2025-03-31-accounts

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital)

Annual Report and Audited Financial Statements

for the financial year ended 31 March 2025

Muldoon Chartered Accountants and Statutory Auditors 16 Mount Charles Belfast BT7 1NZ

Company Number: NI031042 Charity Number: NIC100587

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

Belfast Healthy Cities Project Limited

(A company limited by guarantee, not having a share capital)

CONTENTS

	Page
Reference and Administrative Information	3
Directors' Annual Report	4 - 6
Statement of Directors' Responsibilities	7
Independent Auditor's Report	8-10
Statement of Financial Activities	11
Balance Sheet	12
Notes to the Financial Statements	13 - 20

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Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION

Directors

Mr Michael Boyd (Chair) (Resigned 30 January 2025) Prof. Ian Montgomery (Chair) Dr Elizabeth Pinkerton (Resigned 30 January 2025) Mr John Tully Mr Michial Dudley (Appointed 30 January 2025) Prof. Jonathan Wallace Dr James Hennessey (Appointed 30 January 2025) Mrs Carol Ramsey Dr Martin Cunningham (Treasurer) Ms Mary Palmer Dr Susan Christie Mr Daniel McQuillan (Resigned 30 January 2025) Mr Alistair Beggs (Resigned 30 January 2025) Prof. Ruth Hunter Ms Linda Armitage Dr Elizabeth Mitchell (Resigned 30 January 2025)

Company Secretary Ms Caroline Scott Charity Number in Northern Ireland NIC100587 Company Registration Number NI031042 Registered Office and Principal Address 3rd Floor Gordon House 22/24 Lombard Street Belfast BT1 1RD Auditors Muldoon Chartered Accountants and Statutory Auditors 16 Mount Charles Belfast BT7 1NZ Principal Bankers Ulster Bank Limited 11-16 Donegall Square East Belfast BT1 5UB

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Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 March 2025

The trustees (who are also directors of the charity) present their annual report, combining the Directors' Report under the Companies Act 2006 and the Trustees' Report under the Charities SORP FRS102 (effective January 2019) and the audited financial statements for the year ended 31 March 2025 also prepared in accordance with the aforementioned Statement of Recommended Practice. The company is limited by guarantee and as such doesn't have any share capital. The liability of each member is limited to £1.

Reference and Administrative details

The company Belfast Healthy Cities Project Limited is limited by guarantee, not having a share capital, incorporated on 24 June 1996, and has charitable status. The company registration number is NI031042. Its principal and registered office is 3rd Floor, Gordon House, 22-24 Lombard Street, Belfast, BT1 1RD. The company registered with the Charity Commission Northern Ireland on 16 September 2014 and its registration number is NIC 100587. Principal Risks and Uncertainties The trustees have a risk management strategy that comprises:

• A quarterly review of the principal risks and uncertainties that the charity faces;

• Establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and

• Implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise

This work is ongoing to identify that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due. Attention has also focused on non-financial risks arising from fire, health and safety of artists and participants, staff and food hygiene. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place and regular awareness training for staff working in these operational areas. At Audit and Risk Committee and Board meetings remedial action is taken, if necessary. Appropriate insurance cover is in place where required.

Objectives and Activities

The objects of the charity are:

• To promote the public benefit in and around the City of Belfast (the Project Area) good practice in public health and primary healthcare

• To relieve poverty, hardship and distress associated with poor health for all those living and working within the Project Area

• To advance education relating to the benefits of good health and to the implications for all those living or working within the project area of poor health amongst individuals, agencies, authorities, voluntary and community organisations, academic institutions, companies, firms and trade unions

The Charity's goal is to shape and develop healthy public policy and practice that delivered through partner organisations. It also aims to introduce new concepts, evidence and ways of working, through participation in the WHO European Healthy Cities Network.

