Caseware UK (AP4) 2024.0.164 2024.0.164 Caseware UK (AP4) 2024.0.164 2024.0.164 2663922663923244942024-04-01falseNo description of principal activity562025-03-31 NI019579 2024-04-01 2025-03-31 NI019579 2023-04-01 2024-03-31 NI019579 2025-03-31 NI019579 2024-03-31 NI019579 2024-04-01 NI019579 2023-04-01 NI019579 c:CompanySecretary1 2024-04-01 2025-03-31 NI019579 c:RegisteredOffice 2024-04-01 2025-03-31 NI019579 d:CurrentFinancialInstruments 2025-03-31 NI019579 d:CurrentFinancialInstruments 2024-03-31 NI019579 c:FRS102 2024-04-01 2025-03-31 NI019579 c:IndependentExaminationCharity 2024-04-01 2025-03-31 NI019579 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI019579 b:Trustee1 2024-04-01 2025-03-31 NI019579 b:Trustee2 2024-04-01 2025-03-31 NI019579 b:Trustee3 2024-04-01 2025-03-31 NI019579 b:Trustee4 2024-04-01 2025-03-31 NI019579 b:Trustee5 2024-04-01 2025-03-31 NI019579 b:Trustee6 2024-04-01 2025-03-31 NI019579 b:TotalEndowmentFunds 2024-04-01 2025-03-31 NI019579 b:TotalEndowmentFunds 2023-04-01 2024-03-31 NI019579 b:TotalEndowmentFunds 2025-03-31 NI019579 b:TotalEndowmentFunds 2024-03-31 NI019579 d:WithinOneYear 2025-03-31 NI019579 d:WithinOneYear 2024-03-31 NI019579 d:BetweenOneFiveYears 2025-03-31 NI019579 d:BetweenOneFiveYears 2024-03-31 NI019579 1 2024-04-01 2025-03-31 NI019579 1 2023-04-01 2024-03-31 NI019579 b:TotalEndowmentFunds 1 2024-04-01 2025-03-31 NI019579 b:TotalEndowmentFunds 1 2023-04-01 2024-03-31 NI019579 b:TotalUnrestrictedFunds 2025-03-31 NI019579 b:TotalUnrestrictedFunds 2024-03-31 NI019579 c:FullAccounts 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: NI019579
Charity number: NIC107421











Brookfield Business Centre Ltd
(A Company Limited by Guarantee)








Unaudited

Trustees' Report and Financial Statements

For the Year Ended 31 March 2025

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
 

Contents



Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
 
 
1
Trustees' Report
 
 
2 - 5
Independent Examiner's Report
 
 
6 - 7
Statement of Financial Activities
 
 
8
Balance Sheet
 
 
9 - 10
Notes to the Financial Statements
 
 
11 - 19

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
 

Reference and Administrative Details of the Charity, its Trustees and Advisers
For the Year Ended 31 March 2025


Trustees
Mr Cletus McCloskey
Mrs Anne Tanney
Sr Mary Turley
Mr Jeffe Jeffers
Fr Myles Kavanagh C.P. (resigned 6 January 2025)
Mr John Patterson

Company registered number
NI019579

Charity registered number
NIC107421

Registered office
333 Crumlin Road
Belfast
Northern Ireland
BT14 7EA

Company secretary
Mrs Maura Lundy

Independent Examiner
Sumer Accountants NI Ltd
6 Murray St
Belfast
Northern Ireland
BT1 6DN

Bankers
AIB Group
35 University Road
Belfast
BT7 1ND

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Page 1

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
 
  
Trustees' Report
For the Year Ended 31 March 2025

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
 

Reference and Administrative Details
Reference and administrative details are shown in the schedule of Reference and Administrative details of the company, its Trustees and Advisers on page 1 of the financial statements. 
 

The Trustees 
The Trustees (who are also the Directors for company law purposes) who served the company during the period were as follows:
Mr Cletus McCloskey
Mrs Anne Tanney
Sr Mary Turley
Mr Jeffe Jeffers
Fr Myles Kavanagh C.P. (resigned 6 January 2025) 
Mr John Patterson
 
 
Objectives and Activities
The principal objective of the Brookfield Business Centre Ltd (BBC Ltd) in the year ending 31 March 2025 was to focus its staff resources on providing administrative support and assistance to associated Charity, Community and Other Organisations, who are undertaking programmes or activities resulting in the achievement of the BBC Limited objectives.
The Charity has also provided support in organising Community Based concerts, Musical Award programmes and Inter Schools Choral Awards through their Musical Director and support team, this is in addition to undertaking maintenance work on buildings occupied by other Charity and community organisations.
Structure, Governance and Management
The Charity is also a company limited by guarantee, registered with HMRC and Northern Ireland Charity Commission since January 2002 and May 2020 respectively. 
Members
The number of members with which the Company is registered is 8 but the Directors may from time to time register an increase of members and at no time shall the Directors be less than 2 in number.
Rotation of Trustees
At the first annual general meeting of the Company all the Directors retired from office, and at the Annual General Meeting in every subsequent year one-third of the Directors retire from office. All retiring Directors offer themselves for re-election, and are deemed to be re-elected. 

