Company registration number.. N1611562 Charity registration number.. 106916 Brookeville Enterprises (A compaThy limited by share capital) Annual Report and Financial Statements for the Year Ended 30 April 2023 D T Carson & Co 51-53 Thomas Street Ballymena Co. Antrirn BT43 6AZ
Brookeville Enterprises Contents Reference and Administrative Detsils 2to3 Tru5tees' Report Independent Examinees Report Statement of Financial Activities Balance Sheet 710 11 Notes to the Financial Statern¢nts
Brookeville Enterprises Reference and Administrative Details Trustees William Millar Stephen Nicholl Tom Johnston Charity Reglstration Number 106916 Company Reglstration Number N1611562 The charity is incorporated in Northern Ireland. 14 Wilson Crescent Ballyrnena Co Antrim BT42 3BW Registered Office Independent Examiner D T Carson & Co 51-53 Thomas Street Ballymena Co. AntriTn BT43 6AZ Page I
Brookeville Enterprises Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial sta*ments of the charitable company for the year ended 30 April 2023. Objective5 and activities Objects and aims The Charity's objects are the advancement of urban and rural regeneration, redevelopment and revitali58tion, and the advancement of community development in the Mid and East Antrim Council area by a) promoting economic development for the benefit of the general public. b) supporting and developing the work of community-based and voluntary groups in charitable tIvIty by providing accommodation. facilitles, SUPPOrt services, recreational facilities and oiher venues. Public benefil The trustees confirni that they have complied with the requirements of the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Flnanelal revlew Policy on reserves The charity aims to use their income in furtherance of their objectives. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tru5t¢es'. William Millar Stephen Nicholl Tom Johnston Structure. governonce and management Nalure ofgoverning documenl Brookeville Enterprises 15 a company limited by guarantee and is also a r¢gist¢red charity with th¢ Charities Commission for Northern Ir¢land. St4t¢ment of trustees, responslbilitie5 The tAteeS (who are also the dir¢ctors of Brookeville Enterprise5 for the purposes of company law) are responsible for preparing the trustees, report and th¢ financial statements in a¢cordanc¢ with applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Treland" Company law r¢quir¢s th¢ trustees to prcpare finanGial statements for cach finanGi81 year. Und¢r company law the trustees must not approve the financial statements unles5 they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resourc¢s and application of SOUrCes. including its incorne and expenditure. of th¢ charitable company for that peEio¢l In preparing these fmancial statements. the tru5t¢es ar¢ required to: Select Sultable accounting policie5 and apply them consistently; Page 2
Brookeville Enterprises Trustees, Report observe the methods and principles in the Charlties SORP. make judgements and estimates that are reasonable and pNdent' state whether appllcable accounting standards, comprising FRS 102 have been followe¢ subje¢t 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 charilable company will continue in business. The trustees are responsible for keeping proper a¢¢ounting records that can disclose with reasonable accuracy at any tirne the fanCIal position of the charitable company and enable them to ensure that the financtal 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 irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inforn)ation included on the charitable company's website. Legislation governing the preparation and dlssemination of financial statements may differ from legislation in other jurisdictions. The annual report w proved by the trustees of the charity on 26 January 2024 and signed on its behalf by: William Millar Trustee Page 3
Brookeville Enterprises Independent Examinerls Report to the trustees of Brookeville Enterprises ('the Company,) I report to the charity Ite¢S on my examination of the accounts of the Company for th¢ year ended 30 April 2023. Responsibllities and bpdsis of report As the clwity's trustees of Brookeville Enterprises (and also its directors for the purposes of company law) you are responsible for the preparation of the ac¢ounts in accordance with th¢ requir¢ments of the Companies Act 2006. Having satisfied myself that the accounts of Brookeville Enterprises are not required to be audited under company, and are eligible for independent examination, it Is my responsibility to.. ' examine the accounts under section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Irelarnd under section 65(9)(b) of the Charities Act . to state whether particular matters have come to my attention Independent examiner'5 ststement I have completed my examination. I