BOLSTER COMMU Statement of Financial Activities {Including Summary Income and Expenditure Account) for the year ended 31 March 2025 Unrestricted Restricted Funds Funds Total Total 2025 2025 2025 2024 Income from= Donations and legacies Income from charitable activities Income from other trading activities 6 Notes 27,686 225.859 54,494 27,686 779.241 1.(K)5.1 (K) 54,494 9,027 960,763 52,865 Total incoming resources 308,039 779,241 1,087.280 1.022,655 Expenditure on: Charitable activities (310,705) (782,866) (1,093,571) (1,064,560) Total expenditure (110.705) (782.866) (1,093,571) (1,064,560) Net income before transfers (2.666) (3.625) (6.291) (41,905) Net incoming resources (2.666) (3.625) (6.291) (41,905) Fund balances brought forward 198.324 15,625 413,949 455,854 Fund balances carried forward 395,658 12,000 407,658 413,949 All of the above results are derived from continuing gains and losses recognised in the are included above. The notes on pages 16 to 26 forni an integral part of these financial statements.
BOLSTER COMMU Balance sheet as at 31 March 2025 2025 2024 Notes Fixed a&sets Tangible assets 55,(X)9 63,375 Current assets Debtors Cash at bank and in hand 10 186,077 231,056 195,314 214,790 417.133 410,104 Creditors: amounts falling due within one year 11 (56.920) (44,173) Net current assets 360.213 365.931 Total assets less current liabilities Creditors: amounts falling due after more than one year 415,222 429,306 12 (7.564) (15,357) Net assets 407,658 413,949 Funds Unrestricted funds Re%tricted tunds 395,658 12.000 398,324 15.625 Totsl funds 407,658 413,949 The financial statements were approved by the Directors on 3 December 2025 and signed and approved for issue on its behalf by Martina Flynn Director The notes on pages 16 to 26 forni an integral part of these financial statements.
BOLSTER COMMU Cash flow statement for the year ended 31 March 2025 2025 2024 Cash generated from operations Net income l (expenditure) for the year Depreciation Movement in debtors Movement in creditors (6,291) 8,366 9,237 4.954 (41.905) 8,366 (93.670) (71,123) Net cash movement from operating activities 16.266 (198,332) Cash flow statement Cash flow from investing activities Movement in cash in the year 16,266 (198,332) Reconciliation of net cash flow to movement in net funds Movement in cash in the year Cash and cash equivalents at l April 2024 16,266 214,790 (198,332) 413.122 Cash and cash equivalents at 31 March 2025 231,056 214,790
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 Accounting policies Company information BOLSTER COMMUNtrY is a Company limited by guardntee, registered in Northern Ireland. The address of the regisiered office is Whilega(es Business Park, Unit l Killeavy Road, Newry, Northern Ireland, BT35 6UA. 1.1. Accounting convention The accounts have been prepared in accordance with the charity s Memorandum and Articles of Association. the CoTnp<inies Act 2006 ld"AcCOUntIng and Reporting by Chl1]eS. Stlitement of Recommended Practice applicable 10 charilies preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the company. Monetary amounts iii these finaiicial statements are rounded to the iiearest £. The financial statements are prepared on a going concern basis under the historical cost convention, modified to iiiclude certain items at fair value. The financial statements are presented in sterling which is the functional QuenCY of the charily. 1.2. Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources 10 continue in operdtional existence for the foreseeable future. Thus the trustees conlinue to adopi ihe going concern basis of accounling in preparing the financial slatemeiits. 1.3. Charitable funds Unrestricted funds are available for use ai the discreiion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4. Incoming resources Income 1% recogni%ed when the charity 1% legally entitled to it after any perforniance conditions have been met, the amounts can be measured reliably, and il is probable Ihai income will be received. Cash donations are recognised on receipt. Other donations recognised once the charity hds been noiified of the donaiion. unless perforniance conditions require deferral of the amouni. liicome lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. LEgacies are recognised on receipt or otherwise if the charity has been notified of an impending distribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Investment income is recognised once the income and been declared and notified to bank accounts.
