REGISTERED COMPANY NUMBER: NIO53950 (Northern Ireland) REGISTERED CHARITY NUMBER: 101838 ort of the Trustees and Financial Statements for the Year Ended 31 March 2023 for Belfast South Communi Resources Acom an Limited b Guarantee Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Annagh BT67 OLE
Belfast South Communi Resources Contents of the Financial Statements for the Year Ended 31 Ilqarch 2023 Page Reference and Administrative Details Report of the Trustees 2 to 10 Report of the Independent Auditors Statement of Financial Activities 15 Statement of Financial Position 16 Statement of Cash Flows 17 Iyotes to the Statement of Casb Flows 18 Notes to the Financial Statements 19 to 32 Dctailcd Statement of Financial Activities 33 to 34
Belfast South Communi Resources Reference and Administrative Details for thc Year Ended 31 March 2023 TRUSTEES William Robinson Desmond Graham Margret Gibson Ivan Graham (resigned 11512023) Malcolm Lavery Stephen Wilson William Harkness (appointed 11512022) REGISTERED OFFICE 127-145 Sandy Row Belfast Co. Antriin BT12 SET REGISTERED COMPANY NUMBER N1053950 (Northern Ircland) REGISTERED CHARITY NUMBER 101838 AUDITORS Lynii Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE CHIEF EXEC OFFICER Garnet Busby ADVISERS Ulster Bank Limited 140 - 142 Great Victoria Strcet Belfast BT2 7BU Santander 2-6 Bradbury Place Belfast BT7 IRX
Belfast South Communi Resourees ort of the Trustees for the Year Ended 31 March 2023 Thc trustees who are also directors of the charity for the purposes of tlie Compaiiies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the company shall be to promot¢ the benefit of the inhabitants of South Belfast. Strategy Objective Develop woi'king partnerships and relationships to create a safer environment and improved conditions for those who live, work and visit the area. Target and engage with young people at risk througli anti-social behaviour, substance misuse & criininal activity. Build tlie coiifidence and capacity of parents and children to develop healthy and liappy relationships with each other and oihers in tlieir lives. Utilise the Community Safety project, including its volunteers to increase individual and community safely and confidence in the area.Tackle economic and physical decline and general dereliction in the area. Tackle Educational underachievement in the area. Strategy Objective- Contribute to the implementation of physical and social renewal in the area at a strategic and opcrational level. Secure funding and support for an accessible fit for purpose learning hub in Sandy Row. Provide a community led response to the development of the Gilpins site. Promote and create opportunities to develop social economy eiiterprises and entrepreneurial skills to eiiliance sustainability, Contribute to community environmental action that enhances the area Reduce isolation of individuals and the area Strategy Objective Create, maintain and develop opportuniti¢s that support and deliver social, economic, environmental and cultural d¢velopment activities. Maintain a shared space and information 'hub' where iiidividuals and groups can be signposted to the services they n¢¢d. Deliver projects and activities that build intra and cross community relations in an integrated way that contributes to joint working and a shared future. D¢velop opportunities to acknowledge th¢ legacy of the conflict and its impact upon the lives of individuals and communities, particularly in Sandy Row. Facilitate learning and other opportunities to promote Sandy Row's cultural identity and contribute to social and economic sustainability
Belfast Soulh Communi Resources Re ort of the Trustees for the Year Ended 31 March 2023 Action Results Connect all Parents Soutb Connect all Parents South is a program working across Arellian Nursery School, Blythefield Primary School and eiigages with the Markets Parents to help parents help their childr¢ii get the most out of their education. Connecting local and newcomer families to encourage relationships between and within Communities. Led by Belfast South Coinmunity Resources (BSCR). How has the pandemic affected this projectg Due to school restrictions we have not been able to access the school's parent rooms to date, however BSCR are continuing to support the parents group to Ineet weekly at our buildiiig until further notice. Our parents, group is important to support the development of peer parent relationsliips and support networks for all parents but especially those who arc young, isolated or newcomer parents. Feedback from parents attending I need tliis, I need to sit witli a cup of tea and chat to other parents who are going through the same things that l am so I don't feel like I'm alone or going mad. To some people doing art, baking or whatever activity is on might seems silly but to me I look forward to seeing what we are doing each week in the parents group. It beats going hoine to clean or watch TV. '1 was sitting on my own with me problems for months, even afraid to tell Jamie-Lee how I was feeling or what was going on in my mind for fear of being judged or people thinking I wasn't a good mum. But Jamie-Lee persisted in checking up on me when she saw me at the school