**Charity registration number NIC108034** **Company registration number NI653421 (Northern Ireland)** ## **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 JUNE 2024** ## **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr G Ruddock Mr N Wylie Mr W Sergeant **Charity number** NIC108034 **Company number** NI653421 **Registered office** 30a Hunters Hill Gilford Craigavon Co Armagh BT63 6AL **Independent examiner** GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB **Bankers** Danske Bank Donegall Square West Belfast BT1 6JS **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3 - 4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the financial statements|7 - 15| **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 30 JUNE 2024** The trustees present their annual report and financial statements for the year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019). ## **Objectives and activities** The objectives of the charitable company are set out in the Articles of Association of Ballymacanallen Community Association Ltd. The objectives are to carry on activities which benefit the community and in particular (without limitation) to own and manage a community building and provide community services. The charitable company provides the use of the community hall and facilities to local groups. By organising events in the hall such as cultural evenings, educational talks and seminars, coffee mornings, dancing lessons and many other community activities aimed at local wellbeing. The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake. ## **Achievements and performance** During the year the charitable company received funding from the Armagh City, Banbridge and Craigavon Borough Council, as well as other donations. The most outstanding achievement this year was that the charitable company provided on 119 occasions use of the hall to run Pilates classes for Women in the surrounding area. This was to help with their general health and wellbeing, and to meet together regularly. These classes have proved to be very popular since they started, with numbers in attendance increasing. The classes run on Mondays, Tuesdays and Wednesdays. Two sessions run on Tuesday and Wednesday, one in the morning and one in the afternoon. There are very good facilities at the hall to accommodate this type of venture. Other community-based activities continued in the hall during the year. There were six drumming competitions held throughout the year, on Saturdays, with various Drumming Associations involved. These competitions were for both seniors and juniors. They proved very popular with upwards of 90 adults & children in attendance. There were also 6 refresher drumming classes during the year with each class lasting approximately 2 hours. On Thursday mornings during term time, the charitable company was able to accommodate a parent and baby toddler group for preschool children. The hall continues to be used for various other occasions such as private functions, meetings, social gatherings and other activities all aimed at promoting general wellbeing within the community. The charitable company is performing well and is thankful to its members for the effort they have put in, allowing it to continue to provide a safe, warm and welcoming environment for those who attend functions and events in the hall. - 1 - BALLYMACANALLEN COMMUNITY ASSOCIATION LTD {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Financial review The charitable company's financial results are set OLrt in detail on pages 5-15. There is an overall deficrf( for the year of £20,439 (2023 - £731 deficit). Accumulated funds consist of unrestricted fvnds of £83,370 and restricted funds of £149.937. Reserves Due to the nature of the charitys activities. the trustees consider it appropriate to maintain free reserves sufficient to maintain on-going running costs to cover a twelve month penod. The trustees consider a level of £15,000 to be appropriate. structure, governance and management The charitable company is a company limited by guarantee. govemed by its Artides of Association dated 1 June 2018 and revised 10 August 2021. The charitable company is controlled by its trustees who are directors of the company for the purposes of the Companies Act 20C6. The charitable company was registered with the Charity Commission for Northern Ireland on 18 October 2021. The trustees who served during the year and up to the date of signature of the financial statements were: Mr G Ruddock Mr N Wlie Mr W Sergeant Under the requirement of the Articles of Association, trustees can be appointed by ordinary resolution or by a decision of the serving twstees. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The day to day running of the charitable company is overseen by the trustees. In preparing this report, the trustees have tsken advantsge of the small companies exemptions provided by section 415A of the Companies Act 2006. Registered Office.. 30a Hunters Hill Gilford Craigavon Co Armagh BT63 6AL Company Registration No.. N1653421 Charity Registrats'on No.. NIC108034 The trustees, report was approved by the Board of Trustees. Mr G Ruddock Trustee Date.. JusJ2¢2.5 ... CHARTERED ACCOUNTANTS BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALLYMACANALLEN COMMUNITY ASSOCIATION LTD I report to the trustees on my examination of the financial ststements of Ballymacanallen Community Association Ltd (the charitable company) for the year ended 30 June 2024. Responsibilities of trustees and examiner As the trustees of the charitable company (and also tts directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). It is my responsibility to= examine the financial statements under section 65 of the Charities Act {Northem Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(bl of the Act,. and state whether particular matters have come to my attention. Basis of independant examiner's report I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charitable company as required by section 130 of the 2011 Act; or the financial statements do not accord with those records., or the financial ststements do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK anj Republic of Ireland {FRS 102). 