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued 1.5. Resources expended All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a legal or constructive obligation to make payments lo third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. 1.6. Tangible fixed assets and depreciation Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreci<ltion <ind <iny impairn]ent losses. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. as follows: tand and buildings Fixtures, fittings and equipment Iogc residual value 25gc residual value The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7. Impairnient of fixed assets At each reporting end date, the charity review% the carrying amounts of it% tangible as8et8 to detern]ine wheiher there is any indication Ihat those assels have suffered an impairn]ent loss. If any such indication exists, the recoverable amount of the assel is estimated in order to deterniine the extent of the impairment loss (if any). 1.8. Cash at bank and in hand Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maiurities of three monihs or less. and bank overdrafts. Bank overdrafis are shown within borrowings in curreni liabiliiies.
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued 1.9. Financial Instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments. and Section 12 '0ther Financial InstTumeni% 1%5ue%' of FRS 102 to all of its fii)ancial in%trument%. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial asseis and liabilities are offsei. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assels. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the trdnsaction is me<isured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wiihin one year are not amortised. Basic fanCIal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at tran8action price unless the arrangement consiitutes a financing iransaclion, where ihe debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable withiii one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for g(KKls or services that have been acquired in the ordinary ourse of operations from suppliers. Amounts payable are classified as current liabilities if Payment is due within one year or less. If noi, they are presented as non-current liabilities. Trade creditors are recognised initially and subsequenily ai iransaclion price. 1.10. Taxation The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is onsidered to pass the tests set out in Prfagraph I Schedule 6 Fin<ince Act 201 O and therefore it Tneets the definition of a charitable company for UK coorali0n ttix putposes. 1.11. Employee benefits The co%t ot any unused holiday entitlement 18 recognised in the peri(Kl in which the employee, s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably Committed to tertninate the employment of an employee or to provide termination benefits.
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued 1.12. Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. Net incoming resources for the year 2025 2024 Net incoming resources is stated after charging- Depreciation and other amounts wriiten off iangible asseis Auditors, remuneration 8.366 3,588 8,366 3,588 Employees Number of employees The average monthly numbers of employees during the year were: 2025 2024 Management and administraiion 33 29 Employment costs 2025 2024 Wages and salaries Employers national insurance Pension costs 636,665 45.065 60.825 607,921 43.031 34,010 742.555 684.962 The number of employees who received total employee benefits (excluding employer pension costs) of more than £60,000 is as follows: 2025 2024 £60,001- £70,0(KI The charily trustees were not paid or received any other benefits from employment with the charity, neither were they reimbursed expenses during the year (2024: £Nil). The remuneration paid or payable to key management staff for employee services was £54,009.(2024: £64,-394)
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Income from donations and legacies Donations 27,686 27,686 9,027 27.686 27,686 9,027 In 2024 of the total donation income of £9.027 was attributable to unrestricted iiicome funds. Unrestricted Restricted 2025 2025 Total 2025 Total 2024 5. Income from charitable activities Big Lottery Fund- generated income Community Foundation for Nl MACE SHSCT NIHE- homeless fund EISS NIACRO- generated income Gullion Home 2 Hospital Mourne Home 2 Hospilal Homestart Domiant Account8 Connections income Other generated income Building Futures Programme DFC Hardship fund MDT- GP Federation 60,000 60,000 46,000 112.153 324,196 22.450 375,456 375,456 32,062 32,062 40,309 40,309 10,(K)O l O,(K)O 15,000 15,000 3.490 3,490 24,500 24,500 62,152 62,152 12,000 237,859 129,272 129,272 5.7.53 18,903 2,340 29,500 49,574 128.691 114,894 66.000 225.859 15,(X)O 15,(K)O 225.859 779.241 1.005,100 960,763 In 2024 of the total charitdble income of £128,691 was attributable to unrestricted income funds with the balance £832.072 adding io the restricted funds.
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Income from other trading activities Fundraising Shop income 403 54.091 403 54,091 2,136 50.729 54.494 54,494 52,865 In 2024 of the total income from other trading activities of £52,865 was attributable to unrestricted income funds.