or out aiid about and continually invited me along to thiiigs. Now I've started coming to the parents group I feel like a belong to a group of like-minded people and I'm not afraid of sharing how I fcel and talking to other people. Over thc summer parents were informed of online training, education and learning opportunities via social media and email. Parents were encouraged to fill out surveys to provid¢ valuable information for services that could potentially support them i.e. (SENAC, housing Exc, Sure Start) Family trips were organised throughout the suminer, These trips cncouraged families to get outdoors for physical and mental health benefits and to build 011 peer relationships. BSCR worked in partnership with south City highlighting and promoting their school uniform exchange prograinme. The parent worker (Jamie-Lee) was able to identify families in need through relationsliips built and put referrals in to collect good condition second hand uniforms. Families were also encouraged to ontact south city directly if they needed anything. 30 family packs funded by Radius were given to families in Sandy Row with information on Nutrition, emotional wellbeing, info on what's on in south Belfast and £20 Dunnes voucher to help with uniform or food. Online and face to face workshops were held around nursery and Pl readiness for local parents. Helping parents understand what th¢y can do to support th¢ir Child's iieeds transitioning into a new nursery or school an be beneficial to parent's confidence while also supporting the children to be ready for their new educational experiences. Workshops includ¢d, toilet training, independence skills and routines. Paediatric first aid training was put on for local parents. Giving them the confidence to deal with medical emergencics that may happen within the home.
Belfast South Communi Resources ort of the Trustees for Ihe Year Ended 31 March 2023 Belfast Diversity Day, Nl Centenary fun day and the Arellian Nursery School graduation were some of the bigger events of the summer that BSCR organised or were a part of. Numbers Supported 30 families STET/Moving upltransitions program The Moving Up programine is part of the Belfast South Early intervention Project and is managed by Aimee. It aims to enhance self-esteem, emotional resilience, wellbeing and confidence amongst children and ilieir parents witli the transitions process at key stagcs in their leaming at primary and post primary schools. The Moving Up programme has been designed to help make transition as smooth as possible, providing support covering issues such as how young people can be impacted by transition and the challcngcs they may face. In March 2020 our sessions in schools stopped due to the pandemic, and did not resume until September this year, and we are now back in 8 schools delivering mindfulness and other programs into these schools. Coment Program Delivered by BSCR and lead by Nicki Sproule, coment is a mentoring programme that aims to work with young people between the age of l6 -24 wlio are not in employinent or education. It is a one to one mentoring service that supports young people to make positive steps forward in all aspects of their life but in particular into finding further training, education or work experieiice. Numbers involved. 12 Clients Study Support and GCSE programs The Study Support program is managcd by Nicki Sproul and is funded by Children in Need and provides young people who are of secondary school age (11-18) the opportiinity to work I to I with University Students on their acadeinic work. Pupils are match¢d with a student, who has experience in a subject the young persoii feels tliey need supported in. The GCSE program is also managed by Nicki Sproule and funded by BCC and consists of targeted classes in both community setting and schools. The program is aimed at pupils who need extra support prior to their GCSE Maths and English exams. The pupils are split into small groups and are taught by a fully qualified teachers who are assisted by a classroom assistantlmentor. How has the pandemic affected these projects? Initially both study support and GCSE programs were halted due to lock down, but both have now resumed. Numbers involved. GCSE- 100 Study support- 30
Belfast South Communi Resources ort of the Trustees for the Year Ended 31 March 2023 Home work Club The homework club is managed by Chloe and is funded by Urban Villages. It provides homework support for primary school pupils and is based in SRCC. 30 Digital Connect South Digital Connect South is managed by Jonny and funded for the most part by Urban Villages. The Project aims to bring together members of the south Belfast community to tak¢ part in activities using digital creative equipment and software. Participants will be fully supported by experienced staff to design aiid create a variety of items through both accredited and bespoke workshops. Tlie project aiills to reduce isolation, build confidence, encourage good relalions, upskill and support participaiits who wish to progress into further training and employment in this area. The project will also explore how the digital revolution can bring the proud Inanufacturing tradition of Belfast back to life. This year saw us working on a range of different projects Throughout the summer holidays over 300 people took part in digital based activiti¢s with BSCR. These projects gave the participants the opportunity to develop their digital skills and try new and creative activities that help promote good wellbeing. Connect Digital South supported 4 and 5 year olds in their STEM knowlcdgc through our STEM day for wec uns. This project Iielped promote friendships and collaboration through Lego, Green screen picture making and much more. Our traditional Geek week was changed to different digital days to allow different children to take part in the project, due to Covid regulations. photography and street Art project saw 26 young people developing new photography skills and exploring our city. In addition tlie older group desigiied and created a new positive mural williin Sandy Row. Gaming and digital fabrication gave participants from across the South Belfast Area the chance to come together and play games and digitally fabricate a range of different products together. 80 young people from the charter Youth club, were able to try a range of different digital activities through out tlie suinmer, including T-shirt and lioodie fabrication aiid 3 D design. Our Inaugural Beach Football competition saw young people as a team design and fabricate their own personalised kit for the beach football tournament. This helped to give the young people an insight on how sports clubs kits are designed and fabricated. 5 young people are currently working through tlieir OCN in digital fabrication and have developed a range of CAD and CAM skills. The next quarter sees us going back into schools and youth clubs, we have developed a rang¢ of new projects for primary and secondary aged people. Wee ones do STEM Wee on¢s do STEM, is a pilot project that focuses on promoting and developing young people's digital & STEM based skills. The project will focus on practical and explorative lessons over 5 sessions and is tailored to p l-p3 pupils. The project will look to use Lego, iPads, music and digital fabrication to foster a love for STEM.
Belfast South Communi Resources ort of the Trustees for the Year Ended 31 March 2023 Tech your Health Tech your Health aims to support and promote healthier lifestyles for participants by helping them understand Inore about their own mental, physical & social wellbeing. Tliis will be dclivcred through a range of practical workshops centred on digital and physical activities that the participants wouldn't normally get the chance to do. Number involved in Digital programs 800 Education and Youth Education and youth is managed now managed by Chloe and funded by Dfc. Raising educational attainment levels is a top priority for BSCR. The corc aim of the work is to raise attainment levels across Ihe education spectrum for children and young people experiencing disadvantage and exclusion through poverty, and social, emotional and behavioral difficulties. The innovation of the BSCR'S Education Initiatives lies in their wraparound support approach tliat is inclusive of parents and fainilies, building on the existing work in thc local area. We deliver a service which is very Inuch based on need, it's delivered in the local community by people who care about the needs of our young people. Physi¢21 and Economic Regeneration. Physical and Economic Regen¢ration is Inanaged by Nikki and Garnet (on top of their other roles withiii BSCR) and is funded by DFC. BSCR continues to work with other social partners on the regeneration of oiir local area. Gilpins is still a priority, but as you all know we have been let down of late by the otlier Pllrtiiers involved in this project and we don't know if and when it will happen. BSCR Continues to take the lead on this and several other regenerational capital projects within Sandy Row. We are also working on plans for a cultural café on the old Enas site 92-94 Sandy Row and the wee rubies site. We still believe that that new transport hub has the potential to be a game changcr for SR, and as such we are continuing to work with all the relevant bodies to ensure that we as a community receive maximum benefit. We are glad to report that the hub now has planning pcrmission and the time allowed for JRS has now passed. Wc are continuing to work with the forum on all aspects of the development including expected disruptions and employm¢nts prospects. Economic Sustainability BSCR have been supported by a number of funders for its core work and projcct development this year. We would like to acknowledge and thank our funders. they are all listed in our audited accounts, but l think a special mention should go to DFC, BCC and Uvs for their continued support. We will always require grant funding and it is right that central government should continuc to resource some of the work we do but it is the ultimate goal of BSCR to establish a position wher¢ cor¢ activities are self-funded through our own activitics. This report illustrates the many services, activities and projects offered by BSCR as I said in the beginning they represent only a small proportion of what we do and I recommend that you follow our activiti¢s on the web site.
