IRIS Accounts Production v23.2.0.158 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Audited Large and medium-sized companies regime for accounts Full Charities SORP true true true true true false true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI6044742022-03-31NI6044742023-03-31NI6044742022-04-012023-03-31NI6044742020-12-31NI6044742021-01-012022-03-31NI6044742022-03-31NI604474ns22:CharitableCompanyLimitedByGuarantee2022-04-012023-03-31NI604474ns15:PoundSterling2022-04-012023-03-31NI604474ns11:FRS1022022-04-012023-03-31NI604474ns11:Audited2022-04-012023-03-31NI604474ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-31NI604474ns11:FullAccounts2022-04-012023-03-31NI604474ns11:CharitiesSORP2022-04-012023-03-31NI604474ns16:EnglandWales2022-04-012023-03-31NI604474ns11:RegisteredOffice2022-04-012023-03-31NI604474ns22:Trustee12022-04-012023-03-31NI604474ns22:Trustee32022-04-012023-03-31NI604474ns22:Trustee22022-04-012023-03-31NI604474ns22:Trustee42022-04-012023-03-31NI604474ns22:Trustee52022-04-012023-03-31NI604474ns22:Trustee62022-04-012023-03-31NI604474ns22:Trustee72022-04-012023-03-31NI604474ns22:TotalUnrestrictedFunds2022-04-012023-03-31NI604474ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31NI604474ns22:Activity82022-04-012023-03-31NI604474ns22:TotalUnrestrictedFundsns22:Activity82022-04-012023-03-31NI604474ns22:Activity8ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31NI604474ns22:Activity82021-01-012022-03-31NI604474ns22:Activity92022-04-012023-03-31NI604474ns22:Activity9ns22:TotalUnrestrictedFunds2022-04-012023-03-31NI604474ns22:Activity9ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31NI604474ns22:Activity92021-01-012022-03-31NI604474ns22:TotalUnrestrictedFunds2022-03-31NI604474ns22:TotalRestrictedIncomeFunds2022-03-31NI604474ns22:TotalUnrestrictedFunds2023-03-31NI604474ns22:TotalRestrictedIncomeFunds2023-03-31NI604474ns22:TotalUnrestrictedFundsns6:WithinOneYear2023-03-31NI604474ns22:TotalRestrictedIncomeFundsns6:WithinOneYear2023-03-31NI604474ns6:WithinOneYear2023-03-31NI604474ns6:WithinOneYear2022-03-31NI604474ns6:AfterOneYearns22:TotalUnrestrictedFunds2023-03-31NI604474ns6:AfterOneYearns22:TotalRestrictedIncomeFunds2023-03-31NI604474ns6:AfterOneYear2023-03-31NI604474ns6:AfterOneYear2022-03-31NI604474ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-04-012023-03-31NI604474ns6:FurnitureFittingsToolsEquipment2022-04-012023-03-31NI604474ns6:MotorVehicles2022-04-012023-03-31NI604474ns6:ComputerEquipment2022-04-012023-03-31NI60447422022-04-012023-03-31NI60447412022-04-012023-03-31NI60447412021-01-012022-03-31NI604474ns6:OwnedAssets2022-04-012023-03-31NI604474ns6:OwnedAssets2021-01-012022-03-31NI604474ns22:TotalUnrestrictedFunds2021-01-012022-03-31NI604474ns22:TotalRestrictedIncomeFunds2021-01-012022-03-31NI604474ns22:TotalUnrestrictedFundsns22:Activity82021-01-012022-03-31NI604474ns22:Activity8ns22:TotalRestrictedIncomeFunds2021-01-012022-03-31NI604474ns22:Activity9ns22:TotalUnrestrictedFunds2021-01-012022-03-31NI604474ns22:Activity9ns22:TotalRestrictedIncomeFunds2021-01-012022-03-31NI604474ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-31NI604474ns6:FurnitureFittings2022-03-31NI604474ns6:MotorVehicles2022-03-31NI604474ns6:ComputerEquipment2022-03-31NI604474ns6:FurnitureFittings2022-04-012023-03-31NI604474ns6:OwnedOrFreeholdAssetsns6:LandBuildings2023-03-31NI604474ns6:FurnitureFittings2023-03-31NI604474ns6:MotorVehicles2023-03-31NI604474ns6:ComputerEquipment2023-03-31NI604474ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-31NI604474ns6:FurnitureFittings2022-03-31NI604474ns6:MotorVehicles2022-03-31NI604474ns6:ComputerEquipment2022-03-31
REGISTERED COMPANY NUMBER: NI604474 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101347














Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2023

for

Belfast Activity Centre

Belfast Activity Centre






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 4

Report of the Independent Auditors 5 to 8

Statement of Financial Activities 9

Balance Sheet 10 to 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13 to 14

Notes to the Financial Statements 15 to 24

Belfast Activity Centre (Registered number: NI604474)

Report of the Trustees
for the Year Ended 31 March 2023


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 2023. 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 Objects of the Charity are the advancement of amateur sport and adventure learning through outdoor activities and the advancement of citizenship and community development for the benefit of the public and in furtherance of those objects:

- to be a personal development charity that aims to engage people from all backgrounds in programmes of activity that encourage them to reach their full potential and explore their personal and social development.

- to work mainly through the medium of adventure learning and outdoor activities delivering a range of short and long term programmes and awards; and

- to provide an holistic approach to the needs and aspirations of individuals, ensuring safe, inclusive, but challenging opportunities that are "Changing lives and building futures"

Centre Accreditations and Professional Memberships
Gold Standard and Adventure Mark accreditation from the Association of Heads of Outdoor Education Centres (AHOEC)
Investors in People Silver Award
Institute of Outdoor Learning (IOL) Membership
Institute of Outdoor Learning (IOL) Approved Continuing Personal Development (CPD) Provider
Open College Network (OCN) Qualifying and Programme Centre
Learning Outside the Classroom (LOC) Quality Badge
Duke of Edinburgh Award (DOE) Licensed Centre
Duke of Edinburgh Award (DOE) Approved activity provider for Award Expedition Section
National indoor Climbing Award Scheme (NICAS) Approved Centre for delivery to Level 1 and Level 2.
ASDAN Education Awarding Centre
John Muir Award Group Member
British Heart Foundation Affiliated Heart Start Training Provider
HSE Approved Rescue Emergency Care (REC) First Aid Training Provider


Belfast Activity Centre (Registered number: NI604474)

Report of the Trustees
for the Year Ended 31 March 2023


OBJECTIVES AND ACTIVITIES
Revenue Fundraising (Short and Longer term project and programmes)
Demand for short term outdoor adventure activities and longer term learning outside the classroom programmes increased during the 12 months operating period from April 2022 to March 2023. This demand was driven from the formal schools sector with primary schools reflecting almost 90% of the total school programmes delivered alongside an increased demand from the wider voluntary and community sectors.

Work with the youth and community recognised a return to pre-Covid levels as voluntary and statutory organisations and leaders emerged from their respective restrictive operations to contract a range of programmes that addressed issues of rebuilding confidence, peer to peer and social communications, problem solving, motivation and prolonged physical inactivity under over-arching themes of health and well-being particularly amongst primary more than post primary aged groups of children.

Grant funded support was generously received from a number of independent and statutory organisations including:

Department for Communities - BAC Youth Build Programme
Belfast City Council - Support towards Centre operating costs
Department of Justice - BAC Adventure Investigators Programme
Arnold Clarke Foundation - Duke of Edinburgh Award Scheme
Greystone (IOM) - Youth intervention and diversionary programmes

FINANCIAL REVIEW
Financial
Belfast Activity Centre seeks to comply with Best Practice in managing the finances of the Centre and as outlined in the Reserves policy should hold adequate reserves to cover up to 6 months full running costs of the centre.

