Registered number: N1019579
Charity number: NIC107421
Brookfield Business Centre Ltd
(A Company Limited by Guarantee)
Unaudited
Trustees. Report and Financial Statements
For the Year Ended 31 March 2025

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Contents
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Independent Examiner's Report
Slatement of Financial Activilies
Balance Sheet
9-10
Notes to the Financial Statements

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Reference and Administrative Details of the Charity, its Trustees and Advisers
For the Year Ended 31 March 2025
Trustees
Mr Cletus Mccloskey
Mrs Anne Tanney
Sr Mary Tudey
Mr Jeffe Jeffers
Fr m￿eS Kavanagh C.P. (resigned 6 January 2025)
Mr John Patterson
Company registered
number
N1019579
Charity registered
number
NIC107421
Registered office
333 Crumlin Road
Belfast
Northern Ireland
BT14 7EA
Company secretary
Mrs Maura Lundy
Independent Examiner
Sumer Accountants Nl Ltd
6 Murray St
Belfast
Northern Ireland
BT16DN
Bankers
AIB Group
35 University Road
Belfast
BT71ND
SUMER
NORTHERN IRELAND
Page 1

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Trustees. Report
For the Year Ended 31 March 2025
The Trustees present their annual report together with the financial statements of the Charity for the year 1 April
2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees. report and a Directors,
report under company law. The Trustees confirm that the Annual Report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable
companls governing document and the provisions of the Statement of Recommended Practice (SORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102).
Reference and Administrative Details
Reference and administrative details are shown in the schedule of Reference and Administrative details of the
company, its Trustees and Advisers on page 1 of the financial statements.
The Trustees
The Trustees (who are also the Directors for company law purposes) Ytho served the company during the
period were as follows..
Mr Cletus Mccloskey
Mrs Anne Tanney
Sr Mary Turley
Mr Jeffe Jeffers
Fr m￿eS Kavanagh C.P. (resigned 6 January 2025)
Mr John Patterson
Objectives and Activities
The principal objective of the Brookfield Business Centre Ltd (BBC Ltd) in the year ending 31 March 2025 was
to focus its staff resources on providing administrative support and assistance to associated Charity,
Community and Other Organisations, who are undertaking programmes or activities resulting in the
achievement of the BBC Limited objectives.
The Charity has also provided support in organising Community Based concerts, Musical Award programmes
and Inter Schools Choral Awards through their Musical Director and support team, this is in addition to
undertaking maintenance work on buildings occupied by other Charity and community organisations.
Slructure, Governance and Management
The Charity is also a company limited by guarantee. registered with HMRC and Northern Ireland Charity
Commission Sin￿ January 2002 and May 2020 respectively.
Members
The number of members with which the Company is registered is 8 but the Directors may from time to time
register an increase of members and at no time shall the Directors be less than 2 in number.
Rotation of Trustees
At the first annual general meeting of the Company all the Directors retired from office. and al the Annual
General Meeting in every subsequent year one-third of the Directors retire from office. All retiring Directors offer
themselves for re-election, and are deemed to be re-elected.
SUMER
NORTHERN IRELAND
Page 2

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Trustees. Report (continued)
For the Year Ended 31 March 2025
Organisational Structure, and how Decisions are Made
The day to day operations of Brookfield Business Centre Ltd are delegated to the Manager, within the policy and
budgetary parameters agreed by the Board of Directors.
Governance and internal conlrol
The Trustees (who are also the Directors of Brookfield Business Centre Ltd for the purposes of company law)
are responsible for preparing the Trustee's Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the
Trustees have elected to prepare the financial statements in accordance with United Kingdom Accounling
Standards {United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must
not approve the financial statements unless they are satisfied that they give a true and fair view of the state of
affairs of the charitable company an(i the income and expenditure of the charitable company for that period.
In preparing these financial statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently,. observe the methods and principles in the
Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards 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 the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable companls transactions and disclose with reasonable accuracy at any time the financial position
of the charitable company, and to enable them to ensure that the financial statements comply with Ihe
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.
Risk Assessment
A risk assessmenl review has been presented and considered by the Board of Directors. Accordingly the major
risks to which the Charity is exposed, as identified by the Directors have been reviewed and systems and
procedures have been established to manage those risks.
SUMER
NORTHERN IRELAND
Page 3

