THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD (A company limited by guarantee) Annual Report and Financial Statements for the year ended 30 September 2025 Company Limited by Guarantee Northern Ireland (N1685Z84) Reglstered Charity in Northern Ireland INIC108744)
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 for the year ended 30 September 2025. REFERENCE AND ADMINISTRATIVE DEfAILS The Ballyclare High School Foundation Ltd 31 Rashee Road Ballyclare BT39 9HJ Company ReElStered by Guarantee Northern Ireland IN16852841 Registered Charity in Northern Ireland INIC1087441 DIRECTORS The Directors who served duringthe 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 98G BANKERS Danske Bank Llmsted 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 Foundatlon Ltd. {"BHSF ) is to advance the education of the pupils attending Ballyclare High School IBHSI through enhancing their opportunities, educational outcomes and life chances In line with the school's wider vision of 'developing lifelong learners in a carlng creative communitV. The BHSF aims to create an environrnent in which relationships with alurnni 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 I'the school'l is a co-edutational non-denomlnatlonal grammar school located in Ballyclare, Northern Ireland. It Is a controlled school operating under the managernent of a suitably appointed Board of Governors which includes representatives from Department for Education INII, 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 MANAGEMEKr "BHSF. has been establlshed as a company limited by guarantee IN1685284} and as a reglstered charity with Charity Commission for Northern Ireland INIC1087741. Whilst BHSF operates as a separate legal entity from the school, its sole objett 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 appolntment of a board of directors, all of whom are passionate about and have long-seated connections with BHS. Each of the dirertors 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 a strategy to develop better 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 opportunitie5 to enhance engagement and involvement with alumni. parents and friends In both school activities and through fundraising initiatives.
THE BALLYaARE HIGH SCHOOL FOUNDATION LTD TRUSTEES, ANNUAL REPORT Icont'd) AcrivrriE5 AND OBJEcnvES BHSF was registered as a compahy limited byguarantee on 25 January 2022 and as a charity with the Charity Commission for Northern Ireland on 17th August 2022, BH5F was dormant until its formal launch in Ortober 2022. These accounts to September 2025 represent its third year of operation. Launch Campaign The Brlght Futures Campaign aims to raise £300,000 to support two overarching areas of need: £150,IXIO towards an Opportunities Fund aimed at improvlng educational, physical and creative opportunities at the school through the investment in leaming resources, sport and active recreation, muslc 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. Support for the Foundatlon The Foundation has established various streams by which support can be provided most notably; By becomlng a 'Founding Memberf 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 for any other purpose a5 so specified; or Through organi5ing or supporting specific fundraislng activities such as the Celebration of Rugby Gala Ball which commemorated the 50th anniversary of winning The Schoo15' Cup and the love and passion that rugby over the years. Fundraising events are a wonderful example of the benefits of the Foundation in practi. providing opportunities to celebrate and engage with friends and alumni and in so doing create opportunities to support the school and its pupils oftoday. Specific Activities during the year The Foundation has contir)ued to support the school in the provision of the servIS of a Health & Wellbeing Officer during the year, being made posslble through Specific support reiVed from ex- Alumni James Hagan of Hagan Homes. This represents a leadinE-edge development for a school In Nl
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD TRUSTEES. ANNUAL REPORT (convd) into the critical support for and development of emotional health and wellbeing of its pupils. The Foundation welcomes the incredibly positive feedback that has been received by the school from its pupils and parents alike. 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 a further 25% from the HMRC via gift aid. The Foundation then releases these funds to the schoolsto enable it to provide the range of additional services which the School Fund is targeted with delivering each year. The Foundation has recently launched a new monthly social media campaign celebrating alumni success around the World in a range of very diverse career paths and is working on a range of attivities aimed at engaging with Alumni, many of which were successFully delivered late 2025 and early 2026. Granting of Awards The Foundation welcomed completion of a substsntial proportion of the £88k offundinggranted support in the previous year most notably the replenishment of resources in the library, refurbishment of IT centre, the 6th form common room and reception. The school is working closely with EA in respect to the remaining project involving the school canteen with a target to cornplete during school holidays at the end of the current year. The Foundation also launched a scheme in May 2025 whereby staff could make applicationsforfunding for projects identified by them. Following an excellent response, a total of £62k of support wa5 granted across 18 projects covering a range of areas such as teaching resources, health and wellbein& sports and the arts. Public Benefit The BHSF has been established ta help raise funds, encourage a culture of philanthropy in the school community and issue grants to advance the education o* the pupils attending BHS. The direct benefits which flow from the organisation's purp05e include enhand educational opportunities and improved life chan5 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 beneficlaries 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 Art 2008 to have due regard to the public benefit guidance published by The Charity Commission for Northern Ireland.
