Company Registration Number N1055693
Charity Registration Number NIC101271
Belfast Central Mission
(A company limited by guarantee)
Annual Report and Financial Statements
for the year ended 31 December 2022

Belfast Central Mission
(A compan). limited by guarantee)
Annual report and financial statements
for the j'ear ended 31 December 2022
Contents
Page
Truslees, annual report {incorporating the strategic report}
Independenl auditor's report
15
statement of financial activities (incorporating the income and expenditure
account)
18
Balance sheet
19
Slatament of Cash Flows
20
Notes to the financial statements
21

Belfast Central Mission
(A compan)" limited by guarantee)
Statement of Financial ActiN'ities
(incorporating the incon]e and expenditure account) for the year ended 31
December 2022
Note
Unrestricted
funds
Restricted
funds
Total funds
2022
Total funds
2021
Income from-.
Donations and legacies
Charitable activitie5
Other trading activities
Inveslmenls
Other
Total income
206,461
4,162,823
37,024
14,402
2,229
4.422.939
489
2,995,928
206,950
7,158.751
37,024
14,402
2.379
7,419,506
360.187
5,597,777
31,341
8,937
37.558
6.035,800
150
2,996,567
Expenditure on:
Raising funds
Charitable activities
Total oxpenditure
191,2131
(3,971,627) (3,146,738)
(4,062,840) {3,146,738)
(91,213
17,118,365)
17,209.578}
(75.194)
(5.887,038)
15,962,232)
9,10
Net lexpenditurellincome beforè galns on
Investments
360,099
1150,1711
209.928
73,568
Net {108888llgalns on investments
186,1531
186,153)
102.061
Net income before transfers
12
273,946
1150,171 }
123,775
175,629
Transfer between funds
16
126,074)
26,074
Net movement in funds
247,872
1124,0971
123,775
175,629
Reconciliation of funds
Total funds brought forward
Total funds carried fotward
7,072,868
7,320,740
379,791
255,694
7,452,659
7,576,434
7.277,030
7,452,659
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of comprehensive
income has not been prepared,
The Statement of Financial Activities lincorporaling the income and expenditure account) Is Included in note 5 to the
financial statements for the prior year ended 31 Decèmber 2021.
The note5 on pages 2110 33 fomi part of these financial statements
18

Belfast Central Mission
(A company limited by guarantee)
Balance sheet as at 31 December 2022
Note
2022
2021
Fixed assets
Tangible assets
Fixed asset investments
17
18
5,937,326
682,070
6 619.396
6,140,671
768,223
6 908,894
Current assets
Debtors
Cash at bank and in hand
19
671,331
1.054,962
1,726,293
192,198
2,666,534
2,858,732
Liabilities
Creditors". amounls fallin
Net current assets
Total assets less current Ilabilities
Creditors.. amounts falling due after rnore than one year
Net assets
due within one
ear
20
769 255
957,038
7,576,434
2.314 967
543,765
7.452,659
7,576,434
7,452,659
The funds of the charltabl8 company
Restricted incorne funds
Unrestricted income funds
Total funds
22
23
255,894
7.320,740
7,576,434
379,791
7,072.868
7.452,659
These financial statements were approved by the Trustees Bnd aulhorised for issue on 28 September 2023 and are signed
on their b8half by..
Mr R Black (Chairperson)
Dr D Gallagher (Hon Secretary)
Company Registration Number.. N1055893
The notes on pages 21 to 33 form part of these financial statements
19

