BELFAST LOUGH SAILABILITY Trustees Annual Report and Unaudited Financial Statements for.the year ended 31 December2023 Registered Charity in Northem Ireland (NIC101461) Page | I
BELFAST LOUGH SAILABILITY Financial Statements Year ended 31 December 2023 Contents CHARITY REFERENCE AND ADMINISTRATIVE DAlLS... TRUSTEES, ANNUAL REPORT..................-....-...................... ..........................-..-............................-.............. TRUSTEES OF THE CHAR¥rY....-............ .. . . REFERENCE AND ADMINISTRATIVE DETAILS ......... . -...... STRUCTURE AND MANAGEMENT.........................................................-.................-............-.......,............ DESCRIPTION AND PU.RPOSE........................-.................--...........-...............-.--.-....-..-............................... ACTIVITIES AND OBJEcllvES ............-..-.......... ... . .. ......-. ACHIEVEMENTS AND PERFORlVtANCE...... PUBLIC BENEFIT STATEMENT.................-..-..-.................- ......................- .............-..... ... .- . FINANCIAL REVIEW.........-. ..... GOING CONCERN... RESERVES POLICY................-.-..-....-... ...-.. ..-.... RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS. RISK REVIEW......-.......-....-......-.. ... INDEPENDENT EXAMINERS REPORT..........-..-..-..................... . STATEMENT OF FINANCIALACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT)... .11 BALANCE SHEET....-..-........ .12 NOTES TO THE AccouMrs........-...... .. .13
BELFAST LOUGH SAILABILITY Year ended 31 December 2023 CHARITY REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Belfast Lough Sailability Charity registration number NIC101461 Principal office Marina Building, 3 Quayside, Carrickfergus, BT38.8BE The trustees MrDTodd Cha irperson MrA Bisp Vice Chairperson Mrs A Taylor Honorary Secretary Mrs K Reid Honorary Treasurer Bankers Danske Bank Donegal Sq West Belfast Co Antrim BTI 6JS Independent examiner Simori Hopper F.C:A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG
BELFASt LOUGH SAILABILITY TRUSTEES REPORT Year ended 31 December 2023 TRUSTEES, ANNUAL REPORT The Trustees present their report and the unaudited financial statements of the charity for the year ended 31, December 2023. The trustees have adopted the provisions of the Statement of Recommended Prattice (SORP) "Accounting and Reporting by Charities ' (FRS 102 Section IA) in preparing the annual report and financial statements of the charity. The financial statements have been prepBred in accordance with the accounting policies set out in notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities . Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102 Section IA), the charity's go.verning document, the Charities Act (No.rthern Ireland) 2008, Charities Att (Northern Ireland) 2013, The Charities (Accounts and Report5) Regulations (Northern Ireland) 2Q15 and UK Generally Accepted Practice. TRUSTEES OF THE CHARITY The trustees who have served during the year were as follows.. Mr D Todd Chairperson Mr A Bisp Vice Chairperson Mr5 A Taylor Honorary Secretary Mrs l< Reid .Honorary Treasurer REFERENCE AND ADMINISTRATIVE DEfAILS The registered name of the charity is Belfast.Lough Sailability, charity registration number: NIC101461 Principal office Marina Building, 3 Quayside, Carrickfergus. BT38 8BE The trustee5 Mr D Todd chairpers.on Mr A Bisp Vice Chairperson Mrs A Taylor Honorary Secretary Mrs K Reid Honorary Treasurer
BELFAST LOUGH SAILABILirY TRUSTEE5 REPORT Year ended 31 December 2023 Banker5 Danske Bank Donegal sq West Belfast Co Antrim BTI 6JS Independent examiner Sirnon Hopper F.C:A. Hopper & Co 6 Doagh Road Ballyclare BT39 9BG STRUCTURE AND MANAGEMENT Governing Document Belfast Lough Sailability {BLS} is a char5ty registered with the Charity Commission for Northern Ireland. Its operations are governed by a Trust Deed: There are 4 Tr.ustees named above who oversee the charity's activities and finances and decide how it will achieve it5 objectives. DESCRIPTION AND PURPOSE Our charity recognises sailing as a therapeutic exercise benefiting those.with mobility difficultie5. We provide instruction in safety/rescue boat skills and provide rescue boats & trained crews at open sea water sport events. ACTIVITIES AND OBJECTIVES BLS ha5 a fleet of 17 sail/powerboats and 4 kayaks. Working from Carrickfergus we provide sailing & boating opportunities to people with disabilitie5 and from disadvantaged backgrounds. Participants can choose to enjoy recreational or leisure boating, undertake training & education or compete in competitions. BLS has a team of qualified instructors to pro.vide internationally recognised qualifications in sailing/powerboatingx first aid, radio, navigation & disability awareness. BLS also proactively promotes volunteering opportunities to enhance a sense of inclusion and self-worth in our participants. BLS travels throughout the island of Ireland to provide opportunities to those in need of our facilities.