Belfast South Communi Resources ort of the Trustees or the Year Ended 31 March 2023 OBJECTIVES AND ACTIVITIES Public benefit (l) The public benefits that flow from the purposes of advancing education, employment and training, relieving poverty, iinproving social welfare and addressing economic and physical dercliction are (i) enhanced educational attainment, transferable skills, capabilities and capacities and improved potential to secure employment. (li) increased self-awareness, confidence and resilience and the developmcnt of social and communication skills and abilities and an enlianced sense of purpose and fulfilment (iii) reduction in unemployment, hardship and povcrty, leading to a better quality of life for the beneficiaries and consequent improvements in their health and w¢ll-b¢ing' (iv) enhanced knowledge about setting up social enterprises, resulting in increased levels of employment and better prospects of sustainable development. (v) improved environmental conditions, leading to a reduction in stress and anxiety and improvements in people's well-being. (2) The public benefits that flow from the purpose of preserving and protecting health are (i) improved mental, physical and emotional well-being, leading to reduced hardship, stress and anxiety. (li) improved self-care and self-help strategies. (iii) increased skills, knowledge and capacity to make healthier lifestyle choices. (iv) positive behavioural change ainong young people. (v) greater access to advice and iiiforination relating to health issues. (3) The public benefits that flow from the purpose of providing and assisting in thc provision of facilities in the interests of community development are (i) increased opportunities to engage in new activities that bring people together, leading to greater social cohesion, improvements in Iiealih and fitness, well-being and fulfilinent. -(ii) enhanced activity, engagement and participation in social activities by the beneficiaries, leading to improvement in their well-being, quality of li fe and greater social cohesion. -{iii) enhanced accessibAIity (o free or affordable facilities and amenities. (4) The public benefits that flow from the purpose of proinoting all or any objects for the bcncfit of the inhabitants are - (i) increased efficiency and effcctiveness of the community and voluntary organisations that use Bclfast South Community Resources, facilities, resulting in enhanced outcomes and servic¢ d¢liv¢ry and, consequently, ali improved quality of life for those wlio benefit from the work of these organisations- -([]) greater access to relevant and accurate information. -(iii) raised awareness aiid understanding of, and empathy with, people from ethnic minorities or other religions, cultures and beliefs, leading to greater social cohesion, reduction in tension and conflict. -(iv) reduction in crime and anti-social behaviour and gr¢at¢r feelings of safety within the Goinmunity. The ben¢ficiari¢s are the general public - These benefits can be evidenced through: monitoring records kept by BSCR and other agencies of the numbers of those who have successfully completed training cours¢s- independent evaluations of the activities and impact of BSCR and of other local community and voluntary organisations. the findings of community surveys" and f¢edback from the beneficiaries. No harni or private benefit arises from these purposes. The trustees are fully aware of the guidelines from the Charity Commission for Northern Ircland to comply witli the Charities Act(NI) 2008, and believe they are operating entirely within thos¢ guidelines.
Belfast South Communi Resourees Re ort of the Trustees for the Year Ended 31 March 2023 FINANCIAL REVIEW The company had net outgoing resources for the year of £44,676 (2022.. net Incoming resources of £1,684), which reflected the completion of a number of projects carried out during the year. Unrestricted funds increased £18,888 whilst Restricted funds decreased by £63,564. This has been a another strange year, we seem to have seen off Covid-19 only to have it replaced by a cost of living crises, and who can tell what the coming year will bring. Sandy Row has and continues to face major economic, social, physical and cultural challenges. Job losses, lower incomes, rising prices and lack of job opportunities for young people are all continuing to have an impact on local people, posing a strain on individuals, families and communities. BSCR remains committed to finding ways to support the community in this time of deepening economic crises, by both short term measures such as the fuel voucher scheme but also by expanding our educational programmes to aid our young people gain the qualifications they need to succeed in this increasing complex and technical world. In the past year we have developed and delivered ¢xc¢ptional programmes across the fields of education, physical and economic regeneration, employment and training, cominunity confidence and safety. Working in partnership with a range of local people, business leaders, elected representatives, coinmunity organisations, statutory and public agencies we have delivered programmes and projects which have resultcd in positive change iii our community. However, we could always do more so If you feel there is soinething we are inissing then I would you to come in to meet with the teain any time. It is difficult in a short report to capture all the detail of our work over the past year, so I invite you to visit our website www.bscr.co.uk, where you will meet our staff and read about our work and view the Inany photos, short films etc., we have developed which will hopefully give you an insight into our achievements and partnership working. Quite simply, we would accomplish little without the professionalisin of our small but highly dedicated staff team and Board members. I wholeheartedly acknowledge tlie coinmitment made by thcin over the past year. All of this work would be impossible without the support of our fundcrs and donors who continue to invest in making Sandy Row a better place, in particular DFC, Urban Villages, CIN and BCC who provide core funding to the group. It is this core funding which has made everything else you read about in this report possible. The ethos of BSCR is all about the community and the great pcoplc who make it what it is. I hope we can continu¢ to ensure people are looked after right through this crisis and that our community, (indeed communities throughout Belfast) become even stronger and closer than ever before.
