Company Registration Number: N1604474 Charity Number: 101347 Belfast Activity Centre (A company Ilmlted by guarantee. not havlng a share capital} Annual Report and Audited Financial Statements for the financial year ended 31 March 2024 Mccleary & Company Ltd Chartered Accountsnts Garvey Studios 14 Longstone Street Lisburn Co Antrirn BT28 ITP
Belfast Activity Centre IA company limited by guarantee. not having a share ¢apitall CONTENTS Page Trustees. and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditorfs Report statement of Financial Activities 10 Balance Sheet Statement of Cash Flows 12 Notes to the Financial Statements 13-19 Supplementary Information relating to the Financial Statements 21
Belfast Activity Centre (A company limited by guarante•, not having a share caprtall TRUSTEES. AND OTHER INFORMATION Truste•$ Mr Thomas Scott Mr lan Douglas Mr John Harold gaird (resigned 10 November 20231 Ms Sarah Pamela Ballantine Ms Claire Maria McNicholl Mr Lewis William Graham Given Mr Scott Hamiltr)n Mr Robbie Milliken (appointed 19 February 2024) Charity Number in Northern Ireland 101347 Company Registratlon Number N1604474 Princlpal Address BarneWs Stable Yard Bamett Demense Malone Road Belfast Co Antrim BT9 5PB Auditors Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co Anlrim BT28 1TP
Belfast Activity Centre IA company limited by guarantee. not havln9 3 share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report. and the audited financial statements for the financial year ended 31 March 2024. The financial statements are prepared in accordance with the Companies Act 2006. FRS 102 'The Financi81 Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Trustees, Report contains the information required to be provided in the Trustees. Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's conslilulion are known as members of the board of trustees. In this report the trustees of Belfast Activity Centre present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2024. The charity is a registered Charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Structure, Govèrnance and Management structure Based on the Memorandum and Artides of Association accepted by Companies House, Belfast on 17 September 2010 for the incorporation of Belfast Activity Centre as a Private Company Limited by Guarantee I Company No. N1604474). First registered as a charity for tax purposes with HM Revenue and Customs in 1990, Charity registration No. XN82053 and reaffirmed at 17 September 2010. Registered as a charity with the Northern Ireland Charity Commissioner. registration on 12 January 2015. Charity Registration No. NIC101347 Governance The charity is controlled by ils governing document. a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Financial Review The results for the financial year are set out on page 10 and additional notes are provided showing income and expenditure in greater detail. Financial Results At the end of the financial year the charity has assets of £658.370 {2023 - £695,096) and liabilities of £109,805 {2023- £103,340). The net assets of the charity have decreased by £{43,169). Reserves Posltlon and Policy The Board of Directors l Trustees, of Belfast Activity Centre will endeavour to accumulate reserves which amount to up lo six months full running costs of the centre. The Board believe this to be an acpIable SerVe and contingency. If Ihe Charity was fortunate enough to reach this amount of reserve. the Board would table a discussign as to how funds Could be expended or invested, in-line wlh the work of Ihe charity. Principal Risks and Uncertainties Risk Management is a high priority in the work of the cenlre. Physical Risk 15 monitored daily due to the 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 Centre's work.
Belfast Activity Centre IA company limited by guarantee, not havlng a Share capital} TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 Trustees The Iruslees who served throughout the financial year, except a5 noted, were as follows.. Mr Thomas Scott Mr lan Douglas Mr John Harold Baird (resigned 10 November 2023) Ms Sarah Pamela Ballantine Ms Claire Maria McNicholl Mr Lewis William Graham Given Mr Scott Hamilton Mr Robbie Milliken {appoinled 19 February 2024) Compliance wlth Sector-wide Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Belf8St Activity Centre subscribes to and is compliant with the following: The Companies Act 2006 The Charities SORP {FRS 102) BAC would like to take this opportunity to thank all its funders and supporters over the past year. The Auditors The auditors, Mccleary & Company Ltd, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006. Approved by the Board of Trustees on 29 November 2024 and signed on its behalf by:
Belfast Activity Centre {A company limited by guarantee, not hzvrng a share capttall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees, who are also directors of Belfast Activity Centre for the purposes of company law, aTe responsible for preparing the financi818latemenls in accordance wilh applicable law and regulations. Company law requires the Iruslees as the directors to prepare financial slalements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees must not approve the financial slalements unless they are satisfied that they give a Inje and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SORP make judgements and accounting eslimales that are reasonable and prudent.. stste whether the financial statements have been prepared in accordance with applicable accounting standards. identify those standards. and note the effect and the reasons for any material departure from those standards.. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity 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 {information needed by the charity's auditor in connection with preparing the auditor's report) of which the charity's auditor is unaware. and the Iruslees have taken all the steps that they ought lo have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charity's avdilor is aware of that information. Approved by the ard of Trustees on 29 November 2024 and signed on its behalf by:
INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Activity Centre (A company limited by guarantoe, not having a shar8 eapltal} Report on the audit of the financlal statements Oplnion We have audited the charity financial statements of Belfast Aclivily Centre I'the charily'l for the financial year ended 31 March 2024 which comprise the Statemenl of Financial Activities lincorporaling an Income and Expenditure Account}. the Balance Sheet. the Statement of Cash Flows and notes to the financial slalements. including the summary of significant accounting policies sel out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Sialemenl of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its deficit for the financial year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basls for opinion We conducted our audil in accordance with International Standards on Auditing {UKI {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charity in accordance with ethical requiTements that are relevant lo 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 lo provide a ba515 for our opinion. Conclusions relating to going concern In audibng the financial s181ements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least e1ve months from the date when the financial statements are aulhorised 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 other information comprises the infomiatien included in the annual report other than the financial statements and our Auditor's Report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does nol cover the other information and. except to the extent OtheISe explicitly stated in our report. we do not express any form of assuran¢e conclusion Ihereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears lo be materially misstated. If we identify such material incon51Stencies or apparent material misstatements. we are required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misslalement of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the Strategic Report and the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Strategic Report and the Trustees. Annual Report have been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Activity Centre (A company Ilmlted by guarantea, not havlng a share capital} Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees, Annual Report. We have nothing lo report in respect of the following matters where the Companles Act 2006 requires us lo report to you if, in our opinion: adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., or i* certain disclosures of Iruslees, remuneration specified by law are not made,. or we have not received all the information 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 preparing the Report of the Trustees. Respon$ibilities of trustees for the financial statements A5 explained more fully in the Statement of Trustees, Responsibilities set out on page 6, the trustees are sponsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intern81 Control as they determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slatemenls. the Iruslees are responsible for assessing Ihe charity's ability to continue as a going concern. disclosing. as applicable. matters related lo going concern and using the going concern basis of accounting unless management either intends to liquidate the charity or to cease operations, or has no realistic alternative bul to do so. Audltor's re$ponsibilities for the audit of the financial statement5 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit eonducled in accordance with ISAS {UK} will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered materi81 if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 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 lo breaches of health and safely 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 slalemenls bul 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 slalements (including the risk of override of conlrolsl and determined that the principal risks were related lo misstatement of restricted and unreslricled fund balances. Audit procedures performed included.. Enquiry of those charged with governance including any known or suspected instances of non4omplian¢e with laws and regulations, potential litigation and fraud-. Identifying and testing journal entries for appropriateness. evaluating the rationale for significant Iransaclions outside what is normal for the company and assessing whether the judgernents made in making accounting estimates are indicative of potential 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 assurnptions and judgements 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 cul off.
INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Activity Centre {A company Ilmited by guarant, not havlng a Share capital) We communicated relevant identified laws and regulations and potential fraud risks to all engagement team members 2nd 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 lo become aware of instances with laws and regulalions that are not closely related to events and transactions reflected in the financial statements. Also. the risk of not detecting a material misstatement due lo 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 ot www.frc.or -uklauditorsres onsibilities. This description forms part of our Report of the Independent Auditors. 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 Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's members those matters we are required to slate to them in an auditors. report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. MCCLEARY & COMPANY LTD Chartered Accountants GaNey Studios 14 Longslone Street Lisburn Co Antrim BT28 1TP 29 November 2024
Belfast Activity Centre {A company limited by guarantee, not having a share ¢apitall STATEMENT OF FINANCIAL ACTIVITIES Ilneorporating an Incomè and Expenditure Account) for the financial year ended 31 March 2024 Unrestricted Restrleted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notès Income Donations and legacies Other Irading activities Investments 282,358 38,149 1,180 195.395 477,753 38,149 1.180 288,882 24,928 198 215,878 504,760 24.928 198 Total income 321,687 195,395 517,082 314,008 215.878 529,886 Expenditure Charitable activities 364,856 195,395 560,251 448,485 192.403 640,888 Net incomel{expenditure} (43.169} (43.1691 (134.477) 23,475 1111.002) Transfers between funds 23,475 {23,4751 Net movement in funds for the financial year {43,169) {43,1691 1111,002) (111,002) Reconciliation of funds: Total funds beginning of the year 16 591,734 591,734 702,736 702,736 Total funds at the end of the year 548.565 548.565 591.734 591.734 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. Thg notes on pages 13 to 19 form part of the financial Statements 10
Belfast Activity Centre (A company limitèd by guarantee, not having a share capital) Company Number.. N1604474 BALANCE SHEET as at 31 March 2024 2024 2023 Notes Flxed Assets Tangible assets 429,212 501,118 Current Assets Debtors Cash at bank and in hand 10 11 57.884 171,274 117,489 76,467 229.158 193.956 Creditors: Amounts falling due within one year 12 (109,8051 1101,1731 Net Current Assets 119.353 92,783 Total Assets less Currenl Liabilities 548,565 593.901 Creditors Amounts falling due after more than one year 13 12.167) Total Net Assets 548,565 591,734 Funds Designated funds (Unrestricted) General fund {unreslrictedl 342,260 206,305 409,853 181,881 Total funds 16 548.565 591,734 These financial statements have been prepared in accordance with the special provisions relating to medium-sized companies in section 445{31 of the Companies Act 2006. Approved by the Board of Trustg9s and authorised for is$u9 on 29 November 2024 and signed on its behalf by: The notes on pages 13 to 19 fomi part ofthe financial statements 11
Belfast Activity Centre IA company limited by guarantèe. not having a sharè ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Cash flows from operating activities Net movement in funds Adjustments for.. Depreciation Interest payable and similar expenses {43,1691 1111,0021 84,163 607 83,320 607 41.601 Movements in working capital-. Movement in debtors Movement in creditors {27,0751 59,606 12.964 52,769 26.217 Cash generated from operations Interest paid 114,171 1607) 51,911 16071 Net cash generated from operating aclivilies 113,564 51,304 Cash flows from investing activities Payments lo acquire tangible assets 112.256) 133.8721 Cash flows from flnancing activities Capital element of hire purchase contracts (6.5011 (6,5001 Net Incrèase in cash and cash equivalents Cash and cash equivalents at the beginning of the year 94.807 76,467 10,932 65,535 Cash and cash equivalents at the end of the year 11 171.274 76.467 12
continued Belfast Activity Centre (A company limlted by guarant, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Belfast Activity Centre is a company1Smited by guarantee Incorporated in Northern Ireland. The registered office of the charity is which is also the principal place of business of the charity. The financial slalemenls have been presented in Pound (£1 which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislenlly in dealing with items which are considered material in relation to the chartty's financial statements. Basis of preparatlon The financial slalements have been prepared on the going concern basis under the historical cost convention, modified to include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Pra¢lice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balan¢e Sheet. Departures frorn the standard fomiats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Slalement of Recommended Practice {SORP}"Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Fund accounting The following are the categories of funds maintained- Restricted funds Reslricled funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestricted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board. in