Company Registration Number: N1604474 Charlty Number: 101347 Belfast Activity Centre (A cornwny limited by guarantee, not havlng a 8har• capltal) Annual Report and Audited Financial Statements for the financlal year ended 31 March 2025
Belfast Activity Centre IA company Irmil¢d by guarantee. not havlng a shar• eapltall CONTENTS Page Trustees and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditor's Report ststement of Flnanclal Activities 10 Balance Sheet Statement of Cash Flows 12 Notes to the Financial Statements 13-19 Supplamentary Information relating to the Financlal Statement5 21
Belfast Activity Centre (A company Ilmlt$d by guarantee, not having a shar& capEtall TRUSTEES AND OTHER INFORMATION Trustees Mr Thomas Scott Mr lan Douglas Ms Sarah Pamela Ballantine Ms Claire Maria McNicholl (Resigned 18 November 20241 Mr Lewis William Graharn Given Mr Scott Hamlllon Mr Robbie Milliken Charlty Number In Northern Iroland 101347 Company Reglstratlon Numbor N1604474 Roglstsrod Offie• and Prlnclpal Addre88 88mett's Stable Yard B8rnett Demesne Malone Road Belfast Co Antrim BT9 5P8 Audltors Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co Anlrlm BT28 1 TP
Belfast Activity Centre IA company limlted by guarant••, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 The trustees present their Trustees, Annual Report, combining the Directors. Report and Trustees, Report, and the audited financial statements for the financial year ended 31 March 2025. The financial statements are prepared in accordance with the Companies Act 2006. FRS 102 Yhe Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Stslement of Recommended Practlce applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the charity are also charity Iruslees for the purpose of Charity law and under the charity's constitution are known as members of the board of trustees. In this report the tru$l&8$ of Belfast Activity Centre present a summary of its purpose, governance, activities, achievèments and finances for the financial year 31 March 2025. The charity is a reglst8red charlty and hence the report and résults are pr8senled In 8 fomi whlch comrAies wlth the requirements of the Companies Act 2006 and, although not obliged lo ¢omply with the Slalement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, th8 organisalion has implemented its recommendations where r8levant in these financial slalements. StructUfO. Govgrnanco and Management structurg Based on the Memorandum and Articles of Association accepted by Companles House. Belfa51 on 17 September 2010 for the incorporation of Belfast Activity Centre as a Private Company Llmiled by Guarantee (Company No. N16044741. First registered as a Gharity for tax purposes with HM Revenue and Customs in 1990, Charity registrallon No. XN82053 and reaffirmed on 17 September 2010. Registered as a charity with the Northem Ireland Charity Commission8r, registration on 12 January 2015, Charity Registration No. NIC101347. Governance 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. Flnanclal Revlew The results for the financial y8ar are set out on page 10 and addition81 notes are provided showing income and expènditure in greater detail. Flnanclal Results At the end of tha flnancial year th8 charity has assets of £706,568 (2024 - £658.0571 and liabilill&s of £213,99812024 £109,492). The net assets of the charity have decreased by £155,995). Reserves Posltlon and Policy The Board of Directors l Trustees of Belfast Activity Centre will endeavour to accumulate reserves which amount to six months full runnlng costs of the cenlrg. The Board beli8ve this lo b8 an acceptable reserve and conlingoncy. 11 the Charity was fortunate enough to a¢h this amount of reserve, the Board would table a discusgion as to how funds could be expended or invested, in-linè with the worf( of the charity. Prln¢lpal Risks and Uncgrtalnlies Risk Management is a high priority In Ihe work of the centr8. Physical Risk 15 monitor8d daily due to the natvre of outdoor a¢livilies. All slaff are provided with training in risk management and the Centre has a Health and Safety Advisory Committee of independent advisors who meet quarterfy. The BAC Board are tasked with the Govemance of the Centre. The Board carries out regular management analysis on all aspec15 of the Cenlre's work.
