THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
(A company limited by guarantee)
Annual Report and Financial Statements
for the year ended 30 September 2024
Company Limited by Guarantee Northern Ireland {N1685284)
Registered a7arity in Northern Ireland (NIC108744)

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES. ANNUAL REPORT
The trustees, who are directors forthe purposes of company saw, present the annual report together
with the financial statements of the charitable company for the year ended 30 September 2024.
REFERENCE AND ADMINISTRATIVE 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)
DI RECTORS
The Directors who served during the year or who were dirertors 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
Ba Ilyclare
BT39 9BG
BANKERS
Danske Bank Limited
18 The Square
Ba Ilyclare
BT39 9BB

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT (cont'd)
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 Ilfe chances in line with the school's wider vision of 'developing lifelong learners in a
caring creative communiw.
The BHSF aims to create an environment in which relationships with alumni and friends 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 (Nll, 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.
STRUCTURE AND MANAGEMENT
"BHSF" has been established as a company limlted 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 strnno vnvernxnr* !r2mework in place ovpr it¢ n&irpo.%A. And operation including thp
appointment of a board of directors, all of whom are passionate about and have long-seated
connections with BHS.
Each of the directors15 highly committed to the aims of the Foundation and bring a wealth of experience
and professionalism to the role.
otTn
VISION ot Ji
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 mutually 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
énhance engagement and involvement with alumni, pa￿ntS and friends in both school activities and
through fundraising initiatives.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT {conVd)
ACTIVITIES AND OBJEcfivES
BHSF was registered as a company limited by guarantee on 25th January 2022 and as a charity with the
Charity Commission for Northern Ireland on 17th August 2022.
The company was dormant until its formal launch in October 2022. These accounts to September 2024
represent its second year of operation.
Launch Campaign
The Bright Futures Campaign aims to raise £300,IJOO 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 Foundation
The Foundation has established various streams by which support can be provided most notably;
By becoming a 'Founding Memberf and making a large donatlon over the course of the launch
period;
Through th8 making of regular or one-off donations to the launch fund for any other purpose as
so specified; or
Through organising or supporting specific fundraising activities such as the Celebration of Rugby
Gala Ball which commemorated the 50th anniversary of winning The Schools, Cup and the love
and passion that rugby over the years.
Fundraising events are a wonderful example of the benefits of the Foundation in practice, providing
opportunities to celebrate and engage with friends and alumni and in so doing create opportunities to
support the school and its pupils of today.
Specific Activities during the year
During the year the Foundation was delighted to be able to support the school in the appointment of a
new Health & Wellbeing Officer in early 2024. This appointment was made possible through specific
support received from ex-Alumni James Hagan of Hagan Homes and represents a leading*dge

