Charity registration number NIC108034 (Northern Ireland) Company registration number NI653421
BALLYMACANALLEN COMMUNITY ASSOCIATION LTD
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr G Ruddock Mr N Wylie Mr L Deans
(Appointed 15 January 2026)
Charity number (Northern Ireland) 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
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 - 14 |
BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025
The trustees present their annual report and financial statements for the year ended 30 June 2025.
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 grant funding from Armagh City, Banbridge and Craigavon Borough Council, this was to assist with heating oil and electric costs. There were also donations from various individuals and organisations.
The most outstanding achievement this year was that the charitable company provided 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 Monday and Tuesday, one in the morning and one in the afternoon. There is only one session on a Wednesday. Each class lasts one hour and the total for the year was 210 hours. The facilities at the hall are well suited to accommodate this type of venture.
Drumming competitions continued during the year with three run by Lagan Valley Association, two by Armagh Association and one by South Down Association. Competitions were also run for both Junior and Seniors. This has proved very popular with approximately 90 people at each event. Refresher drumming classes have also been run so that people can improve their skills.
The hall continues to be used for various other functions, including Easter Praise Service, Harvest Service, Christmas Carol Service, Big Breakfast and Barbeque events, team events and quiz nights, social evenings, DVD evenings, birthday parties and other family events.
The hall is available to all local groups provided they book through one of the trustees and agree to return the hall in the condition they got it in. It is a safe and welcoming environment for all those who chose to use the hall.
Financial review
The charitable company's financial results are set out in detail on pages 5-14.
There is an overall deficit for the year of £15,971 (2024 - £20,439 deficit). Accumulated funds consist of unrestricted funds of £78,355 and restricted funds of £138,981.
Reserves
Due to the nature of the charity's activities, the trustees consider it appropriate to maintain free reserves sufficient to maintain on-going running costs to cover a twelve month period. The trustees consider a level of £15,500 to be appropriate.
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Structure, governance and management
The charitable company is a company limited by guarantee, governed by its Articles 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 company law.
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 Wylie
Mr W Sergeant (Resigned 15 January 2026) Mr L Deans (Appointed 15 January 2026)
Under the requirement of the Articles of Association, trustees can be appointed by ordinary resolution or by a decision of the serving trustees.
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 taken advantage 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: NI653421
Charity Registration No: NIC108034
The trustees’ report was approved by the Board of Trustees.
Mr G Ruddock
Trustee
date:/F-. =— ZOZGS
ee
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CHARTERED ACCOUNTANTS
BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALLYMACANALLEN COMMUNITY ASSOCIATION LTD
| report on the financial statements of the charitable company for the year ended 30 June 2025, which are set out on pages 5 to 14.
Responsibilities of trustees and examiner
As the trustees of the charitable company (and also its 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:
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¢ examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008;
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e follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Act; and
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e state whether particular matters have come to my attention.
Basis of independant examiner's report
| have completed my examination and | have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.
- accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006.
2 _ the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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17 Mandeville Street Alfred House Century House coareedre Portadown 19 Alfred Street 40 Crescent Business Park Craigavon Belfast Lisbann Tel: +44 (0)28 3833 2801 +44 (0)28 3833 2801 (0)28 3833 2801 3833 2801 2801 Tel: +44 (0)28 9031 1113 Tel: +44 (0)28 9260 7355 ae...
Tel: +44 (0)28 3833 2801 +44 (0)28 3833 2801 (0)28 3833 2801 3833 2801 2801
Chartered Accountants | Registered Auditors | CharteredTax Advisors | Forensic Accountants | Corporate Finance Advisors GMcG is a trading name of GMcG Group Limited. Reg No: NI059660. List of Directors available at registered office Registered to conduct audit work by the Institute of Chartered Accountants in Ireland A Member of TIAG®- A Worldwide Alliance of Independent Accounting Firms
www.gmcgca.com
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
| have no concerns and have come across no other matters in connection with 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.
GM PRATon, Gillian Johnston ACA
GMcG Portadown
17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB
Dated: LA..MARCH 2006
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 2,301 2,165 Charitable activities 4 3,527 - Total income 5,828 2,165 Expenditure on: Charitable activities 5 10,843 13,121 Net outgoing resources before transfers (5,015) (10,956) Transfers between funds 9 - - Net expenditure for the year/ (5,015) (10,956) Net movement in funds Fund balances at 1 July 2024 83,370 149,937 Fund balances at 30 June 2025 78,355 138,981 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 4,466 705 1,250 3,527 3,740 - 7,993 4,445 1,250 23,964 12,508 13,626 (15,971) (8,063) (12,376) - 454 (454) (15,971) (7,609) (12,830) 233,307 90,979 162,767 217,336 83,370 149,937 |
Total 2024 £ 1,955 3,740 5,695 26,134 (20,439) - (20,439) 253,746 233,307 |
|---|---|---|
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.
