## **Belfast Hills Partnership Trust**
## **Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 March 2023**
|||**Unrestricted**|||**Restricted**|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Funds**|||**Funds**|||**Total**|||**Total**|||
|||**2023**|||**2023**|||**2023**|||**2022**|||
|**Income from:**|**Notes**|**£**|||**£**|||**£**|||**£**|||
|Charitable activities|**3**|178,932|||287,201|||466,133|||410,227|||
|**Total incoming resources**||178,932|||287,201|||466,133|||410,227|||
|**Expenditure on:**||||||||||||||
|Charitable activities|**4**|(184,257|)||(269,149|)||(453,406|)||(416,743|)||
|**Total resources expended**||(184,257|)||(269,149|)||(453,406|)||(416,743|)||
|**Transfer between reserves**||-|||-|||-|||-|||
|**Net movement on funds**||(5,325|)||18,052|||12,727|||(6,516|)||
|Fund balances brought forward||131,528|||410,350|||541,878|||548,394|||
|**Fund balances carried forward**||126,203|||428,402|||554,605|||541,878|||
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
**The notes on pages 15 to 29 form an integral part of these financial statements.**
**Page 12**
## **Belfast Hills Partnership Trust**
## **Balance sheet as at 31 March 2023**
|**Notes**
**Fixed assets**
Tangible assets
**7**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
**10**
**Net current assets**
**Net assets**
**Capital and reserves**
Restricted funds
**11**
Unrestricted funds
**12**
**Total funds**|**2023**
**£**
103,550
472,098
575,648
)
(27,654|**£**
6,611
547,994
554,605
428,402
126,203
554,605|**2022**
**£**
48,203
512,279
560,482
)
(20,330|**£**
1,726
540,152|
|---|---|---|---|---|
|||||541,878|
|||||410,350
131,528|
|||||541,878|
**The notes on pages 15 to 29 form an integral part of these financial statements.**
**Page 13**
## **Belfast Hills Partnership Trust**
## **Balance sheet (continued)**
## **for the year ended 31 March 2023**
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
(a) The Trustees have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
(b) The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the Trustees on and signed on its behalf by
**Trustee Trustee**
**Registration number NI053189**
**The notes on pages 15 to 29 form an integral part of these financial statements.**
**Page 14**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
## **1. Accounting policies**
## **Company information**
Belfast Hills Partnership Trust is a Company limited by guarantee, registered in Northern Ireland. The address of the registered office is 9 Social Economy Village, Hannahstown Hill, Belfast, BT17 0XS.
## **1.1. Accounting convention**
The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2. Going concern**
At the time of approving the financial statements, 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 concern 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 unless the funds have been designated for other purposes.
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.
**Page 15**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
## **1.4. Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donated assets are included in the Balance Sheet at their current value at the date of the gift and also included in the Statement of Financial Activities as an incoming resource.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Income from government and other grants, whether capital or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
## **1.5. Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to either charitable activities or governance.
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources. The allocation is based on the apportionment of wages and salaries between administration costs and production costs.
## **1.6. Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings - and equipment 20% reducing balance Motor vehicles - 33.33% reducing balance
**Page 16**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
At each reporting period end date, the Company reviews the carrying amounts of its 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 extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
## **1.7. Cash at bank and in hand**
Cash and cash equivalents include cash in hand and deposits held at call with banks.
**Page 17**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
**for the year ended 31 March 2023**
.................... continued
## **1.8. Financial Instruments**
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments and Section 12 ‘Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently 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.
## **Classification of financial liabilities**
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
## **Basic financial liabilities**
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently 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 business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
**Page 18**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
**for the year ended 31 March 2023**
.................... continued
## **1.9. Equity instruments**
## **Income recognition**
Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
## **1.10. Provisions**
Provisions are recognised when the Company has a legal or constructive present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision in measured at present value the unwinding of the discount is recognised as a finance cost in profit and loss in the period it arises.
## **1.11. Employee benefits**
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There were no critical accounting estimates or judgements made by the Trustees.
**Page 19**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
## **2. Employees**
|**Number of employees**|**2023**||**2022**|
|---|---|---|---|
|The average monthly numbers of employees during the year was||||
|Administration|12||11|
|**Employment costs**|**2023**||**2022**|
||**£**||**£**|
|Wages, social security and pension costs|302,917||258,164|
There were no employees earning over £60,000 in the two years ended 31 March 2023.
