REGISTERED COMPANY NUMBER: N1604474 (Northern Ireland)
REGISTERED CHARITY NUIVIBER: 101347
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2023
for
Belfast Activity Centre
Mccleary & Company Ltd
Chartered Accountants and Registered Auditors
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Amiagh
BT66 8BB

Belfast Activity Centre
Contents of the Financial Statements
for the Year Ended 31 March 2023
Page
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Activities
Balance Sheet
Cash Flow Ststement
12
Notes to the Cash Flow Statement
13 to 14
Notes to the Financial Statements
15 to 24
Detailed Statement of Financial Activities
25 to 26

Belfast Activity Centre
Report of the Trustees
for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2023. The trustees have
adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice
applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
ORIECTIVES AND ACTIVITIES
Objectives and aims
The Objects of the Charity are the advancement of amateur sport and adventrjre learning through outdoor
activities and the advancement of citizenship and Community development for the benefit of the public and in
furtherance of those objects:
to be a personal development charity that aims to engage people from all backgrounds in programmes of
activity that encourage them to reach their full potential and explore their p¢rsonal and social development.
to work mainly through the medium of adventure learning and outdoor activities delivering a range of short
and long tern] programmes and awards. and
to provide an holistic approach to the needs and aspirations of individuals. ensuring safe, inclusive, but
challenging opportunities that are "Changing lives and building futures
Centre Accreditations and Professional Memberships
Gold Standard and Adventure Mark accreditation from the Association of Heads of Outdoor Education
Centres (AHOEC)
Investors in People Silver Award
Institut¢ of Outdoor Learning (IOL) Mernbership
Institute of Outdoor Learning (IOL) Approved Continuing Personal Development (CPD) Provider
Open College Network {OCN) Qualifying and Programme Centre
Learning Outside the Classroom (LOC) Quality Badge
Duke of Edinburgh Award (DOE) Licensed Centre
Duke of Edinburgh Award (DOE) Approved activity provider for Award Expedition Section
National indoor Climbing A ward Scheme (NICAS) Approved Centre for delivery to Level l and Level 2.
ASDAN Education Awardtng Centre
John Muir Award Group Member
British Heart Foundation Affiliated Heart Start Training Provider
HSE Approved Rescue Emergency Care (REC) First Aid Training Provider
Page I

Belfast Activity Centre
Report of the Trustees
for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Revenue Fundraising (Short and Longer term project and programmes)
Demand for short term outdoor adventure activities and longer tenn learning outside the classroom
programmes increased during the 12 months operating period from April 2022 to March 2023. This demand
was driven from the formal schools sector with primary schools reflecting almost 900/0 of the total school
programmes delivered alongside an increased demand from the wider voluntary and community sectors.
Work with the youth and community recognised a retum to pre-covid levels as voluntary and statutory
organisations and leaders emerged from their respective restrictive operations to contract a range of
programmes that addressed issues of rebuilding confidence, peer to peer and social communications, problem
solving. motivation and prolonged physical inactivity under over-arching themes of health and well-being
particularly amongst primary more than post primary aged groups of children.
Grant funded support W&8 generously received from a number of independent and statutory organisations
including=
Department for Communities- BAC Youth Build Programme
Belfast City Council - Support towards Centre operating costs
Department of Justiee- BAC Adventure Investigators Programme
Arnold Clarke Foundation- Duke of Edinburgh Award Scheme
Greystone (IOM) - Youth intervention and diversionary programmes
FINANCIAL REVIEW
Financial
Belfast Actlvlty Centre seeks to comply with Best Practice in managing the finances of the Centre and as
outlined in the Reserves policy should hold adequate reserves to cover up to 6 months full running costs of the
centre.
The charity finances at 31 March 2023 show cash at bank and in hand of £76,467 which includes £0 restricted
funds.
The net current assets at 31 March 2023 were £92,783 with unrestricted reserves of £591,734 equating to
more than 6 months full running costs of the centre.
Risk Policy
Risk Management is a high priority in the work of the centre. Physical Risk is monitored daily due to th¢
nature of outdoor activities. All staff are provided with training in risk management and the Centre has a
Health and Safety Advisory Committee of independent advisors who meet quarterly.
The BAC Board are tasked with the Governance of the Centre. The Board carries out regular management
analysis on all aspects of the C¢ntre's work.
Reserves policy
The Board of Directors l Trustees, of Belfast Activity Centre will endeavour to accumulate reserves which
amount to up to six months full running costs of the centre. The Board believe this to be an acceptable res¢rve
and contingency. If the Charity was fortunate enough to reach this amount of reserve, the Board would table a
discussion &$ to how funds could be expended or invested, in-line with the work of the charity.
Page 2