17 Mandeville Street PORTADOWN Alfred House 19 Ajfird Street B£LFAsf BT2 8EQ DX3910 NR Belfast SO Centur¥ House 40 Cresttnt Business Park IISBL.RN BT28 2GN Craigavon BT62 3PB Tel: +44 (0)28 3833 2801 Fax:+44 {0)28 3835 0293 Tel.- +44 {0)28 9031 1113 Fax.. +44 (0128 9031 OTn Tel: +44 {0128 9260 7355 Fax: +H {0128 9260 1656 www.gnicgca.com CHARTERED ACCOUNTANTS BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF BALLYMACANALLEN COMMUNITY ASSOCIATION LTD Independent examiners statement I have no concems and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Gillian Johnston ACA GMCG Portadown 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB 17 Mandeville Street AEfred House 19.41fred Street BELFAsf BT2 8EQ DX3910 liR Bdfast 50 cell￿￿" House 40 Crescent Business Park LISBURN r28 2GN ￿￿knd Cr￿saW0n BT62 3PB Tel: +44 (0}28 3833 2801 Fax:+44 (0)28 383S 0293 Tel- +44 (0)28 9031 1113 Fax: +44 (0)28 9031 07r7 Tel: +44 (0)28 9260 7355 Fa￿. +44 (r)128 9260 1656 GMLCisatrathll&DarneotGbfLfjGtOUpLtstsftdRogNo..Mo5￿U510I￿1tsX0r$#￿￿db]e1lW￿*¥j(the ## **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 30 JUNE 2024** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
705
1,250
Charitable activities
**4**
3,740
-
Other income
**5**
-
-
**Total income**
4,445
1,250
**Expenditure on:**
Charitable activities
**6**
12,508
13,626
**Net outgoing resources before transfers**
(8,063)
(12,376)
Transfers between funds
**11**
454
(454)
**Net expenditure for the year/**
(7,609)
(12,830)
**Net movement in funds**
Fund balances at 1 July 2023
90,979
162,767
**Fund balances at 30 June 2024**
83,370
149,937|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
1,955
5,230
11,420
3,740
612
-
-
6,500
-
5,695
12,342
11,420
26,134
13,734
10,759
(20,439)
(1,392)
661
-
-
-
(20,439)
(1,392)
661
253,746
92,371
162,106
233,307
90,979
162,767|**Total**
**2023**
**£**
16,650
612
6,500
23,762
24,493
(731)
-
(731)
254,477
253,746| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 5 - BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Notes Fixed assets Tangible assets 12 210,553 228,852 Current assets Debtors Cash at bank and in hand 13 327 23,462 1.070 26,407 23,789 27,477 Creditors: amounts falling due within one year 14 {1.035) (2,583) Net current assets 22,754 24.894 Total assets less current liabilities 233,307 253,746 Income funds Restricted funds Unrestricted funds 15 149,937 83,370 162,767 90,979 233,307 253,746 The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the CompaniesAct 2006, for the year ended 30 June 2024. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and application of resources. including its income and expenditure. for the financial year in a¢¢ordan¢e with the requirements of sections 394 and 395 and which otherwse Comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the chantable company. The members have not required the company to obtain an audit of its finan￿al statements for the year in question in accordance wth section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements V￿re approved by the trustees on .... 1.:7J.g61 Mr G Ruddock Trustee Company registration number N1653421 **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30 JUNE 2024** ## **1 Accounting policies** ## **Charity information** Ballymacanallen Community Association Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 30a Hunters Hill, Gilford, Craigavon, Co Armagh, BT62 3PB. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charitable company's Articles of Association, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charitable company is a Public Benefit Entity as defined by FRS 102. The charitable company has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company. ## **1.4 Income** Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 7 - **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024** ## **1 Accounting policies (Continued)** Donations in kind are recognised as income when the charitable company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charitable company of the item is probable and that economic benefit can be measured reliably. On receipt, donated facilities are recognised on the basis of the value of the gift to the charitable company which is the amount the charitable company would have been willing to pay to obtain facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **1.5 Resources expended** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. ## (i) Charitable activities This comprises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives. ## (ii) Governance costs Governance costs include the costs of governance arrangements which relate to the general running of the charitable company. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resource. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |Building extension|4% straight line| |---|---| |Kitchen refurbishment|15% straight line| |Hall and toilet block refurbishment|20% straight line| |Equipment, fixtures and fittings|20% reducing balance| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 8 - **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024** ## **1 Accounting policies (Continued)** ## **1.9 Financial instruments** The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled. ## **2 Critical accounting estimates and judgements** In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 9 - **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024** ## **2 Critical accounting estimates and judgements (Continued)** ## **Key sources of estimation uncertainty** ## **Fixed Assets** The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The trustees regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies. ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