**Page 20**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements for the year ended 31 March 2023**
.................... continued
|**3.**
**Belfast Hills Landscape Our Bright Wildfire Woodland**
**Partnership Partnership**
**Future**
**Conference Project**
**Project**
**Scheme**
**£**
**£**
**£**
**£**
**£**
**Charitable activities**
Performance
related grants
143,694
15,011
-
-
50,000
Other income
35,238
788
-
-
20
178,932
15,799
-
-
50,020
Analysis by fund
Unrestricted funds
178,932
-
-
-
-
Restricted funds
-
15,799
-
-
50,020
178,932
15,799
-
-
50,020
**For the year ended 31 March 2022**
Unrestricted funds
139,733
-
-
-
-
Restricted funds
-
30,405
124,524
10,505
41,461
139,733
30,405
124,524
10,505
41,461|**Wild**
**Youth**
**£**
137,220
-
137,220
-
137,220
137,220
-
63,599
63,599|**Cresi**
**Habitat**
**Million**
**Total**
**Fund**
**Project**
**Trees**
**2023**
**£**
**£**
**£**
**£**
50,000
25,162
9,000
430,087
-
-
-
36,046
50,000
25,162
9,000
466,133
-
-
-
178,932
50,000
25,162
9,000
287,201
50,000
25,162
9,000
466,133|**Total**
**2022**
**£**
390,073
20,154|
|---|---|---|---|
||||410,227|
||||139,733
270,494|
||||410,227|
**Page 21**
## **Belfast Hills Partnership Trust**
**Notes to the financial statements for the year ended 31 March 2023**
.................... continued
## **Performance related grants**
|**Belfast Hills Landscape Our Bright Wildfire Woodland**
**Partnership Partnership**
**Future**
**Conference Project**
**Project**
**Scheme**
**£**
**£**
**£**
**£**
**£**
NIEA
71,813
-
-
-
-
NL Heritage Fund
-
-
-
-
-
NL Community Fund
-
-
-
-
-
Antrim BC
11,865
2,778
-
-
-
Belfast CC
28,720
8,180
-
-
-
Lisburn CC
11,918
4,053
-
-
-
BHSCT
16,730
-
-
-
-
Ernest Cook Grant
-
-
-
-
-
Woodland Trust
-
-
-
-
50,000
Contract Income
2,648
-
-
-
-
143,694
15,011
-
-
50,000|**Wild**
**Youth**
**£**
-
-
135,420
-
-
-
-
-
-
1,800
137,220|**Cresi**
**Habitat**
**Million**
**Total**
**Fund**
**Project**
**Trees**
**2023**
**£**
**£**
**£**
**£**
-
25,162
-
96,975
50,000
-
-
50,000
-
-
-
135,420
-
-
-
14,643
-
-
9,000
45,900
-
-
-
15,971
-
-
-
16,730
-
-
-
-
-
-
-
50,000
-
-
-
4,448
50,000
25,162
9,000
430,087|**Total**
**2022**
**£**
72,323
-
186,123
14,643
36,900
15,971
16,000
13,440
31,500
3,173|
|---|---|---|---|
||||390,073|
**Page 22**
## **Belfast Hills Partnership Trust**
**Notes to the financial statements for the year ended 31 March 2023**
.................... continued
|**4.**
**Belfast HillsLandscapeOur Bright Wildfire Woodland**
**Wild**
**Wildfire**
**Cresi**
**Habitat**
**Million**
**Ash**
**PartnershipPartnership**
**Future**
**Conference**
**Project**
**Youth**
**Connection**
**Fund**
**Project**
**Trees**
**Dieback**
**Project**
**Scheme**
**Project**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Charitable activities**
Contract work
4,530
-
-
-
12,756
61,282
-
-
-
-
3,533
4,530
-
-
-
12,756
61,282
-
-
-
-
3,533
Share of
support costs
179,727
45,909
-
-
34,284
62,093
297
20,262
21,954
6,779
-
184,257
45,909
-
-
47,040
123,375
297
20,262
21,954
6,779
3,533
Analysis by fund
Unrestricted
funds
184,257
-
-
-
-
-
-
-
-
-
-
Restricted funds
-
45,909
-
-
47,040
123,375
297
20,262
21,954
6,779
3,533
184,257
45,909
-
-
47,040
123,375
297
20,262
21,954
6,779
3,533|**Total**
**2023**
**£**
82,101
82,101
371,305
453,406
184,257
269,149
453,406|**Total**
**2022**
**£**
81,152|
|---|---|---|
|||81,152|
|||335,591|
|||416,743|
||||
**Page 23**
## **Belfast Hills Partnership Trust**
**Notes to the financial statements for the year ended 31 March 2023**
.................... continued
## **For the year ended 31 March 2022**
|**Belfast HillsLandscapeOur Bright Wildfire Woodland**
**Wild**
**Wildfire**
**PartnershipPartnership**
**Future**
**Conference**
**Project**
**Youth**
**Connection**
**Project**
**Scheme**
**Project**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
Unrestricted
funds
132,335
-
-
-
-
-
-
Restricted funds
-
40,391
135,325
10,505
41,287
46,202
10,698
132,335
40,391
135,325
10,505
41,287
46,202
10,698|**Total**
**2022**
**£**
132,335
284,408|
|---|---|
||416,743|
**Page 24**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements for the year ended 31 March 2023**
.................... continued
## **5. Support costs**
|**Support costs**
Staff costs
Depreciation
Rent
Insurance
Seminars & events
Postage & stationery
Programme materials
Telephone & internet
IT costs
Travel and subsistence
Van costs
Consultancy costs
Independent examination
Bank fees
Tools & clothing
Subscriptions
Recruitment and volunteer costs
Future development fund project costs
Prior year adjustment|**2023**
**£**
302,919
1,772
27,040
2,701
3,738
1,267
13,443
1,395
4,131
3,486
1,678
880
1,944
510
2,234
1,108
2,394
2,140
)
(3,475
371,305|**2022**
**£**
257,577
611
27,087
2,490
3,197
2,517
13,530
1,363
5,558
3,683
1,562
2,800
2,053
467
3,242
946
1,169
5,739
-|
|---|---|---|
|||335,591|
## **6. Trustees**
None of the trustees ( or any person connected with them) received any remuneration or benefits from the charity during the year.