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD TRUSTEES. ANNUAL REPORT (cont'dl ACHIEVEMENTS AND PERFORMANCEIFINANCIAL REVIEW Total Income of the Foundation for the year ended 30th September 2025 was £158,50212'024: £138,792) with expenditure during that period arnounting to £168,77412024: £80,133). Unrestricted Incorne principally relates to donations towards the Bright Future Campaign, the launch campaign of the Foundation. Restricted Income relates mainly to annual parental donations towards School Fund, together with any gift aid to be recovered on such funds, gnd to income received from a donor towards the position of Health & Wellbeing Officer in the school. Expenditure in the year princlpally relates to the release of restricted funds to the school In Ilne with the purpose they were received, plus the release of the funds granted support under the Bright Futures Campaign in line with the expenditure actually incurred by the end of the 24125 financial year. RESERVES POLICY The policy of the trustees is not to accumulate reserves but to Use reserves in the promotlon of the charitws objettives. With regard to the Bright Futures Campaign the trustees 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 have been expected that reserves would have built-up across the initial years of the Foundation with awards then being made once the level of funds raised Is better known and thereby projects 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 to serve the manner in which the donations were made. FUTURE PLANS With £150k of grant support already committed in respect to the Bright Futures Campaign. the Foundation looks forward to releasing funds to the school durin8 the forthcoming year as these projects are progressed to completion. In addition post the yearend we are dellghted to be able to support 3 number of alumni engagement activities most notably the'inaugural Business Breakfast event at Tughans prestigious new offices in the Ewart building in Belfast in November 25, the Celebration ofthe Women of BHS event in the Titanic Building in December 25 and our BHS in London gathering In January 26. All of these are excellent opportunities for connectlon and engagement with ourAlumni in a range of different environments.
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD TRusfEE5' ANNUAL REPORT {cont'd} And finally we will look to capitalise on the work progressed in the early years of the Foundation, closing out our launch campaign and establishing sustainable streams where financial giving can be ¥hannelled, creating further opportunitiès 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 RESPONSIBILITIE5 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 disc105e 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. Approved by the directors at a meeting on 22. June 2026 and signed on its behalf bv.. Name: Michelle Rain Name.. Michael McKinstry Director & Trustee Director & Trustee Date: 22. June 2026 Date.. 22nd June 2026
INDEPENDEKf EXAMINERS REPORT TO THE DIREcfoRS OF THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD I report on the financial statements of The Ballyclare High School Foundation LtLI for the year ended 30 September 2025 which are contsined within the Report. Respective responsibillties of trustees and Independent examiner The Ballyclare High School Foundation's director5 re responsible for the preparation of the financial statement5 in accordance with the terms of the Icharfties Act (Northern Ireland) 20081. The Ballyclare High School Foundation's dirertors consider that an audit is not required under sectlon 6512 lauditl of the Charlties Act (Northern Ire13ndl 2008 for the year and that an independent examination under section 6411) of the Charltles Act {Northern Ireland) 2008 Is requlred. It is my responslbillty to.. examine the accounts to State whether particular matters have me to my attentlon. Basls of Independent examinees report My examination was carried out under Sertion 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 ststements presented wf(h those records. It also includes considerdtion of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concernlng any such matters. The procedures do not provide all the evldence that would be required In an audit. and consequently I do not express an audit opinion oft the view gfven by the flnancial stotements. Independent examifierfs statement In the course of my examination, no matter has come to my attention: 111 which gives me aSOnable cause to believe that in any material respect the requirement%. to keep proper accounting records in accordance wlth Sectlon 63 of the charities Act (Northern Ireland) 2008. and to prepare financial statements which accord with the accounting records in accordance wlth Sectlon 64 of the Charities Art (Northern Ireland) 2008 have not been met.. or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statem be reached. Partner Hopper & Co 23 June 2026
