Belfast Activity Centre IA company lirnited by guarantee. not having a share capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 The truslees 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 Financial Reporting Standard applicable in the UK and Republic of Ireland. and Ac¢ounling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their financial $18tements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}- The Trustees, Report contains the inft)rmation required to be provided in the Truslees, Annual Report under the Statement of Recommended Practice {SORPI guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustees of Belfast Activity Centre present a summary of ils purpose, governance, activities. achievements and finances for Ihe 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 Practi￿ applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented its recommendalions where relevanl in these financial statements. Structure, Governance and Management Structure Based on the Memorandum and Articles ofAssociation accepted by Companies House. Belfast on 17 September 2010 for the incorporation of Belfast Activity 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, Chartty registration No. XN82053 and reaffirmed at 17 September 2010. Registered as a Charity with the Northem Ireland Charity Commissioner. ￿gistratIon 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 £{43,1691. Reserves Position and Policy The Board of Directors l Tnjslees, of Belfast Activity Cenlre will endeavour to accumulate reserves which amount to up to six months fvll running c05t5 of the centre. The Board believe this to be an acceptable reserve and contingency. If the Charity was fortunate enough lo reach this amount of reserve. the Board would table a discussion as lo how funds could be expended or invested. in-line with the work of the charity. Principal Risks and Un¢ertalntles Risk Management is a high priority in the work of the centre. Physical Risk is 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 Cenlre. The Board carries out regular management analysis on all aspects of the Cenlre's work. Belfast Activity Centre (A company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 Trustees The trustees who served throughout the financial year. except as noted, were as follows.. MrThomas Scott Mr lan Douglas Mr John Harold Baird (resigned 10 November 20231 Ms Sarah Pamela Ballantine Ms Claire Maria McNicholl Mr Lewis William Graham Given Mr Scott Hamilton Mr Robbie Milliken (appointed 19 February 2024) Compliance with Sector-wlde Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Belfast Activity Centre subscribes to and is compliant with the following- The Companies Act 2006 The Charities SORP (FRS 102) BAC would like lo lake this opportunity to thank all ils fvnders and supporters over the past year. The Audltors The auditors. Mccleary & Cornpany 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 IA Company limited by guaranteè, not having a share capStall 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, are responsible for preparing the financial statements in accordance wilh applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial ststemenls in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate 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 estimates that are reasonable and prudent. slate whether the financial statements have been prepared in accordance with applicable accounb'ng standards, identify those standards, and note the effect and the reasons for any material departure from those standards.. and prepare the financial statements on Ihe going concern basis unless il is inappropriate to presume that the charity will continue in operation. The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any lime 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 hersce 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 infoThalion {infom)ation needed by the charivs auditor in connection with preparing the auditor's report) of which the charity's auditor is unaware. and the Injslees have taken all the steps that they ought lo have taken as trustees in order lo make themselves aware of any relevant audit information and lo establish that the charity's auditor is aware of that information. Approved by the aTd of Trustees on 29 November 2024 and signed on its behalt by: