THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
(A company limited by guarantee)
Annual Report and Financial Statements
for the year ended 30 September 2023
Company Limited by Guarantee Northern Ireland (N1685284)
Registered Charity in Northem Ireland (NIC108744)

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT
The trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements of the charitable company forthe year ended 30 September 2023.
REFERENCE AND ADMINisfRATIVE DETAILS
The Ballyclare High School Foundation Ltd
31 Rashee Road
Ballyclare
BT39 9HJ
Company Registered by Guarantee Northern Ireland (N1685284)
Registered Charity in Northern Ireland (NIC108744)
DIRECTORS
The Directors who served during the year or who were directors at the date of this report were:
Mr Aran Blackbourne
Miss Margaret Gray
Mr Wilbert Hollinger
Mr Steven Lowry
Mrs Emma Matebalavu
Mr Michael McKinstry
Dr Michelle Rainey
INDEPENDENT EXAMINER
Simon Hopper FCA
Hopper & Co
6 Doagh Road
Ballyclare
BT39 9BG
BANKERS
Danske Bank Limited
18 The Square
Ballyclare
BT39 9BB

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT {conVd)
DESCRIPTION AND PURPOSE
The purpose of The Ballyclare High School Foundation Ltd. ( BHSF") is to advance the education of the
pupils attending Ballyclare High School (BHS) through enhancing their opportunities, educational
outcomes and life chances in line with the school's wider vision of 'developing lifelong learners in
caring creative communitv.
The BHSF aims to create an environment in which relationships with alumni and friend5 of BHS can be
developed and cultivated on a mutually beneficial basis and in so doing engender opportunities to
support and advance the education of the pupils attending BHS.
BHS ('the school'} is a co-educational non-denominational grammar school located in Ballyclare,
Northern Ireland. It is a controlled school operating under the management of a suitably appointed
Board of Governors which includes representatives from Department for Education INI), the Education
Authority, parents and teachers. There are cl,250 pupils attending the school and The Education
Authority for Northern Ireland is the employing authority.
STRucfuRE AND MANAGEMENT
"BHSF" has been established as a company limited by guarantee (N1685284) and as a registered charity
with Charity Commission for Northern Ireland {NIC108774).
Whilst BHSF operates as a separate legal entity from the school, its sole object is the advancement of
the education of the pupils attending BHS.
BHSF has a strong governance framework in place over its purpose and operation including the
appointment of a board of directors, all of whom are passionate about and have long-seated
connections with BHS.
Each of the directors is highly committed to the aims of the Foundation and bring a wealth of experience
and professionalism to the role.
VISION & STRATEGY
The Board of Governors of the school has recently developed a strategy for the development of
connections with alumni and friends of the school with the vision of maintaining rnutually beneficial
lifelong relationships with past pupils, parents and friends.
The creation of the BHSF is a key aspect of this strategy establishing a vehicle to create opportunities to
enhance engagement and involvement with alumni, parents and friends in both school activities and
through fundraising initiatives.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES. ANNUAL REPORT (convd)
ACTIVITIES AN D OBJ EcfivES
BHSF was registered as a company limited by guarantee on 25th January 2023 and as a charity with the
Charity Commission for Northern Ireland on 17th August 2023. The Company was dormant at the 30
September 2023 hence these accounts represent the l year of its operation.
Launch Campaign
Following on from its registration, the company was formally launched in October 2023 with the
announcement of the Bright Futures Campaign as its launch fund.
The Bright Futures Campaign aims to raise £300,000 by the end of 2025 to support two overarching
areas of need:
£150,000 towards an Opportunities Fund aimed at improving educational, physical and creative
opportunities at the school through the investment in learning resources, sport and active
recreation, music and the arts.
£150,000 towards a Support Fund aimed at enhancing support towards health and wellbeing
services and in providing spaces in which pupils can grow and thrive.
Support for the Foundatlon
The Foundation has established various ways in which 5UPPOrt can be provided- by becoming a
'Founding Member, and making a large donation over the course of the launch period; through the
making of regular or one-off donations to the launch fund or other purpose as specified. or through
organising or supporting specific fundraising activities as these are developed.
The Foundation was delighted to organise its inaugural alumni event in March 2023, being a Celebration
of Rugby Gala Ball, commemorating the 50th anniversary of winning The Schools, Cup and the love and
passion that rugby over the years has engendered within the school family.
This event was a wonderful example of the benefits of the Foundation in practice, providing
opportunities to celebrate, engage with friends and alumni and in so doing create opportunities to
support the school and its pupils today through the fundraising activity which ran alongside the event.
Public Beneftt
The BHSF has been established to help raise funds, encourage a culture of philanthropy in the school
community and issue grants to advance the education of the pupils attending BHS.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES. ANNUAL REPORT (cont'd)
The direct benefits which flow from the organisation's purpose include enhanced educational
opportunities and improved life chances for pupils attending BHS. These benefits can be demonstrated
through improved educational outcomes and opportunities. There is no harm arising from the
Foundation's purpose. The beneficiaries are pupils attending BHS. There is no private benefit flowing
from the Foundation's purpose.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act
2008 to have due regard to the public benefit guidance published by The Charity Commission for
Northern Ireland.
ACHIEVEMENTS AND PERFORMANCE/FINANCIAL REVIEW
th
Total Income of the Foundation for the initial perlod since its launch until the 30 September 2023 was
£202,138 with expenditure during that period arnounting to £19,055.
Achievements during this period include securing a number of higher-level donations from supporters
who will be recognised as 'Founding Members, and recurring monthly gifts from regular donors. hosting
a successful Celebration of Rugby at BHS Gala Ball event in the Titanic Belfast. and securing donations
from parents towards the School Fund which are now eligible for Gift Aid.
Parental contributions to the School Fund have subsequently been forwarded to the school to be used
to support areas of need identified by the school leadership team with any Gift Aid applicable being
released in due course once the annual claim to Inland Revenue has been made.
RESERVES POLICY
The policy of the trustees is not to accumulate reserves but to use reserves in the promotion of the
charity's objertives. With regard to the Bright Futures Campaign the trustees have targeted an initial 3-
year fundraising period with funds being released once suitable applications have been received by the
school in line with Award Policy agreed by the Trustees. Therefore it would be expected that reserves
will build up across the initial period with awards being made level of funds raised is better known and
therefore projerts can be prioritised appropriately.
With regard to other funds received such as donations to the school fund and other specific donations
made by donors, these will be released to the school in a timely manner in order to serve the manner in
which they were made.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT (convd)
FUTURE PLANS
The Foundation will continue to focus on development of links with alumni and friends of the school
through events and other ventures in order to fulfil its purpose of advancing the education of the pupils
attending BHS,
In the forthcoming year it is hoped to develop new networking opportunities with alumni, embrace any
specific opportunities to support the school brought forward by donors and to continue fundraising
activity associated to Bright Futures Campaign and commence awarding of grants to the school in line
with the aim of this campaign.
STATEMENT OF TRUSTEE RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and the financial statements of the
Foundation in accordance with applicable law and generally accepted accounting practice.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the Foundation's transactions and disclose with reasonable accuracy at any time its financial
position. They are also responsible for safeguarding the assets of the Foundation and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
half by:
Approved by the directors at a meeting on 19th June 2024 and signed on i
Nam
Michelle Rainey
Narne: Michael McKinstry
Director & Trustee
Director & Trustee
Date: 19th June 2024
th
Date: 19 June 2024

INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS OF THE BALLYCLARE HIGH SCHOOL
FOUNDATION LTD
I report on the financial statements of The Ballyclare High School Foundation Ltd for the year ended 30
September 2023 which are contained within the Report.
Respectlve responsibilities of trustees and independent examiner
The Ballyclare High School Foundation's directors re responsible for the preparation of the financial statements in
accordance with the terms of the [Charities Act (Northern Ireland) 2C()8].
The Ballyclare High School Foundation's directors consider that an audit is not required under section 65{2)
(audit) of the Charitie5 Act (Northern Ireland) 2008 for the year and that an independent examination under
section 64{11 of the Charities Att (Northern Ireland) 2008 is required.
It is my responsibility to..
examine the accounts
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out under Section 65 of the Charities Act (Northern Ireland) 2008. An examination
includes 3 review of the accounting records kept by the Foundation and a comparison of the financial statements
presented with those records. It 3150 includes consideration of any unusual items or disclosures in the f inancial
statements, and seeking explanations from the trustees concerning any such matters. The procedures do not
provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion
on the view given by the financial statements.
Independent examiner's Statement
In the course of my examination, no matter has come to my attention:
{1) which gives me reasonable cause to believe that in any material respect the requirements".
to keep proper accounting records in accordance with Section 63 of the charities Act (Northern Ireland)
2008, and
to prepare financial statements which accord with the accounting records in accordance with Section 64
of the Charities Act (Northern Ireland) 2008 have not been met; or
(2} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial
state
nts to be reached.
S Hopper FCA
Partner
Hopper & Co XX June 2024

