Company Registration No: N1681109
Company Charlty No: 107875
THE BRAID DEVELOPMENT GROUP LTD
Company limited by guarantee
Director< report and financial ststements
For the year ended 31 March 2023

The Braid Development Group Ltd
Company Limited by Euardntee
For the year ended 31 March 2023
Contents
Director￿ Report
24
Independent Examiners Report to the Directors of
The Braid Development group Ltd
on the Unaudited Financial Ststements
Statement of Financial Actwities
Balance Sheet
Notes to the Financial Statements
i(>ii
The following do not forni part of the financial statements
Detsiled income and expenditure account
13

The Braid Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
Directors
Stephen Marks
Gregory Barr
Gillian Forrest
David Hagan
Company Number
N1681109
Charity Number
107875
Registered Office
42 Carnalbanagh Road
Glenami
Ballymena
BT44 ODQ
Independent Examiner
Brian Boyd
Bankers
Ulster Bank

The Braid Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
The Dlrectors. Report
The directors of the company present therr ￿port and the financial ststements forthe year ended 31
March 2023.
Principal Actlvlties
The Companls objett5 are specifically restricted to the following:
li) The advan￿ment of urban and rural regeneration, redevelopment and
revitalization, and the advancement of heritage and community development in
the Northern Ireland Council Areas of Mid and East Antrim and Causeway Coast
and Glens by:
a) PromotinR economic develoDment for the benefft of the Reneral Dublic:
bl Supporting and developing the work of communty-based and voluntary groups in
charitable activity by providin8 SUPPOrt services, accommodation, facilities and
other venues.
The Directors are satisfied that the company has achieved its objectwes in the year under review.
Dlrectors
The comoanv is governed bv its Memorandum and Articles of Association.
The Directors who served during the year are as stated below:
Stephen Marks
Gregory Barr
Gillian Forrest
David Hagan
In accordance with the Articles of Association Directors shall be elected by the members at an Annual
General Meeting.
Directors have assessed major risks to which the company is exposed. in particular those related to
the operations and finances. and are satisfied that systems are in place to mitigate exposure.
Page 2

The Braid Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
The Directors. Report
Financial Revlew
Total incoming resources amounted to £0 and after deducting totsl ￿sOurceS expended of £2,049 net
incominR ￿SOurceS amounted to1£2.049).
At the year*nd unrestricted funds amounted to £388 and restricted fvnds amounted to £2,868.
Statement of Directorg Responslbllltles
The Directors are responsible for preparing the Directors, Annual Report and the financial ststements
in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom
Generalty Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year which give
a true and fair view of the charitable company and the incoming resources and application of the
resources, including the net income or expenditure. of the charitable company for the year. In
preparing these financial ststements, the Directors are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP
make judgements and estirnates that are reasonable and prudent:
state whether applicable UK Accounting Standards have been followed, subject to anv
material departures disc105ed and explained in the financial ststements:
prepare the financial ststements on a going con￿rn basis unless it is inappropriate to
Dresume that the charitable comDanv will continue in ODeration.
The Directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and which enable them to ensure
that the financial statements comply with the Companies Act 21XJ6. 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.
Small Company Provisions
This report has been prepared in accordance with the special provisions for small companies under
Part 15 of the Companies Act 2(X)6.

The Braid Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
The Dlrectors, Report
Thi5 reDOrt was aDDroved bv the Directors at the meetin2 on 18 Januarv 2024 and si2ned on its behalf
bv
Stephen Marks
Dirertor
Page 4

The Braid Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
Independent Examiners Report to the Dirertors of The Braid Development Group Ltd
I report on the accounts of the company forthe year ended 31 March 2023 Set out on pa8es 7 to 13.
Respectlve responsibilities of trt￿ and examiner
As the charity trustees (and also the dtrectors of the company for the purposes of company law) you
are resDonsible for the preparation of the accounts in accordance with the reouirements of the
Companies Act 21X)6. 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:
{1) Examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
{2) Follow the procedures laid down in the general Directions given by the Charity
Commission for Northern Ireland under Section 65(9){b) of the Charities Act; and
{3) State whether particular matters have come to my attention.
Basis of Independent examinerfs report
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 Charities
Commission for Northem Ireland under section 65(9}{b) of the Charities Act. The 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 seekin8 explanations from you as charity trustees concerning any such matter5.
My role is to state whether any material matters have come to my attention gNing me cause to
believe".
(l) The accounting records were not kept in accordance with section 386 of the Companies
Act 2(X)6
(2) That the accounts do not accord with those accounting ￿CordS
(3} That the accounts do not comply with the accountin8 requirements of section 396 of the
Companies Act 2(K)6 and with the methods and principles of the Charities Statement of
Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable to in the UK and Republic of Ireland.
(4) That there ts further information needed for a proper understanding of the accounts to
be reached.
Paee 5

Independent examlners statement
I have completed my examination and have no concerns in respect of the matters {1} to (4) listed
above and in connection wtth following the Directors of the Charity Commission for Northem Ireland,
I have found no matters that require your attention.
Independent Examinerfs Report to the Trustees of
The Braid Development Gmup Ltd
Brian Boy
10 January 2024
Page 6

