BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2022
Unrestiicted Restricted
fiinds
funds
2022
2022
Total Unrestricted Restricted
funds
funds
2021
2021
Total
2022
2021
Notes
Income and endowments from:
Charitable activities
Other income
14.470
32
720
15,190
32
11.229
6,003
17,232
Total income
14,502
720
15,222
11,235
6.003
17,238
Ex
enditure on..
Charitable activities
16,822
16.822
8,716
8.716
Net lexpenditurellincome for
the yearl
Net movement in funds
12,320)
720
11,600
2,519
6,003
8,522
Fund balances at 1 November
2021
328,198
6.003
334,201
325,679
325,679
Fund balances at 31 October
2022
325,878
6,723
332,601
328,198
6,003
334.201
The statement of financial activities indudes all gains and losses recognised in the year.
All Income and expendrture derive from continuing activities.

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
BALANCE SHEET
AS AT31 OCTOBER 2022
2022
2021
Notes
Fixed assets
Tangible assets
300,000
300,000
Current assets
Debtors
Cash al bank and in hand
4,881
28,626
4,362
30,769
33,507
35,131
Creditors: amounts falling due within
one year
10
19061
1930)
Net currenl assets
32,601
34,201
Totsl a6sets less current liablllties
332,601
334,201
Income funds
Restricted funds
Unrestricted funds
6.723
325,878
6,003
328,198
332,601
334,201
The financial statements were approved by the Trustees on .
i)<LW ?oa7
Trustee

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
Accounting policies
Charity information
Belfast Nalural History & Philosophical Society is a charty registered with the Charity Commission for
Northem Ireland (CCNI)..
1.1 Accounting convention
These accounts have been prepared in accordance with FRS 102 °The Financial Reporting Standard
applicable in the UK and Republic of Ireland. {"FRS 1021 and "Accounting and Reporting by Charities:
Statement of Recommended Practio applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)..
The chartty is a Public Benefrt Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charilies not to prepare a Statement of
Cash Flows.
The financial statemenls are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these finanaal statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concem
At the time of approving the financial ststements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going con￿rn basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
Uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the chartty is legally entitled to it after any perfomance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are re¢ognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions requi￿ deferral of the amount. Income tax recoverable in
relation to donalions received under Gfft Aid or deeds of covenant is recognised at the time of the donation.
1.5 ExpendFture
Expenditure is recognised once there is a legal or constructNe obligation to transfer economic benefit to
third paty, it is probable that a transfer of economic beneffts will be required in settlement, and the amount of
the obligation Gan be measured reliably.

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Accounting policies
{Continued)
1.6 Tangible fixed assets
Tangible fixed assets are inilially measured at cost and subsequently measured at C05t or valuation, net of
depreciation and any impairment losses.
Tangible fixed assets in¢lude a property which is considered a herilage asset. It is the Charity's policy lo
maintain the property in a slate of good repair, therefore no depreciation is necessary. The Trustees consider
that the value Stated in the accounls reflects the fair value of the buildin9 as al 3151 October 2021.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr
useful lives on the following bases..
Freehold land and buildings
Computer equipment
Alarm system
250A straight line
25.10 straight line
The gain or loss arising on the disposal of an asset is determined as the differen￿ be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairn)ent of fixed assets
Al each reporting end date, Ihe charity reviews the carrying amounts of tts tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extenl of Ihe impairmenl
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call wilh banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnanclal instruments
The Gharily ha5 elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 10210 all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contraclual provisions of the inslrument.
Financial assets and liabililies are offset, with the net amounts presenled in the financial statements, when
there is a legally enforceable right lo sel off the recognised amounls and there is an intention lo settle on a net
basis or to realise the asset and settle the liabiltty simultsneousty.
Basic flnancial assets
Basic financial assets. which indude debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are 5ubsequenUy carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, induding creditors and bank loans are initialty recognised at transaction price unless
the arrangement conslitutes a financing transaction. where the debt in51rument is measured at the presenl
value of the future payments discounted at a market rate of intèrest. Finanryal liabilities dassified as payable
within one year are not amortised.
Debt instruments are subsequendy carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as ￿￿ent liabilities if payment is due within one
year or less. If not, they are presenled as nofvcurrent liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effe￿1ve interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the chariVs contractual obligations expire or a￿ discharged or
cancelled.
Critical accounting estimates and judgements
In the application of the charity's accounting policies. the truslees are required to make judgements, estimates
and assumpiions about the carrying amount of assels and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien¢e and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions a￿ reviewed on an ongoing basis. Revisions to a¢￿untIng
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both ciirrent and future
periods.

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Charltable activities
Unrestricted
Income
Restricted
Income
Totsl Unrestricted
2022
Income
2021
Restricted
In¢omfr
2021
Total
2021
2022
2022
Book funding
Grave resloratlDns
Bicentenary dinner
Members, subscription
and donations
Rent
Map sales
3,203
2,800
3,203
2.800
720
720
4,540
4,540
2.680
7,200
50
2,680
7,200
50
2.374
7,950
905
2,374
7,950
905
14,470
720
15,190
11,229
6,003
17,232
Analysis by fund
Unrestricted funds
Restricted funds
14,470
14,470
720
11,229
11,229
6,003
720
8,003
14,470
720
15,190
11.229
6,003
17,232
Other income
Unrestricted Unreslricled
fund$
funds
2022
2021
Bank interest ￿ceIVed
32
10-

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Charitable activlties
Unrestricted Unrestricted
expenditure expenditure
2022
2021
Repairs and maintenance
Insurance
Rates and water
Printing and stationery
Lecture fees and expense5
Independent examination fee
Ground rent
Membership fees
General expenses
Event expenses
6,459
3.437
473
401
350
780
1.727
2,558
1.388
602
634
900
24
681
202
1122)
5,018
16,822
8,716
16,822
8,716
Trustees
None of the trustees (or any persons connected with them) recerved any remuneration or benefrts from the
charity during the year.
Employees
There were no employees.
Tangible fixed assets
Freehold land
and buildings
CompLrter Alarni system
•quipment
Totsi
Cost
At 1 November 2021
300,000
2,350
1,832
304,182
At 31 October 2022
300,000
2.350
1,832
304,182
Depreciation and impainnent
At 1 November 2021
2,350
1,832
4,182
At 31 October 2022
2,350
1.832
4,182
Carrying amount
At 31 October 2022
300,000
300,000
At 31 October 2021
300,000
300,000
11

BELFAST NATURAL HISTORY & PHILOSOPHICAL SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Dèbtors
2022
2021
Amounts falllng due within one year:
Trade debtors
Other debtors
1.217
3,664
350
4,012
4.881
4,362
10 Creditors: amounts falling due within one year
2022
2021
Trade credrtors
Accruals and deferred income
126
780
930
906
930
11 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
Total Unrestrlcted Restricted
funds
funds
Total
2022
2022
2022
2021
2021
2021
Fund balances at 31
October 2022 are
represented by..
Tangible assets
Current asselsllliabilitiesl
300,000
25,878
300,000
32,601
300,000
28.198
300.000
34.201
6,723
6,003
32S,878
6,723
332,601
328.198
6,003
334,201
12 Related paty transactions
There were no disclosable related party transactions during the year (2021 none).
12-