BELFAsf LOUGH SAILABIUTY TRUSTEES REPORT (convd) Year end.ed 31 December2023 ACHIEVEMENTS AND PERFORMANCE Our activities promote social inclusion, increase confidence and self-esteem and promote community values along with many added health benefits. Our RYA training centre provides edu.cation and training to people of all abilities and backgrounds. The 2023 season started well with Wednesday sessions and group bookings well attended throughout the year. In June we took part in the Lough Erne regatta having a lot of fun and coming out winner5. We held our own BLS regatta in August. hostingteams from Foyle and Lough Erne, anotherfun and rewarding day for all involved. We also suppDrted the Belfast Lough cross the lough swim. the Carrickfergus Triathlon, disability pride and the Belfast Maritime Festival. a busy year for all involved. PUBLIC BENEFIT STATEMENT The Board of Belfast Lough Sailability confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland and are pleased to report that during the year the charity has continued to provide public benefrts through the programmes and services we offer. In particular, the trustees consideF how planned activities will contribute to the aims and objectives they have.set out. FINANCIAL REVIEW The charity returned a surplus of E15,492 (2022: deficit £4,333) for the year. As at 31 Decernber 2023, the charity has fund5 carried forward of £168,668 {2022' £153,176}. GOING CONCERN The activities of the charity is dependent on ongoing fundraising activities. The Trustees are of the opinion that the charity has sufficient resources at the date of approval of these firtancial statements to meet commitments which will arise in the year from the date of Signing this report. RESERVES POLICY The charity aims to retain unrestricted re5erve5 at between three and six months expenditure. The trustee5 considerthat this ensures that in the event of a significant drop in fundinE they will be able to continue activities while working to source. alternative funding. The charity has maintained this level of funding throughout the year.
BELFA5f LOUGH SAILABILFrY TRUSTEES REPORT {conVd) Year ended 31 December 2023 RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The trustees are responsible for preparing the Trustees ' Report and the financjal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law require5 the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resource5 and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to: select SLAitable accounting policiesand then apply them consistently" observe the methods and principles in the Charities SORP 2019. (FRS102); make judgements and accounting estimates that are reasonable and prudent: state whether applicable. UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the f.inancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible for keeping adequate accounting records that 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 Charities Act (Northern Ireland} 2008 and Charities Art (Nolthern Ireland) 2013 and Charities (Accounts and Reports) Regulations INorthern Ireland) 2015. 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 irregularitie5. The trustees are responsiknle for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the.preparation and dissemination of financial statements may differ from legislation in other jurisdictions. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and pr.ocedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial supp.ort from funders. These risks are mitigated by the Trustees regularly monitoring. the various artivities of the charity at stated meetings and by reviewing available funding Streams.
BELF LOUGH SAILABILrrY TRUSTEES REPORT (convd) Year ended 31 December2023 FUTURE PLANS It is the TTUStee5' intention to develop the present 2Ctivitie5 of the charity. Disdosure of Information to IndependEnt Examiner 50 far as each of the trustee5 In office at the date of approval of these financial ststements is aware: there js no relevant audlt Ihfomiation of which the chaiitrfs independent examiner is unaware; arsd they have taken all the.steps that they ought trj have taken 35 trustees In order to make themselves aware of any relewant inform3tlon for the independent examinatlon and to establish that the char4ty's independent examiner is 3war.e ofthat information. Independent Examiner Hopper & Co., have indicated their willingness to remain In office and a re501ution for their re-election will be proposed at the forthcoming Annual General Meeting. Approved by the trustees at a meeting on 27 March 2024 and signed on its behalf by. Mrs A Taylor T¥ustee Mr D T(Idd Trustee