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET
AS AT 30 JUNE 2025
| AS ATAT 30 JUNE 2025 | AS ATAT 30 JUNE 2025 | AS ATAT 30 JUNE 2025 | AS ATAT 30 JUNE 2025 | AS ATAT 30 JUNE 2025 | AS ATAT 30 JUNE 2025 |
|---|---|---|---|---|---|
| as eee |
|||||
| 2025 | 2024 | ||||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangibleassets | 10 | 193,178 | 210,553 | ||
| Current assets | |||||
| Debtors Cash atbank and in hand |
11 | 100 25,390 |
327 23,462 |
||
| Creditors: amounts falling due within | 25,490 | 23,789 | |||
| oneyear | 12 | (1,332) | (1,035) | ||
| Netcurrentassets | 24,158 | 22,754 | |||
| Totalassets less current liabilities | 217,336 | 233,307 | |||
| Income funds | |||||
| Restricted funds Unrestrictedfunds |
13 | 138,981 78,355 |
149,937 83,370 |
||
| 217,336 | 233,307 |
The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.
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 accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with 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 were approved by the trustees on f9/32026
MrG fe
Trustee
Company registration number NI653421
sseee -6-
BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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, BT63 6AL.
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.
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
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) Support costs
This comprises costs that enable the charitable activities but cannot be directly attributed to a single project.
(iii) 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).
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies (Continued)
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.
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.
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
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 2025 2025 £ £ Donations and gifts 2,301 - Other grants received - 2,165 2,301 2,165 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 2,301 705 - 2,165 - 1,250 4,466 705 1,250 |
Total 2024 £ 705 1,250 |
|---|---|---|
| 1,955 |
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 | |
| 2025 | 2024 | |
| £ | £ | |
| Charitable rental income | 2,517 | 2,682 |
| Events income | 1,010 | 1,058 |
| 3,527 | 3,740 |
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
5 Charitable activities
| Depreciation and impairment Repairs General expenses Water rates Heat and light Excursion expense Insurance Coronation event Share of support costs (see note 6) Share of governance costs (see note 6) Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Bank charges 163 - Accountancy - 1,470 163 1,470 Analysed between Charitable activities 163 1,470 |
Total 2025 £ 18,745 676 - 46 1,113 500 1,251 - 22,331 163 1,470 23,964 10,843 13,121 23,964 2025 Support costs Governance costs £ £ £ 163 219 - 1,470 - 1,641 1,633 219 1,641 1,633 219 1,641 |
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 | ||
| 2024 £ 219 1,641 |
||
| 1,860 | ||
| 1,860 |
6 Support costs
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
8 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
9 Transfers between funds
In 2024, an amount of £454 was transferred from restricted funds to unrestricted funds to reflect the release of funds where the restriction no longer applied.
10 Tangible fixed assets
| Building extension Kitchen refurbishment Hall and toilet block refurbishment £ £ £ Cost At 1 July 2024 195,337 19,508 32,979 Additions - - - At 30 June 2025 195,337 19,508 32,979 Depreciation and impairment At 1 July 2024 23,439 4,672 14,841 Depreciation charged in the year 7,813 2,926 6,596 At 30 June 2025 31,252 7,598 21,437 Carrying amount At 30 June 2025 164,085 11,910 11,542 At 30 June 2024 171,898 14,836 18,138 Debtors Amounts falling due within one year: Trade debtors Other debtors |
Equipment, fixtures and fittings £ 8,688 1,370 10,058 3,007 1,410 4,417 5,641 5,681 2025 £ - 100 100 |
Total £ 256,512 1,370 |
|---|---|---|
| 257,882 | ||
| 45,959 18,745 |
||
| 64,704 | ||
| 193,178 | ||
| 210,553 | ||
| 2024 £ 250 77 |
||
| 327 |
11 Debtors
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
12 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Accruals and deferred income |
2025 £ 92 1,240 1,332 |
2024 £ 85 950 |
| 1,035 |
13 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 2024 Incoming resources Resources expended Transfers At £ £ £ £ 149,937 2,165 (13,121) - Previous year: At 1 July 2023 Incoming resources Resources expended Transfers At £ £ £ £ 162,767 1,250 (13,626) (454) |
30 June 2025 £ 138,981 |
|---|---|
| 30 June 2024 £ 149,937 |
The restricted funds of the charitable company pertain to grants received for expenditure in relation to fixed assets.
14 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 2024 Incoming resources Resources expended Transfers At £ £ £ £ General funds 83,370 5,828 (10,843) - Previous year: At 1 July 2023 Incoming resources Resources expended Transfers At £ £ £ £ General funds 90,979 4,445 (12,508) 454 |
30 June 2025 £ 78,355 |
|---|---|
| 30 June 2024 £ 83,370 |
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
15 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2025 2025 £ £ At 30 June 2025: Tangible assets 54,197 138,981 Current assets/(liabilities) 24,158 - 78,355 138,981 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 |
Total 2025 £ 193,178 24,158 |
|---|---|
| 217,336 | |
| Total 2024 £ 210,553 22,754 |
|
| 233,307 |
16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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