REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements |
for the Year Ended 31 March 2023 |
for |
Belfast Activity Centre |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Registered office |
Trustees |
Auditors |
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 |
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. |
for and on behalf of |
Chartered Accountants and Registered Auditors |
High Street |
Lurgan |
Craigavon |
Co. Armagh |
BT66 8BB |
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 |
Other trading activities | 3 |
Investment income | 4 |
Other income | 5 |
Total |
EXPENDITURE ON |
Charitable activities | 6 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 18 | 23,475 | (23,475 | ) | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 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 |
CURRENT ASSETS |
Debtors | 13 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 14 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 15 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 18 |
Unrestricted funds | 702,736 |
TOTAL FUNDS | 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 |
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 |
- |
Office, camping and outdoor equipment | - |
Motor vehicles | - |
Computer equipment | - |
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 |
Grants |
Activity income |
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 |
Rathlin Run | - | 115 |
4. | INVESTMENT INCOME |
Period |
1.1.21 |
Year Ended | to |
31.3.23 | 31.3.22 |
£ | £ |
Deposit account interest |
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 |
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 |
Social security costs |
Other pension costs |
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 |
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 |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 709,753 | 44,488 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Other debtors |
Loan debtor | - | 30,758 |
Accrued income |
Prepayments |
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) |
Hire purchase (see note 17) | 6,500 | 6,500 |
Trade creditors |
Social security and other taxes | ( |
) |
Other creditors |
Accruals and deferred income |
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 |
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 |
(134,477 | ) |
Restricted funds |
DFC Capital | - | 23,475 | (23,475 | ) | - |
TOTAL FUNDS | (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 | ) | - |
( |
) | 23,475 |
TOTAL FUNDS | ( |
) | (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). |