Belfast has been a member of the World Health Organization for over 35 years, and in that, time the city has learnt much from participating in the network that includes cities from across WHO Europe. The WHO Network carries out its work in 5-year phases, and the priorities for the Phase VII period agreed at the International Healthy Cities Conference in Belfast in October 2018 are: People; Place; Planet, Peace; Prosperity; and Participation. The themes facilitate cities to take forward action on the 17 Sustainable Development Goals that the United Nations have set to achieve globally by 2030.

The agreed themes align closely with city and regional priorities as set out in the Belfast Agenda, Making Life Better and Programme for Government. Belfast Healthy Cities works closely with decision makers in government departments, the public sector as well as the voluntary and community sectors to deliver programmes in relation to these themes.

- Belfast Designated to WHO European Healthy Cities Phase VII (2019 2026)

Belfast remains a designated World Health Organization Phase VII Healthy City , part of a global network of cities committed to improving the health and well-being of their citizens while reducing health inequalities, particularly for vulnerable populations. The city’s commitment to Phase VII of the WHO European Healthy Cities Network was formalised on 2 April 2019 with key stakeholders and funders, including the Public Health Agency, Belfast City Council, Belfast Health and Social Care Trust, and the Northern Ireland Housing Executive. Membership continues to provide Belfast with access to innovative concepts, robust evidence, and opportunities to learn from the experiences of other cities across the network.

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Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 March 2025

Programme 1: Promoting Healthy Transport

The Walking Bus pilot programme moved through its final phases in 2024/2025. This initiative, which encourages children to walk to school safely in supervised groups, had a positive evaluation during the year, demonstrating its impact on both health and traffic congestion. In addition to its health benefits, the Walking Bus has also been an opportunity to teach children about road safety and sustainable travel. Belfast Healthy Cities are currently working on a new school resource which will be launched next year. In addition Belfast Healthy Cities launched a Programme of work focused on Transport Poverty, initial work has commenced on a research study and findings will be launched early 2025/2026.

Programme 2: Greening the City

The Greening the City Advisory group established to support this programme is co-chaired by a BHC Board of Director and QUB, as part of the Groundswell project. Member organisations include Belfast City Council; Department for Infrastructure; EastSide Partnership; Northern Ireland Environment Link; Queen's University Belfast; Social Farms & Gardens; and West Belfast Partnership Board. The group focused on collaboration this year – sharing programmes and projects and encouraging cross sectoral partnerships. The BUG garden was launched in May 2024 and was a good working example of organisations working in partnership to ‘green the city’.

This year Belfast Healthy Cities led the development of 2 new Green Health Maps – South Belfast alleyways and Carezone North Belfast aswell as deliver the Healthy Places Healthy Children programme to 11 schools. Each school, with the support of Belfast Healthy Cities and Groundswell went on to co-design a place within their schools estate, with and for children to build on their learning about the links between the built environment and their health.

Programme 3: Community Prosperity

Belfast Healthy Cities continued to play an active role in the Care Zone in North Belfast, supporting its work to improve the residents local community in north Belfast. This year saw the successful launch of the Greater Care Zone Green Health Map, a resource co-created with youth groups, Community Champions, and local organisations like youth project Yeha amongst others. This initiative represents the culmination of months of collaborative work and serves as a model for how communities can lead the way in addressing health challenges.

This year also saw the successful development and launch of the South Belfast Alleyways Green Health Maps, a resource co-created with Forward South, families and local organisations.

Programme 4: Capacity Building

Health Literacy Schools Resource (Self-care and Pharmacy): The Pharmacy Schools Programme continued to equip children across Northern Ireland with essential knowledge about self-care and the responsible use of medicines. This year, over 100 schools implemented the programme, reaching thousands of students and their families. The programme’s updated resources, co-developed with input from teachers and pharmacists, introduced new lessons on emerging health issues, ensuring the content remains relevant and impactful. Workshops for educators provided hands-on training, enabling them to deliver the programme effectively and confidently. The Programme is undergoing evaluation, due to conclude in 2025/2026.

Health Equity - In February 2025, Belfast Healthy Cities delivered Health Equity Training to senior leaders in both Belfast and L’Derry, alongside a dedicated political briefing for Belfast City Council elected representatives. These sessions highlighted the critical role of decision makers in addressing structural inequalities, ensuring that policies and investments actively promote fairness, and embedding health equity as a guiding principle in city-wide planning and governance.