Belfast Activity Centre IA company1Smlt8d by guarant••, not having a Share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 Trustoès The trustees who seNed throughout the financial year. except as noted, were as follows.. Mr Thomas Scott Mr lan Doug18S Ms Sarah Pamela Ballantine Ms Claire Mada McNi¢holl IReslgn8d 18 November 20241 Mr Lewis William Graham Given Mr Scott Hamilton Mr Robbie Milliken Cornpllancg With Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are d8v8lop8d for the sector. Belfast Activity Centre subscribes to and is compli8nt wilh the following.. The Compan195 Act 2006 The Charities SORP IFRS 1021 8AC would like lo tske thls opportunlty to thank all Its fundèrs and support8rs over th8 past year. The Audltor$ The auditors, Mccleary & Company Ltd {Chartered Accountsntsl have Indicated their wllllngnesg to conlSnue In office in accordance with the provisions of Section 485 01 the Companies Act 2006. Approved by thg Board of Trust995 on 9 Octobor 2025 and Signed on Its behalf by: Thomas SGOtt Ti'u¥luv Robbi• Milllk•n Trustee
Belfast Activity Centre IA company Ilmlt•d by 9uarant¢tr. not having a share capitsll STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2025 The tmstees, who are also directors of Belfast Activity Centre for the purposes of company law, are responslble for preparing the financial stalements in accordance with applicabl& law and regulations. Company law requires the trustees as directors lo prepare financial statements for each financial year. Under thal18W the trustees have elected to Ppare the financial statements in accor(iance with United Kingdom Generally Accepted Accounllng Practice (United Kingdom Accounting Standards and appllcable lawl Includlng FRS102 'The Financial R8POrting Standard applicable in the UK and Republic of Ireland" Under company law the Iruslees musl not approve the financial slalemenls unless they are satisfied that they give a tru8 and fair view of the stale of affairs of the charity and of the n6t income or expenditure of the charity for th81 period. In preparfng th8s8 financial ststemenls, the truslees are required to: salècl suitable accounting polici&s and apply them consistenUy,' observe the methods and principles in the Charities SORP- make judgements and accounting estimates that arg reasonabl8 and prudent., Slate whether the financial slalemenls have been prepared in a¢¢or(iance with applicable accounting standard8. identify those standard5, 8nd note Ihe effect and the reasons for any material departur8 from those standards., and prepare the financial slalements on the going ¢on¢ern basis unle55 It 15 inappropriate to presume that Ihe Gharity will continue In operatlon. The trusleeg are r85ponsible for keeping adequate accounting records that are sufficianl 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 lo ensure that the financial statements comply with the Companies Act 2006 and the Chantys Act (Northern Ireland) 2008. They are also responsible for safegu8rdlng the as581s of the charity and hence for t8king re8sonable steps for the prevention and detection of fraud and other irregulanlies. In so far as the trustees are aware: there is no relevant audit Informallon Ilnformation needed by the charfty's auditor In connectlon with preparing the audilorfs reF)Ortl of which the charity's auditor is unaware, and th8 trustees have taken 811 the steps that they ought to have lak8n as trustees in order to make themselves aware of any relevant audit Information and to establish that the charity's auditor is aware of that infomalion. Approved by tho Board of Trustees on 9 October 2025 and slgned on Its behalf by: Thom Truste Robbie Mllllken Trustee
INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Activity Centre IA company Ilmlted by guarant8•, not having a sh8r¢ capital) Report on the audlt of the financial statements Opinion We have audited the charity financial statements of Belfast Activity Centre {'the charity'l for the financial year ended 31 March 2025 which comprise the Slalement of Financial Activities lincorpor8ting an Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements. induding the summary of slgnlficant accounting policies set out in note 2. The financial reportlng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charilies= Statement of Recomm6nded Practice applicable lo charities preparing their accounts in accordance with FRS 