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Trustees. Report (continued)
For the Year Ended 31 March 2025
Summary of the Objects of the Charity as Set out in Goveming Documents
The objectives of the Charity can be summarised as follows:
The promotion for the public benefit of urban or rural regeneration in areas of social and economic deprivation in
Northern Ireland and in particular North Belfast, including-
the relief of poverty and unemployment.,
the advancement of education, training or retraining, particulady among unemployed people,.
the provision of financial assistance-
the provision of housing and the renewal of housing stock.,
assist the recovery of people who are sick, convalescent, disabled or infimi.
the maintenance, improvement or provision of public amenities-
the provision or assistance in the provision of recreational facilities-
the protection or conservation of the environment-
the provision of public health facilities and childcare., and
the promotion of public safety and prevention of crime.
Charity's main objectives for the year - Principal activities
Brookfield Business Centre Ltd is a Company limited by guarantee not having a share capital. The principal
activities of the Company in the year under review involved a focus of its staff resources on providing support
and assistance to associated Charity. Community and Other Organisations, who are undertaking programmes
or activities resulting in the achievement of the BBC Ltd objectives.
The Charity employs a full time Musical Director and support team who provide support in organising
Community Based concerts, Musical Award programmes and Inter Schools Choral Awards.
Brookfield Business Centre Ltd also employs a full time mainlenance officer who undertakes mainlenance work
on buildings occupied by other Charity and community organisations and maintenance charges are levied to
those organisations as appropriate.
Relationships between the Charity and Related Parties
Flax Trust is a charity with similar objects to that of Brookfield Business Centre Ltd. There are Truslees and
Directors common to both charities.
The Brookfield Business Centre Ltd Accounts reflect a £191,040 donation from Flax Trust to assist Brookfield
Business Centre Ltd to provide financial and staff resources to a wide range of charity, community and
educational organisations, including support in organising Community Based concerts, Musical Award
programmes and Inter Schools Choral Awards through their Musical Director and supporl team.
Brookfield Business Centre Ltd levied £14,005 of maintenance recharges in 2024125 in respect of maintenance
work undertaken on Flax Trust Properties.
Fund accounting
General funds are unrestricted funds, which are available for use at the discretion of the Directors in furtherance
of the general objectives of the charity and which have not been designated for other purposes.
Grantmaking policies
Brookfield Business Centre Ltd has not embarked upon material grant making activities during the reported
financial year.
SUMER
NORTHERN IRELAND
Page 4

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Trustees. Report (continued)
For the Year Ended 31 March 2025
Financial Review - Policy and Reserves
Within the context of available reserves, the Charity is focused on applwng staff resource to continue to work
towards the charity objectives previously listed.
Public Benefit
In setling Brookfield Business Centre Ltd objectives and planning our activities for the year, the Trustees have
given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to
ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the
beneficiaries. Brookfield Business Centre Ltd has deployed its staff resources during the reported financial year.
in order to provide Public benefit by.
meeting the Trusts Objectsives,
supporting a wide range of third-party organisations, including schools and community groups who provide
serviceslactivities in areas of high social and economic need- and
facilitating local beneficiary access to a wide range of activities.
Financial Review for the year ended 31 March 2025
The Brookfield Business Centre Ltd 2025 Financial Statements indicate total expenditure amounted to
£176,758. Gross Income amounted to £205,810.
The Trustees regularly review reserves to ensure that there are adequate funds available lo meet future plans
and commitments.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation thal the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they conlinue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the
going concern basis can be found in the accounting policies.
Approved by order of the members of the board of Trustees on and signed on their behalf by.
Mrs Maura Lundy
Company Secretary
Date= 31 July 2025
SUMER
NORTHERN IRELAND
Page 5

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Independent Examiner's Report
For the Year Ended 31 March 2025
Independent Examiner's Report to the Trustees of Brookfield Business Centre Ltd
I report on the financial statements of the charity for the year ended 31 March 2025 which are set out on
pages 8 to 19.
Respective Responsibilities of charity Trustees and Examiner
As the charity's trustees (and also the directors of the company for the purpose of company law) you are
responsible for the preparation of the accounts in accor(iance with the requirements of the Companies Act
2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for
independent examination, it is my responsibility to-
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b)
of the Charities Act., and
state whether particular matters have come to my attention.
Basis of Independent Examinerfs Statement
I have examined your charity accounts as required under section 65 of the Charities Act and my examination
was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland
under section 65{9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in the
accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause lo believe..
that accounting records were not kept in accordance with section 386 of the Companies Act 2006.
that the accounts do not accord with those accounting records"
that the accounts do not comply with the accounting requirements of section 396 of the Companies Act
2006 and with Ihe methods and principles of the Charities Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)-
that there is further information needed for a proper understanding of the accounts to be reached.
SUMER
NORTHERN IRELAND
Page 6