Programme 5: Maximising Learning and Knowledge Exchange

Belfast Healthy Cities participated in a number of groups across WHO Europe and UK and share the learning with local groups as well as organising a series of seminars with speakers from WHO and other European Healthy Cities on key public health issues.

The 2024 WHO Healthy Cities Annual Business Meeting took place online and was attended by Belfast Healthy Cities staff and Board Members as well as Cllr Ruth Brooks, Chair of the Belfast City Council People & Communities Committee.

The Belfast Healthy Cities Information Service continued to provide direct links to Departmental press releases, relevant WHO research findings as well as selected other information, particularly from other Healthy Cities and Belfast Healthy Cities’ partners.

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Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT

for the financial year ended 31 March 2025

WHO Explorer Bursary Awards 2024/2025

James Hennessey from The Paul Hogarth Company and Ministerial Advisory Group travelled to Izmir and Bursa in Türkiye to look at measures these cities are taking to increase accessible green and blue spaces, resilience measures and biodiversity in the face of the climate and nature crisis.

Amy Bell from Climate NI travelled to Copenhagen and Horsens to explore place-based adaptations to reduce climate change risks to health and well-being in Denmark, particularly how communities are improving their understanding of these risks and the measures cities are implementing to improve societal resistance.

Looking Ahead: Priorities for 2025-2026

Looking to next year, Belfast Healthy Cities will build on its achievements by tackling emerging and persistent challenges that shape health and well-being. Addressing transport poverty will be a key focus, recognising that affordable, safe, and sustainable travel is essential for accessing education, employment, and services. The organisation will also prioritise empowering children and young people, ensuring their voices are heard directly by decision makers, as today’s generation holds the lived experience and creativity to shape healthier futures. Alongside this, Belfast Healthy Cities will work with partners to confront one of the most pressing public health and social issues of our time: ending violence against women and girls, acknowledging the profound impact of safety and equality on community health.

Finally, preparations are underway for the Phase VIII WHO Healthy Cities application , due for launch in autumn 2025, which will provide an opportunity to consolidate learning, reaffirm the city’s leadership in health equity, and set an ambitious vision for the next phase of the programme.

Financial Review

The results for the year are included in Page 11 of the financial statements.

Reserves Policy

It is the policy of the charity to hold a level reserves to cover specific future programme costs as well as general running costs, administration costs and wages. This Reserve figure has been set at the equivalent of 3 months programme costs and 6 months running / administration and wages costs. In addition, a further reserve fund is being maintained to fund the future development of the charity. The total reserve figure has been calculated as £310,101 and can be seen in note 14 to these financial statements.

Financial Results

At the end of the financial year the company has assets of £432,246 (2024 - £310,186) and liabilities of £122,145 (2024 - £22,638). The net assets of the company have increased by £22,553.

Compliance with Sector-Wide Legislation and Standards

The company engages pro-actively with legislation, standards and codes which are developed for the sector. Belfast Healthy Cities Project Limited subscribes to and is compliant with the following:

• The Companies Act 2006

• The Charities SORP (FRS 102)

The Auditors

The auditors, Muldoon, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Approved by the Board of Directors on 04 November 2025 and signed on its behalf by:

| ________ law Nondyomery Ian Montgomery Director and Chair

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Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS' RESPONSIBILITIES

for the financial year ended 31 March 2025

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the net income or expenditure of the company for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP

• make judgements and accounting estimates that are reasonable and prudent;

• state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the directors are aware:

• there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and

• the directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Approved by the Board of Directors on 04 November 2025 and signed on its behalf by:

Cc ________ Ian Montgomery 2294E14BF3AD4CB...Movtnpmury Director and Chair

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Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Healthy Cities Project Limited

(A company limited by guarantee, not having a share capital)

Report on the audit of the financial statements

Opinion

We have audited the company financial statements of Belfast Healthy Cities Project Limited ('the company') for the financial year ended 31 March 2025 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.