Belfast Central Mission
(A compan), limited by guarantee)
StAtement of cash flows for the year ended 31 December 2022
Note
2022
2021
Cash flows from operating activities
Net cash
rovided b /
used in
eratin
activities
27
185.389
113.284
Cash flows from Investing activitles
Dividends and interest from investments
Proceeds from disposal of fixed assets
Purchase of fixed assets
Proceeds from disposal of investments
Purchase of investments
Net cash provid8d (used in) /by investing activities
14,402
8,937
109,027
(652,645}
750.000
753 8881
1538,5691
17
120.408)
16,006}
Cash flows from financing activities
Net Gash
n)vided b /
used in
financin
activities
Change in cash and cash equivalents in the reporting period
1191.395)
{425,2851
Cash and cash equivalents at the beginning of Ihe reporting
-period
Cash and cash equivalents at the end of the reportlng
eriod
1246 357
1,671642
28
1054 962
1246.357
The notes on pages 21 to 33 form part of these financial statements
20

Belfast Central Mission
(A company limited by guarantee)
Charitable company status
Belfast Central Mission is a charitable ¢x)mpany limited by guarantee, in(a)rporated in Northern Ireland. The registered
Offi￿ is located 21 Grosvenor House. 5 Glengall Street, Belfast, BT12 SAD.
Accounting policies
Basls of preparatlon
The financial slatements have been prepared in accordance with the Charities Act {Northern Ireland) 2008. the
Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 8nd the
Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charitl8s preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2015) - (Charities SORP (FRS 102)).
BCM meets the definition of a public benefrt entity under FRS 102. Assets and li8bilities are initially recognised at historical
cost or transaction value unless otherwise staled in the relevant accounting policy note. The financial statements are
presented in GBP Sterling, which is also the functional currency of the charitable company.
Tangible fixed assets
The cost of tangible fixed assets is their purchase cost, logeth8r with any incidental costs of a￿ulsitIon. Depr8ciation Is
calculated so as to write off the cost of tangible fixed assets, less their estimated residual values. on a slraight-line basis
over the expected us8ful economic lives of the assets concerned. The principal 8nnual rates used are as follows:
Propety
0-2.5
Fixtures and fittings
10&20
Office equipment
Motor vehicles
10, 25 & 33e/.
25
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not
more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from th8
date of aGquisilion and that are readily convertible to known amounts of cash with insignificant risk of change in value.
In the Statement of cash flows, cash and cash equivalents ar8 shown nel ofbank overdrafts that are repayabl8 on demand
and form an integral part of the ¢harity's cash management.
Income
Don8tionB and legacles that ar8 of a general nature are re￿gnISed where there is evidence of entitlement, receipt is
probable, and th8 amount can be measured with 6ufficient reliability. Gifts in kind are valued al a reasonable estimate of
their value to Ihe charity. Gifts donated for resale are included as incom8 when they are sold. No amounts are indud8d
in the financial st8tem8nts for s8rvices donated by volunteers.
Incoming resources from grants where related to performance and specific deliverables are accounted for as the charity
earns the right lo consideration by ils perfo￿an￿. Income received relating to future periods is included within deferred
income.
All income received arose in the UK.
Expenditur8
All expenditure is ac¢ounted for on an accruals basis and has been cl8ssifi8d under headings that aggregate all costs
related to the category.
21