Belfast Activity Centre
Report of the Trustees
for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and Constitutes a limited company, limited
by guarantee, as defined by the Companies Act 2006.
Organisation and Principal Activity
Based upon the Memorandum and Articles of Association accepted by Companies House, Belfast on 17
September 201 O for the incorporation of Belfast Actlvlty Centre as a Private Company Limited by Guarantee
(Company No. N1604474).
First registered as a charity for tax purposes with HM Revenue and Customs in 1990, Charity Registration
No. XN82053 and reaffmed at 17 September 2010.
Registered as a charity with the Northern Ireland Charity Commissioner, registration on 12 January 2015,
Charity Registration No. MC101347.
BAC would like to take this opportunity to thank all its funders and supporters over the past year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1604474 (Northern Ireland)
Registered Charity number
101347
Registered oifice
Barnett's Stable Yard
Barnett Demesne
Malone Road
Belfast
Co. Antrim
BT9 5PB
Trustees
Mr Thomas Scott Retired Civil Servant
Mr Ian Dougl&8 Consulting Engineer
Mr John Harold Baird Chartered Management Accountant
Ms Sarah Pamela Ballantine Reporter
Ms Clare Maria McNicholl Education Manager
Mr Lewis William Graham Given Business Consultant
Mr Scott Hamilton Retail Store Manag¢r
Auditors
M¢Cleary & Company Ltd
Chartered Accountants and Registered Auditors
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Arniagh
BT66 8BB
Page 3

Belfast Activity Centre
Report of the Trustees
for the Year Ended 31 March 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Belfast Actlvlty Centre for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP.
make judgements and estimates that are re&sonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responslble for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with th¢ Companies Act 2006. They are also responsible for safeguarding the assets of the
charttable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit inforniation and to establish that the auditors are aware of that infonnation.
AUDITORS
The auditors, Mccleary & Company Ltd, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Approved by order of the Board of Trustees on 20 November 2023 and signed on its behalf by:
Mr Thomas Scott- Trustee
Page 4

Report of the Independent Auditors to the Members of
Belfast Activity Centre
Opinion
We have audited the financial statements of Belfast Actlvlty Centre (the 'charitable company,) for the year
ended 31 March 2023 which comprise the Statement of Financial Activities, th¢ Balance Sheet, the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounting policies. The
financial reporting framework that h&$ been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Ktngdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a tru¢ and fair view of th¢ state of the charitable company's affairs a5 at 31 March 2023 and of tts
incoming resources and application of resources, including its income and expenditure. for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
suffIcient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
B&sed on the work we have perforn)ed, we have not identified any material uncertainties relating to events or
Conditions tha¢ individually or collectively, may cast significant doubt on the charttable company's ability to
ontinue as a going concern for a period of at least twelve months from when the financial statem¢nts are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other inforn]ation. The other information comprises the infomRation
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover the other tnfonnation and, except to the extent
otherwise explicitly stated in our report. we do not expre55 any fotm of assurance conclusion thereon.
In connection with our audit of the fInancial statements, our responsibility is to read the other infonnation an(L
in doing so, consider whether the other information is materiaIly inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to det¢rmine whether this gives
rise to a material misStatem¢nt in the fInancial ststements themselves. If. based on the work we have
performed, we conclude that there is a material misstatetnent of this other inforniation, we are required to
report that fact. We have nothing to report in this regard.
Page 5

Report of the Independent Auditors to the Members of
Belfast Activity Centre
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infomiation given in the Report of the Trustees for the financiaI year for which the financial statements
are prepared is consistent with the financial statements. and
the Report of the Trustees has been prepared in accordance with applicable legaI requirements.
Matters on which we are required to report by exeeption
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatetn¢nts in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received
from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the infonnation and explanations we require for our audit. or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in prepartng the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibiliti¢s, the trustees (who are also the directors
of the charitable company for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial ststements that are free from material
misstatement, whether due to fraud or error.
In preparing th¢ financial statements, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, &s applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to c¢as¢
operations, or have no realistic altemative but to do 50.
Page 6