**Page 25**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
||**Fixtures,**|**Fixtures,**||||
|---|---|---|---|---|---|
|**Tangible fixed assets**|**fittings and**||**Motor**|||
||**equipment**||**vehicles**|**Total**||
|||**£**|**£**||**£**|
|**Cost**||||||
|At 1 April 2022||1,260|13,770||15,030|
|Additions||8,156|-||8,156|
|At 31 March 2023||9,416|13,770||23,186|
|**Depreciation**||||||
|At 1 April 2022||252|13,052||13,304|
|Charge for the year||3,032|239||3,271|
|At 31 March 2023||3,284|13,291||16,575|
|**Net book values**||||||
|At 31 March 2023||6,132|479||6,611|
|At 31 March 2022||1,008|718||1,726|
## **7. Tangible fixed assets**
## **8. Pension costs**
The charity operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company.
|**9.**
**Debtors**
Accrued income
Prepayments|**2023**
**£**
97,553
5,997
103,550|**2022**
**£**
45,839
2,364|
|---|---|---|
|||48,203|
**Page 26**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
|**10.**
**Creditors: amounts falling due**
**within one year**
Deferred Income
Trade creditors and accruals|**2023**
**£**
5,000
22,654
27,654|**2022**
**£**
5,000
15,330|
|---|---|---|
|||20,330|
**Page 27**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
|||**Balance**||||**Balance**|
|---|---|---|---|---|---|---|
|**11.**|**Restricted funds**|**at**|**Incoming**|**Resources**||**at**|
|||**1 April**|**resources**|**expended**||**31 March**|
|||**£**|**£**|**£**||**£**|
||LPS|370,202|15,799|(45,909|)|340,092|
||OBF|3,984|-|-||3,984|
||WCP|4,989|-|(297|)|4,692|
||Woodland Project|10,245|50,020|(47,040|)|13,225|
||Ash Dieback|3,533|-|(3,533|)|-|
||Wild Youth|17,397|137,220|(123,375|)|31,242|
||CRESI Fund|-|50,000|(20,262|)|29,738|
||Habitat Connectivity Project|-|25,162|(21,954|)|3,208|
||Million Trees Project|-|9,000|(6,779|)|2,221|
|||410,350|287,201|269,149||428,402|
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
In addition to project expenditure as detailed above a further sum of £540.00 is included under additions to office equipment as per note 7 (fixed assets). This has been funded by the Department for Communities Heritage Fund.
In addition to project expenditure as detailed above a further sum of £828 is included under additions to office equipment as per note 7 (fixed assets). This has been funded through the Challenge Fund (NIEA).
In addition to the above project expenditure a sum of £643.50 was paid in advance for computer equipment delivered after the year end included in note 9 under prepayments. This has been funded by the National Lottery Community Fund.
In addition to this there was a prepayment in March 23 towards the IT equipment of £2,380.50, as this was not received in the financial period it has been allocated as a prepayment as per note 9 under prepayments. This has been funded through the Challenge Fund
**Page 28**
## **Belfast Hills Partnership Trust**
## **Notes to the financial statements**
## **for the year ended 31 March 2023**
.................... continued
|||**Balance**||||**Balance**|
|---|---|---|---|---|---|---|
|**12.**|**Unrestricted funds**|**at**|**Incoming**|**Resources**||**at**|
|||**1 April 2022**|**resources**|**expended**||**31 March 2023**|
|||**£**|**£**|**£**||**£**|
||Belfast Hills General Fund|115,267|178,932|(182,117|)|112,082|
||Future Development|16,261|-|(2,140|)|14,121|
|||131,528|178,932|(184,257|)|126,203|
It was decided during the year ended 31st March 2020 to set up a designated fund within the unrestricted reserves called the Future Development Fund. The intention is to build this fund for specific future expenditure.
## **13. Related party transactions**
There were no disclosable related party transactions during the year.
**Page 29**