In our opinion, when reporting in accordance with a fair presentation framework the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its surplus for the financial 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with 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 directors' 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 company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

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

Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. 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.

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 course of 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.

Opinion on other matter 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 Directors' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Directors' Annual Report has been prepared in accordance with applicable legal requirements.

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INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Healthy Cities Project Limited

(A company limited by guarantee, not having a share capital)

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Annual Report.

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

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors' remuneration specified by law are not made; or

• the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Annual Report.

Responsibilities of directors for the financial statements

As explained more fully in the Statement of Directors' Responsibilities set out on page 8, the directors 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 they 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 directors are responsible for assessing the 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 management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's 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 an Auditor's Report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Further information regarding the scope of our responsibilities as auditor

• As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the , whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by directors.

• Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the the company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Healthy Cities Project Limited

(A company limited by guarantee, not having a share capital)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the 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 company's members those matters we are required to state to them in an auditor's 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

[reeext Bie

__________ Mr Robert Barr (Senior Statutory Auditor) for and on behalf of MULDOON Chartered Accountants and Statutory Auditors 16 Mount Charles Belfast BT7 1NZ

04 November 2025

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Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 March 2025

		Unrestricted	Restricted	Total	Total
		Funds	Funds
		2025	2025	2025	2024
	Notes	£	£	£	£
Income from:
Investments	5	172	-	172	162
Charitable activities	6	42,515	335,867	378,382	359,758
		───────	───────	───────	───────
Total Income		42,687	335,867	378,554	359,920
Expenditure on:
Charitable activities	7	20,134	335,867	356,001	356,535
		───────	───────	───────	───────
Total Expenditure		20,134	335,867	356,001	356,535
		───────	───────	───────	───────
Surplus/(Deficit) for the year		22,553	-	22,553	3,385
Transfers between funds		-	-	-	-
		───────	───────	───────	───────
Net movement in funds for the		22,553	-	22,553	3,385
financial year
Reconciliation of funds
Balances brought forward	14	287,548	-	287,548	284,163
		───────	───────	───────	───────
Balances carried forward		310,101	-	310,101	287,548

═══════ ═══════ ═══════ ═══════

The notes on pages 13 to 20 form part of the financial statements

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Belfast Healthy Cities Project Limited

(A company limited by guarantee, not having a share capital) Company Number: NI031042 BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£
Fixed Assets
Tangible assets	11 14,186	11 14,186	6,599
		───────	───────
Current Assets
Debtors	12 26,713	12 26,713	31,456
Cash at bank and in hand	391,347	391,347	272,131
		───────	───────
	418,060	418,060	303,587
		───────	───────
Creditors: Amounts falling due within one year	13 (122,145)	13 (122,145)	(22,638)
		───────	───────
Net Current Assets	295,915	295,915	280,949
		───────	───────
Total Assets less Current Liabilities	310,101	310,101	287,548
		───────	───────
Total Net Assets	310,101	310,101	287,548
		═══════	═══════
Funds
Designated Funds		254,216	239,216
Unrestricted Funds	55,885	55,885	48,332
		───────	───────
Total funds	14 310,101	14 310,101	287,548
		═══════	═══════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the Board of Directors and authorised for issue on 04 November 2025 and signed on its behalf by

Cc ________ Ian Montgomery 2294E14BF3AD4CB...Movtnpmury

Director

The notes on pages 13 to 20 form part of the financial statements

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Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

1. GENERAL INFORMATION

Belfast Healthy Cities Project Limited is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 3rd Floor, Gordon House, 22/24 Lombard Street, Belfast, BT1 1RD which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements are presented in Pound sterling (£) which is the functional currency of the company.

The going concern basis assumed that the company will continue in operational existence for the foreseeable future, having adequate funds to meet its obligations as they fall.

After making enquiries and considering the uncertainties described above, the directors have a reasonable expectation that the company will have adequate resources to continue in operation existence for the foreseeable future.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

Fund accounting

Restricted funds

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Unrestricted free reserves

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity ad which have not been designated for other purposes.