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued 2025 2024 7. Expenditure: Charitable activities Wages and salaries Employer's NI contributions Staff money purchase pension costs Shop stock purchases Training and development Travelling expenses Volunteers costs Programme costs Sundry expenses 636,665 45,065 60,825 27,803 4,160 30,561 15,314 122,753 7,374 607.921 43,031 34.010 27,479 3,539 28.826 37,419 158.459 252 950,520 94Q.936 Support and administrative expenses Reni Insurance Cleaning and repairs Recruitment costs Printing, postage and stationery Digital marketing and communicalions Telephone and internet Computer cosis Hire of equipment Outsourcing finance Audit Bank and interest charges Fees and subscriptions Depreciation 28,701 10,873 4,460 590 8,784 24,940 10,841 8,625 27,677 10,197 2.515 630 5.737 24,952 10.476 10,287 89 15,972 3,588 1.048 2,090 16,260 3,588 3,671 13,352 8,366 143,051 123,624 Total expendithre 1.093,571 1,064,560 Analysis by fund Unrestricted funds Restricted funds 310,705 782.866 1,093,571 For the year ended 31 March 2024 Unrestricted funds Restricted funds 200,468 864.092 1,064,560
BOLSTER COMNIU Notes to the fmancial statements for the year ended 31 March 2025 . continued Taxation No liability to UK corporation lax arises on ordinary activities for the year. The Company is a registered charity . Fixtures, Refurbishment fittings and costs equipment Tangible fixed assets Total Cost At l April 2024 81,690 62,793 144,483 At 31 March 2025 81.690 62,793 144,483 Depreciation At l April 2024 Charge for the year 23.379 5,831 57,729 2.535 81,108 8.366 At 31 March 2025 29,210 60,264 89,474 Net book values At 31 March 2025 52,480 2,529 55,009 At 31 March 2024 58.311 5.064 63,375 10. Debtors 2025 2024 Trade debtois Other debtors and prepayments 152,320 33,757 172.650 22,664 186,077 195.314
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued 11. Creditors: amounts falling due within one year 2025 2024 Bank loan Credit card Trade creditors Other taxe5 and s(Kial security costs Deferred income Accrudls 10.656 1.286 24,340 5.265 2,773 12.600 10.656 1.006 3,586 24.807 518 3.600 56,920 12. Creditors: amounts falling due after more than one year 2025 2024 Bank loan 7.564 15,357
BOLSTER COMNIU Notes to the financial statements for the year ended 31 March 2025 . continued Balance April 24 Incoming Outgoing Balance Resources R&sources Transfer March 25 13 Restricted Funds: Community Foundation for Nl SHSCT NIHE- homeless fund EISS NIACRO- generated income Gullion Home 2 Hospit<il Mourne Home 2 Hospilal Homestart Dorniant Accounts Connections income Building Futures Programme MDT - GP Federation Big Lottery Fund - generated income DOH research 15.625 (15,625) 375,456 (375,456) 32.062 (32.062) 40,309 (40,309) i 0.000 (i 0.000) 15,000 (15,000) 3.490 (3.490) 24,500 {24,500) 62.152 {62.152) 129.272 (129.272) 15,0(K) (15,0(K)) 60.000 {60.000) 12,0(X) 12,000 15.625 779.241 (782.866) 12,000 Unrestricted Funds: Generated income Designated Sustainability fund Designated Whitegaies capitalised fund SDS Shop income 276,144 50.000 72.180 91,240 (111,828) 26,288 281,844 50,000 63,814 (8.366) 162.708 (162.708) 54.091 {27.803) (26.288) 398.324 308.039 (310,705) 395,658 Unrestricted Restricted 14. Analysis of net a&sets between funds reserve reserve fund fund Total Fund Balances at 31 March 2025 represented by: Tangible fixed assets Net current assets 55.009 340,649 55,009 352,649 12,000 395.658 12,000 407,658
BOLSTER COMNIU Notes to the fll)ancial statements for the year ended 31 March 2025 . continued 15. Related party transactions There were no material related party transactions to disclose during the year. 16. Ultimate Controlling party The ultimate controlling party of the charity is the Trustees. 17. Company limited by guarantee The charity is a company limited by guarantee governed by a Memorandum and Articles of Association. The liability of each member is limited io an amount not exceeding £ l.