Belfast South Communi Resources ort of the Trustees for the Year Ended 31 March 2023 FUTURE PLANS 92194 Sandy Row (Eans) has been approved, the funds arc in place, and we expect to purchase the building in the first Iialf of the next financial year. We will then appoint a design team and work on the plans for Ihe new build to include the cultural cafe and three apartments. The business plan for the digital/arts hub which will be situated on the derelict land next to our offices at 1491151 Sandy Row has been approved and we are working on the funding package for this project. We are continuing to expand the digital fabrication suite and are looking at ways that we can free up additional space to enable this to happen. Our Digital program into local schools has been a major success and will be a continued focus of our work going forward. Siinilarly, the pand¢mic has taught us that local children suffered a great deal of mental stress as a result of th¢ lock downs, in reaction to this we hav¢ employed and re-trained several staff in order to be able to deliver an enhanced mindfulness program both in hous¢ and into local schools. BSCR continued to host the Parents group in 2021 and we don't see that changing in 2022 we are therefore developing Inor¢ and eiihanced program for this group. The exam centr¢ has also been a tremendous success and we hav¢ in many ways out grown the space we can dedicate to this social enterprise within the centre. Going forward we plan to build a dedicated exam centre within the new digital hub and to continue to expand this element of BSCR with the goal of making BSCR as self-sustaining as possible. Our transitions programs and are GCSE programs are both back to full capacity and we plaii to continue and expand the area of our work. Indeed going forward we see the main focus of BSCR as becoiniiig more cantered on the educational and training needs of local children. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a liinited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees The Cliarity follows an appraisal process to identify the skills required for the Trustee Board and to identify any skills gap oil the Board. Members of the Trustee Board receive a full induction programm¢ on joining the Trustee Board and thcreaftcr receive ongoing training and briefing sessions.Thc board coinpletes an annual evaluation of its effectiven¢ss. Actions arising froin this process are intcgrated into the corporate workplan. The Trustec Board uses open recruitment and strives to ensure that th¢re is adequate local representation on the Trustee Board. The trustees delegatc the day to day running of BSCR to that of Garnet Busby - Manager. EVENTS SINCE THE END OF THE YEAR Inforn]ation relating to events since the end of the year is given in the notes to th¢ financial statements. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Belfast South Coinmunity Resourccs for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland
Belfast South Communi Resources ort of the Trustees for the Year Ended 31 March 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued Company law requires the trustees to prepare financial statements for eacli financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of thc charitable company for that period. In preparing those financial stateinents, the trustees are required to select suitabl¢ accounting policies and then apply them consistently. obscrv¢ the methods and principles in the Charity SORP. make judgements and estimates that are reasonable aiid prudent. prepar¢ the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the cliaritable company and to enable thein to eiisure that the financial statements comply with the Coinpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitics. In so far as the trustees are aware: there is no relevant audit inforniation of which tlie cliaritable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inforniation and to establish that the auditors are aware of that information. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of thc Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 25 May 2023 and signed on its behalf by.. Stephen Wilson - Trustce 10
ort of the Inde endent Auditors to the Trustees and Members of Belfast South Communi Resources Opinion We have audited the financial statements of Belfast South Community Resources (the 'charitable company,) for the year ended 31 March 2023 which comprise tlie Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to Ihe financial statements, including a summary of significant accounting policies. The financial reporting framework that lias been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including financial Reporting Standard 102 'The financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicabl¢ law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements s¢ctioii of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statemeiits in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities. in the circumstances set out in note 19 to the financial statem¢nts, and w¢ have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stateineiits, we have concluded that the trustces, use of the going coiicern basis of accounting in the preparation of the financial stateinents is appropriate. Based on the work we have performed, we have not identified any material unccrtainti¢s relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's abi lity to continue as a going concern for a period of at least twelve months from wlien the financial statcm¢nts are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