The charity finances at 31 March 2023 show cash at bank and in hand of £76,467 which includes £0 restricted funds.

The net current assets at 31 March 2023 were £92,783 with unrestricted reserves of £591,734 equating to more than 6 months full running costs of the centre.

Risk Policy

Risk Management is a high priority in the work of the centre. Physical Risk is monitored daily due to the nature of outdoor activities. All staff are provided with training in risk management and the Centre has a Health and Safety Advisory Committee of independent advisors who meet quarterly.

The BAC Board are tasked with the Governance of the Centre. The Board carries out regular management analysis on all aspects of the Centre's work.

Reserves policy
The Board of Directors / Trustees' of Belfast Activity Centre will endeavour to accumulate reserves which amount to up to six months full running costs of the centre. The Board believe this to be an acceptable reserve and contingency. If the Charity was fortunate enough to reach this amount of reserve, the Board would table a discussion as to how funds could be expended or invested, in-line with the work of the charity.


Belfast Activity Centre (Registered number: NI604474)

Report of the Trustees
for the Year Ended 31 March 2023

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.

Organisation and Principal Activity
Based upon the Memorandum and Articles of Association accepted by Companies House, Belfast on 17 September 2010 for the incorporation of Belfast Activity Centre as a Private Company Limited by Guarantee (Company No. NI604474).

First registered as a charity for tax purposes with HM Revenue and Customs in 1990, Charity Registration No. XN82053 and reaffirmed at 17 September 2010.

Registered as a charity with the Northern Ireland Charity Commissioner, registration on 12 January 2015, Charity Registration No. NIC101347.

BAC would like to take this opportunity to thank all its funders and supporters over the past year.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI604474 (Northern Ireland)

Registered Charity number
101347

Registered office
Barnett's Stable Yard
Barnett Demesne
Malone Road
Belfast
Co. Antrim
BT9 5PB

Trustees
Mr Thomas Scott Retired Civil Servant
Mr Ian Douglas Consulting Engineer
Mr John Harold Baird Chartered Management Accountant
Ms Sarah Pamela Ballantine Reporter
Ms Clare Maria McNicholl Education Manager
Mr Lewis William Graham Given Business Consultant
Mr Scott Hamilton Retail Store Manager

Auditors
McCleary & Company Ltd
Chartered Accountants and Registered Auditors
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Armagh
BT66 8BB

Belfast Activity Centre (Registered number: NI604474)

Report of the Trustees
for the Year Ended 31 March 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Belfast Activity Centre for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which 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.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, McCleary & Company Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the Board of Trustees on 20 November 2023 and signed on its behalf by:





Mr Thomas Scott - Trustee

Report of the Independent Auditors to the Members of
Belfast Activity Centre

Opinion
We have audited the financial statements of Belfast Activity Centre (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Belfast Activity Centre


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Belfast Activity Centre


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Having considered the nature of the Charity and the sector in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to breaches of health and safety laws, employment law and environmental regulations. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that do not have a direct impact on the preparation of the financial statements but compliance with which may be fundamental to the Charity's ability to operate such as the Companies Act 2006.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to misstatement of restricted and unrestricted fund balances. Audit procedures performed included:
- Enquiry of those charged with governance including any known or suspected instances of non-compliance with laws and regulations, potential litigation and fraud;
- Identifying and testing journal entries for appropriateness, evaluating the rationale for significant transactions outside what is normal for the company and assessing whether the judgments made in making accounting estimates are indicative of potential bias, in order to assess the risk of fraud through management override of controls;
- Analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- Challenging assumptions and judgments made by management in significant accounting estimates;
- Reviewing the disclosures in the financial statements against the specific legal requirements.
- Substantive testing of Balance Sheet items, together with a high level of individual account analysis.
- Detailed analysis of all restricted funds, agreeing postings and cut off.
We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures outlined above. We are less likely to become aware of instances with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Members of
Belfast Activity Centre


Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




John McCleary (Senior Statutory Auditor)
for and on behalf of McCleary & Company Ltd
Chartered Accountants and Registered Auditors
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Armagh
BT66 8BB

20 November 2023

Belfast Activity Centre

Statement of Financial Activities
for the Year Ended 31 March 2023

Period
1.1.21
Year Ended to
31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 288,882 215,878 504,760 613,214

Other trading activities 3 24,928 - 24,928 14,225
Investment income 4 - - - 6
Other income 5 198 - 198 356
Total 314,008 215,878 529,886 627,801

EXPENDITURE ON
Charitable activities 6
Direct costs 241,266 167,762 409,028 418,751
Support costs 207,219 24,641 231,860 260,555
Total 448,485 192,403 640,888 679,306

NET INCOME/(EXPENDITURE) (134,477 ) 23,475 (111,002 ) (51,505 )
Transfers between funds 18 23,475 (23,475 ) - -
Net movement in funds (111,002 ) - (111,002 ) (51,505 )

RECONCILIATION OF FUNDS
Total funds brought forward 702,736 - 702,736 754,241

TOTAL FUNDS CARRIED FORWARD 591,734 - 591,734 702,736

Belfast Activity Centre (Registered number: NI604474)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 501,118 - 501,118 550,568

CURRENT ASSETS
Debtors 13 117,177 42,215 159,392 169,946
Cash at bank and in hand 76,467 - 76,467 119,357
193,644 42,215 235,859 289,303

CREDITORS
Amounts falling due within one year 14 (100,861 ) (42,215 ) (143,076 ) (128,468 )

NET CURRENT ASSETS 92,783 - 92,783 160,835

TOTAL ASSETS LESS CURRENT
LIABILITIES

593,901

-

593,901

711,403

CREDITORS
Amounts falling due after more than one year 15 (2,167 ) - (2,167 ) (8,667 )

NET ASSETS 591,734 - 591,734 702,736
FUNDS 18
Unrestricted funds 591,734 702,736
TOTAL FUNDS 591,734 702,736


Belfast Activity Centre (Registered number: NI604474)

Balance Sheet - continued
31 March 2023

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 20 November 2023 and were signed on its behalf by:





Mr Thomas Scott - Trustee





Mr John Harold Baird - Trustee

Belfast Activity Centre

Cash Flow Statement
for the Year Ended 31 March 2023

Period
1.1.21
Year Ended to
31.3.23 31.3.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 51,911 8,081
Interest element of hire purchase
payments paid

(607

)

(480

)
Net cash provided by operating activities 51,304 7,601

Cash flows from investing activities
Purchase of tangible fixed assets (33,872 ) (44,650 )
Interest received - 6
Net cash used in investing activities (33,872 ) (44,644 )

Cash flows from financing activities
Capital repayments in year (6,500 ) 15,167
Net cash (used in)/provided by financing activities (6,500 ) 15,167

Change in cash and cash equivalents in
the reporting period

10,932

(21,876

)
Cash and cash equivalents at the
beginning of the reporting period

2

65,535

87,411
Cash and cash equivalents at the end
of the reporting period

2

76,467

65,535

Belfast Activity Centre

Notes to the Cash Flow Statement
for the Year Ended 31 March 2023

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Net expenditure for the reporting period (as per the Statement of
Financial Activities)

(111,002

)

(51,505

)
Adjustments for:
Depreciation charges 83,322 108,239
Interest received - (6 )
Interest element of hire purchase and finance lease rental payments 607 480
Decrease/(increase) in debtors 10,554 (67,332 )
Increase in creditors 68,430 18,205
Net cash provided by operations 51,911 8,081

2. ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.23 31.3.22
£    £   
Cash in hand 111 122
Notice deposits (less than 3 months) 76,356 119,235
Overdrafts included in bank loans and overdrafts falling due within one
year

