BELFAST LOUGH SAILABILITY
Trustees Annual Report and Unaudited Financial Statements
for the year ended 31 December 2024
Registered Charity in Northern Ireland (NIC101461)
Page | I

BELFAST LOUGH SAILABILITY
Flnanclal Statements
Year ended 31 December 2024
Contents
CHARITY REFERENCE AND ADMINISTRATIVE DETAILS....... ..
TRUSTEES, ANNUAL REPORT ..
TRUSTEES OF THE CHARITY.........
REFERENCE AND ADMINISTRATIVE DETAILS .
STRUCTURE AND MANAGEMENT.......
DESCRIPTION AND PURPOSE....
ACTIVITIES AND OBJECTIVES ....
ACHIEVEMENTSAND PERFORMANCE......
PUBLIC BENEFIT STATEMENT........
FINANCIAL REVIEW............
GOING CONCERN..............
RESERVES POLICY...,.......
RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS .........
RISK REVIEW...........
INDEPENDENT EXAMINERS REPORT ..
STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNTI .........
BAIANCE SHEET................
.11
.13
.14
NOTES TO THE ACCOUNTS...
.15

BELFAST LOUGH SAILABILITY
Year ended 31 December 2024
CHARITY REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered charlty name
Belfast Lough Sailability
Charity registration number
NIC101461
Principal office
Marina Bulldlng, 3 quayslde,
Carrickfergus, BT38 8BE
The trustees
Mr D Todd Chairperson
MrA 8Isp
Vice Chairperson
Ms A Blair
Honorary Secretary
Mrj Klnner
Honorary Treasurer
Bankers
Danske Bank
Donegal Sq West
Belfast
Co Antrim
BTI 6JS
The Co-operative Bank- Business
Buslness Customer Services
PO Box 4931
Swlndon
SN4 4PL
Independent examiner
Simon Hopper F.C.A.
Hopper & Co
6 Doagh Road
Ballyclare
BT39 9BG
31 P<ige

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT
Year ended 31 December 2024
TRUSTEES, ANNUAL REPORT
The Trustees present thelr report and the unaudited financial statements of the charity for the year
ended 31, December 2024. The trustees have adopted the provisions of the Statement of
Recommended Practice {SORP) Accounting and Reportlng by Charities ' {FRS102 Section IA) In
preparing the annual report and financial statements of the charity.
The financial statements have been prepared In accordance with the accounting policies set out In
notes to the financlal statements and applicable accounting standards, Accounting and Reporting by
Charities . Statement of Recommended Practice applicable to charities preparing thelr accounts in
accordance with the Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland issued In
October 2019, the Financlal Reporting Standard applicable In the United Kingdom and Republic of
Ireland (FRS 102 Section IA), the charity's governlng document, the Charitles Act (Northern Ireland)
2008, Charlties Act {Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations
(Northern Ireland) 2015 and UK Generally Accepted Practice,
TRUSTEES OF THE CHARITY
The trustees who have served during the year were as follows:
Mr DTodd
Mr A Bisp
Ms A Blair
Mr J Kinner
Chairperson
Vice Chairperson
Honorary Secretary
Honorary Treasurer
REFERENCE AND ADMINISTRATIVE DETAILS
The registered name of the charity is Belfast Lough Sailability, charity registration number: NIC101461
Principal off ice
Marina Buildingi 3 Quayside,
Carrickfergus, BT38 8BE
The trustees
Mr DTodd
Mr A Bisp
Ms A Blair
Mrj Kinner
Chalrperson
Vice Chairperson
Honorary Secretary
Honorary Treasurer

