REGISTERED COMPANY NUMBER: NI027554 (Northern Ireland)

REGISTERED CHARITY NUMBER: NIC101358

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Ballymote Community Project Limited

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's mission statement is as follows:

"the development of a strong community spirit through the creation of pride, employment and training opportunities and social interaction within its local area."

The key strategic objectives set for the year continues:

1. To encourage people to become active in a voluntary capacity, organise groups if required and use the facilities offered within the community centre to make life better for themselves and their neighbours.

2. To create job and training opportunities to people of all ages within the local community through the provision of a range of business units, offices, training rooms and catering facilities at favourable terms to encourage inward investment in people within the geographic area.

3. To further the education of people in a range of skills in the retail and service sectors and through opportunities to participate in non-vocational education, numeracy, literacy and other life-long skills.

4. To provide assistance in small amounts of start-up finance or rent holidays and technical or business advice to assist and create new businesses to grow or to maintain existing businesses.

5. To continue to provide community based initiatives through debt advice, community development services, grant advice services and a wide range of health services which all help to encourage unemployed and disadvantaged people to find ways to improve their circumstances and enhance their personal development.

STRATEGIC REPORT

Financial review

Principal funding sources

The principal funding sources of the charity is through rental income of business units, offices, training rooms and catering facilities situated within the community centre.

Reserves policy

The trustees have examined the charity's requirements for reserves in light of the main risks of the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 to 6 months expenditure.

Future plans

The charity is committed to the continued provision of current services subject to satisfactory funding arrangements.

The trustees of the charity have retained designated reserves of £31,305 at the end of the financial year 31 March 2026 in relation to projects relating to additional car parking and internal upgrading of the building to provide enhanced energy provisions.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 14th June 1993 and registered as a charity on 15th September 2015. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The Memorandum lists the company's objects as the advancement of community development for the public benefit in Downpatrick (the "area of benefit"), in particular but not exclusively by any or all of the following means:

(i) supporting and developing the work of the community and voluntary groups in charitable activity which seek to improve the quality of life of the inhabitants of the area of benefit;

(ii) the creation of training and employment opportunities for the unemployed by the provision of workspace, buildings and/or land for use of favourable terms;

(iii) the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience;

(iv) the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help in setting up their own business or to existing businesses.

In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company's articles of association shall manage the business of the company and exercise all powers of the company. At each annual general meeting, one third of the directors retire by rotation. Due to the nature of the charity's work, the trustees seek to ensure that the needs of the community are appropriately reflected through the diversity of trustees. To enhance this, trustees are sought who have an interest and understanding of the charity's work.

Organisational structure

The centre is a social enterprise managed by a voluntary board of members. The board oversees the centre through a general manager who has designated responsibility for the day to day operational management of the centre, individual supervision of the staff team and ensuring that the team continue to develop their skills and working performance in line with good practice. The financial aspect of the centre is managed by the charity's finance officer whose function is to monitor and report to the board to enable them to make informed funding decisions for the charity not only for the present but also in ensuring the charity's objectives are sustained going forward.

Charity Committee

Mr Patrick Kelly - Chairperson

Mr Patrick Peake

Mr Joseph Torney

Mr Eamonn McGrady - Secretary

Mr Richard McGreevy

Mr Joe McStay

Mr Stephen Austin

Mrs Aurla Ward

Mr Colm Quinn (appointed 15/5/2026)

Related parties

There are no related parties within the financial year under review.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI027554 (Northern Ireland)

Registered Charity number

NIC101358

Registered office

40 Killough Road

Downpatrick

BT30 6PY

Trustees

Mr P J Kelly

Mr P Peake

Mr J Torney

Mr E McGrady

Mr R McGreevy

Mr S Austin

Mr J McStay

Mr C Quinn (appointed 15/5/2026)

Mrs A Ward (appointed 17/6/2026)

Company Secretary

Mr E McGrady

Independent Examiner

Mr Conaill McGrady FCA

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

Bankers

AIB

42 - 44 Hill Street

Newry

BT34 1AU

Solicitors

Scullion & Green

50 St Patrick's Avenue

Downpatrick

BT30 6DW

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 23 June 2026 and signed on the board's behalf by:

Mr J Torney - Trustee

I report on the accounts of the company for the year ended 31 March 2026, which are set out on pages five to twelve.