Unrestricted designated funds

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for the specific purpose of maintaining a reserve fund in line with the organisation's reserves policy.

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

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Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity’s artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 10.

Debtors and creditors receivable in one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Pension Costs

The Charity operated a defined contribution pension scheme for employees. The assets of the scheme are held separately to those of the charity. Annual contributions payable to the pension scheme are charged in the period which they relate.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Short leasehold property - 10% Straight line Fixtures, fittings and equipment - 25% Straight line

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation

No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

The charity is an exempt charity and is considered to pass the tests out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

14

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

continued

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

3. MATERIAL UNCERTAINTIES AND SIGNIFICANT JUDGEMENTS

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects that period. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are described below.

(i) Going concern assumption

The directors have made enquiries and considered the uncertainties but have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future.

4. NET INCOME Net Income is stated after charging/(crediting): Depreciation of tangible assets Auditor's remuneration: - audit services ═ 5. INVESTMENT AND OTHER INCOME Bank interest ═ 6. INCOME FROM CHARITABLE ACTIVITIES Belfast City Council Belfast Trust QUB NIHE PHA NICHI	2025 2024 £ £ 2,999 1,294 3,100 2,910 ══════ ═══════ 2025 2024 £ £ 172 162 ══════ ═══════ 2025 £ 81,294 61,805 14,488 26,000 192,768 2,027 378,382 ═══════ 2024 £ 81,294 57,662 4,800 26,000 188,116 1,886 359,758 ═══════

15

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

continued

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

7.	EXPENDITURE ON CHARITABLE ACTIVITIES
		Activities	Support	Total
		undertaken	Costs
		directly	(Note 8)
		2025	2025	2025
		£	£	£
	Advance education relating to the benefits of good health	67,551	288,451	356,001
		─────	─────	─────
		67,551	288,451	356,001
		═════	═════	═════
	BREAKDOWN OF ACTIVITIES UNDERTAKEN DIRECTLY
			2025	2024
	Advance education relating to the benefits of good health		£	£
	Programme Costs: Communication Strategy		9,237	24,094
	Programme Costs: Health Literacy Programme		-	-
	Programme Costs: World Health Organisation		8,686	15,477
	Programme Costs: Increasing Knowledge		4,896	6,517
	Programme Costs: Promoting Healthy Transport		8,657	1,724
	Programme Costs: Greening the City		22,856	12,056
	Programme Costs: Increasing Knowledge & Cap B Health Profile		13,219	8,239
			67,551	68,107
		═════		═════
8.	ALLOCATION OF SUPPORT COSTS
			Total	Total
			2025	2024
			£	£
	Charitable activities
	Wages and salaries	203,391		198,567
	Staff Training		4,633	3,166
	Advisory costs		8,045	26,941
	Rent		15,894	15,894
	Insurance		1,745	2,826
	Light and heat		6,455	(3,840)
	Repairs and maintenance		2,872	3,047
	Printing, postage and stationery		344	839
	Advertising		371	9,436
	Telephone		8,267	5,981
	Computer costs		6,642	5,973
	Travelling and subsistence		572	785
	Legal and professional		17,201	9,748
	Bank charges		247	185
	General expenses		682	639
	Subscriptions		3,022	2,695
	Depreciation on fixtures, fittings and equipment		2,999	1,294
	Governance costs (Note 9)		5,068	4,252
		288,451		288,428
		═══════		═══════

Support Costs are allocated on a proportion of charitable activity costs.

