2025-04-18-accounts - Blackmountain Shared Space

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Black Mountain Shared Space Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 April 2025

Unrestricted funds £ - 115,287 4,620	Restricted funds £ 334,668 - -	2025 Total funds £ 334,668 115,287 4,620	2024 Total funds £ 488,815 - 3,699
119,907	334,668	454,575	492,514
(89,904)	(518,636)	(608,540)	(460,736)
30,003 37,094	(183,968) (37,094)	(153,965) -	31,778 -
67,097 (31,347)	(221,062) 253,265	(153,965) 221,918	31,778 190,140
35,750	32,203	67,953	221,918

The notes on pages 8 to 12 form part of these financial statements.

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Black Mountain Shared Space Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 April 2025

Unrestricted funds £ - 3,699	Restricted funds £ 488,815 -	2024 Total funds £ 488,815 3,699
3,699	488,815	492,514
(15,967)	(444,769)	(460,736)
(12,268) 4,080	44,046 (4,080)	31,778 -
(8,188) (23,159)	39,966 213,299	31,778 190,140
(31,347)	253,265	221,918

The notes on pages 8 to 12 form part of these financial statements.

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Black Mountain Shared Space Balance Sheet As At 30 April 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	10	38,166	-	38,166	9,426
		38,166	-	38,166	9,426
CURRENT ASSETS
Debtors	11	9,865	-	9,865	-
Cash at bank and in hand		274	32,203	32,476	218,719
		10,139	32,203	42,341	218,719
Creditors: Amounts Falling Due Within One Year	12	(12,555)	-	(12,554)	(6,227)
NET CURRENT ASSETS (LIABILITIES)		(2,416)	32,203	29,787	212,492
TOTAL ASSETS LESS CURRENT LIABILITIES		35,750	32,203	67,953	221,918
NET ASSETS		35,750	32,203	67,953	221,918
FUNDS OF THE CHARITY
Restricted Funds				32,203	253,265
Unrestricted Funds				35,750	(31,347)
TOTAL FUNDS	13			67,953	221,918

For the year ending 30 April 2025 the charitable company was entitled to exemption from audit under section 479a of the Companies Act 2006 relating to subsidiary companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Paul Millar Trustee Date 08 Dec 2025

Mr Steven Corr

Trustee

The notes on pages 8 to 12 form part of these financial statements.

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Black Mountain Shared Space Notes to the Financial Statements For The Year Ended 30 April 2025

1. General Information

Black Mountain Shared Space is a company limited by guarantee, incorporated in Northern Ireland, registered number NI645295 and registered charity number 107459. The registered office is 280 Ballygomartin Road, Belfast, BT13 3NG.

2. 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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

The presentational currency is £ sterling and the level of rounding is to the nearest £.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

2.4. Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount

can be quantified with reasonable accuracy and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using

the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Income from government and other grants are recognised at fair value and when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

2.5. Resources Expended

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the

use 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 the spread of staff costs.

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Black Mountain Shared Space Notes to the Financial Statements (continued) For The Year Ended 30 April 2025

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles 25% reducing balance Fixtures & Fittings 15% reducing balance Computer Equipment 15% reducing balance

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

Financial liabilities and equity instruments are classified accordingly to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classes as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.9. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

2.10. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

3. Income from Donations and Legacies

Grants 4. Income from Charitable Activities Shared Space	2025 Restricted funds £ 334,668	2024 Total funds £ 488,815
	2025 Unrestricted funds £ 115,287	2024 Total funds £ -

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Black Mountain Shared Space Notes to the Financial Statements (continued) For The Year Ended 30 April 2025

5. Analysis of Expenditure

Activities undertaken directly £ 23,440 198,332 274,434 - -	Support costs (see note 6) £ - - - 7,433 104,901	2025 Total £ 23,440 198,332 274,434 7,433 104,901
496,206	112,334	608,540
Activities undertaken directly £ 178,173 208,402 - -	Support costs (see note 6) £ - - 2,520 71,641	2024 Total £ 178,173 208,402 2,520 71,641
386,575	74,161	460,736

6. Support Costs

Governance Costs £ - - - - 7,433	Support Costs £ 751 35,152 60,645 8,353 -	2025 Total £ 751 35,152 60,645 8,353 7,433
7,433	104,901	112,334
Governance Costs £ - - - - 2,520	Support Costs £ 1,000 12,750 55,544 2,347 -	2024 Total £ 1,000 12,750 55,544 2,347 2,520
2,520	71,641	74,161

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Black Mountain Shared Space Notes to the Financial Statements (continued) For The Year Ended 30 April 2025

7. Independent Examiner's Remuneration

Independent examination of the financial statements Other assurance services Tax advisory services Other financial services	2025 £ 1,800 - - - 1,800	2024 as restated £ - - - -
		-

8. Staff Costs

Staff costs were as follows:

taff costs were as follows:
	2025	2024
		as restated
	£	£
Wages and salaries	274,434	208,402

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

9. Average Number of Employees

Average number of employees during the year was: 8 (2024: 7)

10. Tangible Assets

Motor Vehicles £ 15,500 -	Fixtures & Fittings £ - 35,516	Computer Equipment £ 7,436 1,578	Total £ 22,936 37,094
15,500	35,516	9,014	60,030
11,141 1,090	- 6,267	2,369 997	13,510 8,354
12,231	6,267	3,366	21,864
3,269	29,249	5,648	38,166
4,359	-	5,067	9,426

11. Debtors

Due within one year Trade debtors Other debtors	2025 £ 9,115 750 9,865	2024 as restated £ - -
		-

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Black Mountain Shared Space Notes to the Financial Statements (continued) For The Year Ended 30 April 2025

12. Creditors: Amounts Falling Due Within One Year

Taxation and social security Accruals and deferred income	2025 £ 3,003 9,551 12,554	2024 as restated £ 3,587 2,640
		6,227

13. Movement in Funds

3. Movement in Funds
	As at 1 May				As at 30
Unrestricted funds General: General unrestricted fund Restricted funds Restricted Funds Total funds Unrestricted funds General: General unrestricted fund Restricted funds Restricted Funds Total funds	2024 £ (31,347) 253,265	Income £ 119,907 334,668	Expenditure £ (89,904) (518,636)	Transfers £ 37,094 (37,094)	April 2025 £ 35,750 32,203
	221,918	454,575	(608,540)	-	67,953
	As at 1 May 2023 £ (23,159) 213,299	Income £ 3,699 488,815	Expenditure £ (15,967) (444,769)	Transfers £ 4,080 (4,080)	As at 30 April 2024 £ (31,347) 253,265
	190,140	492,514	(460,736)	-	221,918

Fund transfers relate to the transfer of fixed assets to unrestricted funds.

Prior year adjustment

Support costs which had been funded by restricted funds had been allocated to unrestricted funds in the previous year. The prior year adjustment refects this movement from unrestricted reserves to restricted reserves.

14. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

15. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

16. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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