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT (conyd)
development for a sch¢Jol in Nl into the critical supportfor and development of emotional health and
wellbeing of its pupils.
In addition, the Foundation is now the established vehicle by which School Funds are received by the
school annually. This creates an opportunity for parents to boost their annual donations to the school by
further 25/ from the HMRC via gift aid. The Foundation then releases these funds to the school in
order for it to provide the range of additional services which the School Fund is targeted as delivering by
the school each year.
Granting of Awards
The Foundation was also delighted to be able to start to release funds raised to date through the Bright
Futures Campaign to support the pupils at the school. Awards totalling £87,785 was committed to a
range of projects submitted by the school such a5 replenishment of resources in the library,
replacement of IT equipment, refurbishment of toilets, canteen and reception. These projects are
expected to be progressed during the new School year 24125.
Public Benefit
The BHSF has been established to help raise funds, encourage a culture of philanthropy in the school
community and issue grants to advan￿ the education of the pupils attending BHS.
The direct benefits which flow from the organi53tion's purpose include enhanced educational
opportunities and improved life chances for pupils attending BHS. These benefits can be demonstrated
through Improved educational outcome5 and opportunitie5. There is no harm arising from the
Foundation's purpose. The beneficiaries are pupi15 attending BHS. There is no private benefit flowing
from the Foundation's purwse.
The trustees canfirm 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 period since its launch until the 30 September 2024 was
£138.79? I?023. £202..1381 with expenditure durin8 that period amoun.ting to £80,133 {2023: £19..055).
Unrestricted Income principally relates to donations towards the Bright Future Campaign, the launch
campaign of the Foundation. Restricted Income relates to annual parental donations towards School
Fund, together with any gift aid to be recovered on such funds, and to income received from a donor
towards the position of Health & Wellbeing Officer in the school.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES. ANNUAL REPORT (cont'd)
Expenditure in the year principally relates to the release of restricted funds to the school in line with the
purpose they were received. The release of funds to the school associated to the Bright Futures
Campaign are expected to stsrt to be made during the 24125 financial year as successful projects are
progressed.
RESERVES POUCY
The policy of the trustees is not to accumulate reserves but to use reselves in the promotion of the
charity's objettives. With regard to the Bright Futures Campaign the trustees have targeted an initial 3-
year fundraising period with fund5 being released once suitsble 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 15 better known and
therefore projects can be prioritised appropriately.
With regard to other funds received such a5 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 the donations were made.
FUTURE PLANS
In addition to the progressing the delivery of the projects where funds have already been committed,
the Foundatlon is planning to launch a new scheme during 2025 whereby teachers can submit
applications to the Bright Futures Campaign for project support so a5 to widen the reach of the
Campaign.
We plan also to continue to promote opportunities for alumni to engage with each other, with a follow
up to our first London gathering expected in the autumn of 2025 and also an event to celebrate the
sporting achievements of the women of BHS in December 2025.
Ario] Tinaiiy wvè wiii iooil capiia115è on Èné vvc¥iK progré55éii Iri cné éqfiy y.éars OT Ine Fourioation, CiOSihg
out our launch campaign and establishing sustainable streams where financial giving can be channelled,
creating further opportunities for alumni to support activities within the school in value added ways and
developing a culture whereby the willingness within our wider school community to give back of their
time, knowledge, experiences, can be suitably harnessed.
STATEMENT OF TRUSTEE RESPONSIBILITIES
Thé Trustees are responsible for preparing the annual réport and the financial statements of the
congregation in accordants with applicable law and generally accepted accounting practi￿.

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
TRUSTEES, ANNUAL REPORT (cont'd)
The Trustees are responsible for keeping adequate accountlng records that are sufficient to show and
explain the congregation's transactions and disclose with reasonable accuracy at any time its financial
Position. They are also responsible for safeguarding the assets of the congregation and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
th
Approved by the directors at a meeting on 19 June 2025 and signed on its behalf by:
Na
e,. Michelle
ey
Name: Michael MCKI
Director & Trustee
Director & Trustee
th
Date: 19 June 2025
Date: 19th June 2025

INDEPENDENT EXAMINERS REPORTTO THE DIREcfoRS OF THE BALLYCLARE HIGH SCHOOL
FOUNDATION LTD
I report on the financial statements of The Ballyclare High School Foundation Ltd forthe year ended 30
September 2024 which are contained within the Report.
Respective responsibilities of trustees and Independent examlner
The Ballyclare High School Foundation's directors re responsible forthe preparation of the financial statements in
accordance with the tenns of the [Charities Act (Northern Ireland} 2008].
The Ballyclare High School Foundation's directors considerthat an audit is not required under section 6512)
(audit) of the Charities Act (Northern Ireland) 2008 forthe year and that an independent examinatlon under
section 64{1} of the Charities Act {Northern Ireland) 2008 is required.
It is my responsibillty to:
examine the accounts
to state whether particular matter5 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 a review of the accounting records kept by the Foundation and a comparison of the financial statements
presented with those records, It also includes consideration of any unusual items or disclosures in the financial
statements, and seeking explanationsfrom the trustees concerning anysuch 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 bythe financial statements.
Independent examlner's statement
In the course of my examination, no matter has come to my attention:
11) which gives me reasonable cause to believe that in any material respert the requirement5:
to keep proper accounting records in accordance with Section 63 of the charities Act (Northem 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
{21 to which in my opinion, attention should be drawn in order to enable a proper understanding of the financial
stat
o be reached.
opper FCA
Partner
Hopper & Co 19 June 2025

