## **Black Mountain Shared Space Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 April 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities
**4**
Other
**EXPENDITURE ON:**
Charitable activities
**5**
**NET (EXPENDITURE)/INCOME**
Transfers between funds
**13**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13**|**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. Page 5 ## **Black Mountain Shared Space Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 April 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Other
**EXPENDITURE ON:**
Charitable activities
**5**
**NET INCOME**
Transfers between funds
**13**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13**|**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. Page 6 ## **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. Page 7 **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. Page 8 ## **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**
**£**
-| Page 9 **Black Mountain Shared Space Notes to the Financial Statements (continued) For The Year Ended 30 April 2025** ## 5. **Analysis of Expenditure** |Shared Space
Grant Expenditure
Salaries
Governance Costs
Support Costs
Grant Expenditure
Salaries
Governance Costs
Support Costs|**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** |Employee costs
Premises expenses
General administration
Depreciation
Governance costs
Employee costs
Premises expenses
General administration
Depreciation
Governance 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| Page 10 ## **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** |**Cost**
As at 1 May 2024
Additions
As at 30 April 2025
**Depreciation**
As at 1 May 2024
Provided during the period
As at 30 April 2025
**Net Book Value**
As at 30 April 2025
As at 1 May 2024|**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**
**£**
-
-| |---|---|---| |||-| Page 11 ## **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. Page 12