ColpanY giStratIon number: N1611562 Charity registration number.. 106916 Brookeville Enterprises (A company limited by guarantee) Annual Report and Financial Ststements for the Year Ended 30 April 2024 D T Carson & Co 51-53 Tliomas Street Ballym¢na Co. Anlriin BT43 6AZ
Brookeville Enterprises Contents Reference and Administrative Details Trustees, Report 2to3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t012
Brookeville Enterprises Reference and Administrative Details Trustees William Millar Stephen Nicholl Tom Johnston Charity Registration Number 106916 Company Registration Number N1611562 The charity 15 incorporated in Northern Ireland. 14 Wilson Crescent Ballyniena Co Antrim BT42 3BW Registered Office Independent Exominer D T Carson & Co 51-53 Thon]as Street Ballymena Co. Antrim B T43 6AZ Page I
Brookeville Enterprises Trustees, Report Tlie trustees, who are directors for the purposes of company law. present tlie annual report together with the financial statements of the charitable company for the year ended 30 April 2024. Objectives and activities Objecls and ainis The objectives of tlie charity are the advancement of urban and rural regeneration. redevelopnient and revitalisation. and the advancement of community development in tlie Mid and East Antrim Council area by a) promoting economic developnient for tlie benefit of Ilie general public. b) supporting and developing tlie work of community-based and voluntary groups in cliaritable activity by providing accommodation, facilities, support services. recreational facilities and oiher venues. Public benefit In setting the objectives and planning Ihe activities the trustees have given careful consideration to the Charity Commision for Northern Ireland's guidance on public benefit and tlie following direct benefits liave been identified: a) creation of training and work experience opportunities for residents of the area and consequeiitly a reduction in poverty, unemployment and hardship, leading to a better quality of life and improvement in Iiealili and well-being. b) iiicreased efficiency and effectivenes5 of comniunity and voluntary organisations, resulting in ¢nhanc¢d outwmes and service delivery and consqiiently iniproved qiiality of life for those who benefit from the work of these organisations. The trustees confimi that they have complicd with the requirements of Éli¢ Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance publislied by the Charity Commission for Northern Ireland. Financial review Policy on reserves The charity aims to use their incoine in furtherance of their objective5. Trustees And officers The trustees and officers serving during the year and since the year end were as follow5: Trustees: William Millar Stephen Ni¢lioll Toill Johnston Structure? goverDAnce #nd manRgement Ivature ofgoverning document Brookeville Enterprises is a company limited by guarantee and is also a registered charity with tlie Charities Commission for Northern Ireland. Page 2
Brookeville Enterprises Trustees, Report StAtement of trustees, responsibilities T]]¢ trustees (who are also th¢ directors of Brookeville Enterprises for the purposes of company law) are responsible for preparing tlie trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reportin8 Standard appli¢able in Ilie UK and Republic of Ireland" Coinpany law requires the trustees to prepare financial stateinents for each financial year. Under company law the trustees must not approve the financial stateinents unless tliey are satisfied that they give a true and fair view of tl)e state of affairs of tlie charitable compaiiy and of the incoming resources and application of resources, in¢luding ils income and expenditure. of tl)e charitable conipany for that period. In preparing these financial statements. the trustees are required to- select suitable accounting policies and apply them consistently, observe tlie methods and principles in tlie 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 Ihe ¢haritable company will continue in business. The trustees are responsible for keeping proper accounting records tliat can disclose with reasonable accuracy at any tiine tlie financial position of the charitable company and enable them to ensure that the financtal slateii)ents 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 th¢ maintenance and integrity of the corporate and financial information included on the cliarilable company's website. Legislation governing the preparation and dissemination of financial statements may differ from l¢gi51ation in other jurisdictions. The annual report wa proved by the trustees of the charity on 3 January 2025 and signed on its belialf by: mill William Millar Trustee Page 3