705
-
Other grants received
-
1,250
705
1,250|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
705
4,230
-
1,250
1,000
11,420
1,955
5,230
11,420|**Total**
**2023**
**£**
4,230
12,420| |---|---|---| |||16,650| The hall that the charitable company uses for its charitable activities is owned by a third party, and no rent is charged to the charity for its use. As the trustees have been unable to measure the value of the provision of the hall facility, this in-kind donation has not been recognised in these financial statements. ## **4 Charitable activities** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2024**|**2023**| ||**£**|**£**| |Charitable rental income|2,682|612| |Events income|1,058|-| ||3,740|612| |**Other income**||| ||**Total**|Unrestricted| |||funds| ||**2024**|2023| ||**£**|£| |Transfer of Ballymacanallen Community Association (unincorporated)|-|6,500| ## **5 Other income** - 10 - **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** **FOR THE YEAR ENDED 30 JUNE 2024** ## **5 Other income (Continued)** On 29 March 2022 Ballymacanallen Community Association, an unincorporated entity, transferred fixed assets of £47,914, bank balances of £22,168 and a debtor balance of £32,564 to the charitable company for £nil consideration. The debtor balance transferred related to Ballymacanallen Community Association Ltd, thereby cancelling out indebtedness previously recognised in the financial statements of the company. A further amount of £6,500 was released relating to the transfer of the unincorporated entity in the year ended 30 June 2023. ## **6 Charitable activities** |Depreciation and impairment
Repairs
General expenses
Water rates
Heat and light
Excursion expense
Office stationery
Donation
Insurance
Coronation event
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**Total**
**2024**
**£**
19,399
1,606
50
79
935
570
-
-
1,385
250
24,274
219
1,641
26,134
12,508
13,626
26,134|Total
2023
£
16,457
3,227
-
73
2,063
327
182
400
-
-| |---|---|---| |||22,729
249
1,515| |||24,493| |||13,734
10,759| |||24,493| - 11 - ## **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 JUNE 2024** |**7**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**2024**
Support
costs
Governance
costs
**£**
**£**
**£**
£
£
Bank charges
219
-
219
249
-
Accountancy
-
1,641
1,641
-
1,515
219
1,641
1,860
249
1,515
Analysed between
Charitable activities
219
1,641
1,860
249
1,515
**8**
**Net movement in funds**
**2024**
**£**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
19,399|2023
£
249
1,515| |---|---| ||1,764| ||1,764| ||**2023**
**£**
16,457| ## **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. ## **10 Employees** The average monthly number of employees during the year was: ||**2024**|2023| |---|---|---| ||**Number**|Number| |Total|-|-| ## **11 Transfers between funds** An amount of £454 was transferred from restricted funds to unrestricted funds to reflect the release of funds where the restriction no longer applies. - 12 - **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 JUNE 2024** |**12**
**Tangible fixed assets**
**Building**
**extension**
**Kitchen**
**refurbishment**
**Hall and toilet**
**block**
**refurbishment**
**£**
**£**
**£**
**Cost**
At 1 July 2023
195,337
19,508
32,979
Additions
-
-
-
At 30 June 2024
195,337
19,508
32,979
**Depreciation and impairment**
At 1 July 2023
15,314
1,698
7,915
Depreciation charged in the year
8,125
2,974
6,926
At 30 June 2024
23,439
4,672
14,841
**Carrying amount**
At 30 June 2024
171,898
14,836
18,138
At 30 June 2023
180,023
17,810
25,064
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
**14**
**Creditors: amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Equipment,**
**fixtures and**
**fittings**
**£**
7,588
1,100
8,688
1,633
1,374
3,007
5,681
5,955
**2024**
**£**
250
77
327
**2024**
**£**
85
950
1,035|**Total**
**£**
255,412
1,100| |---|---|---| |||256,512| |||26,560
19,399| |||45,959| |||210,553| |||228,852| |||2023
£
20
1,050| |||1,070| |||2023
£
579
2,004| |||2,583| - 13 - **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024** ## **15 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At 1 July 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
162,767
1,250
(13,626)
(454)
**Previous year:**
**At 1 July 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
162,106
11,420
(10,759)
-|**30 June**
**2024**
**£**
149,937
**30 June**
**2023**
**£**
162,767| |---|---| The restricted funds of the charitable company pertain to grants received for expenditure in relation to fixed assets. ## **16 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1 July 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
General funds
90,979
4,445
(12,508)
454
**Previous year:**
**At 1 July 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
General funds
92,371
12,342
(13,734)
-
**Analysis of net assets between funds**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 30 June 2024:**
Tangible assets
60,681
149,872
Current assets/(liabilities)
22,689
65
83,370
149,937|**30 June**
**2024**
**£**
83,370
**30 June**
**2023**
**£**
90,979
**Total**
**2024**
**£**
210,553
22,754
233,307| |---|---| ## **17 Analysis of net assets between funds** - 14 - ## **BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 JUNE 2024** ## **17 Analysis of net assets between funds (Continued)** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 30 June 2023:**
Tangible assets
66,085
162,767
Current assets/(liabilities)
24,894
-
90,979
162,767|**Total**
**2023**
**£**
228,852
24,894| |---|---| ||253,746| ## **18 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 15 -