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Independent Examiner's Report (continued)
For the Year Ended 31 March 2025
Independent Examiner's Statement
I have completed my examination and have no concems in respect of the matters (1) to (4} listed above and, in
connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matlers
that require drawing to your attention.
This report is made solely to the chariws Trustees, as a body, in accordance with section 65{3)(a} of the
Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been
undertaken so that I might state to the charitys Trustees those matters l am required to state to them in an
Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept
or assume responsibility to anyone other than the charity and the charitys Trustees as a body, for my work or
for this report.
Signed=
Dated: 31 July 2025
Amanda Mcmaw FCA
Sumer Accountants Nl Ltd
Glendinning House
6 Murray Street
Belfast
BT16DN
SUMER
NORTHERN IRELAND
Page 7

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Slatement of financial activities (incorporating income and expenditure account)
For the Year Ended 31 March 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
205,810
205,810
211.710
Total income
205,810
205,810
211.710
Expendilure on:
Governance
2.480
174,279
2,480
174,279
2.554
171.479
Charitable Activities
Total expenditure
176,759
176,759
174,033
Net movement in funds
29,051
29,051
37,677
Reconcilialion of funds".
Total funds brought forward
Net movement in funds
133,196
29,051
133,196
29,051
95,519
37,677
Total funds carried forward
162,247
162,247
133,196
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 19 fomi part of these financial statements.
SUMER
NORTHERN IRELAND
Page 8

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Registered number: N1019579
Balance Sheet
As at 31 March 2025
2025
2024
Note
Current assets
Debtors
10.554
157,705
20,207
117,847
Cash at bank and in hand
168.259
138,054
Creditors= amounts falling due within one
year
10
(6.012)
(4,858)
Net current assets
162,247
133,196
Total assets less current liabilities
162,247
133,196
Total net assets
162,247
133,196
Charity funds
Unrestricted funds
162,247
133,196
Total funds
162,247
133,196
SUMER
NORTHERN IRELAND
Page 9

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Balance Sheet {continued)
As at 31 March 2025
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Acl wilh respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mr John Patterson
Trustee
Date= 31 July 2025
The notes on pages 11 to 19 fomi part of these financial statements.
SUMER
NORTHERN IRELAND
Page 10

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
General infomiation
The Company is a company limited by guarantee incorporated in Northem Ireland and is a public benefit
entity. The members of the company are the Trustees named on page 1. In the event of the Company
being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Companies Act 2006.
Brookfield Business Centre Ltd meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
2.2 Going concem
The Trustees of Brookfield Business Centre Ltd have reviewed the resources available and believe
that the charity has adequate resources to continue in operational existence for the foreseeable
future.
Accordingly, Brookfield Business Centre Ltd continues to adopt the going concern basis in preparing
the financial statements.
2.3 Income
All income is recognised once the Charity has entillement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefaclor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when il is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
Charity, can be reliably measured.
SUMER
NORTHERN IRELAND
Page11

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
Accounting policies {continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
setllement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
All expenditure is inclusive of irrecoverable VAT.
Charitable activities and Govemance costs are costs incurred on the Companys educational
operations, including support costs and costs relating to the governance of the Company
apportioned to charitable activib'es.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the Bank.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the
Company anticipates it will pay to settle the debt or the amount it has received as advanced
payments for the goods or services it must provide. Provisions are measured at the best estimate of
the amounts required to settle the obligation. Where the effect of the time value of money is
material, the provision is based on the present value of those amounts, discounted at the pre-tax
discount rate that reflects the risks specific to the liability. The unwinding of the discount is
recognised within interest payable and similar charges.
SUMER
NORTHERN IRELAND
Page 12

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
Accounting policies {continued)
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.10 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Income from donations and legacies
Unrestricted
funds
2025
Total
funds
2025
Donations
191,040
765
191,040
765
Bank Interest
Maintenance Recharges
14,005
14,005
205,810
205.810
Unrestricted
funds
2024
Total
funds
2024
Donations
Bank Interest
200,000
487
200,000
487
Maintenance Recharges
11,223
11,223
211,710
211,710
SUMER
NORTHERN IRELAND
Page13