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT
Year ended 31 December 2024
Bankers
Danske Bank
Donegal Sq West
Belfast
Co Antrim
BTI 6JS
The Co-operative Bank- Business
Buslness Customer Services
PO Box 4931
Swlndon
SN4 4PL
Independent examiner
Slmon Hopper F,C.A.
Hopper & Co
6 Doagh Road
Ballyclare
BT39 9BG
STRucfuRE AND MANAGEMENT
Governlng Document
Belfast Lough Sailability {BLSI1s a charity registered with the Charity Commlsslon for Northern Ireland.
Its operations are governed by a Trust Deed. There are 4 Trustees named above who oversee the
charit¢s activities and finances and decide how it will achieve Its objectives.
DESCRIPTION AND PURPOSE
BLS recognises sailing as a therapeutlc exercise benefiting those with physlcal, mental and learning
difficulties. Its activities include tralning, recreation and competition; and the protection and
preservation of health and safety. As s RYA Recognised Training Centre (RTC), BLS provides Instruction
in sailingi powerboating and other skills. BLS supports the local community by providing safety boats &
trained crews at open sea water events.
ACTIVITIÈS AND OBJECTIVES
BLS has a fleet of 17 sail/power boats and 4 kayaks. Working from Carrickfergus Marina and Harbour,
BLS provides sailing & boatlng opportunities to PÈople with disabilities and from dlsadvantaged
backgrounds.(participants). Participants can choose to enjoy recreational or leisure boatingi undertake
tralnlng & education or compete In competitions. BLS has a team of qualified In5trurtors to provlde RYA
internationally recognised quallflcatlons in saillng/powerboating, flrst ald, VHF radio, navigation &
dlsability awareness. BLS also proactlvely promotes volunteering opportunlties to enhance a sense of
51 P¥lPP

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT (¢onVd)
Year ended 31 December 2024
inclusion and self-worth in Its members. BLS travels throughout the island of Ireland to provide
opportunities to those in need of our facilities.
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 RTC provldes education and trainlng to people
of all abilitles and backgrounds. BLS organlses an annual programme of activity to develop members,
skills, host and participate in competltions and support community events. During 2024, BLS'S main
actlvities included but Was not limited to:.
Maintenance of Fleet
The 2024 Season started well with essential maintenance being carried out on Saturday mornings over
the wlnter months to ensure all craft and equipment were fully operational for the commencement of
on the water actlvlties.
The BLS motor launch Rosy had signiflcant refurbishment repairs carrled out to make the boat fully
operational for the 2024 season.
October- December. Winterisation of fleet and essential maintenance commenced to make ready the
fleet for the 2025 season. The BLS drop bow motor launch Searover was lifted out of the water for a full
refurbishment.
Purchase of 'Barnab
Following a bequest from Elizabeth Black, a long standing BLS member, a funding campalgn was
launched to secure funding to purchase a new safety boat 'Barnaby', named after Elizabeth's assistance
dog.
Additional funding was secured from the Ulster Garden Village, Awards for All, LFT Charitable Trust,
Belfast Harbour and the Halifax Foundation. Barnaby was purchased and named and launched on 22
June 2024.
nd
Bes
oke Trainin
Pro
ramme
From May- July, BLS volunteers devised and delivered a 12 week training programme on Shore to
develop members, skills in alignment with the RYA Sailability & Powerability logbook Scheme.
6 | Pic

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT (convd)
Year ended 31 December 2024
May- September. Bespoke training sessions were provided in the Hansa 303s & Hawk 20s to develop
sailors, skills to compete in regattas organised by the three Sailabllity Centres in Nl.
This training has Increased our members, confidence significantly, increaslng their ability to compete In
racing, and increasing their desire to develop their skills further.
Grou
Vislts
BLS continued to provide 'out of the norm, activities to special needs schools and adult centres over the
summer months: enabling each Indlvidual to participate in an active, healthy activlty; improvlng their
quality of life and building a stronger communlty splrit amongst BLS members and visiting group
members.
Sailin
& Power boatln
activities
April- September. Saturday morning & Wednesday evening weekly sessions were delivered which
included open sessions, training and building skills.
On l June, BLS delivered a RYANI Discover Sailing Taster event for people with disabilities from other
Sailing Clubs on Belfast Lough; to raise awareness of BLS & increase participation by dlsabled people,
In June, BLS members and boats travelled to Lough Erne Yacht Club to compete against Lough Erne
Sailability and Lough Foyle Sailability members, earning a creditable 2nd place overall in the first of three
Sallabillty Regattas.
In July, BLS Hosted the Belfast Lough Sailability Regatta with competitors from | Lough Erne and Lough
Foyle Sailability centres competing at Carrickfergus. BLS was delighted to win the event.
In September, BLS members and boats travelled to Greencastle in Donegal to compete in the Lough
Foyle Sallability Regatta and was again delighted to win the event.
Communi
Su
ort
BLS provides safety cover and volunteer support as a number of events across Belfast Lough to support
the local community. Thes include:_
Carrickfergus Triathlon- 2nd June
ILCA Ulsters @ CAYC- 22. & 23, June
Cross the Lough Swim- 20th July