102. In our opinlon, vthen reporting in a¢cord8nce with a fair presentation framework, the financial statements.. give a Inje and fair view of the slate of the Charity's affairs as at 31 March 2025 and of Its deficit for the financlal year then ended- have been properly prepared in accordance wllh UnSted KSngdom G8nerally Acc8pt8d Accountlng Pracl¢e', and have been preparèd In accordance with the requirements oflhg Companies Act 2006 and the Charitigs Act (Northern Ireland) 2008. Basls for opinlon We ronducled our audit in accordance with Inlemalional Standards on Audillng IUKI (ISAS IUKII and applicable law. Our responsibili1185 under those standards are further described in th8 Auditor's responsibilities for the audit of the financial s18temenls section of our r&port. We are independent of the charity in accordance with ethical requirements 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 elhlcal responsibilities in accordance wllh these requlrerngnts. We believe th81 the 8udlt evldence we have obtsined is suffi'cient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting In the pr8P8ration of the financlal statements is appropriate. Bas8d on the work we have p8rfomed. we have not identified 8ny material uncertainties relating lo events or conditions Ih8t. individually or collectively, may cast significant doubl on the charity's ability lo continue a5 a going concem for period of al least e1ve months from the dale when the financial slalemenls 8r6 authorised for issue. Our responsibilities and the responsibilities ol the trustees with respect lo going concem are described in the relevant 88clions of thls reporL Other Infomiation The other infomialion ¢omprises the information included in the annual report other than the financial statements and our Audilovs Report Ihereon. The trustees are rasponsible for the othèr information containèd within lh6 annual report. Our opinion on the financial stalemenls does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expr8ss any fomi of assurance conclusion thereon. Our responsibility is lo read the other infomi81ion and, in doing so, consider whether the other infomab'on is materially inconsistent with th6 financial slalements or our knowledge obtained in Ihe course of the audit. or olheNise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to delerrnine whether this gives rise lo a material rnisstatement in the financial slalemenls themselves. If. based on the work we hav8 Pgrforrned, we condude that there is a material misstatement of this other information. we are required lo r8POrt that fact. We have nothing to pOrt in this regard. Oplnlon on other mattgr prgscrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit- the informalion given in the Trustees, Annual R&port for the financial year for which the ffnancial statements are prepared is consistent with the financial stalements,- and the Trustees. Annual Report have been prepared in accordance with appllcable legal requlremenis.
INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Activity Centre IA cOmnY limit¢d by guarantee. not having a share capital) atters 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 misslalemenls in the Trusl8e5' Annual Report. We have nothing to report Sn rèspect of the following matters where the Companies Act 2006 rgqulres us to report to you if. in our opinion: adequate accounting r8cord5 hav8 not been kept- or the financial statemen15 are not in agreement with the accounting records and retums-, or certain disclosures of trustees, remuneration specified by law are not made: or w8 have not received all the information and 8xplanations 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. Responslbllltles of trugtees for the financial otatement$ AS explained more fully in the Slalemenl of Trustees, Responsibilities sel out on page 6. the Iruslees 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 they detem)ine is necessary lo enable the preparation of financi81 statements that are free from malerfal mlsstatemenl, whether due to fraud or error. In preparing th8 financial statements, the Iruste8s are responsible for assessing the CharItS ability to continue as going concern, disclosing, as applicable, matters rèlated lo going concern and using the going concern basis of a¢¢ounlin9 unless manag&menl either intends lo liquidal6 the charity or to cease operations, or has no realistic alternative