Black Mountain Shared Space IA company limited by guarantee, not having a Share capilall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Account) for the financial year ended 30 April 2023 Unrestrtcted Rostricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Income Donations and legacies Investments 861 13 289,316 290,177 13 5,210 11 302,889 308,099 11 Total Incom• 874 289,316 290,190 5,221 302.889 308,110 Expenditure Charitabl8 a¢tivilie$ Other 8xp&nditur8 32,303 2,456 301,718 334,021 2,456 3,241 4.208 311,310 314,551 4,208 Total Expendlture 34,759 301,718 336.477 7,449 311,310 318,759 Net Incomel(expenditure) 133,8851 (12,402) 146,287) 12,228) 18,421) {10,6491 Transfers belween funds Net movement In funds for tha flnanclal year (33,885) 112,4021 {46,2871 12,228) (8,4211 110,649) Reconclllatlon of funds: Total funds beginning of the year 12 26.755 109,697 136,452 28.983 118,118 147,101 Total funds at the end of the year 17,1301 97,295 90,165 26,755 109,697 138,452 The Statement of Flnancial Actfvlties Includes all gains and losse8 recognlsed in th8 finan¢lal year. All income and expenditure relate to continuing actlvities. The note5 on pages 9 to 13 form part of the flnBncial slalements
Black Mountain Shared Space IA company limited by guarantee, not having a share capitsll Company Number= N1645295 BALANCE SHEET as a130 April 2023 2023 2022 Notes Flxed As$ets Tangible assets 7,811 8,937 Current Assets Cash at bank and in hand 84.416 131,774 Crodltors: Amounts falling du¢ wlthln one year 10 (2,062) 14,259) Net Current Assets 82,354 127,515 Total Assats less Current Liabilltlos 90,165 136,452 Funds Restricted trust funds General fund lunrestricted} 97,295 17,130) 109,697 26,755 Total funds 12 90,165 136,452 These linanclal slalements have been prep8r8d in accordance with the special provisions relating to small companle5 wilhln Part 15 of Ihe Companies Act 2006. For the flnancl81 year &nded 30 April 2023 Ihg charity was enlltled to exemption from audlt under section 477 of the Companies Act 2006., 8nd no notlce has been d8poslted under socllon 476. The dlre¢tors wnfSrm that the members have nol requlred Ihe company to obtsln an audll of its financSal statgments for the flnan¢ig1 year in question in aGcordance with section 476 of thts Companies Act 2006. The dlreclors acknow16dg& thelr responslbi1leS for 8nsurlng that the charlty keèps accounting records whlch comply with s&ction 386 and for proparing financial statements whlch give a true and falr view of the stale of affairs of the charlty as al the end of Ihg financial ye8r and of Ils profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and whiGh olherwlse comply wit'h the requlremonls of the Companles Act 2006 relating lo financlal statements, so far a5 applicable lo the charity. The financial statements have been prepared in accordance with the provisions applicable lo comp8ni6s subject to tho small companies, reglme and In accordance wSlh FRS 102 'The Flnanclal Rgportlng Standard appllcable in the UK and RepublSc of Ireland" applying Section 1A of that Standard. Approved by the Board of Dlro¢tors and authorlsed for18$uo on 6 February 2024 and slgned on its behalf by steven Corr Dlrgctor Paul Mll Director ar The notes on pages 910 13 fomi part of the financial statements
Black Mountain Shared Space IA company limited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2023 GENERAL INFORMATION Black Mounlaln Shared Space is a company 1Smlted by guarantee Incorporatsd In Northern Ireland. The registered office of the company is which is also the principal place of business of the company. The financial statements have been presented In Pound {£) which is also the functional ¢UJTency of Ihe company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied conslslenlly in deallng with items which are considored material in relation to tho charity's financial statements. Basss of preparatlon The financial statem8nts have been prepared on the going concern basis under the historical cost convention, mi)dSfied lo include certaln items at fair value. The flnan(ial statements have boen prepared in ac¢ordanc8 with the Statem6nt of R8commended Practice ISORPI "Accounting and Reporting by Charities preparing Ihelr accounts In accordance with the Flnancial Reporting Standard appllcabl8 In the UK and Republic of Iland FRS 