THE BALLYCUIRE HIGH SCHOOL FOUNDATION LTD
STATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNn
for the year ended 30 September 2024
Note Unrestrlcted
Funds
Restrirted
Funds
Total
2024
Total
2023
Income from:
Donations and legacies
Charitable Activities
30,007
108,785
138,792
164,426
37,712
Total Income
30,007
108,785
138,792
202,138
Expenditure on:
Charitable activities
1,079
79,054
80,133
19,055
Total Expenditure
1,079
79,054
80,133
19,055
Net Income
28,928
29,731
58,659
183,083
Net movement in funds
Funds brought forward
28,928
126,740
29,731
56,343
58,659
183,083
183,083
Funds carried fonmard
10
155,668
86,074
241,742
183,083
All income and expenditure derive from continuing activities.
The statement of financlal 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 2024
Note
2024
2023
Current Assets
Cash and cash equivzlents
Total current assets
243,249
203,462
184,103
184,103
Creditors: amounts falling duewithin one year
Total Creditors
1,507
1.020
1,020
Net Current Assets
241,742
183,083
Total Net Assets
241,742
183,083
Funds of the charlty
Unrestricted funds
General funds
Designated funds
10
1,168
154,500
155,668
240
126,500
126,740
Restrirted funds
School Funds
Health & Wellbeing OffI￿r
History Book Fund
Defibrillator Fund
10
78,136
3,500
3,000
1,438
86,074
51,905
3,000
1,438
56,343
Total charity funds
241,742
183,083
For the financial year ending 30September 2024, the chartty was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
• The members have not required the charity to obtain an audit of its acwunts forthe year in question
n accordance wlth 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.
10

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
{REGISTRATION NUMBER N1685284)
BALANCE SHEEr
As at 30 September 2024
These financial ststements have been prepared in accordance with the special provisions re5ating to
companie5 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 19
June 2025 and are signed on behalf of the board by:
e: Michelle
ney
Name: Michael McKinstry
Director & Trustee
Director & Trustee
Date: 19 June 2025
th
Date: 19 June 2025
The notes on pages 12 to 21 form part of these financial ststements,
11

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTESTOTHE FINANaAL STATEMENTS
for the year ended 30 September 2024
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
8T39 9HJ
These financial statements were authorised for issue by the trustees on 12 June 2025.
2. ACCOUNTING POLICIES
statement of compliance
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 Stsndard applicable in the UK and Republic of Ireland {FRS 102)) (issued in
October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and
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 otherwlse
stated in the relevant accounting policy notes.
Summary of slgnificant accounting pollcies 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 applled and are
supported by reasonable and prudent judgements and estimates.
12

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2024
Going concern
rhe trustees consider that there are no material uncertainties about the charity's atiiiity to continue as a
going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the
charty.
FUND ACCOUNTING
The charity has various type5 of funds forwhich it is responsible, and which require sepaRte disclosure,
A definition of the various types of funds is as follows:
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted
purposes intended by the donor and {b) revenue donations or grant5 for a specific charitable activity
intended by the donor. Where these funds 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
investment 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 entttled 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 re￿Ived.
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 condttions 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.
13

THE BAILYCIARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (convd)
30 September 2024
The charity receives grants in respect of support servI￿s. Income from govemment 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 re￿iVed 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
resource5 and related expenditure are reported gross in the SOFA.
(li)
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 tsx 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
Gift5 in kind aE accounted for at a reasonable estimate of their value to the charity or the amount
actuallv 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 charitv is reasonablv auantlfiable. measurable and material. The value DI3￿ on
these resources is the estimated value to the charity of the service or fracility received.
14

THE BALLYCLARE HIGH SCHOOL FOUNDATJON LTD
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2024
(vii) Investment income
This is included in the accounts in the period to which it relates.
(viii) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revalulng
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 otegorised under the following heading5:
Expenditure on charitable activitie5 comprises those costs incurred by the charity in the delivery
of its activitie5 and services for its beneficiaries and includes salary costs, support service
expenses, and an apportionment of support costs;
other expenditure represents those items not falling into the categories above.
(i)
Liability retognltion
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 of the obligation can be
measured reliably.
{ii)
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 performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output
to be Drovided. such Rrants are onlv recoRnised in the SOFA once the recipient of the 2rant has nrovided
the speclfied service or output.
(iv)
Grants payable without performance conditions
These are only ￿cogniSed in the account5 when a commitment has been made and there are no
conditions to be met relating to the grant whith remain in the control of the charity,
15

THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2024
{v)
Support costs
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs and administrative payroll costs.
They are incurred directly in support of expenditure on the objects of the charity. whe￿ support costs
cannot be directly attributed to particular headings. they have been allocated to cost of Rising 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 overhead5 have been allocated based on time spent, per capits and activity.
Value Added Tax
The charity is not registered for VAT purpose5, 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 £500.00 or more are initially recorded at cost, less any Subsequent
accumulated depreciation and subsequent accumulated impairment10sses.
Tax
The charity benefits from various exemptions afforded by tsx legislation. It is therefore not liable to
corporation tsx on income or gains falling due within those exemptions. Recovery is made of tax
deducted from receipts under gift aid.
Going concern
The financial Statements have been prepared on a going CDncern basis as 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 forthe charity to be able to wntinue as
a going concern.
16

THE 8ALLYCLARE HIGH SCHOOL FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (convd)
30 September 2024
3. DONATIONS AND LEGAaES
Unrestritted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Grants
Donations
Grants
30,007
108,785
138,792
161,426
30,007
108.785
138,792
164,426
4. CHARITABLE ACTIVITI ES
Unrestricted
Funds
Restrirted
Funds
Total
2024
Total
2023
Celebration of Rugby Event
37,712
S. EXPENDITURE ON CHARITABLE AcfiviTIES BY ACTIVITY TYPE
Unrestrlcted
Funds
Restrirted
Funds
Totsi
2024
Totsi
2023
Charitable Activity
Grants- School Fund
Grants- Health & Wellbeing
Governance costs
179
179
61,554
17,500
900
18,035
61,554
17,500
1,020
1,079
79,054
80,133
19,055
17

THE BALLYCLARE HIGH SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (conyd)
30 September 2024
6. ANALYSIS OF SUPPORT COSTS
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2024
Event Costs
Finance Costs
17,561
474
179
179
179
179
18,035
7. INDEPENDENT EXAMINATION FEES
Total
2024
Total
2024
Fees payable to independent examiner ft)r:
Independent examination of the financial ststements
900
1,020
8. TRUSTEES REMUNERATION AND EXPENSES
The Trustees received no remuneration from the charity during the current or preceding financial years.
18

THE BALLYCLAR£ HIGH SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
30 September 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Total
2024
Total
2024
Accruals & Deferred income
Other Creditors
900
607
1,020
1,507
1,020
10. ANALYSIS OF CHARITABLE FUNDS
2024
Balance at
start
Income Expendltu Surplus /
re
(Deficlt)
Transfer Balance
at end
Unrestrirted Funds
General fund
Designated fund
240
126,500
30,007
{1,079)
28,928
(28,000)
1,168
28,000 154,500
l J*ires+.r4p+erl FI,￿￿.
126.740
(1,079)
Restricted
School Fund
Health & Wellbeing
History Book Fund
Defibrillator Fund
51,905
87,785
21,000
(61,554)
78,136
3,500
3,000
3,500
3,000
Restricted Funds
56,343 108,785
(79,054)
29,731
86,074
Total Funds
183,083 138,792
(80,133)
58,659
241,742
19

THE BALLYCLARE HIGH SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {conYd)
30 September 2024
2023
Balance at
start
Income Expenditu Surplus /
re (Deficit)
Transfer Balance
at end
Unrestritted Funds
General fund
Designated fund
145,795
(19,055) 126,740 (126,500)
240
126,500 126,500
Unrestrirted Funds
145,795
(19,055) 126,740
126,740
Restrlcted
School Fund
History 8ook 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
Totsl Funds
202.138
(19,055) 183,083
183,083
Designated Funds
The Bright Futures Campaign aims to raise £300,000 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 toward5 a Support Fund aimed at enhancing 5UPPOrt towards health and wellbeing
services and in providing spaces in which pupils can grow and thrive.
The trustees have to date raised restricted funds totalling £139,690 towards this aim and designated a
further £154,500 of funds received towards this campaign.
20

THE BALLYCLARE HIGH SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (cont'd)
31 September 2024
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restrirted Funds
Funds
Total
2024
Current assets
Creditors less than l year
157,175
{1,507)
86,074
243,249
(1,5071
155,668
86,074
241,742
U nrestricted Restricted Funds
Funds
Total
2023
Current assets
Creditors less than l year
127,760
{ 1,020)
56,343
184, 103
11,020)
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 staternents.
14. RELATED PARTIES
There were no related party transactions during the year.
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