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
STATEMENT OF FINANCIAL ACTIVETY (INCLUDING INCOME AND EXPENDITURE ACCOUNn
for the year ended 30 September 2023
Note Unrestricted
Funds
Restricted
Funds
Total
2023
Income from:
Donations and legacies
Charita ble Activities
108,083
37,712
56,343
164,426
37,712
Total Income
145,795
56,343
202,138
Expendlture on:
Cha ritable activities
19,055
19,055
Total Expenditure
19,055
19,055
Net Income
126,740
56,343
183,083
Net movement in funds
Funds brought forward
126,740
56,343
183,083
Funds carried forward
10
126,740
56,343
183,083
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
(REGISTRATION NUMBER N1685284}
BALANCE SHEET
As at 30 September 2023
Note
2023
2022
Current Assets
Cash and cash equivalent5
Totsl current assets
184,103
184,103
Creditors: amounts falling due within one year
Total Creditors
1.020
1,020
Net Current Assets
183,083
Total Net Assets
183,083
Funds of the charity
Unrestricted funds
General funds
Designated funds
10
240
126,500
126,740
Restricted funds
School Funds
History Book Fund
Defibrillator Fund
10
51,905
3,000
1,438
56,343
Total charity funds
183,083
For the financial year ending 30 September 2023 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibil ities:
The members have not required the charity to obtain an audit of its accounts for the year in question
in accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
(REGISTRATION NUMBER N1685284)
BALANCE SHEET
As at 30 September 2023
These financial statements have been prepared in accordance with the special provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements were approved by the board of trustees and authorised for issue on 19th June
2024 and are signed on behalf of the board by".
Name:
tch￿*"neY
Name: Michael McKinstry
Director & Trustee
Director & Trustee
Date: 19th June 2024
th
Date: 19 June 2024
The notes on pages 11 to 19 form part of these financial statements.
10

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTESTO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023
I. CHARITY STATUS
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have
share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets
of the charity in the event of liquidation.
The address of its registered office is:
31 Rashee Road
Ballyclare
Co Antrim
BT39 9HJ
These financial statements were authorised for issue by the trustees on XX May 2024.
2. ACCOUNTING POLICIES
Statement of complian
The financial statements have been prepared in accordance with 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)) (issued in
Ortober 2019) (Charities SORP (FRS 102)), the Financial Reportin8 Standard applicable in the UK and
Republic of Ireland (FR5 102) and the Companies Act 2006
Basis of preparation
Ballyclare High School Foundation Ltd meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are Initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy notes.
Summary of significant accounting pollcles and key accounting estimates
The significant accounting policies applied in the preparation of these financial statements are set out
below. The trustees consider that these policies are suitable, have been consistently applied and are
supported by reasonable and prudent judgements and estimates.
11

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS {conVd)
30 September 2023
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a
going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the
charity.
FUND ACCOUNTING
The charity has various types of funds for which it is responsible, and which require separate disclosure.
A definition of the various types of funds is as follows:
Restricted funds comprise (a) incorne from endowments which is to be expended only on the restricted
purposes intended by the donor and {b) revenue donations or grants for a specific charitable activity
intended by the donor. Where these fund5 have unspent balances, interest on their pooled investment
is apportioned to the individual funds on an average balance basis.
Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its
objectives. In addition to expenditure on activities such funds may be held in order to finance capital
nvestment and working capital.
Designated funds are general funds set aside by the trustees for use in the future.
INCOMING RESOURCES
All incoming resources are included in the Statement of Financial Activities {SoFA) when the charity is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably, 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.
Voluntary income received by way of donations and gift is credited to revenue on a receivable basis.
12

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (convd)
30 September 2023
The charity receives grants in respect of 5UPPOrt services. Income from government and other grants are
recognised at fair value 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. Revenue grants are credited to incoming
resources on the earlier date of when they are received or when they are receivable unless they relate
to a specified future period.
Other income represents income that cannot be reported under the other analysis headings provided
within the SOFA.
(i)
Incoming resources with related expenditure
Where incoming resources have related expenditure {as with insurance proceeds) the incoming
resources and related expenditure are reported gross in the SOFA.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to
the resources.
{iii) Tax reclaims on donations and gifts.
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they
relate.
(iv)
Contractual income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered.
(v)
Gifts In kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold
or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming
resources when receivable.
(vi)
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended)
where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on
these resources is the estimated value to the charity of the service or facility received.
13

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS {conYd)
30 September 2023
(vii) Investment income
This is included in the accounts in the period to which it relates.
(viii) Investment gain5 and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing
investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. It is categorised under the following headings:
Expenditure on charitable activities comprises those costs incLsrred by the charity in the delivery
of its activities and services for its beneficiaries and includes salary costs, support service
expenses, and an apportionrnent of support costs:
Other expenditure represents those items not falling into the categories above.
Liability recognition
Liabilities are recognised where there is a legal or constructive obligation to make payments to third
parties, it is probable that the settlement will be required, and the amount af the obligation can be
measured reliably.
Governance costs
These are shown within charitable activities and include the costs of preparation and examination of
accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or
constitutional matters.
Grants with perf0rrnan￿ conditions
Where the charity gives a grant with conditions for its payment being 3 specific level of service or output
to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided
the specified service or output.
(iv}
Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
14

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2023
Support cost5
Support costs are those that assist the work of the charity but do not directly represent charitable
attivities and include office costs, governance costs and administrative payroll costs.
They are incurred directly in support of expenditure on the objects of the charity. Where support costs
cannot be directly attributed to particular headings, they have been allocated to cost of raising funds
and expenditure on charitable activities on a basis consistent with use of the resources. Premises
overheads have been allocated on a basis consistent with the use of the resources. Staff costs and
other overheads have been allocated based on time spent, per capita and activity.
Value Added Tax
The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly,
the charity is potentially exempt from taxation in respect of income or capital gains received within
categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation
of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to
charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent
accumulated depreciation and subsequent accumulated impairment105ses.
Tax
The charity benefits from various exemption5 afforded by tax legislation. It is therefore not liable to
corporation tax on income or gains falling due within those exemptions. Recovery is rnade of tax
deducted from receipts under gift aid.
Going concern
The financial statements have been prepared on a going concern basis a5 the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for 12 months from authorising these financial statements. The budgeted
income and expenditure are sufficient with the level of reserves for the charity to be able to continue as
a going concern.
15

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2023
3. DONATIONS AND LEGACIES
Unrestricted
Funds
Restricted
Funds
Total
2023
Grants
Donations
Grants
108,083
53,343
3,000
161,426
3,000
108,083
56,343
164,426
4. CHARITABLE ACtIVlTIES
Unrestrlcted
Funds
Restricted
Funds
Total
2023
Celebration of Rugby Event
37,712
37,712
37,712
37,712
5. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Unrestricted
Funds
Restricted
Funds
Total
2023
Charitable Activity
Governance costs
18,035
1,020
18,035
1,020
19,055
19,055
16

THE BALLYCLARE HIGH SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2023
6. ANALYSIS OF CHARITABLE ACTIVITY COSTS
Unrestricted
Funds
Restrirted
Funds
Total
2023
Event Costs
Finance Costs
17,561
474
17,561
474
18,035
18,035
7. INDEPENDENT EXAMINATION FEES
Total
2023
Fees payable to independent examinerfor:
Independent examination of the financial statements
1,020
8. TRUSTEES REMUNERATION AND EXPENSES
The Trustees received no remuneration from the charity during the current or preceding financial years.
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Total
2023
Accruals & Deferred income
1,020
1,020
17

THE BALLYCLARE HIGH SCHOOL FOUNDATION
NOTESTOTHE FINANCIAL STATEMENTS (convd
30 September 2023
10. ANALYSIS OF CHARITABLE FUNDS
Balance at
start
Income Expenditu Surplu51
re
(Deficit)
Transfer
Balance
at end
Unrestricted Funds
General fund
Designated fund
145,795
(19,055) 126,740 (126,500)
240
126,500 126,500
Unrestricted Funds
145,795
(19,055) 126,740
126,740
Restricted
School Funds
History Book Fund
Defibrillator Fund
51,905
3,000
1,438
51,905
3,000
1,438
51,905
3,000
1,438
Restricted Funds
56,343
56,343
56,343
Total Funds
202,138
19,055 183,083
183,083
Designated Funds
The Bright Futures Campaign aims to raise £300,000 by the end of 2025 to support two overarching
areas of need:
£150,000 towards an Opportunities Fund aimed at improving educational, physical and creative
opportunities at the school through the investment in learning resources, sport and active
recreation, music and the arts.
£150,000 towards a Support Fund aimed at enhancing support toward5 health and wellbeing
services and in providing spaces in which pupils can grow and thrive.
The trustees have designated £126,500 of funds received towards this campaign.
18

THE BALLYCLARE HIGH SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2023
11. ANALYSIS OF NEf ASSETS BETWEEN FUNDS
Unrestrlcted Restricted Funds
Funds
Total
2023
Current assets
Creditors less than l year
127.760
{1,020}
56,343
184,103
(1,020)
126,740
56,343
183,083
12. FINANCIAL COMMITMENT
No contracts had been placed for future capital expenditure at the balance sheet date
13. ETHICAL STANDARDS
In common with many other organisations of our size and nature, we use our independent examiner to
prepare and assist in the preparation of the financial statements.
14. REIATED PARTIES
There were no related party transactions during the year.
19