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD STATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 30 September 2025 Note Unrertricted Funds Restricted Funds Totsl 2025 Total 2024 Income from: Donations and legacies Investment Income 34.912 2,176 121,396 156.308 2,176 138,792 Total Income 37.088 121,396 158,484 138,792 Expenditure on.. Charitable artivitie5 51,804 116,975 168,779 80,133 Total Expendlture 51,804 116.975 168.779 80,133 Net Income {14,7161 4,421 110,295) 58.659 Net movement in funds Funds brought forward {14,7161 155,668 4,421 86,074 110,295} 241,742 58,659 183,083 Funds carried forward io 140,952 90,495 231.447 241,742 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 IREGISTRATION NUMBER N16852841 BALANCE SHEET As at 30 September 2025 Note 2025 2024 Current Assets Prepaid Expenses Cash and cash equivalents Totsl ojrrent assets 6,670 226,752 233,422 243,249 243,249 Credltors: amounts falling due within one year Totsl Credltots 1,975 1,975 1,507 1507 Net Current Assets 231,447 241,742 Totsl Net Assets 231,447 241.742 Funds of the charlty Unrestricted funds General funds Designated funds io 1,818 139,134 140,952 1,168 154.500 155,668 Restrlrted funds School Funds Health & Wellbelng Officer Library Fund History Book Fund Qefibrillator Fund io 86.370 3,51 625 78.136 3,500 1,438 86.074 90A95 Totsl charity funds 231,447 241,742 For the financial year ending 30 September 2025, the charity was entitled to exemption from audit under section 477 of the Cornpanies Att 2006 relating to small companie5. Directors, responsibilitie5: The members havè not required the charity to obtain an audit of its accounts for the year in question n accordance with section 476: and io
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD {REGlSfRATION NUMBER N1685284) BALANCE SHEEr As at 30 Septernber 2025 . The dirertors acknowledge their responsibiltties for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in aceordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companles Act 2006. These financial statements were appmved by the board of trustees and authorised for issue on 22nd June 2026 and are slgned on behalf of the board bv.. Name= Michelle Rai Name: Michael McKinstry Director & Trustee Director & Trustee Date: 22, June 2026 Date: 22nd June 2026 The notes on pages 12 to 22 form part of these financial statements. li
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2025 I. CHARITY STATUS The charity Is limited by guarantee, incorporated In Northern Ireland, and consequently does not have share capital. Each of the trustees 15 liable to contribute an amount not eXedIng £1 towards the assets of the charity in the event of liquidation. The add$$ of its registered office Is: 31 Rashee Road Ballyclare Co Antrirn BT39 9HJ These financial statements were authorised for issue by the trustees on 22 June 2026. 2. ACCOUNTING POLICIES Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charitles: 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 IFRS 10211 lissued in October 20191 {Charitie5 SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Act 2006 Basls of preparatlon Ballyclare High School Foundation Ltd meets the definition of a public benefit entity under FRS 102. Assets'and liabilities are initially recognised at hlstorical cost or tr3nsaction value unless otherwise stated in the relevant accounting policy notes. Summary of signlficant accounting pollcies and key accounting estimate5 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 prudentjudgements and estirnates. 12