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT Iconvd)
Year ended 31 December 2024
th
CSC RS Championships-9th_ 11 August
CSC Regatta- 17th August
st
GP14 Championshlps @ CSC- 31 August & 1st September
Annual Reco
nition Event
On 12th October BLS held it Annual Recognition Event, to recognise the fantastic achievements and
commitment of its members (volunteers and particlpants).
7 x Trophies and 7 x Certlficates were awarded.
PUBLIC BENEFIT STATEMENT
The Trustees and Management Committee of BLS 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 publlc benefits through the
programmes, activities and Services offered. In particular, the Trustees consider how planned activities
will contribute to the aims and objectives they have set out.
FINANCIAL REVIEW
The charlty returned a surplus of £11,955 (2023: surplus £15,492) for the year. As at 31 December 2024,
the charity has funds carried forward of £180,623 (2023: £168,668).
GOING CONCERN
The actlvlties of the charity is dependent on ongoing fundraising activlties. The Trustees are of the
opinion that the charity has sufficient resources at the date of approval of these financial 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 reserves at minimum one year's expenditure. The trustees
consider that this ensures that in the event of a significant drop in funding they will be able to continue
actlvities while working to source alternative funding. The charity has maintained this level of funding
throughout the year.

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT (cont'd)
Year ended 31 December 2024
RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS
The trustees are responsible for preparing the Trustees ' Report and the flnancial statements in
accordance with applicable law and Unlted Kingdom Accounting Standards {United Klngdom Generally
Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each flnanclal year which give a
true and fair view of the state of affairs of the charlty and of the incoming resources 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 suitable accounting policies and then apply them consistently;
observe the methods and princlples in the Charitles SORP 2019 (FRS102}'
make judgements and accountlng estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subjert to any material
departures disclosed and explalned in the financial statements; and
prepare the financial statements on the going concern basls unless It Is Inapproprlate 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 Act {Nolthern Ireland)
2013 and Charities (Accounts and Reports) Regulations {Northern 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 irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information
included on the charity's webslte. Legislation In the Unlted Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
RISK REVIÈW
A review of major risks has been undertaken by the Trustees and systems and procedures implemented
to manage identified rlsks. Thè principal risks are in relatlon to the likelihood of reputational damage
and financial risks associated wlth the expectation of ongoing financial support from funders. These

BELFAST LOUGH SAILABILITY
TRUSTEES REPORT (conyd)
Year ended 31 December 2024
risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated
meetings and by reviewing available fundlng streams.
FUTURE PLANS
It is the Trustees, intention to develop the present actlvities of the charity with a focus on:.
Increase the number of people with disabilities participating in BLS activities.
Increase the number of volunteers supporting people with disabilities.
Continue a programme of bespoke trainlng aligning wlth a RYA Sailability & Powerability Logbook
Scheme.
Provide RYA accredited courses to all mernbers.
Complete funding to refurbish SeaRover.
Provide community support to other organisatlons.
Disclosure of Information to Independent Examiner
So far as each of the trustees in office at the date of approval of these flnancial statements is aware:
there is no relevant audit information of which the charity's independent examiner is unaware;
and
they have taken all the steps that they ought to have taken as trustees in order to make
themselves aware of any relevant information for the independent examination and to establish
that the charity's Independent examiner is aware of that informatlon.
Independent Examiner
Hopper & Co., have Indlcated their wlllingness to remain in office and a resolutlon for their re-election
will be proposed at the forthcoming Annual General Meeting.
Approved by the trustees at a meeting on 26 March 2025 and slgned on its behalf by:
Ms A Blair
Trustee
Mr DTodd
Trustee
101 Pagp