Report of the Independent Auditors to the Members of
Belfast Activity Centre
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable &8surance about whether the financial ststements as a whole are free
from material misstatemenL whether due to fraud or error, and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of &ssurance, 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 Rn the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
f￿anCIal statetnents.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Having considered the nature of the Charity and the sector in which it operates, we identified that the principal
risks of non-compliance with laws and regulations related to breaches of health and safety laws, employment
law and environmental regulations. We considered the extent to which non-compliance might have a material
effect on the financial statements. We also considered those laws and regulations that do not have a direct
impact on the preparation of the financial statements but compliance with which may be fundamental to the
Charity's ability to operate such as the Companies Act 2006.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial
statements (including the risk of override of controls) and detemiined that the principal risks were related to
misstatement of restricted and unrestricted fund balances. Audit procedures perfomied included:
Enquiry of those charged with governance including any known or suspected instances of non-compliance
with laws and regulations, potential litigation and fraud.
Identifying and testing journal entries for appropriateness, evaluating the rationale for significant
transactions outside what is normal for the company and assessing whether the judgments made in making
accounting estimates are indicative of potentia] bias, in order to assess the risk of fraud through management
override of controls-
Analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material
misstatement due to fraud.
Challenging assumptions and judgments made by management in significant accounting estimates.
Reviewing the disclosures in the financial statements against the specific legal requirements.
Substantive testing of Balance Sheet items, together with a high level of individual account analysis.
Detailed analysis of all restricted funds, agreeing postings and cut off.
We communicated relevant identifIed laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations
throughout the audit.
There are inherent limitations in the audit procedures outlined above. We are less likely to become aware of
instances with laws and regulations that are not closely related to events and transactions reflected in the
fman¢ial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk
of not detecting one resulting from error, as fraud may involve deliberate concealment.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. Thts description fornls part of our
Report of the Independent Auditors.
Page 7

Report of the Independent Auditors to the Members of
Belfast Activity Centre
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and for no
other purpose. To the fullest extent pennitted by law, we do not accept or assum¢ responsibility to 8J]yone
other than the charitable company and the charitable company's members &$ a body, for our audit work, for
this report, or for the opinions we have fornied.
John Mccleary (Senior Statutory Auditor)
for and on behalf of Mccleary & Company Ltd
Chartered Accountants and Registered Auditors
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Amiagh
BT66 8BB
20 November 2023
Page 8

Belfast Activity Centre
Statement of Financial Activities
for the Year Ended 31 Mareh 2023
Period
1.1.21
to
31.3.22
Total
funds
Year Ended
31.3.23
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
288,882
215,878
504,760
613,214
Other trading activities
Investment income
Other income
24,928
24,928
14,225
198
198
356
Total
314,008
215,878
529,886
627,801
EXPENDITURE ON
Charitable activities
Direct costs
Support costs
241,266
207,219
167,762
24,641
409,028
231,860
418,751
260,555
Total
448,485
192,403
640,888
679,306
NET INCOMEI{EXPENDITURE)
Transfers between funds
(134,477)
23,475
23,475
(23,475)
(111,002)
(51,505)
18
Net movement in funds
(111,002)
(111,002)
(51,505)
RECONCILIATION OF FUNDS
Total funds brought fonvard
702,736
702,736
754,241
TOTAL FUNDS CARIUED FORWARD
591,734
591,734
702,736
The notes forni part of these financial statements
Page 9

Belfast Aetivity Centre
Balanee Sheet
31 March 2023
31.3.23
Total
funds
31.3.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
12
501,118
501,118
550,568
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
117,177
76,467
42,215
159,392
76,467
169,946
119,357
193,644
42,215
235,859
289,303
CREDITORS
Amounts falling due wlthin one year
14
(100,861)
(42,215) (143,076) (128,468)
NET CURRENT ASSETS
92,783
92,783
160,835
TOTAL ASSETS LESS CURREiYr
LIABILITIES
593,901
593,901
711,403
CREDrroRS
Amounts falling due after more than one year 15
(2,167)
(2,167)
(8,667)
IYET ASSETS
591,734
591,734
702.736
FUNDS
Unrestricted funds
18
591,734
702,736
TOTAL FUNDS
591,734
702,736
The notes fom part of these financial statements
Page 10
continued...