102" applylng Sectlon 1A of that Standard. AS permitted by the Companles Act 2006, the charlty has varlod the standard form8ts in that act for the Statement of Financlal Activities and the Balance Sheet. Departures from the stsndard formats are to comply with the requirem6nts of the Charlties SORP and are in compliance with seGtSon 4.7, 10.6 and 15.2 of that SORP. statement of compllance The fSftanclal statements of the charity for the Ilnancial year 8nded 31 D8cemb8r 2017 hav& been ppared on the going concern basi5 and in accoidance with the Slat6ment of Recommended Practic& ISORPI "Accounllng and Reporting by Charities preparing their accounts in accordance with the Financlal Reporting Standard appli¢able in the UK and Republic of Ireland FRS 102" applying Section 1A of Ihat Standard. Fund accountlng Th8 following 8re the cat8goris8s of funds maSntslned: Re$trl¢ted funds Restricted funds represent Income rec6ived which can only be used for partlcular purposes, as specifled by the donors. Such purpose8 ar8 Wlthin the overall objectives of the charlty. Unrestrfcted funds Unrestricted funds conslst of General and Designated funds. General lunds represent amounts which are expendable al the discrollon of tho board, In furtherance of the objectives of the Gharity. Designated funds comprise unrestricted funds that the board has, al its discretion, 881 aside for partlcular purposes. These designatlons hav6 an adminislralive purpose only, and do not legally r85tri¢t the board's discretion to apply the fund. Incomo Voluntary income or capital Is Included in the Statement of Flnancial Aclivlli8s when the charity Is 18gally entllled to it, its financial value can be quantified with reasonable Gertainty and there is reasonable Certainty of Its ultimate reGelpt. Entitlement lo legacies Is nsIdered established when the charity has been notified of distribulion to be made by th8 executors. Income received in advance of duo performance under a contract Is accounlod for as deferred income until earned. Grants for actlvities arè recognised as income when the related conditions for legal entitlement have been met. Atl other income is accounted for on an accruals basls. Expenditure All resources expended are accounted for on an accnjals basis. Charitable activities Snclude costs of servlces 8nd grants, support Costs and depreciation on related assets. Costs of generating fijnds slmilarly include lundraising activities. Non-staff costs not attributed lo one category of activity are allocated or apportioned pro-rala lo the staffing of tha relevant servi¢e. Finance, HR, IT and adminislralive staff costs are directly attribulable to individual activities by objective. Governance costs are those associated wlth constitutional and statutory requirements.
Black Mountain Shared Space IA company limited by guarantee. not having a sharo eapitall NOTES TO THE FINANCIAL STATEMENTS continued for the linancial year ended 30 April 2023 Tangible fixod assets and d¢preciatlon Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation 15 calculated lo write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Fixtures. fittings and aqulpment Motor vehicles 15010 Reducing balance 25Yo Reducing balance Cash at bank and In hand Cash at bank and in hand comprlses cash on deposit al banks requiring less than three months notlce ot wilhdrawal. Taxation No curfenl or deferred taxatlon arises as Ihe charity has been granted oharilable exemption. INCOME DONATIONS AND LEGACIES Unr•$trlcted Restrlcted Funds Fund$ 2023 2022 Grants Re1vable Voluntary Income 289,316 289,316 861 302.889 5,210 861 861 289,316 290,177 308,099 INVESTMENTS Unrè8trlct8d Restricted Funds Fund$ 2023 2022 Investmen15 13 13 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2023 2022 Expenditure on charitable a¢tlvltes Governanc& Costs (Note 4.31 285,714 285,714 48,307 288,297 26,254 48,307 285,714 48,307 334,021 314,551 OTHER EXPENDITURE Dlrgct Costs Oth•r Costs Support Costs 2023 2022 Olher expenditur6 2,456 2,456 4,208 GOVERNANCE COSTS Direct Costs other Costs Support Costs 2023 2022 Charitable aclivitles - governance costs 48,307 48,307 26,254 10