BELFAST LOUGH SAILABILITY
INDEPENDENT EXAMINERS REPORT
Year ended 31 December 2024
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BELFAST LOUGH SAILABILITY
I report on the financial statements of Belfast Lough Sailability for the year ended 31st December 2024
which are contained within the 2024 Annual Report.
Respective responsibilities of trustees and Independent examiner
Belfast Lough Sailabllity's trustees are responsible for the preparation of the financial statements in
accordance with the terms of the Charities Act (Northern Ireland} 2008.
Belfast Lough Sailablllty's trustees consider that an audlt is not required under sectlon 65{21 {audit) of
the Charities Act (Northern Ireland) 2008 for the year and that an independent examlnation under
section 64(1) of the Charities Act (Northern Ireland) 2008 is required.
It is my responsibility to..
examine the accounts
to state whether partlcular matters have come to my attention.
Basis of independent examlner's report
My examination was carried out under Sectlon 65 of the Charities Act (Northern Ireland) 2008. An
examination includes a review of the accountlng records kept by the Charity and a comparlson of the
financlal statements presented with those records. It also includes consideration of any unusual items or
disclosures in the financial statements, and seeking explanations from the trustees concerning any such
matters. The procedures do not provide all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the financlal statements.
Independent examlner's statement
In the course of my examination, no matter has come to my attention:
(l) which gives me reasonable cause to believe that in any material respect the requirements:
to keep proper accounting records In accordance wlth Section 63 of the charities Act (Northern
Ireland) 2008, and
to prepare flnancial statements which accord wlth the accounting record5 in accordance with
Section 64 of the Charities Act {Northern Ireland) 2008 have not been met; or

(2) to which, in my oplnlon, attention should be drawn in order to enable a proper understanding of the
financial statements to be reached.
S Hopper FCA
Partner
Hopper & Co
26 March 2025
12 | Page

BELFAST LOUGH SAILABILITY
STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
for the year ended 31 December 2024
Note
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Income from:
Donations and legacies
Cha ritable Actlvlties
Investment Income
Other Income
13,027
3,366
162
26,524
39,551
3,366
162
50,945
8,651
151
3,727
Total Income
16,555
26,524
43,079
63,954
Expendlture on:
Charitable activities
29,804
1,320
31,124
48,462
Total Expenditure
29,804
1,320
31,124
48,462
Net Income
113,249)
25,204
11,955
15,492
Transfer in funds
18,624
(18,624)
Net movement in funds
Funds brought forward
5,375
168,668
6,580
11,955
168,668
15,492
153,176
Funds carried forward
15
174,043
6,580
180,623
168,668
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognlsed during the year.

BELFAST LOUGH SAILABILITY
BALANCE SHEET
As at 31 December 2024
Note
2024
2023
Fixed Assets
Tangible Fixed Assets
Total flxed assets
13
123,297
123,297
124,908
124,908
Current Assets
Cash and cash equlvalents
Total current assets
58,166
58,166
44,600
44,600
Creditors: amounts falling due wlthln one year
Total Credltors
14
840
840
840
840
Net Current Assets
57,326
43,760
Total Net Assets
180,623
168,668
Funds of the charlty
Unrestricted funds
General funds
Restrlcted funds
Total charlty funds
15
174,043
6,580
180,623
168,668
168,668
These flnancial statements were approved by the board of trustees and authorised for issue on 26
March 2025 and are signed on behalf of the board by:
Ms A Blair
Trustee
Mr D Todd
Trustee
The notes on pages 13 to 24 form part of these financial statements.