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
Charitable Activities
Unrestricted
funds
2025
Total
funds
2025
Telephone and Lease of equipment
Cleaning
Water and Sewage
Repairs and Maintenan
Legal and Professional Fees
Computer Costs
Motor Vehicle Expenses
Light and Heat
Insuran
8,755
350
8,755
350
272
272
12,636
2,400
12,656
6,876
8,163
3,962
113,620
2,391
1,240
958
12,636
2,400
12,656
6,876
8,163
3,962
113.620
2,391
1,240
958
Wages and Salaries
Employerfs NIC
Employerfs Pension
Mis￿lIaneOUS
174,279
174,279
SUMER
NORTHERN IRELAND
Page 14

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
Charitable Activities (continued)
Unrestricted
funds
2024
Total
funds
2024
Telephone and Lease of equipment
Cleaning
Water and Sewage
Repairs and Maintenan
Legal and Professional Fees
Computer Costs
Motor Vehicle Expenses
Light and Heat
Insuran
7,438
386
7,438
386
(607)
4,148
2,287
8,754
5,142
7,069
4,768
124,679
4,842
1,956
617
(6071
4,148
2,287
8,754
5,142
7,069
4,768
124,679
4,842
1,956
617
Wages and Salaries
Employerfs NIC
Employerfs Pension
Mis￿lIaneOUS
171,479
171,479
Independent examiner's remuneration
2025
2024
Fees payable to the Charivs independent examiner for the independent
examination of the Charitys annual accounts
2,400
2,400
Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
113,620
2,391
1,240
124,679
4,842
1,956
117,251
131,477
SUMER
NORTHERN IRELAND
Page15

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows..
2025
2024
Administrative staff
No employee received remuneration amounting to more than £60,000 in either year.
Governance Costs
Unrestricted
funds
2025
Total
funds
2025
Bank Charges
Accountancy
166
4,714
166
4,714
4,880
4,880
Unrestricted
funds
2024
Total
funds
2024
Bank Charges
Accountancy
274
274
4,567
4,567
4,841
4,841
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year expenses totalling £6.431 were reimbursed to Trustees {2024: £6,231).
SUMER
NORTHERN IRELAND
Page 16

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
Debtors
2025
2024
Due within one year
Other debtors
5,895
4,659
18,271
1,936
Prepayments and accrued income
10,554
20,207
10.
Creditors: Amounts falling due within one year
2025
2024
Accruals and deferred income
6,012
4,858
11. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
General Funds - all funds
133,196
205,810
(176,759)
162,247
Statement of funds - prior year
Balance at
31 March
2024
Balan￿ al
1 April 2023
Income Expenditure
Unrestricted funds
General Funds - all funds
95.519
211,710
(174,033)
133.196
SUMER
NORTHERN IRELAND
Page17

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
12. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Current assets
168,259
{6,012)
168,259
{6,012)
Creditors due within one year
Total
162,247
162,247
Unrestricted
funds
2024
Total
funds
2024
Current assets
138,054
(4,858)
138,054
(4,858)
Creditors due within one year
Total
133,196
133,196
13.
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £1,240 (2024.. £1,956).
14.
Operating lease commitments
At 31 March 2025 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows=
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
3,597
12,591
13,594
16,322
16,188
29,916
SUMER
NORTHERN IRELAND
Page 18

Brookfield Business Centre Ltd
(A Company Limited by Guarantee
Notes to the Financial Statements
For the Year Ended 31 March 2025
15. Company Limited by Gurantee
The Company is limited by guarantee and does not have share capital. Every member undertakes to
contribute such amounts not exceeding £1 to the Charitable Companls assets if it should be wound up
while being a member, or within one year of ceasing to be a member.
16. Related Party Transactions
The Flax Trust, a local charity, has Trustees in common with the Directors of Brookfield Business Centre
Ltd. During the year the Charity recharged the Flax Trust £14,004 (2024: £10,996> in respect of
Maintenance Recharges associated with the Flax Trust properties. At the balance sheet dale, the Charity
is owed £Nil (2024: £13,994) from the Flax Trust.
The Flax Trust donated £191,039 (2024: £200,000) to Brookfield Business Centre Lld lo help achieve
their objectives.
Brookfield Business Centre Ltd Trustees are represented on the Board of the North Belfast Co Operative
Ltd, a registered Society. During the year the Charity charged the North Belfast Co Operative Ltd £Nil
(2024.. £227) in respect of recharges of the Flax Centre on behalf of the Flax Trust who own the
premises.
SUMER
NORTHERN IRELAND
Page 19