bul lo do so. Audltor'8 ro$pon$lbllltles for tho audlt of tho flnanclal statomonts Our objectives are lo obtain reasonable assurance about whether the financial statements as a wholè are free from material misslalemenl, wh&lher du& to fr8ud or error. and lo issue an Audit0S Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always d&le¢t a material rnisstalement when il exists. Miss181emenls can arisa from fraud or error and are consldered material if, individually or in the aggregate, they could reasonably be expected lo influence the economl decisions of us&rs t8k8n on the basis of Ih&s8 financial slalemanls. Irregularities, including fraud, are instances of non-compliance with lawg and regulatlons. We design procedures in line with our responsibili118S, OUtlin6d above, lo detect material misstatements in SpeCt of irregularill&s, including fraud. The 8xlent to which our procedur88 ar8 capable of delecling irregularities, including fraud, is detailed below.. Havlng considered the nature of the Charlty and the sector In whlch it operates, we identified that the prlncip81 rlsks of non-compliance with laws and regulations related to breaches of health and safety laws, employment law and environmenlal regulations. We considered the exlenl to which non-compliance might have a material effect on the financial slalements. We also considered Ihose laws and regulallons that do not have a direct impact on the preparation ol the financial statements but compliance with which may be fundamental lo the Charity's ability lo 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 overrrde of controls) and determined that the principal risks were related lo misstatement of reslricled and unrestricted fund balances. Audit procedures performed included.. Enqulry of those charged with govemance including any known or suspected instances of non-compllance with laws and regulations, potential liligalion and fraud- Idenllfying and lesling journal entries for appropriatenes5, evaluating the rationale for significant Iransacllons outside what is normal for the company and assessing whether the judgements made in making accounting estimates are indicative of potential bias, in order lo assess the risk of fraud through management override of controls., Analytical procedures to identify any unusual or unexpected reSationships that may indic8te risks of material misslalemenl due lo fraud.. Challenging 8ssumptlons and judgements made by management in signlficant accounJng eslmates. Reviewing the disclosures in the financial slalements 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 ¢ommunicated relevant identified laws and regulations and potential fraud risks to all engagement team mernbers and remained alert to any indir2tions of fraud or non-COmFAiance with laws and regulations throughout the audit. There are inheront limitations in the audit procedures outlined above. We are less likely to become aware of instances with laws and regulations that are not dosely relaled to events and transaction5 reflected in the financial ststements. Also. the risk of not delecling a material misslalement due to fraud is higher than the risk of not d81ecting one r95ulting from error, as fraud may involve deliberate concealmenl.
INDEPENDENT AUDITOR'S REPORT to the Members of Belfast Actlvlty Centre IA company limlted by guarantso. not havlng • $h•r6 capital) A further description of our responsibilities for the audit of the financial statements is located on th8 Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilitie8. This description fomis part of our Auditorfs Report. MCCLEARY & COMPANY LTD Ch8rtered Accounlanls Garvey Studios 14 Longslonè Street Lisbum Co Anlrim BT28 1 TP 9 O¢tob•r 2025
Belfast Activity Centre IA company Ilmltad by guarant8¢, ntsl having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Ineom• and Expendlture Accountl for the financial year ended 31 March 2025 Unrestricted Reslricted Funds Fund$ 2025 2025 Total Unreslricled Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Not95 Income Donations and legacies Other trading activities Investmenlg 252.670 54,332 1.377 223.826 476.496 54,332 1,377 282,358 38,149 1,180 195,396 477,754 38,149 1,180 Total Incomo 308,379 223,826 532,205 321,687 195,396 517,083 Expendlture Charitable acllvlli88 414,851 173.349 588,200 364,856 195,396 560,252 Nel Incomall8xpendltur•) (106,472) 50,4TT 155,995) 143.1691 (43.169) Transf&rs betrNeen funds 30,477 (30.4n) Net movemont in funds for the financlal year (75,995) 20,000 (55,995} 143,169) 143,1691 Rgconciliatlon of funds: Total funds al the beginning of the year 15 548,ses 548,565 591,734 591,734 Total funds at the ond of the year 472,570 20,000 492,570 548,565 548,565 The St8tement of Fin8nci81 Aclivities indudes all gains and losses recognised in the financial year. All income and expenditure relate to conllnuing activitie5. The notes on pages 13 10 19 fomi part of the finanaal statements 10