Belfast Activity Centre
Balance Sheet - continued
31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
20 November 2023 and were signed on its behalf by:
Mr Thom '
Scott - Trustee
Mr John Harold Baird - Trustee
The notes forni part of these financial statements
Pagell

Belfast Activity Centre
Cash Flow Statement
for the Year Ended 31 March 2023
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Notes
Cash flows from operating aetivities
Cash generated from operations
Interest element of hire purchase
payments paid
51,911
8,081
(607)
(480)
Net ¢ash provided by operating activities
51.304
7,601
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
(33,872)
(44,650)
Net cash used in investing activities
(33,872)
(44,644)
Cash flows from financing activities
Capital repayments in year
(6,500)
15,167
Net cash (used inyprovided by financing activities
(6,500)
15,167
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
10,932
(21,876)
65,535
87,411
Cash and cash equivalents at the end
of the reporting period
76,467
65,535
The notes fonn part of these financial statements
Pagc 12

Belfast Activity Centre
Notes to the Cash Flow Statement
for the Year Ended 31 March 2023
RECONCILIATION OF NET EXPEIYDrruRE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for..
Depreciation charges
Interest received
Interest element of hire purchase and finance lease rental payments
Decreasel(increase) in debtors
Increase in creditors
(111,002)
(51,505)
83,322
108,239
(6)
480
(67,332)
18,205
607
10,554
68,430
Net cash provided by operations
51,911
8,081
ANALYSIS OF CASH AIYD CASH EQUIVALENTS
31.3.23
31.3.22
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one
year
i li
76,356
122
119,235
(53,822)
Total cash and cash equivalents
76,467
65,535
The notes forni part of thes¢ financial statements
Page 13

Belfast Activity Centre
Notes to the Cash Flow Statement
for the Year Ended 31 March 2023
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22
Cash flow
At31.3.23
Net cash
Cash at bank and in hand
Bank overdraft
119,357
(53,822)
(42.890)
53,822
76,467
65,535
10,932
76,467
Debt
Finance leases
(15,167)
6,500
(8,667)
(15,167)
6,500
(8,667)
Total
50,368
17,432
67,800
The notes forni part of these financial statements
Page 14

Belfast Activity Centre
Notes to the Financial Statements
for the Year Ended 31 March 2023
ACCOUNTING POLICtES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'A¢counting and Reporting by
Charities= Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stand￿d
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fInancial statements
have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon &$ there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expendi￿re is
accounted for on an accruals basis and has been classified under headings that aggregate all cost related
to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rate5 in order to write off each asset over its estimated
useful life.
Tenant improvements, Belfast ALP and
Boathouse
Office, camping and outdoor equipment
Motor vehicles
Computer equipment
at varying rates on cost
330/0 on cost
250/0 on cost
20% on cost
Taxation
The charity is exempt from cory)oration tsx on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of th¢ Charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to th¢ Statement of Financial Activities in the period
to which they relate.
Page 15
continued...

Belfast Activity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Donated goods
Donated goods are recognised as income or assets when the charity has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the use
by the charity of the item is probable and that economic benefit can be me&8ured reliably.
On receipt. donated items are recognised on the basis of the value of the gift to the charity which is the
amount the charity would have been willing to pay to obtain the item on the open market.
DONATIONS AND LEGACIES
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Donations
Grants
Activity income
5,217
215,878
283,665
1,889
302,194
309,131
504,760
613,214
Included in Donations is £5,000.00. This is the value placed on a minivan donated to the Charity in the
ycar.
Grants received, included in the above, are as follows:
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Other Grants
Belfast Regeneration Office - Youthbuild
Belfast City Council
Department of Justice
Department for Communities
NIO New Beginnings
ARN
HMRC
Department of Finance
Ulster Community foundation
N I Tourist Board
Greystone (IOM) Limited
Arnold Clark Community Fund
147
123,710
21,250
11,800
9,500
25,390
22,300
35,818
10,000
20,279
22,000
132.403
13.000
6,000
23,475
40.000
1,000
215,878
302,194
Pag¢ 16
continued...

Belfast Activity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
OTHER TRADING ACTIVITIES
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Abseil Income
Rathlin Run
24,928
14,110
115
24,928
14,225
INVESTMENT INCOME
Period
1.1.21
Year Ended
31.3.23
31.3.22
Deposit account interest
OTHER INCOME
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Other income
198
356
CHARfTABLE ACTIVITIES COSTS
Support
costs (see
nofr 7)
Direct
Costs
Totals
Direct costs
Support costs
409,028
409,028
231,860
231,860
409,028
231,860
640,888
Page 17
continued...