Brookeville Enterprises Independent Examiner's Report to the trustees of BrookeviIle Enterprises ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024. Responsibilities and basis of report As the charity's trustees of Brookeville Enterprises (and also its director5 for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of ihe Companies Act 2006 ('the 2006 Act,) Having satisfied myself that the accounts of Brookeville Enterprises are not required to be audited uiider 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 oiit my examination I have followed the Directions given by the Charity Commission under section 65(9)(b) of ihe Charities Act. Independent examiner's statement I have completed my examination. I confim that no matters have eome to my attention in ¢onne¢tion with tlie examination giving me cause to believe: accounting records were not kept in respect of Brookeville Enterprises as required by section 386 of tl)e 2006 Act. or 2. tlie 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 tlian 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 willi the methods and principles of the Statement of Recommended Practice for aceouiiting aiid reporting by charities [applicable to cliarities preparing tlieir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no ¢oncerns and have come across no other matters in conne¢tion with the examination to whicli attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Edwin Mclauglilin InstLtute of Cliartered Accountants in Ireland 51-53 Thomas Street Ballymena Co. Antrim BT43 6AZ 3 January 2025 Page 4
Brookeville Enterprises Statement of Financial Activities for the Year Ended 30 April 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted fund5 Restricted fund5 Total 2024 Note Income and Endowments from: Cliaritable a¢tivitie5 22.501 16.884 39.385 Total income 22,501 16,884 39,385 Expenditure on: Charitable activitie5 (19.543) (9.626) (29. 169) Total expenditure (19.543) (9,626) (29.169) Net income 2,958 7,258 10,216 Net movement in funds 2,958 7,258 10,216 Reconciliation of funds Total fuiids brought forward 391 4.630 Total fuiids carried fonvard 3,349 11,497 Restrieted funds 14.846 TotAI 2023 UnrestrieÉed funds Note Income and Endowments from: Charitable activiti¢s 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 expendire Transfers between funds (789) 275 (3.237) (275) (4.026) Net movement in funds (514) (3.512) (4,026) Reconciliation of funds Total funds brouglit forward 905 7,751 8.656 Total funds ¢arried forward 391 4.239 4.630 All of the charity's activities derive from ¢ontinuing operation5 during the above two periods. The funds breakdown for 2023 is shown iii not¢ 9. The notes on pages 7 to 12 forni an integral part of these financial statements. Page 5
Brookeville Enterprises (Registration number: N1611562) Balance Sheet as at 30 April 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 4,026 11,726 3,391 2,024 15.752 5.415 Creditors: Amounts falling due within one yeAr (906) (785) Net assets 14.846 4,630 Funds of the charity: Restrieted ineome funds Restricted funds 11,497 4.239 Unrestricted income funds Unrestricted funds 391 TotAI funds 14,846 4,630 For the financial year ending 30 April 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 witli tlie requirements of the Act witl) respect to accounting records and tlie preparation of accounts. The financial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on 3 January 2025 and signed on their behalf by: William Millar Trustee The notes on pages 7 to 12 form an integral part of these financial statements. Page 6
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2024 I Charity St4tus The cliarity is limited by guarantee. incorporated in Northern Ireland. and consequently does not have share apital. 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 address of its registered office is: 14 Wilson Crescent Ballymena Co Antrim BT42 3BW These financial statements were autliorised for issue by the trustees on 3 January 2025. 2 Accounting poli¢ies Summary of significant Accounting policies and key accounting estimAtes The principal accounting policies applied in the preparation of the5¢ financial statements are set out below. These policies have been consistently applied to all the year5 presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accouiiting and Reporting by Charities.. Staten)ent of Recomn)¢iided Practice 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 2015) - (Charities SORP (FRS 102)), the Fiiiai)cial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also ¢omply with the Companies Act 2006 and Charities A¢t (Northern Ireland) 2008. Basis of preparation Brookeville Ent¢rpris¢s meets the definition of a public benefit entity under FRS 102. Assets and liabilities ar¢ inilially recognised at historical cost or transaction value unless olh¢rwise stated in the relevant accounting policy notes. Going concern The finaneial statements have been prepared on a going concern basis as the trustees consider that there are no material uncertainties about tlie ¢harity'5 ability to continue as a going concern nor any significant areas of uncertaiiity that affect tlie carrying value of assets Iield by the charity. The trustees have ¢onsider¢d both Ihe level of funds held and the expected l¢v¢l of inronie and expenditure for 12 months from authorising these financial stateni¢nts. Exemption from preparing a cash flow stAtement The charity opted to early adopt Bullelin I published on 2 February 2016 and have therefore not included a cash flow statement in Ili¢se financial statements. Income and endowments All income is recognised once tlie charity ha5 entitlement to tlie income. it is probable tliat th¢ in¢om¢ will be received and tl)e amount of the income receivable can be In¢asur¢d reliably. Page 7