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS
for the year ended 31 December 2024
I. ACCOUNTING POLICIES
General Informatlon
The charity constitutes a public benefit entity as defined by FRS 102. The address of the principal office
is Marina Building, 3 Quayside, Carrickfergus, Co Antrim, BT38 8BE.
Statement of compliance
The flnancial statements have been prepared In accordance with the accounting policies set out In
notes to the financial statements and appllcable accounting standards, Accounting and Reporting by
Charities: Statement of Recommended Practice appllcable to charities preparlng their accounts In
accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland issued
in October 2019, the Flnancial Reporting Standard applicable In the United Kingdom and Republic of
Ireland {FRS102 Section IA), the charity's governing document, the Charities Act (Northern Ireland)
2008, Charitles Act (Northern Ireland) 2013 , The Charities (Accounts and Reports) Regulations (Northern
Ireland) 2015, and UK Generally Accepted Practlce.
The financial statements are prepared on a going concern basis under the historical cost convention.
The financial statements are prepared In sterling which Is the functional currency of the charity rounded
to the nearest £1.
The significant accounting pollcies applied in the preparation of these financial statements are set out
below. The trustees consider that these policies are sultable, have been conslstently applied and are
supported by reasonable and prudent judgements and estimates.
FUND ACCOUNTING
The charity has various types of funds for which it is responsible, and which require separate disclosure.
A definitlon of the various types of funds is as follows:
Restricted fund5 comprise (a) income from endowments which is to be expended only on the restricted
purposes intended by the donor and Ib) revenue donations or grants for a specific charitable activity
intended by the donor. Where these fund5 have unspent balances, interest on thelr pooled investment
Is apportioned to the individual funds on an average balance basis.

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS Icont'd)
31 December 2024
Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its
objectlves. In addition to expenditure on activities such funds may be held In order to finance capital
Investment and working capltal.
Designated funds are general funds set aside by the trustees for use in the future.
INCOMING RESOURCES
All incoming resources are Included in the Statement of Financial Activities (SOFA) when the charity is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably, and it is probable that the income wlll be received.
For donations to be recognised the charlty will have been notified of the amounts and the settlement
date in writing. If there are conditlons attached to the donation and this requires a level of performance
before entitlement can be obtained, then Income is deferred until those conditions are fully met or the
fulfllment of those conditions Is within the control of the charity, and it is probable that they will be
fulfilled.
Voluntary income received by way of donations and gift is credited to revenue on a receivable basis.
The charity receives grants in respect of support services. Income from government and other grants are
recognised at fair value when the charity has entitlement after any performance conditions have been
met, it is probable that the income will be received, and the amount can be measured reliably.
If entitlement is not met, then these amounts are deferred. Revenue grants are credited to incoming
resources on the earlier date of when they are received or when they are receivable unless they relate
to a specified future period.
Other income represents income that cannot be reported under the other analysis headings provided
within the SOFA.
Incoming resources wlth related expendlture
Where incoming resources have related expenditure (as with insurance proceeds) the incoming
resources and related expenditure are reported gross In the SOFA.
16 | Page

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditlonal entitlement to
the resources.
Tax reclalms on donatlons and gifts.
Incomlng resources from tax reclaims are included in the SOFA at the same tlme as the gift to which they
relate.
(Ivl
Contractual Income and performance related grants
This is only included in the SOFA once the related goods or services have been dellvered.
Glfts In kind
Gifts in kind are accounted for at a reasonable estlmate of their value to the charity or the amount
actually realised. Gifts in kind for sale or distribution are included In the accounts as gifts only when sold
or distributed by the charity. Gifts In kind for use by the charity are included in the SOFA as incomlng
resources when receivable.
(vl)
Donated services and facilities
These are only included in incomlng resources Iwlth an equivalent amount in resources expended)
where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on
these resources is the estlmated value to the charity of the service or facility received.
(vii) Investment income
This Is included in the accounts in the period to which it relates.
(vlll) Investment gains and losses
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing
investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. It is categorised under the following headings:
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery
of its activities and services for its beneficiaries and includes salary costs, support service
expenses, and an apportionment of support costs;
Other expenditure represents those items not falllng into the categories above.