Belfast Central Mission
(.4 company limited by guarantee)
Accounting policies (continued)
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its
beneficiarfjes. It includes both costs that can be allocated directly to such activities and those cosls of ar) indirect nature
necessary to support them.
Total expenditure includes the allocation of support costs. Support costs are those functions Ih8t assist the work of Ihe
charity but do not directly undertake charitable activities_ They include back office costs, finance. personnel. payroll and
governance costs which support the charitable company's activities. Support costs have been allocated to activities on a
basis consislent with the use of resources (e.g. time spent, number of slaff. estimated usage).
Irrecoverable VAT
Any irrecoverable VAT is charged to Ihe statement of financial activities, or capitalised as part of Ihe c05t of the related
asset. vjhere appropriate.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the d8le of the transaction.
Recognition of liabilities
Liabilities are recognised when an obligation arises to transfer economic benefits as a result of p8sI transactions or events.
Fund accounting
Geneial funds are unrestricted funds which are available for us8 al the di5¢rètion of the Trustees in furtherance of the
general obieclives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted fur)ds Ihal have been set aside by the Tru5tèas for particular purposes. The aim
and use of each designated fund is set out in Ihe notes to the financial slalements.
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.
Investment income and gains are allocated to the appropriate fund
Pension costs
The charity operates a definéd contribution pension scheme. The assets ol the scheme are held separately from those of
the charitable company in an ind8P8ndently managed fund. Contributions are charged to the statement of financial
activities in the period to which they relate.
Investments
Investments are staled in the balance sheet al mafkel value as at the balance sheet dale. The statement of financial
activities includes the nel gains or losses arising on revaluation and disposal throughout the year.
Debtors
Short term debtors are measured at transaction price: less provisions for bad debt.
Creditors
Creditors are recognised where the charitable company has a present obligation resulting from a past event that will
probably resull in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors are nomally recognised at tlitsir settlement amount.
Operating lease agreements
Rentals applicable to operatin9 leases where substantially all of Ihe benefits and risks of ownership remain with the lessor
are charged against net incoming resources on a straight line basis over Ihe period of the lease.
22

Belfast Central Mission
(A company limited by guarantee)
Accounting policies (continued)
Financial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Golng concem
The directors have assessed that Belfast Central Mission has adequate resources to meet the ongoing Gosts of the entity
for a minimum of 12 months from the dale of signing the finanGial statements. For this reason, the financial statements
have been prepared on a going concern basis which presumes th8 realisation of assets and liabilitl8s in the nom81 course
of busin8SS.
Significant judgements and estimates
In the Trustees, opinions, there are no significant judgements, estimates and assumptions made 8bout thè recognition of
assets, liabilities, Income and expenses other than those outlined in Ihe accounting policies above.
Taxation
The charity is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading
activitles carried on in furtherance of the charitys primary obj8clive$.
The charity has partial exemption from VAT and expendrture Is recorded 8¢cordingly.
ststement of Financlal Activities (incorporating the income and expendlture account)
for the year ended 31 December 2021
Unrestricted
funds
Restricted
funds
Total funds
2021
Income from:
Donations and legaciès
Charitsble activities
Other tr8ding acllvltles
Investm8nts
Other
Total Income
169,374
2,522,057
31,341
8.937
34,245
2,765,954
190,813
3,075,720
360,187
5.597,777
31.341
8,937
37,558
6.035.800
3,313
3,289,846
Expenditure on:
Raising funds
Charitable activities
Total expenditure
(75,1941
{2,750.700)
(2,825,894>
(75,194>
{5,887.038)
(5,962,232)
(3,136,338}
{3,136,338)
Net gains on investments
(59,940)
102.061
133,508
73,568
102.061
Net Income before transfers
42,121
133,508
175,629
Transfer between funds
133,511
{133,511)
Net movement in funds
175,632
(3}
175,629
Reconclllation of funds
Total tunds brought forward
TotAI fun(ts &?rried forward
6.897.236
7,072,868
379,794
379,791
7.277.030
7.452.659
23

Belfast Central Mission
(A compani, limited b): guarantee)
Income from donations and legacies
Unrestricted
funds
Restricted
funds
Totsl funds
2022 £
Total funds
2021
Donations
68,622
35,700
489
69,111
35,700
102,139
179,965
49,614
Appeals
Legacies
102.139
130,608
206,461
489
206,950
360.187
Income from charitsble activities
Unrestricted
funds
Restricted
fund5
Total fund5
2022
Total funds
2021
Charitable trusts
63,156
63,156
2,648,885
3,404,546
178,236
18,694
13,812
54,298
Housing Executive
R8sidential rents
581,270
2,655,649
128,262
18,694
10,470
705,322
4,162,823
2,067,615
1,935.906
2.644.840
748,897
Health & Social Care Trusts
49,974
333.423
Congregational
Training
Other sources
29,764
9.720
3,342
126,100
2,995.928
831,422
7,158,751
589,826
5,597,777
Income from investments
Unrestrioted
funds
Total funds
2022
Total fijnds
2021
Dividends
9.762
9,762
4,667
4,270
8.937
Bank inleresl
4,640
14,402
4,640
Resources expended on charitsble activities by activity type
Staff costs
Other costs
Depreciation
Total funds
2022
Total funds
2021
Operating expenses
Financing expenses
Society expenses
5,471,240
1.337,600
29,196
6,159
1,372,9S5
223,554
7,032,394
29,196
56,775
5.808,115
26,852
50.616
52.071
5,521.856
223,554
7,118,365
5.887.038
24