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2024 Granls receivable Grants are r¢¢ogni5ed when the charity has an entitlement to the funds and any conditions linked to grants have been met. Where perforniance conditions are attached to the grant ad are yet to be met, the income is recognised a5 a liability and included on the balance sheet as deferred income lo be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount cali be measured reliably. All costs are allocated to tlie applicable expenditure heading that aggregate similar costs to that category. Wliere costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the iise of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on tl)e spread of staff costs. Churitable ttctivlii¢f Charitable expenditure ¢omprises those costs inciirred by the eharity in the delivery of its activities and service8 for its beneficiaries. It includes both costs tliat can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxition The cliarity is considered to pass tlie tests set out in Paragraph I Schedule 6 of the Finance Acl 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 cliaritable purposes. TrAde debtors Trade debtor5 are amounts due from Gustomers for services perfonned in the ordinary course of business. Trade debtors are recognised initially at the tTansa¢tion price. A provision for the impaimient of trade debiors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original tenns of the receivables. CAsh and cash tquiv#lent5 Cash and cash equivalents Comprise cash on liand and call deposits, and otlier short-temi highly liquid investments that ar¢ readily convertible to a known an)ount of cash and are 5ubje¢t to an insignificant risk of change in value. Trade ereditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from supplters. Accounts payable are classified a5 current liabilities if the cliarity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve month5 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-cU¢nt liabilities. Page 8
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2024 Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of tlie objectives of the charity. Restricted in¢onie 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. Pag¢ 9
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2024 3 Income from chAritable activities Unrestricted funds General Restricted funds Total 2024 TotAI 2023 Grants Donations and other support Provision of services 16,884 16,884 7.339 50 5,319 12.708 22,501 22.501 22,501 16,884 39.385 4 Expenditure on eharitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 Project costs Sundry expenses Bank charges Accountancy Insurance 18,960 43 56 8,662 27,622 43 56 480 968 15.365 16 34 330 989 480 484 484 19,543 9,626 29,169 16,734 Page 10
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2024 2024 5 Trustees remuneration and expenses No trustee5, nor any persons connected with them. have received any remuneration from the charity during the year. 6 T4x#tion The charity is a registered charity and is therefore exempt from taxation. 7 Debtors 2024 2023 Trade debtors Other debtors 4.026 1,178 2,213 4.026 3,391 8 Creditors: amounts falling due within one year 2024 2023 Trade Creditors A¢cru&ls 125 781 125 660 906 785 Pagell
Brookeville Enterprises Notes to the Financial Statements for the Year Ended 30 April 2024 9 Fund5 Balance at I May 2023 Incoming resources Resource5 expended Balance at 30 April 2024 Unrestricted funds Generdl General Fund 391 22.501 (19,543) 3,349 Restricted funds Mid & East Antrim Council Aviva Community Fund Depat1ment for Communities Community Development & Health Network 700 11,184 (700) (2,926) (1,000) 8.258 3,239 4.239 5,000 5,000) Tot41 restricted funds 4,239 16,884 9,626) 11.497 Total funds 4,630 39.385 {29.169) 14,846 BAlante at 30 April 2023 Balance at I May 2022 Incoming resourees Resources expended Transfers Unrestricted funds General General Fund 905 4,052 (4,841) 275 391 Restricted Mid & East Antrim Coun¢il Department for Communities Community Development & Health Network Halifax Dept of Agriculture. Environment & Rural Affairs Donations & other support 500 1.000 (1,500) 6,976 (2,737) 4,239 5,000 (5,000) 275 (275) 1,214 1,442 (1.214) (1,442) Total restricted funds 7.751 8.656 (11.893) {275) 4.239 Total funds 8,656 12,708 (16,734) 4,630 Page 12