Belfast Activity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
SUPPORT COSTS
Governance
costs
Finance
Other
Totals
Support costs
2,941
218,065
10,854
231,860
IYET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Auditors, remuneration
Depreciation - owned &ssets
10.854
83,322
3,000
108,239
TRUSTEES, REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the
period ended 31 March 2022.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2023 nor for the period end¢d
31 March 2022.
10. STAFF COSTS
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Wages and salaries
Social security costs
Other pension costs
357,973
23.361
12.891
343.092
23,074
15,728
394,225
381,894
Page 18
continued...

Belfast Activity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 Mareh 2023
10.
STAFF COSTS - continued
The average monthly number of employees during the year was as follows:
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Management and administration
Charitable activity and programmes
Se&80nal
12
20
16
Remuneration for key management personnel in the year amounted to £95,133.(2022 15 month period
£161,550).
No employee received emoluments in excess of £60,000.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AIYD ENDOWMENTS FROM
Donations and legacies
386,264
226,950
613,214
Other trading activities
Investment income
Other income
14,225
14,225
356
356
Total
400,851
226,950
627,801
EXPENDITURE ON
Charitable activities
Direct costs
Support costs
163,563
244,305
255,188
16,250
418,751
260,555
Total
407.868
271,438
679,306
NET INCOMEI(EXPENDITURE)
(7,017)
(44,488)
(51.505)
RECONCILIATION OF FUI¥DS
Total funds brought forward
709,753
44,488
754,241
Page 19
continued...

Belfast Aetivity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - eontinued
Unrestricted Restricted
funds
funds
Total
funds
TOTAL FUNDS CARRIED
FORWARD
702,736
702,736
12. TANGIBLE FIXED ASSETS
Tenant
improvements,
Belfast
ALP and
Boathouse
Office,
camping
outdoor
equipment
Motor
vehicles
Computer
equipment
Totals
COST
At l April 2022
Additions
Disposals
1,596,354
116,479
25,755
106,922
5,000
(7,991)
32,179
3,117
1,851,934
33,872
(7,991)
At 31 March 2023
1,596,354
142,234
103.931
35,296
1,877,815
DEPRECIATION
At l April 2022
Charge for year
Eliminated on disposal
1,088,773
63,855
102,875
9,598
78,776
8,287
(7,991)
30,942
1,582
1,301,366
83,322
(7,991)
At 31 March 2023
1,152,628
112,473
79,072
32,524
1,376,697
NET BOOK VALUE
At 31 March 2023
443,726
29,761
24,859
2,772
501,118
At 31 March 2022
507,581
13,604
28,146
1,237
550.568
13. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.3.23
31.3.22
Trade debtors
Other debtors
Loan debtor
Accrued income
Prepayments
73,086
861
81,232
30.758
57,620
336
84,430
1,015
159,392
169.946
Page 20
continued...

Belfast Activity Centre
Notes to the Finaneial Statements - continued
for the Year Ended 31 Mareh 2023
14. CREDITORS: Amouwfs FALLING DUE WITHIN ONE YEAR
31.3.23
31.3.22
Bank loans and overdrafts (See note 16)
Hire purchase (see note 17)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
53,822
6,500
48.289
6,863
4,947
8,047
6,500
42,346
(313)
53,387
41,156
143,076
128,468
15. CREDITORS.. AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
31.3.23
31.3.22
Hire purchase (see note 17)
2,167
8,667
16. LOANS
An analysis of the maturity of loans is given below:
31.3.23
31.3.22
Amounts falling due within one year on demand:
Bank overdrafts
53,822
17. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
31.3.23
31.3.22
Net obligations repayable-
Within one year
Between one and five years
6,500
2,167
6,500
8,667
8,667
15,167
Page 21
continued...