Belfast Central Mission
(A company limited by guarantee)
10
Resources expended on charitable activities by fund type
Restricted
funds
Unrestricted
funds
Total funds
2022
Total lunds
2021
Operating expenses
Financing expens8S
Society expens8s
3,890,562
24,290
56,775
3,971,627
3,141,832
4,906
7,032.394
29,196
56,775
5,808.115
26.852
52,071
5,887.038
3,146,738
7,118,365
11
Financing costs
Unrestricted
funds
Restricted
funds
Total funds
2022
Total funds
2021
Interest payable and similar charges
On bank overdrafts
24,290
4.906
29,196
26.852
12
Net income before transfers
2022
2021
This is staled after charging..
Staff pension contributions
Depreciation - charg8 for year
(Profit)Iloss on disposal of fixed assets
Auditors, fee8
191,906
223,754
160,712
184,137
(108,150)
Audit work
6,137
Non-audit services
5,688
13
Analysis of staff costs, Trustee remuneration and expenses, and the cost of key
management personnèl
2022
2021
Stsff costs
Wages and salaries
Social securlty costs
Pension costs
4,596,634
3,940,412
320,566
402,063
191.906
5,190,603
160,712
4,421,690
25

Belfast Central Mission
(A eompany limited b)" guarantee)
13
Analysis of staff costs, Trustee remuneration and expenses, and the cost of key
management personnel (continued)
Trustee remuneration and benefits amounted lo £62.178 (2021.. £64.5011 for the year: being rernuneration of £54.041
12021.. £51.9061. other benefits of £69 12021.. £4,726 ) and pension contributions of £8,068 {2021'. £7.868). These
emoluments received by Reverend David Campton were in respect of his capacity as Superintendent of Belfasl Central
Mission and minister of the Grosvenor Hall congregation and not in his capacity a5 Trustee. The Trustee also received
manse accommodalion that is iypical of such roles. No trustee expenses were paid (2021
nil) for the year. No Trustees
received paymenls for the supply of ministerial and organist seNices (2021 nil).
The key management personnel of the chatitable company comprise the Trustees, +he Superintendent. the Chief
Executive. the Deputy Chief Executive, Head of Finance & Business Support, Interim Senior Finance Manager, Head of
Community Service￿, He3d of Residential Service5. Head of People & Organisational Deve.lopment and Head of Estates
& Facilities. The total employee benefits ol the key management personnel of the charitable company were £554.505
{2021-. £425.836}. One employee received employee benefits (excluding employer pension costs) for the reporting period
of between £70,000 gnd £79,999 {2021.. One employee between £70.000 and £79.999).
14
Staff numbers
The charitable company report5 that the average head count (number of staff employed) during the reporting period was
251 (2021- 251). These can be analysed by projecl type as follows:
2022
Number
2021
N(Jmber
Social & support projects
Care projecls
Management & central administration
122
131
104
89
25
31
251
251
15
Pensions
The charitable company operates a defined contribution pension scheme in respect of the staff. The scheme and its
assets are held by independent managers. The pension charge represents contributions due from the charitable company
and amounted to £191,90612021.. £160,712) ofwhich £28.929(2021.. £26,077) was outstanding at year end.
26