Black Mountain Shared Space IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 SUPPORT COSTS Govemanco Costs 2023 2022 Governance Support 1,560 46,747 1,560 46,747 2,200 22.854 48,307 48,307 25,054 ANALYSIS OF SUPPORT COSTS 2023 2022 Gov8rnan¢e Support 1,560 46,747 2,200 22,854 48.307 25,054 NET INCOME 2023 2022 Net Income Is stated aftar charglngllcreditlng): Depreciation of tanglble assets 2,291 4,130 INVESTMENT AND OTHER INCOME 2023 2022 Bank Interest 13 11 EMPLOYEES AND REMUNERATION The staff ¢osls ¢omprise'. 2023 2022 Wages and salarfes 159,905 155,105 TANGIBLE FIXED ASSETS Flxtures, flttlngs and equlpment Motor vehlGleo Totsl Cost At 1 May 2022 Additions 1,697 1,165 15,500 17,197 1,165 At 30 April 2023 2,862 15,500 18,3e2 Depreclatlon Al 1 May 2022 Charge for the financial year 510 353 7,750 1,938 8,260 2,291 At 30 April 2023 863 9,688 10,551 Net book value At 30 April 2023 1,999 5,812 7,811 At 30 April 2022 1,187 7,750 8,937 11
Black Mountain Shared Space IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanGial year ended 30 April 2023 10. CREDITORS Amounts falling due wlthln ong yoar 2023 2022 Taxation and social security costs AcUalS and deferred in¢ome 262 1.800 2,459 1,800 2,062 4,259 11. RESERVES 2023 2022 At Ihe beglnning of th8 year Deficit for th8 financial year 136,452 (46,2871 147,101 110,649} Al the end of the year 90,165 136,452 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS UnrestrlGted Rastrictod Funds Funds Total Funds At l May 2021 Movement durlng the flnancial year 28,983 12,228} 118,118 (8.4211 147,101 110,649) At 30 April 2022 Movement during the financial year 26,755 133,885) 109,697 112,4021 136,452 {46,2871 Al 30 April 2023 17,130) 97,295 90,165 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1May 2022 Income Expendituro Transfers between fvnds Balance 30 April 2023 Restrfcted funds Regtricled Belfast City Councll IFI Grant Funding Communily Foundation Awards for All Ireland Fund IFI Advanced Fundlng PortlCU8 Other Grants DOJ & DOJ Christmas Markel 1193,192) 12,397 137,138 7,500 3,810 8,699 130,433 8,790 10,150 8,697 43,047 60,000 10,690 5.000 301.718 {491,100} 21,096 267,571 16,290 10,150 9,193 85.905 160.000 10,690 7,500 496 42,858 100,000 2,500 109,697 289,316 301,718 97,295 Unrestricted fund$ Unreslricled General 26,755 874 34,759 (7.1301 Total funds 136,452 290,190 336,477 90,165 12
Black Mountain Shared Space IA company limited by guarantee. not having a sharè eapitall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ond8d 30 April 2023 12.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - ¢harlty use Current assets Current liablllties Total Restrlded trust funds 13,067 16,314 {262) 29,119 Unrestricted general funds (5,256) 68,102 (1,800) 61,046 7,811 84,416 (2,062) 90,165 13. 8TATU8 The charlty Is limited by guarante8 not having a share caplt81. The Ilability of the members 18 limited. Every member of the company undertakes to ¢ontribu18 to the assets of the company in the event of its being wound up while they are m8mb8rs, or within one year thereafter, for the payment of th8 debts and liabillties of the company contracted befor& they ceased to be members, and the Costs, chalges and 8xpense5 of winding up, and for the adjustment of the rights of the contributors among Ihemselv8s, such amount as may be required, not exceeding £ l. 14. POST4ALANCE SHEET EVENTS There have been no $igniflGant events affacllng the CharSty slnce the financlal year-8nd. 13
BLACK MOUNTAIN SHARED SPACE IA company limlted by guarante&. not having a share capltall SUPPLEMENTARY INFORMATION RELATI THE FINANCIAL ST TEMENTS R THE FINANCIAL YEAR ENDED 30 APRIL 202 14
Black Mountain Shared Space {A company limited by guarantee, not having a share capltsll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalement for the linancial year ended 30 April 2023 2023 2022 Income 290,177 308,099 Expense5 Wages and salaries staff Iralning Sums paid lo Ihird parties Consultations Programme Costs Rent payable Insuran Cleanlng Repalls and maintenance Printing, postage and stationery Advertising and markoling Telephone Computer Costs Minibus expenses A¢¢ountanGy Bank charges General exp8nses Depiecialion 159,905 3,545 22,064 51,484 52,261 12,459 1,897 1,200 1,593 1,404 18,330 155,105 1,000 31,485 101,707 14,270 2,486 1,200 731 1,801 435 917 1,214 2,200 78 1,292 1,449 1,560 165 3,578 2,291 4,130 336.477 318,759 Mlscellaneous Income Bank interest 13 Not dofl¢lt (46,2871 {10,6491 The supplementary information does not form part of the financial statements 15