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS (conydl 30 September 2025 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 ACCOUNT114G 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 a5 follows: Restricted funds comprise lal income from endowments which is to be expended only on the restritted purposes intended by the donor and {b} revenue donations or grants for a specific tharitable activity intended by the donor. where these funds have unspent balances, interest on their pooled investment is apportioned to the indlvidual funds on an average balance basis. Unrestritted 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 {SoFAI 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 p'robable that the income will be received. For donations to be recogni5ed 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 charityi 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 ba515. 13
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS {conVd) 30 September 2025 The charity receives grants in respect of support services. Income from government and other grants are recognised at fair value when the charity has entitlement after any perfofmance conditions have been met, it is probable that the income will be received, and the amount can be rneasured reliably. If entitlement is not met, then these amounts are deferred. Revenue grants are credited to incomlng 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 underthe other analysis headings provided within the SOFA. Incoming resources wlth related expenditure Where incoming reSoUrS have related expenditure las with Insuran 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 unconditlonal entitlement to the resources. Tax reclaims on donation5 and gifts. Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (fv) Contractual Income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. Gifts In klnd Gifts in kind are accounted for at a reasonable estimate of their value to the charlty or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when 501d 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 ser¥ices and facllltles 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 materlal. The value place on these resources is the estimated value to the charity of the setvice or faclllty reived. 14
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS {conVd) 30 September 2025 (vil) Investment income This is included in the accounts in the period to which it relates. (vlii) Investment galns and losses Thi5 includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing Investmentsto market value atthe end of the year. EXPENDITURE AND LIABILITIES All expenditure Is accounted for on an accruals basis and has been classrfied under headings that aggregate all costs related to the category. It is categorised under the following headings= Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activitie5 and services for its beneflciaries and includes salary costs, 5UPPOrt service expenses, and an apportionment of support costs; Other expenditure represents those ttems. not falling into the categories above. Liability recognition Liabilitie5 are recognised where there is a legal or constructive obligation to make poyments to third parties. it is probable that the settlement will be required. and the amount of the obligation can be measured reliably. Governance costs These are shown within charitsble 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 matte Grants with performance condrtions Where the charity gives a grant with condition5 for its payment belng a specific level of seNice or output to be provided, such grants are only recognised in the SOFA On the recipient of the grant ha5 provided the specified service or output. (Iv) Grants payable without performance condltions 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 whlch remain in the control of the charity. 15
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS {wnVd) 30 September 2025 (v) Support costs Support costs are those that assist the work of the tharity 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. 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, percapÈta and artivity. Value Added Tax The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT. Taxatlon The charity is considered to passthe tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the deflnltion of a charitable company for UK corporation tax purposes. Accordinglv, 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 incorne or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual flxed assets costlng £500.00 or more are inltially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Tax The charity benefits from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax 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 concern 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 authorlsing 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. 16