Belfast Activity Centre IA company Ilmlt8d by guarant¢¥, not having a shar• capital) Company Number: N161M474 BALANCE SHEET as at 31 March 2025 2025 2024 Nots$ Flxed Assets Tangibl8 assets 376.367 429,212 Current Assets Debtors Cash at bank and in hand 10 11 91,288 238.913 57,884 171,274 330,201 229,158 Credltors: Amounts falllng due wlthin one year 12 (213,998 1109,805) Not Current Assets 116.203 119,353 Totsl Assets less Current Llabllltles 492,570 548,565 Funds Restricted funds Designated funds {Unr&strf¢tedl Gener81 fund lunresldcted) 20,000 274.667 197,903 342,260 206,305 Total funds 15 492,570 548,565 These finandal statements have been prepared In accordance with the special provisions relating to small companies within Part 1 fj of Ihft C.omTrAnifts Ar,1 ?orifi. Approved by tha Board of Tru8tee8 and authorlsed for158ue on 9 October 2025 and slgned on Its behalf by Thomas Scott Trustee Robble Milllken Trust99 The notes on pages 13 10 19 fomi part of the financial stalemenis 11
Belfast Activity Centre STATEMENT OF CASH FLOWS for the financial year ended 31 March 2025 2025 2024 Notes Cash flows from operatlng actlvltles Net movement in fvnds Adjustments for: Depreciation Interest payable and simllar expenses Gains and loss&s on disposal of fixed assets {55,9951 (43,169) 85,652 262 (2.494) 84.163 607 27.425 41,601 Movements in w01ng cgpital.. Movement in debtors Movement in credrtors (33,717) 106,673 59.606 12,964 Cash generated from operations Interest paid 100,381 {262) 114.171 (607) Nel ¢88h generated from operatSng acllvltles 100,119 113,564 Cash flows from Investing actlvltl•s Payments lo acquire tangible 8ss81s Receipts from disposal of tangible assets (37,6871 7,374 112.2571 Nel Ga5h used In Investment activities {30,3131 112.2571 Cash flows from financlng actlvhles Capital elernent of hire purchase contracts (2,167) {6,5001 Nel Increase In cash and Gash equlva10nts Ca¥li aiiu L4¥11 ¥yulYdl¥iit¥ ¥t tli¥ bvyinlllny ot tho yaar 67.639 '11'1,214 94,807 10,401 Cash and cash equlvalents at the end of the year 11 238,913 171,274 12
Belfast Activity Centre (A company Ilmlt•d by guarant••, n¢t having a share capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Belfast Activity Centre is a company limited by guarantee incorporated in Northem Ireland. The registered office of the charity is Bamett's Stable Yard, Barnett Demesne, Malone Road. Belfast. B T9 5PB which is also th& principal place of business of the charity. The financial statements have been presented in Pound 1£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies hav• b88n applied consistently in dealing with items which ara considered material in relation to thé charity's financial statements. Ba818 of proparatlon The financial ststemenls of the charity, which is 8 public benefit entity under FRS 102, have been prepar8d on the going concern basis under the historical cost convention, modified to include certain items al fair value. The financial stalemgnts have been prepar8d in accordance wllh the Slalemenl of Recommended Practice ISORPI "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 p&rrnltted by the Companies Act 2006, the charlty has varied the Standard fomats in that act for the statement of Financial Activities and the Balance Sheet. Departures from the standard fomials are lo comply with the requirements of the Charflles 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 March 2025 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice ISORPI "Accounting and Reportlng by Charities preparing Ihelr accounts in accordance with the Fln8ncl81 Reportlng Standard appllcable in the UK and Republic of Ireland FRS 102" Fund accounting The following ara the categories of funds maintained., Re8trlcted funds Reslrfcled funds represent income recelvad which can only be used for partlcul8r purposes, as 8peclfied by the donors. Such purposes are wllhln the ov&rall objectives of the charity. Unrestricted funds Unrestricted fund3 consist of General and Designated funds. General funds ropffjs8nl amounts which are gxpendable at the discretlon of the board, furtherance of the objectives of the charity. Designated funds comprise unrestrided funds Ihat the board has, at its dlscr811on, set asSde for partScular purposes. These designations havè an adrninislralive purpose only, and do not 18gally restriot the board's discretion lo apply the fund. Income Income is recognised by inclusion in the Slalemenl of Finan¢ial Activitl8s only whèn th8 charity is lègally enlilled lo the incomg, performance conditions allached lo the item{sl of income have been mel, the amounts involved can be measured with sufficient reliability and il is probable that the income will be received by the charity. Income from charitablg activitle5 Income from charitable acllvlties include income eamed from the supply of services 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 government and other co-funders is recognised when the charity is legally enlilled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Whe entitlement occurs before Income is received, it is accrued in debtors. Grants from governments and other co-funders typically include one of the following types of conditions- Performance based conditions.. whereby the tharity 15 contractually entitled to funding onty lo the ext8nt that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of grant agreement, il recognises the related expenditure. tu the extent that il is reimbursable by the donor, a$ 13
continued Belfast Activity Centre IA eompany limited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 income. •Time based conditions.. whereby the charity is contractually entitled to funding on the condition that it is ulilised in a particular p8riod. In these cas8S the charity recognises the income to the extent il is ulilis8d within the period specified in the agreement. In the absence of such conditions, assuming that rec8lPt is probable and the amount can b8 reliably measured. grant income is recognised once the charity is notified of entitlement. Gr8nts received towards capital 8XP8nditur8 are crédited to the Stal8ment of Financial Activities when r8C6iV6d or receivable, whichever is eartier. Expandlturo Expenditure is analysed beNv88n costs of chaTilabl& activities and r8ising funds. Th8 costs of 8ach actlvlly are sèparately accumulat8d and disclosed. and analysed according lo their major components. Expenditure is recognlsed when a legal or constructlV8 obligallon 8xists as a result of a past event, a transfer of economlc benefits is required In settlernenl and the amount of the obligation can bg reliably rne85ureé. Support costs a those functions that as51sI the work of the charity bul cannot be allribul8d lo one activity. Such costs are allocated to activities in proportion to staff lime spent or other suitable measure for each activlly. Tanglblo flxod as8Ot6 and dèpr•elatlon Tangible fixed assets are slated at cost or al valuation, less accumulated dePCIatIon. The charge to depreciation is calculated lo write off the original cost or valuation of t8ngible fixed assets, 18SS their 8slimated resldual v81ue. over thelr expected usaful Ilvas as follows: Belfast ALP and Boathouse Camping and outdoor equipment Motor vehicles Computer Equipment 40/a on cost 33Yo on cost 25% on cost 20% on cost L8aslng and Hlre Purcha808 Tangible fixed assets held und8r leasing arrangements which transfer substantially all the risks and rewards of ownership lo the charity ar8 ¢8pitslised and included in the balance sheet at their cost or v81ualion, less depreciation. The corresponding commitments are recorded as liabilities. Payments in r8SP6Ct of these obligations are treated 88 consisting of capital and Interest elements, with inleregt charged to the income and expenditure account. Dgbtors Debtors are Cognised at the s8tt18m8nl amount due after any discount offered. Pr8paymenls are valuod at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-fun¢ers. bul not yel received al financial year end, is induded in debtors. Cash at bank and In hand Cash at bank and in hand comprises Cesh on deposit at banks requiring less than nine months, notice of withdrawal. Taxation and deferred taxatlon No current or deferred laxalion arises as the ch8rity has been