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
Llablllty recognitlon
Llabilities are recognised where there is a legal or constructlve obligation to make payments to third
parties, it is probable that the settlement will be required, and the amount of the obligation can be
measured reliably.
Governance costs
These are shown wlthin charitable activlties and include the costs of preparatlon and examination of
accounts, the costs of trustee meetlngs and cost of any legal advice to trustees on governance or
constltutlonal matters.
Grants wlth performance conditions
Where the charlty gives a grant with conditlons for its payment being a speclflc level of service or output
to be provided, such grants are only recognised in the SOFA once the reclplent of the grant has provided
the specified service or output.
(Iv)
Grants payable wlthout performance conditlons
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
Support costs
Support costs are those that assist the work of the charity but do not directly represent charitable
activitles and include office costs, governance costs and administrative payroll costs.
They are incurred directly in support of expenditure on the objects of the charity. Where support costs
cannot be directly attributed to particular headings, they have been allocated to cost of ralsing funds
and expenditure on charitable activities on a basis consistent with use of the resources. Premises
overheads have been allocated on a basis consistent with the use of the resources. Staff costs and
other overheads have been allocated based on time spent, per capita and activity.
Employee benefits
When employees have rendered service to the charity, sholt-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for
that service.
Value Added Tax
The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT.
18 | Page

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (convd)
31 December 2024
ASSETS
Tangible Fixed Assets
The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition.
Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual
values, on a straight-line basis over the expected useful economic Ilves of the assets concerned. The
principal annual rates used are as follows:
Equipment
IOOA Reducing balance
In accordance with FRS102, assets under construction are not depreciated untll such times as they are
available for use.
Where the recoverable amount of a flxed asset is found to be below its net book value, the asset is
written down to the recoverable figure and the loss on impairment is recognised in the SOFA.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other
investment assets are included at trustees, best estlmate of market value.
Leases
Rentals payable under operating leases are charged to the SOFA on a straight-line basis over the period
of the lease.
Tax
The charity benefits from various exemptions afforded by tax legislation. It is therefore not liable to
corporation tax on income or galns falling due within those exemptions. Recovery is made of tax
deducted from receipts under gift aid.
Going concern
The financial statements have been prepared on a going concern basis a5 the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for 12 months from authorising these financi31 statements. The budgeted
income and expenditure are sufficient with the level of reserves for the charity to be able to continue as
a going concern.
Judgements and key sources of estimation uncertainty
The following judgements including those involving estimate5 have been made in the process of
applying the above accounting policies that have had the most signlficant effect on the amounts
recognised in the financial statements and that have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilities within the next financial year:

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
depreciation method and asset useful lives
The estlmates and a55umptions are reviewed on an ongoing basis considering the current and future
market conditions.
2. DONATIONS AND LEGACIES
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Donatlons
Other Donations
Black Santa Donatlon
6,937
9,424
1,500
16,361
1,500
31,732
1,000
Grants
Funding
6,090
15,600
21,690
18,213
13,027
26,524
39,551
50,945
3. CHARITABLE ACTIVITIES
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Membershlp
Group Visit
RTC Course Fees
Events
T-shirts
1,210
1,040
40
1,031
45
1,210
1,040
40
1,031
45
1,208
1,063
400
6,380
3,366
3,366
8,651

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
4. INVESTMENT INCOME
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Bank Interest Receivable
162
162
151
162
162
151
5. OTHER INCOME
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Gain on dispos31 of tangible flxed
assets held for charitls own use
3,727
3,727
6. STAFF COSTS
Staff costs for the current and preceding financlal years were £Nil.

