Ballymacash Regeneration Network ststement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Charitable activitie5'. Charitable activities Lisburn and Castlereagh Council Other income NIHE 25,272 48,045 7,188 6,794 37,037 31,225 3,902 87,299 72,164 EXPENDITURE ON: Charitable activities: Charitable activities (90,701) (72,424) EXPENDITURE (3,402) 1260) MOVEMENT IN FUNDS (3,402) (260) RECONCILIATION OF FUNDS: Total funds brought forward 6,507 6,767 TOTAL FUNDS C4RRIED FORWARD 3,105 6,507 The notes on pages 7 to 8 form part of these financial statements. Page 5
Ballymacash Regeneration Network statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted funds Totsl funds Notes CURRENT ASSETS Cash at bank and in hand 3,105 6,507 3,105 6,507 6,507 CURRENT ASSETS (UABILITIES) 3,105 TOTAL ASSEfs LESS CURRENT LIABILrrIES 3,105 6,507 NEf ASSETS 3,105 6,507 FUNDS OF THE CHARITY Unrestricted Funds 3,105 6,507 TOTAL FUNDS 3,105 6,507 On behalf of the board Julieanne Audley Trustee Date The notes on pages 7 to 8 fom part of these financial statements. 27 Jan 2026 Page 6
Ballymacash Regeneration Network Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Ballymacash Regeneration Network is an unincorporated charity registered with the Charity Comrnission, registered charity number 107517. The principal address is 29 Rathvama Drive, Lisburn, Antrim, BT28 2UB. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the the Charitie5 Act 2008, and Regulation 32 of the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015. The accounts are prepared on the receipts and payments basis. The charity is a Public Benefit Entity. 2.2. Going Conrn Disclosure The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charity'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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.4. 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. 2.5. Pensions The charity operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordan with the rules of the scheme. 3. Analysis of Expenditure 2025 Activities undertaken directly Support costs Total Charitable activities 55,393 35,308 90,701 2024 Activities undertaken directly Support costs Total Charitable attivities 54,039 18,385 72,424 Page 7
Ballymacash Regeneration Network Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 4. Staff Costs staff costs were as follows: 2025 2024 Wages and salaries Other pension costs 20,122 1,508 20,730 21,630 20,730 No employee5 received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 5. Average Number of Employees Average number of ernployees during the year was: 2 (2024: 2) 6. Transartions with Trustees None of the trustees reiVed any remuneration or any other benefits from an employment with the charity Dr a related entity during the Cunt or previous year. 7. Related Party Disclosures There have been no related party transartions in the reporting period that require disclosure, except for those disclosed in the Transartions with Trustees note. Page 8