Belfast Central Mission
(A company limited by guarantee)
16
Transfers between funds
2022
2021
Unrestricted income funds
General funds
From Restricted income funds
(ro)lfrom Designated funds
{26,074}
133,511
{51,6621
81,849
(26,074)
Desi
nated funds
Froml(to) General funds
From Restricted income funds
51,662
Movement in Unrestricted income funds
133 511
R88tricted Income funds
(ro) General funds
Movement In Re8trl¢ted Income fund8
26,074
26,074
(133,511)
(133.511)
The net transfer of1£26,074) from unrestricted income reserves to restricted income rese￿eS is
made up of..
Transfers of1£131 ,651) from unrestricted to restricted reserves in respect of net financial
deficits in supported housing projects. and
Transfers of £105,577 from restricted to unrestricted reserves for projects where a funding
restriction no longer applies.
27

Belfast Central Mission
(A compani. limited b!: guarantee)
17
Tangible fixed assets
Long
leasehold
property
Freehold
property
Fixtures
and fittings
Office
equipment
Motor
vehicles
Total
Cost
Al 1 January 2022
Additions
8,748,149
75.000
801,875
16.800
394,718
11,912
8.031,654
20,4CI8
3,608
Disposals
At 31 December 2022
6,748.149
818,675
398,326
11.912
8.052,062
Depreciation
Al 1 Janu8ry 2022
Charge for year
On disposals
1,058.316
140,722
508,551
313,556
10.560
1.890,983
223, 754
44,415
37.265
1.352
At 31 De¢ember 2022
1,199,038
552,966
350,821
11,912
2,114,736
Net Book Value
At 31 Decembèr 2022
5,549,111
75,000
265,710
47,504
5,937,326
At 31 December 2021
5,689,833
75,000
293,324
81.182
1,352
6,140.671
28

Belfast Central Mission
(A company limited by guarantee)
18
Fixed asset investments
Securities
2022
2021
Movement in market value
Market value at 1 January 2022
Additions in year
Disposals in year
Net g8insl(losses) on revaluations in the year.
- own investments
768,223
768,223
665.657
(84,049)
{2.104}
682,070
{84,0491
{2,1041
882,070
102,061
505
investrnents held on behalf of other churches
Marketvalue at 31 December 2022
768.223
Historl¢al cost
233,910
233,910
233,910
Analy8ed by
Unlisted securities
682,070
682,070
682,070
682,070
768,223
768,223
Analysls of Investments at 31 December 2022 between funds
Unrestrlcted
funds
2022
Restricted
funds
2022
Total
Funds
2022
Total
Funds
2021
Sècurities
680,327
680,327
1.743
682,070
682,070
768,223
1,743
768,223
All investmen15 are UK investments,
19
Debtors
2022
2021
Amounts fallin
Trade debtors
due within one
ear
84.645
51,985
4,283
135,746
Other debtors
4,422
581,531
733
Prepayments and 8ccrued income
Amounts due from related party
671,331
192.198
An impaiment loss of £14,208 (2021: £5.003) was recognised against tr8de debtors.
29

Belfast Central Mission
(-4 company limited by guarantee)
20
Creditors: amounts falling due within one year
2022
2021
Bank overdraft
1.420,4 77
194546
Trade Creditors
204,808
85,491
210,059
268,897
769,255
Taxation and social security cosls
Other creditors
81,983
141,531
476,730
2,314.967
Accruals and deferred income
Accruals and deferred income include deferred grants amounting lo £183,960 (2021.. £219.103).
21
Commitments under operating leases
At 31 December 2022 th8 charitable company had fulur8 minimuTr. lease payments under non-cancellable operaling
leases as follows..
2022
2021
Not later than 1 year
Later than 1 year and not later than 5 years
30

Belfast Central Mission
(A company limited by guarantee)
22
Restricted income funds
Transfers.
Investment
gainsl(losses)
Balance at
1 Jan 2022
Incoming
resources
Resources
expended
Balance at
31 Dec 2022
Quayside
88,816
188,816}
Supported Housing Projects
(21,627)
1,640,203
(1,810,661)
170,458
{21,627)
Kirk House - SNMA
(68,508)
(68,508)
Communty SeNi¢es
10,903
(10.903)
Floating Support for Young
People Dungannon
72,047
330,617
{312,459)
118,158)
72,047
Floating Support for Young People
Ards
43,043
228,320
(223.058>
{5,262)
43,043
Floatlng Support for Older Peop18
Belfast
124.014
474,411
(459.024)
(15,387)
124,014
Floating Support for Older People
Dungannon
125,245
323,016
(341,536)
106,725
Parent Support, Dungannon
4,891
{4,8911
Christian Faith Projects
967
(967)
379,791
2,996,587
(3,146,738)
26,074
255,694
Within the figures for reslricled funds is funding from Supporting People for eight supported houslng and floating support projects
and our residential home, Kirk House. This fund has mov8d as follows over the year-
Balanc8 at
1 Jan 2022
Tran8f8r8,
Invè8tment
galnsll1088e8)
Incomlng
resour¢e8
Resourceg
axpgnded
Balanca at
31 Dec 2022
Supporting People
274,214
2,996,567
(3,146,738)
131,651
255,694
31

Belfast Central Mission
(A company limited by guarantee)
23
U nrestricted income funds
Balance at
1 Jan 2022
Incoming
resources
Resources
Investment
expended gainsl{losses)
Balance at
31 Dec 2022
Transfers
Designated funds
General funds
97,544
6.975.324
97,544
4.422,939
{4,062.8401
(86,1531
{86,1531
126,074)
(26,074}
7,223,196
7.072,868
4.422.939
{4.062,840)
7,320,740
Designa18d funds represent funds set aside for the coniinued development of our Copelands project (a housing scheme for olde-,
people).
General funds are amounts vihich are available for use at the discretion of the Trustees in furtherance of the general charitable
objectives of the charitable company.
24
Analysis of net assets between funds
Tangible
fixed assets
Net current
assets
Long term
liabilitie8
Investments
Total
Restricted Income funds
255,694
255,694
Unrestricted income funds..
Designated funds
General funds
Total funds
97,544
603.800
957,038
97,544
7,223,196
7,576,434
5,937,326
5,937.326
682,070
682.070
25
Related party transactions
At the period end an amount of £6,184 {2021'. £6,184) is owing lo Belfast Central Mission by BCM Services Limiled against
which a provision of £6:000 has been made. BCM Services Limit8d has a total of three directors: all of whom are also directors
of B&lfast Central Mission.
26
Company limited by guarantee
Every Trustee promises. If the charitable company is dissolved while such person remains a Trustee Of within 12 months
afteNards. to pay up to £1 towards the costs of dissolution and the liabilities incurred by the charitsble company while the
contribulor was a Trustee.
32

Belfast Central Mission
(A company limited by guarantee)
27
Reconciliation of net income to net cash flow from operating activities
2022
2021
Net incornel(expendilure) for the reporting period (as per
the statement of financial aclivilies)
Adjustments for:
Depreciation charges
(Gains)nosses on investments
Dividends and interest from investments
Lossl{profit) on the sale of fixed assets
(Increase)Idecrease in debtors
Increasel
decrease
in creditors
Net cash
rovided b /
used in
123.775
175,629
223,754
86,153
(14,402)
184,137
(102,586)
(8,93n
(108,150)
29.608
1479,1331
125 536
185389
eratin
activities
113284
28
Analysis of cash and cash equivalents
2022
2021
Cash in hand
Notice deposits (less than 3 months)
Overdraft facilit
a able on demand
Totsl cash and ca8h
ulvalentg
12,594
1,042,368
7,507
2,659,027
1420 177
1246 357
1054 962
33