granted charitable exemption. Irreeoverablé valued added lax Is expensed as Incurred. Deferred tax is recognised in respect of all timing differences that have originated bul not reversed al the balance sheet dale where transactions or events have occurred at that date that wlll result In an obligation to pay more tax in the future, or a right lo pay less lax in the fijture. Timing differences are temporary differences beeen the charity's taxable Income and Its result5 as stated in the financial stalemenls. Deferred tax is measurgd on an undiscounted basis at the tax rate5 that are anlicipaled lo apply in the periods in which the timing differences are expected to reverse, based on tax rate5 and law5 that have been enacted or sub31anlively enacted by the balance sheet date. 14
continued Belfast Activity Centre IA company Ilmlt8d by guaranleè, not having a share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 INCOME DONATIONS AND LEGACIES Unrestrlcted R¢5trlcted Funds Funds 2025 2024 Donations and legacles 252,670 223,826 476.496 477.754 OTHER TRADING ACTIVITIES Unre8trlcted Rgstrlcted Funds Funds 2025 2024 Other trading aclivSties 54,332 54,332 38,149 INVESTMENTS Unrestricled Restricted Funds Funds 2025 2024 Investments 1,377 1,377 1,180 EXPENDITURE CHARITABLE ACTIVITIES Dlre¢t Co¥ts Other C08ts 8upport C08ts 2025 2024 Exp8ndllure on chadtable acllvltles 317,173 271,027 588,200 560,252 SUPPORT COSTS Charltable Actlvlties 2025 2024 Support 271,027 271,027 250,161 ANALYSIS OF SUPPORT COSTS 2025 2024 Support 271,027 250,161 NET INCOME 2025 2024 Net In¢om9 15 Statgd after charglngllcredlting): Depreciation of tangible assets (Surplus) on disposal of tangible fixed assets Auditorfs remuneration.. audit services 85.652 (2,4941 84,163 10,922 9,754 INTEREST PAYABLE AND SIMILAR CHARGES 2025 2024 Hire purchase interest 262 607 15
continued Belfast Activity Centre IA ¢ompany limited by guarant8•, not havlng a sharè eapitall NOTES TO THE FINANCIAL STATEMENTS for the flnancial year ended 31 March 2025 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed linduding executive trusleesl during the financial year was as follows: 2025 Nufflber 2024 Number Charitable activity and programme Managem&nt and Administration Sèasonal 10 10 10 24 22 The staff costs comprls&'. 2025 2024 Wages and Salarles Social security costs Penslon costs 281,T12 15,814 9.160 281.937 15,667 7.272 306,746 304,876 Remuneration for key management personnel in the year amounted to £71,897 (2024.. £113.9981. 14u 61)IpluyLl8 I't1¥? viiiuluiiiBI iiJ li i eALe&8 ul £00,000. TANGIBLE FIXED ASSET8 Belfast Camplng ALP and and outdoor 8oathou8e equipment Motor Computar vèhiclès Equlpmont Total Cost Al 1 April 2024 Addition8 Disposals 1.596,354 20,107 153,266 14,713 103,931 2,250 114,7721 36,522 617 1,890,073 37,687 114,7721 Al 31 March 2025 1,616,461 167,979 91,409 37,139 1,912,988 pr•clatl•n At 1 April 2024 Charge for the ffinan¢lal year On disposals 1.216.483 64,659 124.576 14,560 85,287 4,629 19,8921 34.515 1,804 1.460,861 85,652 (9,892) Al 31 Mar¢h 2025 1,281,142 139,136 80.024 36,319 1,536,621 Net book valuo At 31 March 2025 335,319 28.843 11.385 820 376,367 At 31 March 2024 379,871 28,690 18,644 2,007 429,212 16
continued Belfast Activity Centre (A company Ilmlt•d by guaranteè, not havlng a sharè Capital NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 March 2025 TANGIBLE FIXED ASSETS CONTINUED Included above are assets held under finance leases or hirè purchase contracts as follows.. 2025 Net Depre¢lation book value charge 2024 Net book value D&pre¢i8tion charge Motor vehides 4,980 1,661 12.353 4.118 10. DEBTORS 2025 2024 Trade debtors Other debtors Taxation and social security cos18 (Not8 13) Prepayments and accrued income 41,792 32,543 875 313 24.153 49,496 91,288 57,884 11. CA8H AND CASH EQUIVALENTS 2025 2024 Cash and bank balances Cash equlvalents 46,235 192.678 74.471 96,803 238,913 171,274 12. CREDITORS Amounts falling duo wlthln ono yr 2025 2024 Net obligations under finance leases and hir& purchasè contracts Trade creditors Other creditors Accruals and deferred income 2,167 36.099 34,135 37,404 39.042 128.929 46,027 213,998 109,805 13. TAXATION AND SOCIAL SECURITY 2025 2024 Debtors: PAYE I NI 313 14. RESERVES 2025 2024 Al the beginning of the year Deficit for the financial year 548.565 155.995 591,734 143.1691 At the end of the year 492,570 548.565 17