Belfast Activity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
Barnett's Project
Belfast ALP
Boathouse
225,290
115,624
216,799
145,023
(134,477)
91,068
(19,271)
(36,237)
(12,085)
181,881
96,353
180,562
132,938
702,736
(134,477)
23,475
Restricted funds
DFC Capital
591,734
23,475
(23,475)
TOTAL FUNDS
702,736
(111,002)
591,734
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrieted funds
General fund
314,008
(448,485)
(134,477)
Restricted funds
Belfast Regeneration Offi¢¢ -
Youthbuild
DFC Capital
Department of Justice
Belfast City Council
Greystone (IOM) Limited
BRO Fuel Grant
Arnold Clark Community Fund
130,903
23,475
6.000
13,000
40,000
1,500
1,000
(130,903)
23,475
(6,000)
(13,000)
(40,000)
(1,500)
(1,000)
215,878
(192,403)
23,475
TOTAL FUNDS
529.886
(640,888)
(111.002)
Page 22
continued...

Belfast Activity Centre
Notes to the Financial Statements - Continued
for the Year Ended 31 March 2023
18.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.3.22
At 1.1.21
Unrestricted funds
General fund
Bamett's Project
Belfast ALP
Boathouse
147,816
139,713
262,095
160,129
(7,017)
84,491
(24,089)
(45,296)
(15,106)
225,290
115,624
216,799
145,023
709,753
(7,017)
702,736
Restricted funds
Belfast Regeneration Office -
Youthbuild
DFC Capital
ARN
N l Tourist Board
13,622
(13,622)
5,500
(30,866)
(5.500)
(5,500)
30,866
5,500
44.488
(44.488)
TOTAL FUNDS
754,241
(51,505)
702,736
Comparative net movem¢nt in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
400,851
(407,868)
(7,017)
Restricted funds
Belfast Regeneration Office -
Youthbuild
NIO New Beginnings
DFC Capital
Department of Justice
Belfast City Council
ARN
N l Tourist Board
123,710
25,390
5,500
11.800
16,250
22,300
22,000
(137.332)
(25,390)
(13,622)
5,500
(11.800)
(16.250)
(53,166)
(27.500)
(30.866)
(5,500)
226,950
(271,438)
(44,488)
TOTAL FUNDS
627,801
(679,306)
(51,505)
Page 23
continued...

Belfast Aetivity Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
19. RELATED PARTY DISCLOSURES
Ardaluin Regeneration Trus( is an unincorporated charity with Trustees in common.
Belfast Activity Centre looks after some of the administration on behalf of Ardaluin Regeneration
Trust, while Ardaluin Regeneration Trust provides services to Belfast Activlty Centre on a
commercial basis.
Included in creditors is a balance due to Ardaluin Regeneration Trust of £277. (2022 debtor of
£30,758).
Page 24

Belfast Activity Centre
Detailed Statement of Flnancial Activities
for the Year Ended 31 March 2023
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
INCOME AIYD ENDOWMENTS
Donations and leg2cies
Donations
Grants
Activity income
5,217
215,878
283,665
1,889
302,194
309,131
504,760
613,214
Other trading activities
Abseil Incorne
Rathlin Run
24,928
14,110
115
24,928
14,225
Investment income
Deposit account interest
Other income
Other income
198
356
Total incoming resources
529,886
627,801
EXPENDrruRE
Charitable activities
Wages
Social security
Pensions
Open award & expedition costs
REC / BEL training costs
Fundraising costs
Catering & accomodation costs
Transport Costs
Sundries
Staff training and membership
Programme costs
308,161
19,769
11,394
611
2,000
3.929
1,352
17,452
4,667
10.498
29,195
295,264
18,972
15,327
1,478
900
4,150
7,469
13,879
2,961
58,351
409.028
418,751
This page does not forni part of the statutory financial statements
Page 25

Belfast Activity Centre
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
Period
1.1.21
to
31.3.22
Year Ended
31.3.23
Support costs
Finance
Bank charges
Hire purchase
2,334
607
3,186
480
2,941
3,666
Other
Wages
Social securlty
Pensions
Barnetvs establishment costs
Insurance
Advertising and promotion
Office expenses
Legal and professional costs
Freehold property
Fixtures and fittings
Motor vehicles
Computer equipment
49,812
3,592
1,497
33,089
16,611
1,980
47,828
4,102
401
37.248
17,218
3,466
11
18,707
9,455
63,855
9,598
8,287
1,582
21,356
9,918
89.481
637
12,794
5,327
218,065
249,776
Governance Costs
Auditors, remuneration
Accountancy and l¢gal fees
10,854
3,000
4,113
10,854
7,113
Total resources expended
640.888
679.306
Net expenditure
(111,002)
(51,505)
This page does not forni part of the statutory financial statements
Page 26