confirm that no matters have come to my attention in connection with the examinatioTh giving me cause to believe- accounting records were not kept in respe¢t of Brookeville 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 aOUntIng requirements of section 396 of the 2006 Acl other than any requirement that the aGcounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the account5 have not been prepared in accordance with the methods and principles of the Statement of Recommended PTa¢tice for accountin8 and reporting by charities [applicable to charities preparing their a¢couDts in accordance with the Financial R¢porting Standard applicablc in the UK and Republic of Ireland (FRS 102)]. I have Tho concerns and hav¢ corn¢ 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. Edwin Mclaughlin Instityte of Chartered Accountsnts in Ireland 51-53 Thomas Street Ballymena Co. Antrirn BT43 6AZ 26 January 2024 Pag¢ 4
Brookeville Enterprises Statement of Financial Activities for the Year Ended 30 April 2023 (Including Income and Expendlture Account and Statement of Total Recognised Gains and Losses) Unrestrlcted unds Restricted funds Total 2023 Note Income and Endowments from: Charitable activities 4,052 8,656 12,708 Total income 4,052 8.656 12,708 Expenditure on: Charitable activities (4,841 11,893 (16,734 Total expenditure 4,841 11,893 16,734 Net expenditure Transfers between funds (789) 275 (3,237) 275 (4.026) Net movement in funds Reconciliatlon of funds Total funds brought forward Total funds ¢arried forward (514) {3,512) (4,026) 905 7.751 8,656 391 Unrestrieted fund5 4.239 Restricted runds 4.630 Total 2022 Note Income And Endowments from: Charitable a¢tiviti¢s 4,149 18,751 22.900 Total income 4,149 18,751 22,900 Expenditure on: Charitabl¢ activities (4,697) (i 1,000) (15,697) Total expenditure Net (expenditure)/iucome Transfers between funds (4,697) I 1,000) (15,697) (548) 510 7,751 (510 7,203 Net movement in fiinds (38) 7,241 7,203 Reconclliation of funds Total fimds brought forward Total funds rarried forward 943 510 1.453 905 7,751 8.656 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 9. The notes on pages 7 to I I form an integral part of these financial slatcments. Page 5
Brookeville Enterprises (Registration number: N1611562) Balance Sheet as at 30 April 2023 2023 2022 Note Current asset5 Debtors Cash at bank and in hand 3,391 2,024 1,339 8,507 5,415 9,846 Credltors: AJnount$ falling due wlthin one year 785 1.190 4,630 8,656 Net assets Funds of the charity: Restrlcted Income funds Restricted 4,239 7,751 Unrestricted income funds Unrestri¢ted funds Total funds For ihe financial year ending 30 April 2023 the Charity was entitled to exemption from audit under seclion 477 of the Companies Act 2006 relating to small companies. 391 905 4,630 8,656 Directors. responsibilities.. The members 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 r¢quirem¢nts of the Act with Iesp¢¢t to a¢counting r¢cords and the preparation of accounts, The financial statern 2024 and signed o nts on pages 5 to I I were approved by the ttustees, and authorised for issue on 26 January ¢ir behalf by.. William Millar Trustee Th¢ notes on page5 7 to I I form an int¢gral part of these fllwicial 51atements. Pag¢ 6
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2023 A Charity status The charity is limited by share capital, incorporated in Northern Ireland. Tb¢ address of its registered otTJre is.. 14 Wilson Crescent Ballymena Co Antrim BT42 3BW These financial statements were authorised for issue by the trustees on 26 January 2024. 2 AccountlDg pollcles Summary of slgnificant accountlng poll¢les and key accountlng estlmAte$ The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consAst¢nlly applied to all the years presented, unless otherwise stated. Statement of compliance The fmancial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recomm¢nded Practice applicable to ¢harities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republi¢ of Iieland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Basis of preparation Brookeville Enterprises m¢ets the definition of a public b¢nefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy notes. Golng concern The trustees Consider that there are no material uncertainties about the charity's ability to ¢ontinue as a going conr¢rn nor any significant areas of uncertainty that affert the carrying value of assets held by the charity. Exemption from preparlng 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. Ineome and endowments All income is recognised once the charity has entitlement to the income, it is probable that the incom¢ will be received and the amount of the income receivable can be measured reliably. Grants receivable Grants are recognised when the Gharity has an entitlement to the fund5 and any conditions linked to grants have been met. Where performanc¢ conditions are attached to the grant ad are yet to be meL the income is recognised as a liability and included on the balance sheet as d¢f¢Thed income to be released. Page 7