continued Belfast Activity Centre IA company limited by guarantee, not havlng a shar• capltall NOTES TO THE FINANCIAL STATEMENTS for the flnanclal year ended 31 March 2025 15. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unre5trlctsd Funds Restrlcled Funds Total Funds At 1 April 2023 Movement during the financlal year 591,734 {43,169) 591.734 143,1691 At 31 March 2024 Movement during the financial year 548,565 (75,995) 548,565 155,9951 20,OIN] At 31 March 2025 472,570 20,000 492,570 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance Incomè Expèndlturo Transf8r8 between funds Balan 31 March 2025 2024 BRO Youth Build Capital Grant DFC BCC Restricted Fund Charterhouse fund 132,720 30,477 20,629 40.000 132,720 {30,4771 20.629 20,000 20,000 223.826 173,349 130,477) 20,000 Unrestrlcted funds Barnetts Des 1 ALP D&s 2 Boathouse Des 3 Unrestrlct8d General 77,082 144,325 120,853 206,305 19,271 36,237 12,085 347,258 57,811 108,088 108,768 197.903 308,379 30,477 548,565 308,379 1414,8511 30,477 472,570 Total lunds 548,565 532,205 588,200 492,570 16. STATU8 The charity is a company limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes lo contribute to the assets of the company, in the event of it being wound up while they are a member or within one financi81 year 8fter they cease to be a member, for the payment of.. - The company'5 debts and li8bilities contr8Cted before they ceased to b8 a member- The costs, charges, and expenses of winding up., and The adjustment of the rights of the conldbulors among themselves such amount as may be required, not eXdIng £1. 17. TRUSTEES. REMUNERATION There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Tru5toe5' Expgnses There wgre no trusl8es' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 18
continued Belfast Activity Centre IA company Irmitèd by guarantee, not having a share capStall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 18 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT Oponing balance Cash flows Closing balance Finance lease and hire purchase {2,1671 2,167 Total Ilabllltles from flnanclng actlvltl•s {2,1671 2,167 Tolal Cash at bank and In hand (Note 11) 238.913 Total nat debt 238,913 19., POST-BALANCE SHEET EVENTS There h8ve been no Bignificanl evenls affe¢ling the Charlty slnce the financlal year-end. 20. RELATED PAR BALANCES Ardaluin R8generalion Trust Is an unin¢orporated charity with Trustees in comrnon. Belfast Activity Cenlre look5 after some of the 8dministration on behalf of Ardaluin Regeneratlon Trust, whlle Ardaluln R8gen8ratSan Trust provide5 Services to Belfast Activity Centre on a commercial basis. Included In Creditors is a balance du8 from Ardaluln Regenerauon Trust of.. 2025 2024 Creditors 115,077 30,987 19
BELFAST ACTIVITY CENTRE (A Gompany Ilmlted by guaranteo, not having a share capltal) SUPPLEMENTARY INFORMATION RELATING T THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEA DED 31 MARCH 2025 NOT COVERED BY THE REPORT OF THE AUDITORS 20
Belfast Activity Centre (A company limited by guarantèg, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Ststement for the financial year endeé 31 March 2025 2025 2024 Income Donations Unrestricted grants Income from charitable activities Abseil Income Other income 1.340 223,826 251,330 54.332 1,377 1,458 195,396 280,900 38.149 1,180 532.205 517.083 Ct of goneratlng fund8 W8ges and salari8S Social security costs Staff pension sGheme costs Open awar(i & expedItOn cosls RECIBEL training costs Fundraising costs Catering & accomrnodalion costs Transport costs Sundries Stsff trainSng and mambershlp Programme costs 230,992 12.776 7,535 3.771 760 7,157 605 13.411 3,516 6.342 28,332 233,109 12,672 5,731 1.662 700 4,256 1.015 11,928 3,798 6.534 28,686 317,197 310,091 Gro88 Surplus 215,008 206.992 Expen8•$ Wages and salari6S Social security costs 8ank charges Staff defined contrlbution pension ¢osts Insurance Advertising L6gal and professional Audilorfsllndep8ndenl Examin8Rs remuneratlon 8ad debts 88rnatts establishment costs Office Expenses Surplusesldeficils on disposal of tangibles Depreciailon 50,780 3,038 1,055 1,625 23.251 1,819 8,822 10,922 1.452 68.919 15,900 12,4941 85,652 48,828 2,995 1.091 1,541 15,910 2,744 29,001 9,754 37.529 15,998 84,163 270,741 249,554 Flnan¢• Hire purchase interest 262 607 Net deflclt (55.9951 {43,169) The Supplementary infomation does not form part of the audited financial slalemenls 21