furtherance of the objectives of the charity. Designaled funds comprise unreslricled funds that the board has. al its discretion. set aside for particular purposes. These designations have an adminislralive purpose only, and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by inclusion in the Statement of FinanGial Activities only when the charity is legally entitled to the income. performance conditions attached lo the itemlsl of income have been mel. the amounts involved can be measured with sufficient reliability and it 15 probable that the income will be received by the charity. Income from charitable activitie$ Income from charitable activities include income eamed from the Supply of seNices under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from govemment and other co-ftJnder5 is recognised when the charity is legally enlilled to the income because il is fulfilling the conditions contained in the related fvnding agreements. Where a grant is received in advance, ils recognition is deferred and included in creditors. Where entitlement occurs beft)re income is received, il is a¢¢rued in debtors. Grants from govemments and other co-funders typically include one of the following types of conditions.. Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure. to the extent that il is reimbursable by the donor. as income. 13
continued Belfast Activity Centre IA company Ilmlttrd by guarantee. not having a share capllal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Time based conditions.. WhebY the charity is contractually entitted to lunding on the condition that it is ulilised in a particular period. In these cases the charity recognises the income lo the extent it is utilised within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earfier. Expenditure Expenditure is analysed between costs of charilable activities and raising fvnds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed lo one activity. Such costs are allocated to activities in proportion to staff lime spent or other suitable measure for each activity. Tangible fixed assets and depreclation Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge lo depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their eslimaled residual value, over their expected useful lives as follows: Belfast ALP and Boalhovse Camping and outdoor equipment Motor vehicles Computer Equipment al varying rates on cost 33Vo on cost 25 % on cost 20 /0 on cost Leasing and Hire Purchases Tangible fixed assets held under leasing arrangements which transfer substantially all the risks and rewards of ownership to the charity are c8Pltalised and included in the balance sheet al their cost or valuation. less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the income and expenditure account. Debtor$ Debtors are recognised at the selllement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders. bul not yet received al financial year end, is included in debtors. Cash at bank and Sn hand Cash at bank and in hand comprises cash on deposil at banks requiring less than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or event5 have occurred at that datg that will result in an obligation to pay more lax in the fvture, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable income and its results as stated in the financial 51alements. Deferred lax is measured on an undiscounted basis at the lax rate5 that are anticipated lo apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 14
continued Belfast Activity Centre IA company Ilmited by guarantee, not havlng a share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Donations and legacies 282,358 195,395 477,753 504,760 OTHER TRADING ACTIVITIES Unrestricted Restrict8d Funds Funds 2024 2023 Other trading activities 38.149 38.149 24.928 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investments 1.180 1.180 198 EXPENDITURE CHARITABLE ACTIVITIES DireGt Costs Other Costs Support Costs 2024 2023 Expenditure on charitable activities 310.092 250,159 560,251 640,888 SUPPORT COSTS Charitable Activities 2024 2023 Support 250,159 250.159 231,860 ANALYSIS OF SUPPORT COSTS 2024 2023 Support 250.159 231,860 NET INCOME 2024 2023 Net Income Is stated after charging1{creditingl: Depreciation of tangible assets Auditor's remuneration-. audit services 84.163 83.322 9,754 10,854 INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 Hlre purchase interest 607 607 15
continued Belfast Activity Centre IA company limited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed {including executive trustees) during the financial year was as follows.. 2024 Number 2023 Number Charitable activity and programme Management and Administration Seasonal 12 10 22 20 The staff costs comprise.. 2024 2023 Wages and salaries Social security costs Pension costs 286,937 15,667 7,272 357,973 23,361 12,891 309.876 394.225 Remuneration for key management personnel in the year amounted to £113.998 {2023 . £107,644) No employee received emoluments in excess of £60,000 TANGIBLE FIXED ASSETS Belfast Camping ALP and and outdoor Boathouse equipment Motor vehicles Computer Equipment Total Cost At 1 April 2023 Additions 1,596,354 142,234 11.031 103.931 35,296 1,226 1,877.815 12.257 At 31 March 2024 1.596.354 153,265 103,931 36,522 1,890,072 Depreciation At 1 April 2023 Charge for the financial year 1,152,628 63.855 112.473 12,102 79,072 6.215 32,524 1,991 1.376.697 84.163 At 31 March 2024 1,216,483 124,575 85.287 34,515 1,460,860 Net book value At 31 March 2024 379,871 28,690 18.644 2,007 429,212 At 31 March 2023 443.726 29,761 24,859 2.772 501,118 TANGIBLE FIXED ASSETS CONTINUED Included above are asset5 held under finance leases or hire purchase contracts as follows: 2024 Net Depreciation book value charge 2023 Net book value Deprecialion charge Motor vehicles 12,353 4,118 16,471 5,491 16