 
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Page 2

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
 
 (continued)

Organisational Structure, and how Decisions are Made 
The day to day operations of Brookfield Business Centre Ltd are delegated to the Manager, within the policy and budgetary parameters agreed by the Board of Directors. 
Governance and internal control 
The Trustees (who are also the Directors of Brookfield Business Centre Ltd for the purposes of company law) are responsible for preparing the Trustee’s Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
• select suitable accounting policies and then apply them consistently; observe the methods and principles in the
  Charities SORP;
• make judgments and accounting estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures
  disclosed and explained in the financial statements; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
  Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company, and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Risk Assessment 
A risk assessment review has been presented and considered by the Board of Directors. Accordingly the major risks to which the Charity is exposed, as identified by the Directors have been reviewed and systems and procedures have been established to manage those risks.








Summary of the Objects of the Charity as Set out in Governing Documents
 
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Page 3

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
 
 (continued)

The objectives of the Charity can be summarised as follows:
The promotion for the public benefit of urban or rural regeneration in areas of social and economic deprivation in
Northern Ireland and in particular North Belfast, including:
 
• the relief of poverty and unemployment;
• the advancement of education, training or retraining, particularly among unemployed people;
• the provision of financial assistance; 
• the provision of housing and the renewal of housing stock;
• assist the recovery of people who are sick, convalescent, disabled or infirm;
• the maintenance, improvement or provision of public amenities;
• the provision or assistance in the provision of recreational facilities;
• the protection or conservation of the environment;
• the provision of public health facilities and childcare; and
• the promotion of public safety and prevention of crime. 
Charity’s main objectives for the year - Principal activities 
Brookfield Business Centre Ltd is a Company limited by guarantee not having a share capital. The principal activities of the Company in the year under review involved a focus of its staff resources on providing support and assistance to associated Charity, Community and Other Organisations, who are undertaking programmes or activities resulting in the achievement of the BBC Ltd objectives. 
The Charity employs a full time Musical Director and support team who provide support in organising Community Based concerts, Musical Award programmes and Inter Schools Choral Awards. 
Brookfield Business Centre Ltd also employs a full time maintenance officer who undertakes maintenance work on buildings occupied by other Charity and community organisations and maintenance charges are levied to those organisations as appropriate.
Relationships between the Charity and Related Parties
Flax Trust is a charity with similar objects to that of Brookfield Business Centre Ltd. There are Trustees and Directors common to both charities.
The Brookfield Business Centre Ltd Accounts reflect a £191,040 donation from Flax Trust to assist Brookfield Business Centre Ltd to provide financial and staff resources to a wide range of charity, community and educational organisations, including support in organising Community Based concerts, Musical Award programmes and Inter Schools Choral Awards through their Musical Director and support team.
Brookfield Business Centre Ltd levied £14,005 of maintenance recharges in 2024/25 in respect of maintenance work undertaken on Flax Trust Properties. 
Fund accounting
General funds are unrestricted funds, which are available for use at the discretion of the Directors in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Grantmaking policies 
Brookfield Business Centre Ltd has not embarked upon material grant making activities during the reported financial year.
Financial Review - Policy and Reserves 
Within the context of available reserves, the Charity is focused on applying staff resource to continue to work
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Page 4

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
 
 (continued)

towards the charity objectives previously listed. 
Public Benefit
In setting Brookfield Business Centre Ltd objectives and planning our activities for the year, the Trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries. Brookfield Business Centre Ltd has deployed its staff resources during the reported financial year, in order to provide Public benefit by:
• meeting the Trusts Objectsives,
• supporting a wide range of third-party organisations, including schools and community groups who provide
  services/activities in areas of high social and economic need; and
• facilitating local beneficiary access to a wide range of activities.
Financial Review for the year ended 31 March 2025
The Brookfield Business Centre Ltd 2025 Financial Statements indicate total expenditure amounted to £176,758. Gross Income amounted to £205,810. 
The Trustees regularly review reserves to ensure that there are adequate funds available to meet future plans and commitments. 
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

 

 Approved by order of the members of the board of Trustees on and signed on their behalf by:




Mrs Maura Lundy
Company Secretary

Date: 31 July 2025

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Page 5

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Independent Examiner's Report
For the Year Ended 31 March 2025

Independent Examiner's Report to the Trustees of Brookfield Business Centre Ltd

 
I report on the financial statements of the charity for the year ended 31 March 2025 which are set out on pages 8 to 19.