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
7. EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Charltable Actlvities
Support Costs
3,550
26,254
3,550
27,574
5,357
43,105
1,320
29,804
1,320
31,124
48,462
ANALYSIS OF SUPPORT COSTS
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Total
2023
General Office
Tralning
CSC Costs
Insurance
Repairs & Maintenance
Accountancy fees
Fuel Costs
Bank Charges
Subscriptlons
Deprecatioh
605
16
1,651
5,660
2,730
840
806
52
195
13,699
605
16
1,651
6,160
3,550
840
806
52
195
13,699
1,152
783
2,848
5,716
16,482
840
1,327
47
365
13,545
500
820
26,254
1,320
27,574
43,105
2211)ap,e

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
9. NET EXPENDITURE
Net Expendlture Is stated after tharging/(crediting):
Total
2024
Total
2023
Depreciation of tangible fixed assets
Gains on Dlsposal of tangible fixed assets
13,699
13,545
13,727)
13,699
9,818
10. INDEPENDENT EXAMINATION FEES
Total
2024
Total
2023
Fees payable to independent examiner for:
Independent examination of the financial statements
840
840
11. TRUSTEES REMUNERATION AND EXPENSES
The Trustees received no remuneration from the charity during the current or preceding financlal years.
12. TAXATION
The charity is entitled to certain tax exemptions on income and profits from investments, and surpluses
on any trading actlvities carried out in the furtherante of the charity's primary objectives, if these profits
and surpluses are applied solely for charitable purposes. The charity is not registered for VAT and,
accordingly, all their expenditure is inc5u5ive of any VAT incurred.
231 Page.

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
13. TANGIBLE FIXED ASSETS
Fixturès
& Flttings
Cost
At beginning of the year
Additlons
Disposals
At end of the year
252,119
12,088
264,207
Depreciation
At beglnning of the year
Depreciation
Disposals
At end of the year
127,211
13,699
140,910
Net book value at beglnning of the year
Net book value at end of the year
124,908
123,297
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Total
2024
Total
2023
Accruals & Deferred income
840
840
241 Page

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
15. FUND BALANCES
Funds 2024
Balance at
start
Income Expendltu Surplus l Transfer
re
(Deficit)
Balance
at end
Unrestrlcted Funds
General fund
Designated Funds
69,025
99,643
16,555
(16,105)
25,654
(13,699) (13,6991
94,679
85,944
18,624
Total
168,668
16,555
(30,104)
11,955
18,624
180,623
Restrlcted Funds
DSNI Fundlng
Halifax Grant
Belfast Harbour
Black Santa
Ulster Garden Villages
Carrick Literary
800
3,624
10,000
1,500
10,000
600
1720)
80
3,624
10,000
1,500
10,000 (10,000)
80
(3,624)
(5,000)
5,000
1,500
(600)
Total
26,524
(1,3201
25,204
18,624
6,580
Funds 2023
Balance at
start
Income Expendltu Surplus l Transfer
re
(Deflcit)
Balance
at end
Unrestrlcted Funds
General fund
Designated Funds
43,715
109,461
60,227
3,727
134,9171
25,310
{13,5451 (9,818)
69,025
99,643
Total
153,176
63,954
(48,462)
15,492
168,668
Restricted funds includes money raised to but equipment, the receipt of this income I treated as
restricted until the asset is purchased and the funds then transferred to designated once the asset is in
use for general charitable purposes.

BELFAST LOUGH SAILABILITY
NOTES TO THE ACCOUNTS (cont'd)
31 December 2024
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restrlcted Funds
Funds
Total
2024
Fixed Assets
Net Current Assets
123,297
50,746
123,297
57,326
6,580
174,043
6,580
180,623
Unrestrlcted Restricted Funds
Funds
Total
2023
Fixed Assets
Net Current Assets
124,908
43,760
124,908
43,760
168,668
168,668
17. FINANCIAL COMMITMENT
No contracts had been placed for future capital expendlture at the balance sheet date
18. ETHICAL STANDARDS
In common with many other organisatlons of our size and nature, we use our independent examiner to
prepare and assist in the preparation of the financial statements.
19. RELATED PARTIES
There were no related party transactions durlng the year (2023: £Nil).
261 Page