continued Belfast Activity Centre {A company limited by guarantee, not havlny a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 10. DEBTORS 2024 2023 Trade debtors Other debtors Taxation and social security costs (Note 14) Prepayments and accrued income 32,543 875 313 24.153 73,086 861 312 43,230 57,884 117,489 11. CASH AND CASH EQUIVALENTS 2024 2023 Cash and bank balances Cash equivalents 74.471 96,803 29,397 47.070 171.274 76,467 12. CREDITORS Amounts falling due within one year 2024 2023 Net obligations under finance leases and hire purchase contracts Trade creditors Other creditors Accruals and deferred income 2,167 36,099 34.135 37,404 6.500 42.345 11.172 41.156 109.805 101.173 13. CREDITORS Amounts falling due after more than one ygar 2024 2023 Finance leases and hire purchase contracts 2,167 Net obligations under finance leases and hire purchase contracts Repayable within one year Repayable between one and five years 2,167 6,500 2,167 2,167 8.667 14. TAXATION AND SOCIAL SECURI 2024 2023 Debtor5: PAYE I NI 313 312 15. RESERVES 2024 2023 Al the beginning of the year Deficit for the financial year 591,734 (43.1691 702,736 1111,0021 At the end of the year 548,565 591,734 17
continued Belfast Activity Centre IA company limited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Funds Total Funds At 1 April 2022 Movement during the financial year 702,736 {111,0021 702.736 {111,002) Al 31 March 2023 Movement during the financial year 591,734 143.169} 591,734 143,169) At 31 March 2024 548,565 548,565 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers between funds Balance 31 March 2024 BRO Youth Build DOJ Restricted Fund BCC Restricted Fund Other Restricted fund Co-op Funding 126,283 8,100 20.000 40.000 1,013 126,283 8.100 20.000 40,000 1,013 195.396 195,396 Unrestrlcted funds Des 1111 Des 2{21 Des 3{3) Unrestricted General 96.353 180,562 132,938 181,881 119.271) 136.2371 (12,0851 67.593 77,082 144,325 120,853 206,305 321,687 364.856 591,734 321.687 1364,8561 548.565 Totsl funds 591,734 517,083 560,252 548,565 17. STATUS The charty is a company limited by guarantee not having a share capitsl. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter. for the payment of the debts and liabilities of the company contracted before they ceased lo be members, and the costs, charges and expenses of winding up, and for the adjuslmenl of the rights of the contributors among themselves. such amount as may be requirod. not exceeding £ 1. 18. TRUSTEES, REMUNERATION There were no Iruslees, remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023 Trustees Expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023 18
continued Belfast Activity Centre {A company limlted by guarantee, not having a shar& Capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 19 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT Opening balance Cash flows Closing balance Finance lease and hire purchase (8,668) 6,501 {2,167) Total liabilltles fTOrn financing a¢tivities (8.668) 6,501 {2,1671 Total Cash at bank and in hand (Note 11) 171.274 Total net debt 169,107 20. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 19
BELFAST ACTIVITY CENTRE {A wmpany limited by guarantee, not havlng a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 NOT COVERED BY THE REPORT OF THE AUDITORS 20
Belfast Activity Centre IA company Ilmited by guarantee, not having a sharè capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income Donations Unrestricted grants Income from charitable activities 1 Abseil Income Other income 1,458 195,395 280,900 38,149 1.180 5,217 215.878 283,665 24,928 198 517,082 529,886 Cost of generating funds Wages and salaries Social security costs Staff pension scheme costs Open award & expedition costs RECIBEL training costs Fundraising costs Catering & accomodation costs Transport costs Sundries Staff training and membership Programme costs 233,109 12,672 5.731 1.662 700 4.256 1,015 11,928 3.799 6,534 28,686 308,161 19,769 11.394 611 2,000 3.929 1,352 17,452 4.667 10,498 29,195 310.092 409.028 Gross surplus 206.990 120,858 Expenses Wages and salaries Social security costs Bank charges Staff defined contribution pension costs Insurance Advertising Legal and professional Auditor'sllndependenl Examiner's remuneration Barnetts establishment costs Office Expenses General expenses Depreciation 53,828 2.995 1,091 1,541 15,910 2.744 24,001 9.754 37.529 15.998 12) 84,163 49,812 3.592 2,334 1.497 16.611 1.980 9,455 10.854 33,089 18,706 83,322 249,552 231,253 Flnance Hire purchase interest 607 607 Net doficit (43,1691 {111.002) The supplementary information does not form part of the audited financial slalemenls 21