Respective Responsibilities of charity Trustees and Examiner


As the charity's trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:


examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
 
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act; and
 
state whether particular matters have come to my attention.


Basis of Independent Examiner's Statement


I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.


My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.


My role is to state whether any material matters have come to my attention giving me cause to believe:


1.
that accounting records were not kept in accordance with section 386 of the Companies Act 2006;

2.
that the accounts do not accord with those accounting records;

3.
that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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);

4.
that there is further information needed for a proper understanding of the accounts to be reached.



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Page 6

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Independent Examiner's Report (continued)
For the Year Ended 31 March 2025

Independent Examiner's Statement


I 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, I have found no matters that require drawing to your attention.


This report is made solely to the charity's Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that ActMy work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.





Signed:      Dated: 31 July 2025

 
Amanda McMaw FCA     

 
Sumer Accountants NI Ltd
Glendinning House
6 Murray Street
Belfast
BT1 6DN
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Page 7

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)


 
Statement of financial activities (incorporating income and expenditure account)
For the Year Ended 31 March 2025

Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
Note
        £
        £
        £

Income from:






Donations and legacies

3

205,810

205,810

211,710
 
Total income
205,810
205,810
211,710
Expenditure on:






Governance


2,480

2,480

2,554
 
Charitable Activities

4

174,279

174,279

171,479
 
Total expenditure
176,759
176,759
174,033

Net movement in funds
  
29,051
29,051
37,677

Reconciliation of funds:

  




Total funds brought forward

 11 

133,196

133,196

95,519
 
Net movement in funds

  

29,051

29,051

37,677
 
Total funds carried forward
  
162,247
162,247
133,196

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 19 form part of these financial statements.

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Page 8

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)
Registered number: NI019579


 
Balance Sheet
As at 31 March 2025

2025
2024
Note
£
£

Current assets
  

Debtors
 9 
10,554
20,207

Cash at bank and in hand
  
157,705
117,847

  
168,259
138,054

Creditors: amounts falling due within one year
 10 
(6,012)
(4,858)

Net current assets 
  
 
 
162,247
 
 
133,196

Total assets less current liabilities
  
162,247
133,196

Total net assets 
  
162,247
133,196


Charity funds
  

Unrestricted funds
 11 
162,247
133,196

Total funds
  
162,247
133,196

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Page 9

 
Brookfield Business Centre Ltd
 
(A Company Limited by Guarantee)


 
Balance Sheet (continued)
As at 31 March 2025
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:




................................................
Mr John Patterson
Trustee
Date: 31 July 2025

The notes on pages 11 to 19 form part of these financial statements.

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Page 10

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

1.


General information

The Company is a company limited by guarantee incorporated in Northern Ireland and is a public benefit entity. The members of the company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Brookfield Business Centre 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.

  
2.2

Going concern

The Trustees of Brookfield Business Centre Ltd have reviewed the resources available and believe that the charity has adequate resources to continue in operational existence for the foreseeable future. 
Accordingly, Brookfield Business Centre Ltd continues to adopt the going concern basis in preparing the financial statements. 

  
2.3

Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. 

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Page 11

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

2.Accounting policies (continued)

  
2.4

Expenditure

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. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

All expenditure is inclusive of irrecoverable VAT.           .

Charitable activities and Governance costs are costs incurred on the Company's educational operations, including support costs and costs relating to the governance of the Company apportioned to charitable activities.                

  
2.5

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

  
2.6

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.8

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

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Page 12

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

2.Accounting policies (continued)

  
2.9

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.10

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

  
2.11

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.


3.

Income from donations and legacies



Unrestricted funds
2025
Total
funds
2025
        £
        £
 


Donations

191,040

191,040

Bank Interest

765

765

Maintenance Recharges

14,005

14,005



205,810
205,810



Unrestricted funds
2024
Total
funds
2024
        £
        £


Donations

200,000

200,000

Bank Interest

487

487

Maintenance Recharges

11,223

11,223



211,710
211,710

img31f2.png
Page 13

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

4.