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2023 Expenditure Ail expendilure 15 recognised once there is a legal or constructive obligation to that expendiiure, it is probable settlement is r¢quired and ihe amount can be measured reliably. All costs are allocated to the applicable expenditLwe heading that aggregate slmilar Gosts to that category. Where costs camlot be directly attributed to particular headin8S they have been allocated on a basis consistent with the use of resources. with central staff osts allocated on the basis of time spent, and depr¢ciation charges allocated on the portion of the asS¢t's use. Other support Costs are allocated based on the spread of stsff costs. Charitable activities Charitable expenditure comprises those cost5 incurred by the charity in the delivery of its activities and services for its beneficiaries. It includ¢s both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests set out in Pat2graph I Schedule 6 of the Finance Act 2010 and therefore it meels the definition of a charitsble company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation itb 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 exclusAvely lo charitable putposes. Trad¢ debtors Trade debtors are amounts due from customers for services perfonned in the ordinary course of business. Cash and cash equlvalents Cash and cash equivalents Comprise cash on hand and call deposits, and other short-tenn highly liquid investments that aTe readily convertible to a known amount of ¢ash and are subject to an insignific3nt risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that hav¢ been a¢quired in the ordinary coutse of business from suppliers. Accounts payable ar¢ classified as curr¢nt liabilities if th¢ charity does not hav¢ an unconditional right, at the end of the reporting perio(L to defer settlement of the ¢reditor for at least twelve months after the reporting d&te. If there is &n unconditional right to d¢fer settlement for at least twelve month5 aft¢r th¢ reporting date. they are presented as non-curyent liabilities. Trdde creditors are recognised initially at the transaction price and Subsequently measured at atnortised cost using the effective interest method. Fund structure Unrestricted incom¢ fimds are general funds that arc availabl¢ foi use at the trustees di5cr¢tion in fith¢rance of the objectives of the charity. Restricted incom¢ funds are those donated for use in a particular area or for specific purposes. the use of which is restricted to that area or purpos¢. Page 8
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2023 3 Income from charitable activitles Unrestrlcted funds General Restricted funds Total 2023 Total 2022 Grants Donation5 and other support Provlsion of services 7,339 7.339 50 5.319 22,000 600 300 50 4.002 1,317 4,052 8,656 12,708 22.900 4 Expendithre on charitable actlvities Unrestricted funds General Restricted funds Total 2023 Tot81 2022 Project costs Sundry expenses Bank charges Accountancy Insurance 4,379 16 34 10.985 15.364 16 34 330 990 14,531 38 40 390 697 330 578 412 4.841 11,893 16.734 15,696 PaB¢ 9
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2023 2023 5 Trustees remllneration and expenses No trustees, nor any persons connected with them. have received any remunetation from the charity during the year. 6 Taxation The chaTity is a registered charity and is therefore exempt from tsxation. 7 Debtors 2023 2022 Trade debtors Other debtors 1,178 2.213 1.339 3,391 1,339 8 Creditors: amounts falling due within one year 2023 2022 125 660 200 990 Trdde creditors Accruals 785 1,190 Page 10
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2023 9 Funds Balance at 30 Aprll 2023 Balance at I May 2022 IncomlDg resourees Resources expended Transfers Unrestricted funds General General Fund 905 4,052 (4,841) 275 391 Restrlcted funds Mid & East Antrim Council Department for Communities Community Development & Health N¢twork Halifax Dept of Agriculture, Environment & Rural Affairs Donations & other support Total r¢strl¢ted funds 500 1,000 (1,500) 6,976 {2,737) 4,239 5,000 (5,000) 275 (275) 1,214 (1,214) 1.442 7.751 11.893 275 4,239 Total funds 8,656 12.708 16.734) 4.630 Balance At 30 April 2022 Balance at I May 2021 In¢omiThg resources Resources expended Transfers Unrestrlcted funds General General Fund 943 4,149 (4,697) 510 905 Restricted Mid & East Antrim Council Ulst¢r Scols GTOUP Department for Communities Community Development & Health Network Halifax 500 500 510 (510) 9,500 (2,524) 6,976 5.000 3.751 (5.000) (3,476 275 Total restricted funds 510 18,751 (i 1.000) 510) 7,751 Total funds 1.453 22,900 15,697) 8.656 Pag¢ll