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Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

continued

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

9. GOVERNANCE COSTS

Accountancy Auditor’s remuneration	2025 £ 1,968 ____3,100 5,068 ═══════ 2024 £ 1,342 2,910 4,252 ═══════

10. EMPLOYEES AND REMUNERATION

The average number of persons employed (including executive directors) during the financial year was as follows

	2025	2024
	Number	Number
Employees	6	6
	═══════	═══════
The staff costs comprise:	2025	2024
	£	£
Wages and salaries	162,318	164,688
Social security costs	15,743	12,193
Pension costs	25,330	21,686
	───────	───────
	203,391	198,567
	═══════	═══════

17

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

continued

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

11. TANGIBLE FIXED ASSETS

11.	TANGIBLE FIXED ASSETS
		Short	Fixtures,	Total
		leasehold	fittings and
		property	equipment
		£	£	£
	Cost
	At 1 April 2024	3,870	91,688	95,558
	Additions	-	10,586	10,586
		───────	───────	───────
	At 31 March 2025	3,870	102,274	106,144
		───────	───────	───────
	Depreciation
	At 1 April 2024	3,870	85,089	88,959
	Charge for the financial year	-	2,999	2,999
		───────	───────	───────
	At 31 March 2025	3,870	88,088	91,958
		───────	───────	───────
	Net book value
	At 31 March 2025	-	14,186	14,186
		═══════	═══════	═══════
	At 31 March 2024	-	6,599	6,599
		═══════	═══════	═══════
12.	DEBTORS		2025	2024
			£	£
	Other Debtors		1,225	-
	Prepayments and accrued income		25,488	31,456
			───────	───────
			26,713	31,456
			═══════	═══════
13.	CREDITORS		2025	2024
	Amounts falling due within one year		£	£
	Trade creditors		69,592	16,948
	Taxation and social security costs		-	-
	Other creditors		3,405	1,336
	Accruals and deferred income		49,148	4,354
			───────	───────
			122,145	22,638
			═══════	═══════

18

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

continued

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

14. RESERVES

						2025	2024
						£	£
	At the beginning of the year					287,548	284,163
	(Deficit)/Surplus for the financial year					22,553	3,385
						───────	───────
	At the end of the year					310,101	287,548
						═══════	═══════
15.	FUNDS
15.1	RECONCILIATION OF MOVEMENT IN FUNDS					Unrestricted	Total
						Funds	Funds
						£	£
	At 1 April 2023					284,163	284,163
	Movement during the financial year					3,385	3,385
						───────	───────
	At 31 March 2024					287,548	287,548
	Movement during the financial year					22,553	22,553
						───────	───────
	At 31 March 2025					310,101	310,101
						═══════	═══════
15.2	ANALYSIS OF MOVEMENTS ON FUNDS
		Balance		Income	Expenditure	Transfers	Balance
		1	April			between	31 March
			2024			funds	2025
			£	£	£	£	£
	Restricted funds
	BCC		-	81,294	(81,294)	-	-
	Belfast Trust		-	61,805	(61,805)	-	-
	PHA		-	192,768	(192,768)	-	-
		───────		───────	───────	───────	───────
	Total funds		-	335,867	(335,867)	-	-
		═══════		═══════	═══════	═══════	═══════
	Unrestricted funds
	Unrestricted	49,626		42,687	(17,878)	(13,070)	61,365
	Designated 1	76,681		-	(2,256)	15,000	89,425
	Designated 2	161,241		-	-	(1,930)	159,311
		───────		───────	───────	───────	───────
	Total funds	287,548		378,554	(356,001)	-	310,101
		═══════		═══════	═══════	═══════	═══════

A transfer of £15,000 was made from unrestricted reserves to Designated Fund 1 to support planned brand refreshment activities.

19

Docusign Envelope ID: 3366C1B6-6E6C-4142-877D-4DD937CBE9E9

continued

Belfast Healthy Cities Project Limited (A company limited by guarantee, not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

15.3 ANALYSIS OF NET ASSETS BY FUND

	Fixed	Current	Current	Total
	Assets	assets	liabilities
	£	£	£	£
Unrestricted designated funds	14,186	418,060	(122,145)	310,101
	───────	───────	───────	───────
	14,186	418,060	(122,145)	310,101
	═══════	═══════	═══════	═══════

16. STATUS

The company is limited by guarantee and as such doesn’t have any share capital. The liability of each member is limited to £1.

17. CASH AND CASH EQUIVALENTS

	2025	2024
	£	£
Cash and bank balances	391,347	272,131
	═══════	═══════

18. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

20