Charitable Activities



Unrestricted funds
2025
Total
funds
2025
        £
        £



Telephone and Lease of equipment

8,755

8,755

Cleaning

350

350

Water and Sewage

272

272

Repairs and Maintenance

12,636

12,636

Legal and Professional Fees

2,400

2,400

Computer Costs

12,656

12,656

Motor Vehicle Expenses

6,876

6,876

Light and Heat

8,163

8,163

Insurance

3,962

3,962

Wages and Salaries

113,620

113,620

Employer's NIC

2,391

2,391

Employer's Pension

1,240

1,240

Miscellaneous
958
958


174,279
174,279

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Page 14

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

4.Charitable Activities (continued)



Unrestricted funds
2024
Total
funds
2024
        £
        £



Telephone and Lease of equipment

7,438

7,438

Cleaning

386

386

Water and Sewage

(607)

(607)

Repairs and Maintenance

4,148

4,148

Legal and Professional Fees

2,287

2,287

Computer Costs

8,754

8,754

Motor Vehicle Expenses

5,142

5,142

Light and Heat

7,069

7,069

Insurance

4,768

4,768

Wages and Salaries

124,679

124,679

Employer's NIC

4,842

4,842

Employer's Pension

1,956

1,956

Miscellaneous
617
617


171,479
171,479


5.

Independent examiner's remuneration

2025
2024
£
£

Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts
2,400
2,400


6.



Staff costs


2025
2024
£
£


Wages and salaries
113,620
124,679

Social security costs
2,391
4,842

Contribution to defined contribution pension schemes
1,240
1,956

117,251
131,477

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Page 15

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

6.Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:


2025
2024

No.
No.


Administrative staff
5
6






No employee received remuneration amounting to more than £60,000 in either year.




7.

Governance Costs



Unrestricted funds
2025
Total
funds
2025
        £
        £

Bank Charges

166

166

Accountancy

4,714

4,714



4,880
4,880



Unrestricted funds
2024
Total
funds
2024
        £
        £

Bank Charges

274

274

Accountancy

4,567

4,567



4,841
4,841


8.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year expenses totalling £6,431 were reimbursed to Trustees (2024: £6,231).

img6400.png
Page 16

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

9.



Debtors


2025
2024
£
£


Due within one year

Other debtors
5,895
18,271

Prepayments and accrued income
4,659
1,936

10,554
20,207


10.



Creditors: Amounts falling due within one year


2025
2024
£
£


Accruals and deferred income
6,012
4,858


11.

Statement of funds


Statement of funds - current year

Balance at 1 April 2024
£
Income
£
Expenditure
£
Balance at 31 March 2025
£

Unrestricted funds





General Funds - all funds

133,196

205,810

(176,759)

162,247
 



Statement of funds - prior year

Balance at
1 April 2023
£
Income
£
Expenditure
£
Balance at
31 March 2024
£

Unrestricted funds





General Funds - all funds

95,519

211,710

(174,033)

133,196
 




img656c.png
Page 17

 
Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

12.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2025
Total
funds
2025
        £
        £


Current assets

168,259

168,259

Creditors due within one year

(6,012)

(6,012)

Total 


162,247
162,247


Unrestricted funds
2024
Total
funds
2024
        £
        £


Current assets

138,054

138,054

Creditors due within one year

(4,858)

(4,858)

Total 

133,196
133,196


13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,240 (2024: £1,956).


14.


Operating lease commitments

At 31 March 2025 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

2025
2024
£
£


Not later than 1 year
3,597
13,594

Later than 1 year and not later than 5 years
12,591
16,322

16,188
29,916


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Brookfield Business Centre Ltd

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2025

15.


Company Limited by Gurantee

The Company is limited by guarantee and does not have share capital. Every member undertakes to contribute such amounts not exceeding £1 to the Charitable Company's assets if it should be wound up while being a member, or within one year of ceasing to be a member.


16.


Related Party Transactions

The Flax Trust, a local charity, has Trustees in common with the Directors of Brookfield Business Centre Ltd. During the year the Charity recharged the Flax Trust £14,004 (2024: £10,996) in respect of Maintenance Recharges associated with the Flax Trust properties. At the balance sheet date, the Charity is owed £Nil (2024: £13,994) from the Flax Trust. 
The Flax Trust donated £191,039 (2024: £200,000) to Brookfield Business Centre Ltd to help achieve their objectives. 
Brookfield Business Centre Ltd Trustees are represented on the Board of the North Belfast Co Operative Ltd, a registered Society. During the year the Charity charged the North Belfast Co Operative Ltd £Nil (2024: £227) in respect of recharges of the Flax Centre on behalf of the Flax Trust who own the premises. 







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