earn)arked by the Funder for 8pecific purposcs. Such purposes are wiihin the overall aims of the organisation. (11) Unre5tricled Fund5 Funds which are expendable ai the discretion of the compiiny in furtherance of the aims of the charity. In ddilion funds may be held in order to finance capital investment and working capilul. Page 10 Ballymagroarty - Hazelbank Community Partnership (A eompany limited by guarantee) Notes to the aecounts for the year ended 31 rch 2025 Resources Expended Unrcstrlcted Funds R￿trIcted Funds Total 2025 Total 2024 Direct Charitable Expenditure Wages & Salaries Staff pension costs Programme costs Depreciation of Fixtures & Fittings 203,713 4,005 75.804 3,946 203,713 4,005 86,393 4,182 222,037 4,959 110,188 3,745 10,589 236 10,825 287,468 298,293 340,929 Unrestrxcted Funds Restrlcted riunds Total 2025 Total 2024 Management & Administration Overheads & running costs BEmk fees Aecountuncy fees 1,429 839 32.492 33,921 839 1.890 27,480 552 1,873 1,890 2.268 34.382 36,650 29,905 Total Ei xpenditure 13,093 321,850 334,943 370,834 Net Incomlngl (outgolng) resourc￿ for the year 2025 2024 Nel (outgoing)l incoming resources is stated after charging: Depreciation and other amounts written off tangible fLxed assets Accountancy Fee 4,182 1,890 3,745 1,873 Page 11 Ballymagroarty - Hazelbank Community Partnership (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025 Staff note The average number of persons employed by the company during the year aniounted to 16 (2024: 16). The uggregale payroll costs incurred during the year were: 2025 2024 Wiiges and salarie1+ Pension coniribuiioni+ 203,713 4,005 222,037 4,959 207,718 226,996 No employee received employee benefils of more than £60,000 during the year (2024.. Nil). No remuneration or othcr bcnefils from employment with the churity or u reluied eniily were received by the d]r￿lorS. Taxatlon As a chi1rity,Ballymagroarty Hazelbank Community Partt)ership ig exempl from lax on income and gains falling within seciion 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable G47ins Act 1992 to the extent that these &2re 47pplied to its chargeable objects. Accordingly. no t&tx Charges have ansen in Ihe charity. Tanglble assets Flxtures, Flttlngs & Equlpmcnt Total Cost At l April 2024 Addition¥ 36,639 2.186 36.639 2.186 At 31 March 21125 38,825 38,825 Depreclatlon At l April 2024 Churge for the year At 31 March 2025 31.147 4,183 31,147 4.183 35,330 35,330 Net book vttlues At 31 Murch 2025 3.495 3.495 Ai 31 Mignificiint evenl% have taken place .qince the year end thai would rLsuli in iidjut>tmerkt% to 21125 tinancial infom)aiion or inelu5ion of u note thereto. 16. Controlllng Interest Controlling interest rests wilh the Board of Direclorti. Page 14