Respective responsibilities of charity trustees and examiner

As the charity's trustees (and also the directors for the purposes 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

-	follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act

-	state whether particular matters have come to my attention.

Basis of the independent examiner's report

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. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included 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

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

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.

Mr Conaill McGrady FCA

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

23 June 2026

31/3/26

31/3/25

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

GENERAL

199,797

-

199,797

197,907

Investment income

2

3,745

-

3,745

6,284

Total

203,542

-

203,542

204,191

EXPENDITURE ON

Charitable activities

GENERAL

220,600

-

220,600

198,273

NET INCOME/(EXPENDITURE)

(17,058

)

-

(17,058

)

5,918

RECONCILIATION OF FUNDS

Total funds brought forward

1,778,827

-

1,778,827

1,772,909

TOTAL FUNDS CARRIED FORWARD

1,761,769

-

1,761,769

1,778,827

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

31/3/26

31/3/25

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

6

1,381,017

-

1,381,017

1,431,105

CURRENT ASSETS

Debtors

7

11,408

-

11,408

9,393

Cash at bank

390,967

-

390,967

355,234

402,375

-

402,375

364,627

CREDITORS

Amounts falling due within one year

8

(21,623

)

-

(21,623

)

(16,905

)

NET CURRENT ASSETS

380,752

-

380,752

347,722

TOTAL ASSETS LESS CURRENT LIABILITIES

1,761,769

-

1,761,769

1,778,827

NET ASSETS

1,761,769

-

1,761,769

1,778,827

FUNDS

9

Unrestricted funds

1,761,769

1,778,827

TOTAL FUNDS

1,761,769

1,778,827

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 23 June 2026 and were signed on its behalf by:

Mr P J Kelly - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property - 2% straight line

Plant and Machinery - 20 % reducing balance

Fixtures and Fittings - 10% reducing balance

Equipment - 20% reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INVESTMENT INCOME

31/3/26

31/3/25

£

£

Deposit account interest

3,745

6,284

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/26

31/3/25

£

£

Independent examination fees

2,400

2,500

Depreciation - owned assets

50,088

50,496

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31/3/26

31/3/25

Employees

4

4

No employees received emoluments in excess of £60,000.

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2025 and 31 March 2026

2,346,311

17,560

84,370

5,773

2,454,014

DEPRECIATION

At 1 April 2025

944,726

15,490

56,951

5,742

1,022,909

Charge for year

46,926

414

2,742

6

50,088

At 31 March 2026

991,652

15,904

59,693

5,748

1,072,997

NET BOOK VALUE

At 31 March 2026

1,354,659

1,656

24,677

25

1,381,017

At 31 March 2025

1,401,585

2,070

27,419

31

1,431,105

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

11,408

9,393

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade creditors

2,287

640

VAT

7,672

8,483

Accruals and deferred income

11,664

7,782

21,623

16,905

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/25

in funds

31/3/26

£

£

£

Unrestricted funds

General fund

1,747,522

(17,058

)

1,730,464

Designated fund

31,305

-

31,305

1,778,827

(17,058

)

1,761,769

TOTAL FUNDS

1,778,827

(17,058

)

1,761,769

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

203,542

(220,600

)

(17,058

)

TOTAL FUNDS

203,542

(220,600

)

(17,058

)

Comparatives for movement in funds

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

1,741,604

5,918

1,747,522

Designated fund

31,305

-

31,305

1,772,909

5,918

1,778,827

TOTAL FUNDS

1,772,909

5,918

1,778,827

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

204,191

(198,273

)

5,918

TOTAL FUNDS

204,191

(198,273

)

5,918

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.