The Braid Development Group Ltd
Company Limited by Guarantee
for the year ended 31 March 2023
Note Unrestrirtd Restrirted
Funds
Funds
Total
Funds
2023
Incomin
Resources
Grants received
Bank Interest
Donations
Totsl incoming resources
Resources
nded
Charitable activities
Administration expenses
2.032
2,032
17
17
Total Resources Expended
17
2.032
2.049
Net (outgolng)/incoming resources for the
year being net movement in funds
Funds brought forward
405
(17)
5.305
(2,049)
(2,0321
Funds arried forward
388
2,868
3,256
All amounts relats to continued activities
Page 7

The Braid Development Group Ltd
Company Limited by Guarantee
Balance Sheet
for the year ended 31 March 2023
Notes
2023
CURRENT ASSErs
Cash at bank
3.256
CREDITORS
Amounts falling due within one year
NEf CURRENT A55Ers
3.256
TOTAL ASs￿s LESS CURRENT UABIUTIES
3.256
NEf ASSErs
3,256
FUND5
Unrestricted Funds
Restricted Funds
2,868
TOTAL FUNDS
3,256
Page 8

The Brald Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
Balan￿ Sheet Contlnued:
The charrtable company is entitled to exemption from audit under Section 257A of the Companie5
{Northern Ireland) order 1986 for the year ended 31 March 2023.
The members have not required the charitable company to obtain an audit of its financial statements
for the year ended 31 March 2023 in accordan￿ with Article 257B(2) of the Companies {Northern
Ireland) order 1986.
The trustees acknowledge their responsibilities for
(a) Ensuring that the charitable company keeps accounting records that comply with Section
386 and 387 of the Companies Art 2Q)6 and
(b) Preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for
each financial year in accordance with the requirements of Section 394 and 395 and which
otherwise comply with the requirements of the Companies Act 21X)6 relating to financial
statements. so far as applicable to the charitable company.
These financial statements have been prepa￿d in accordance with the special provisions of Part 15 of
the Companies Act 2CK16 relating t0 Small charitable companies and with the Financial Reporting
Standard for Smaller Entities {effective January 2015}.
The financial statements were approved by the Board of Trustees on 18 January 2024 and were
signed on its behalf by:
step
n Marks
Trustee/Director
The notss forni part of the financial statements
Page 9

The Braid Development Group Ltd
Company Limited by guarantee
For the year ended 31 March 2023
Notes to the Financial Statements
I. ACCOUNTING pouaES
a) Basls of preparing financial statements
The financial statements are prepared on the going concern basis.
b) Accounting convention
The financial ststements have been prepared underthe historical cost convention and
in accordance with the Financial ReFM)rting Standard for Smaller Entities {effective
April 2(K)8), the Companies Act 2(X16 and following the recommendations in
Accounting and Reporting by Charities: Statement of Recommended Practice {SORP
2CK)5) issued in March 2(X)5.
c) Incoming Resources
Incoming resources are included in the Statement of Financial Activities in the period
in which they are re￿1Vable.
Grant income is included in the period of receipt.
d) Expenditure
Expenditure is recognised in the period in which it is incurred and is allocated to
expense headings on a direct basis.
e) Funds
The charitable company has two types of funds for which it is responsible. A
definition of the two types of funds is as follows:
Restricted Funds
Funds received which are earmarked by the donor for specific purposes. Such
purposes are within the overall aims of the company.
Unrestricted Funds
Funds which are expendable at the discretion of the directors and have been
designated for specific purposes to further the objects of the charity.
Page 10

Notss to the Financial Statemeftts- Contlnued
2. INCOMING RESOURCES
All incoming resources are included on the Statement of Financial Activities when the
charity is legalty entitled to the income.
Grants
Revenue grants are credited to incoming resources on the earlier of the date of
when they are received or when they are receivable.
Donations
Donation5 are credtted to incoming resources in the period to which they relate.
3. DEBTORS
2023
Trade Debtors
4. CREDITORS
2023
Trade c￿dItorS
5. FUNDS
Restricted Unrestricted Total
Fund
Fund
At l April 2022
Net loutg05ng)/incoming resources for the year
At 31 March 2023
4.9(X)
5.305
(2.032) (2,049)
z￿ 3.256
(17)
& TrANSACTIONS WITH DIREcfoRS
None of the Directors. or any person associated with them has received or is due to
receive any renumeration for the year. either dirertty or indirectly from the company
funds.
7. COMPANY UMITED BY GUARANTEE
The company is registered under the Companies Act 2tK)6 and is a company limited by
guarantee. The members of the company are the directors named on page l. The
company is also an exempt charity.
Page 11

The Braid Development Group Ltd
Company Limited by guardntse
For the year ended 31 March Z023
Management Infornh*ion
The following pages do not fomi part of the statirtory accounts

The Braid Development Group Ltd
Company limited by Guarantee
for the year ended 31 March 2023
Detsiled Income & ExDenditure Account
21YLS
INCOMING RESOURCES
Cirantt
Bank Interest
Donations
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Bank Fees
Company House Fee
Training
Professional Fees
Events
13
540
150
1,342
TOTAL RESOURCES EXPENDtv
2.U4Y
NEf EXPENDITURE
Page 13