-

(53,822

)
Total cash and cash equivalents 76,467 65,535



Belfast Activity Centre

Notes to the Cash Flow Statement
for the Year Ended 31 March 2023

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 119,357 (42,890 ) 76,467
Bank overdraft (53,822 ) 53,822 -
65,535 10,932 76,467

Debt
Finance leases (15,167 ) 6,500 (8,667 )
(15,167 ) 6,500 (8,667 )
Total 50,368 17,432 67,800

Belfast Activity Centre

Notes to the Financial Statements
for the Year Ended 31 March 2023

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.


Tenant improvements, Belfast ALP and
Boathouse

-

at varying rates on cost
Office, camping and outdoor equipment - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

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.


Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Donated goods
Donated goods are recognised as income or assets when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated items are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain the item on the open market.

2. DONATIONS AND LEGACIES
Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Donations 5,217 1,889
Grants 215,878 302,194
Activity income 283,665 309,131
504,760 613,214

Included in Donations is £5,000.00. This is the value placed on a minivan donated to the Charity in the year.

Grants received, included in the above, are as follows:

Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Other Grants - 147
Belfast Regeneration Office - Youthbuild 132,403 123,710
Belfast City Council 13,000 21,250
Department of Justice 6,000 11,800
Department for Communities 23,475 9,500
NIO New Beginnings - 25,390
ARN - 22,300
HMRC - 35,818
Department of Finance - 10,000
Ulster Community foundation - 20,279
N I Tourist Board - 22,000
Greystone (IOM) Limited 40,000 -
Arnold Clark Community Fund 1,000 -
215,878 302,194

Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. OTHER TRADING ACTIVITIES
Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Abseil Income 24,928 14,110
Rathlin Run - 115
24,928 14,225

4. INVESTMENT INCOME
Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Deposit account interest - 6

5. OTHER INCOME
Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Other income 198 356

6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£    £    £   
Direct costs 409,028 - 409,028
Support costs - 231,860 231,860
409,028 231,860 640,888


Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Support costs 2,941 218,065 10,854 231,860

8. NET INCOME/(EXPENDITURE)

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

Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Auditors' remuneration 10,854 3,000
Depreciation - owned assets 83,322 108,239

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the period ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022.


10. STAFF COSTS
Period
1.1.21
Year Ended to
31.3.23 31.3.22
£    £   
Wages and salaries 357,973 343,092
Social security costs 23,361 23,074
Other pension costs 12,891 15,728
394,225 381,894

Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. STAFF COSTS - continued

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

Period
1.1.21
Year Ended to
31.3.23 31.3.22
Management and administration 4 3
Charitable activity and programmes 12 8
Seasonal 4 5
20 16

Remuneration for key management personnel in the year amounted to £95,133.(2022 : 15 month period £161,550).

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

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 386,264 226,950 613,214

Other trading activities 14,225 - 14,225
Investment income 6 - 6
Other income 356 - 356
Total 400,851 226,950 627,801

EXPENDITURE ON
Charitable activities
Direct costs 163,563 255,188 418,751
Support costs 244,305 16,250 260,555
Total 407,868 271,438 679,306

NET INCOME/(EXPENDITURE) (7,017 ) (44,488 ) (51,505 )


RECONCILIATION OF FUNDS
Total funds brought forward 709,753 44,488 754,241


Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£    £    £   
TOTAL FUNDS CARRIED
FORWARD

702,736

-

702,736

12. TANGIBLE FIXED ASSETS
Tenant Office,
improvements, camping
Belfast and
ALP and outdoor Motor Computer
Boathouse equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,596,354 116,479 106,922 32,179 1,851,934
Additions - 25,755 5,000 3,117 33,872
Disposals - - (7,991 ) - (7,991 )
At 31 March 2023 1,596,354 142,234 103,931 35,296 1,877,815
DEPRECIATION
At 1 April 2022 1,088,773 102,875 78,776 30,942 1,301,366
Charge for year 63,855 9,598 8,287 1,582 83,322
Eliminated on disposal - - (7,991 ) - (7,991 )
At 31 March 2023 1,152,628 112,473 79,072 32,524 1,376,697
NET BOOK VALUE
At 31 March 2023 443,726 29,761 24,859 2,772 501,118
At 31 March 2022 507,581 13,604 28,146 1,237 550,568