THE BALLYCLARE HIGH SCHOOL FOUNDATION LTD NOTES TO THE FINANCIAL STATEMENTS (convd) 30 September 2025 3. DONATIONS AND LEGACIES Unrestricted Funds Restricted Fund5 Total 2025 Totsl 2024 Grants Donations Ilnc. Gift Aid 34,912 121,396 156,308 138,792 34,912 121,396 156,308 138,792 4. Investment Income Unrestricted Funds Restrirted Funds Total 2025 Total 2024 Bank Interest Other Interest 1,258 917 1,258 917 2,176 2,176 17
THE BALLYCLARE HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {conVd) 30 September 2025 5. EXPENDITURE ON CHARrrABLE ACTIVITIES BY A1vITy fipE Unrestricted Funds Restricted Fund5 Total 2025 Total 2024 Charitable Attivity Grants - Brighter Future5 Campaign Grants- School Fund Grant5- Health & Wellbeing Grants- History Book Grants- Defibrillator Governance costs 513 50,391 513 50,391 77.537 35,000 3,000 1,438 900 179 77,537 35,¢) 61.554 17.500 1,438 900 900 51,804 116,975 168,779 80,133 6. ANALYSIS OF SUPPORT COSTS Unrestricted Funds Restrlrted Funds Totsl 2025 Total 2024 Printing Postage & Stationery Legal & Professional Fees IT & Website Costs Finance Costs 35 154 35 154 68 256 256 179 513 513 179 18
THE BALLYCLARE HIGH SCHOOL FOUNDATION NOTE5 TO THE FINANCIAL STATEMENTS {conVd) 30 September 2025 7. INDEPENDENT EXAMINATION FEES Totsl 2025 Totsl 2024 Fees payable to independent examlner for: Independent examlnatlon of the financial ststements 9LN) 900 8. TRUSTEES REMUNERATION AND EXPENSES The Trustees reiVed no remuneratlon from the charity during the current or pceding financial years. 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Total 2025 Total 2024 Accruals & Deferred income Other Creditor5 1,975 900 607 1,975 1,507 19
THE BALLYCLARE HIGH SCHOO[ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (convd) 30 September 2025 10. ANALYSIS OF CHARITABLE FUNDS 2025 Balance at start Income Expenditu Surplus / re (Deficit) Transfer Balance at end Unrestricted Funds General fund Designated fund 1,168 154,500 37,088 11,4131 35,675 150,3911 {50,3911 134,9121 1.931 34,912 139,021 Unrestrlcted Funds 155.668 37,088 151,8041 {14,7161 140,952 Restricted School Fund Health & Wellbeing History Book Fund Defibrillator Fund brary Fund ?8,136 3,500; 3.000 1,438 85,771 35,000 {77,537) 135,000} {3.0001 13,0001 {1,438} 11,4381 625 8,327 86,370 3.500 625 625 Restrirted Fund5 86,074 121,396 1116,975) 4,421 90,495 Total Funds 241,742 158,484 {168,7791 110,295} 231,447 20
THE BALLYCIARE HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (cont'd) 30 September Z025 2024 Balance at start Income Expenditu , Surplus I (Deficit) Transfer Balance at end Unre5trlcted Funds General fund Designated fund 240 126,51XI 30,007 {1,079} 28,928 128,0001 1.168 28.000 154,500 Unrestrirted Funds 126,740 30,007 11,0791 28,928 155,668 Re5trirted School Fund Health & Wellbeing History Book Fund Defibrillator Fund 51,905 87.785 21,000 {61,554} 17,500 26,731 3,500 78.136 3,500 3,000 1,438 3,000 1,438 Restrirted Funds 56,343 108.785 179.0541 29,731 86,074 Total Funds 183,083 138.792 180,1331 58,659 241.742 Deslgnated Funds The Brlght Futures Campaign aims to raise £300,000 to support two overarchlng areas of need: £150,000 towards an Opportunities Fund aimed at improvlng educational. physical and creative opportunities at the school through the investment In learning resources, sport and active recreation, music andthe arts. £150,OOOtowards a Support Fund aimed at enhancing support toward5 health and wellbeing services and in providing spaces in which pupils can grow and thrlve. £50,391 was granted aided this year towards the Bright Futures Campaign in line with the funds aims. 21
THE BALLYCLARE HIGH SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Iconvd) 30 September 2025 11. ANALYSIS OF NEf ASss BMVEEN FUNDS Unrestrlcted Restricted Funds Fund5 Total 2025 Current assets Creditors less than l year 142,927 {1.975) 90,495 233.422 11,9751 140.952 90,495 231,447 Unrestricted Restrlcted Fund5 Funds Totsl 2023 Current assets Creditors less than l year 157,175 11,0571 86,074 243,249 11,057) 155,668 86,074 241,742 12. FINANCIAL COMMITMENT No contracts had been plad for future capital expenditure at the balance sheet date 13. ETHICAL STANDARDS In common Tr*Vith many other organisations of our size and nature. we use our independent examiner to prepare and asslst In the preparatlon of the financial statements. 14. RELATED PARTIES There were no related party transaction5 duringthe year. 22