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 73,086 81,232
Other debtors 861 -
Loan debtor - 30,758
Accrued income 84,430 57,620
Prepayments 1,015 336
159,392 169,946

Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 16) - 53,822
Hire purchase (see note 17) 6,500 6,500
Trade creditors 42,346 48,289
Social security and other taxes (313 ) 6,863
Other creditors 53,387 4,947
Accruals and deferred income 41,156 8,047
143,076 128,468

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase (see note 17) 2,167 8,667

16. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 53,822

17. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 6,500 6,500
Between one and five years 2,167 8,667
8,667 15,167


Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

18. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 225,290 (134,477 ) 91,068 181,881
Barnett's Project 115,624 - (19,271 ) 96,353
Belfast ALP 216,799 - (36,237 ) 180,562
Boathouse 145,023 - (12,085 ) 132,938
702,736 (134,477 ) 23,475 591,734
Restricted funds
DFC Capital - 23,475 (23,475 ) -

TOTAL FUNDS 702,736 (111,002 ) - 591,734

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 314,008 (448,485 ) (134,477 )

Restricted funds
Belfast Regeneration Office -
Youthbuild

130,903

(130,903

)

-
DFC Capital 23,475 - 23,475
Department of Justice 6,000 (6,000 ) -
Belfast City Council 13,000 (13,000 ) -
Greystone (IOM) Limited 40,000 (40,000 ) -
BRO Fuel Grant 1,500 (1,500 ) -
Arnold Clark Community Fund 1,000 (1,000 ) -
215,878 (192,403 ) 23,475
TOTAL FUNDS 529,886 (640,888 ) (111,002 )


Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.21 in funds funds 31.3.22
£    £    £    £   
Unrestricted funds
General fund 147,816 (7,017 ) 84,491 225,290
Barnett's Project 139,713 - (24,089 ) 115,624
Belfast ALP 262,095 - (45,296 ) 216,799
Boathouse 160,129 - (15,106 ) 145,023
709,753 (7,017 ) - 702,736
Restricted funds
Belfast Regeneration Office -
Youthbuild

13,622

(13,622

)

-

-
DFC Capital - 5,500 (5,500 ) -
ARN 30,866 (30,866 ) - -
N I Tourist Board - (5,500 ) 5,500 -
44,488 (44,488 ) - -
TOTAL FUNDS 754,241 (51,505 ) - 702,736

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 400,851 (407,868 ) (7,017 )

Restricted funds
Belfast Regeneration Office -
Youthbuild

123,710

(137,332

)

(13,622

)
NIO New Beginnings 25,390 (25,390 ) -
DFC Capital 5,500 - 5,500
Department of Justice 11,800 (11,800 ) -
Belfast City Council 16,250 (16,250 ) -
ARN 22,300 (53,166 ) (30,866 )
N I Tourist Board 22,000 (27,500 ) (5,500 )
226,950 (271,438 ) (44,488 )
TOTAL FUNDS 627,801 (679,306 ) (51,505 )

Belfast Activity Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

19. RELATED PARTY DISCLOSURES

Ardaluin Regeneration Trust, is an unincorporated charity with Trustees in common.
Belfast Activity Centre looks after some of the administration on behalf of Ardaluin Regeneration Trust, while Ardaluin Regeneration Trust provides services to Belfast Activity Centre on a commercial basis.

Included in creditors is a balance due to Ardaluin Regeneration Trust of £277, (2022 debtor of £30,758).