ort of the Inde endent Auditors to the Trustees and Members of Belfast South Communi Resources Other information The trustees are responsible for the other inforination. The other ir]formation comprises the information iiicluded in the Annual Report, other than the financial statements and our Report of the Independent Auditors thercon. Our opinion on the financial statements does not cover the other information and, except to tlie extent otlierwise explicitly stated in our report, we do not cxpress any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforination and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a Inaterial misstatement in the financial stateinents theinselves. If, based on the work we have performed, we conclude tliat there is a material Inisstatement of this oth¢r inforination, we are required to report that fact. We have nothing to report in tliis regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based oli the work undertaken in the course of the audit.. the information given in the Report of tlie Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Report of the Trustees has beeii prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records Iiave not been kept or returns adequate for our audit have not been r¢cciv¢d from branches not visited by us; or the fiiiancial statements are not in agreeinent with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the informatioii and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the r¢quirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees A5 ¢xplain¢d more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the Charitable company for the purposes of company law) 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 tlie trustees determine is necessary to enable the prcparation of financial stateinents tlial are frec from material misstatement, wliether due to fraud or ¢rror. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intcnd to liquidate th¢ charitable company or to cease operations, or have no realistic alternative but to do so. 12
ort of the Inde endent Auditors to the Trustees and Members o Belfast South Communi Resources Our responsibilities for the audit of the financial statements Our objectives are to obtain reasoiiable assui-aiice about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors tliat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise froin fraud or error and are considered material 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 arc capable of detecting irregularities, including fraud is detailed bclow.. As part of an audit in accordaiice with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also'.- Identify and assess the risks of material misstatement of the financial stateiments, whctli¢r due to fraud or error, design and perforin audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrcpresentations, or the override of intemal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstanccs, but not for the purpose of expressing an opinion on tlie ¢ffectiv¢ness of the charities internal control. Evaluate the appropriaten¢ss of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of tlie going concern basis of accounting and based on the audit evidence obtained, whether a Inaterial unccrtainty exists related to events or conditions that may cast sigiiificant doubt on the charities ability to continue as a going concern. If we coiiclude that a material uncertainty exists, we are r¢quired to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are bascd on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures and whether the financial statements represent the underlying transactions and ¢vcnts in a manner that achieves fair presentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Indepcnd¢nt Auditors. 13
ort of the Inde endent Auditors to tbe Trustees and Members of Belfast South Communi Resources 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 the Companies Act 2006. Our audit work has been undertaken so that we might state to the haritable company's members those matters we are required to state to them iii an auditors, report and for no other purpose. To the fullest cxtent permitted by law, we do not accept or assume rcsponsibility to anyonc other than the charitable company and the charitable company's meinbers as a body, for our audit work, for this report, or for th¢ opinions we have formed. Alistair Wells (Senior Statutory Auditor) for and on behalf of Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE 25 May 2023 14
Belfast South Communi Resources Statement of Financial Activities Incor oratin an Income and Ex for the Year Ended 31 March 2023 enditure Account 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 220 220 3,173 Charitable activities Grants Receivable 1,426 500,518 501,944 556,079 Other trading activities Envestment income 36,779 32,457 36,779 32,457 47,186 33,348 Total 70,882 500,518 571,400 639,786 EXPENDITURE ON Charitable activities Direct Charitable Expenditure Governance 48,609 3,385 562,748 1,334 611,357 4,719 633,641 4,461 Total 5l,994 564,082 616,076 638,102 NET INCOMEI(EXPENDITURE) 18,888 (63,564) (44,676) 1,684 RECONCILIATION OF FUNDS Total funds brought forward 389,769 785,366 1,175,135 1,173,451 TOTAL FUNDS CARRIED FORWARD 408,657 721,802 1,130,459 1,175,135 The notes form part of these financial statements 15
Belfast Suuth Communi Resources Statement of Financial Position 31 March 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets 12 721,700 769,809 CURRENT ASSETS Debtors Cash at bank 13 91,776 339,706 158,885 256,018 431,482 414,903 CREDITORS Amounts falling due within one year 14 (22,723) (9,577) NET CURRENT ASSETS 408,759 405,326 TOTAL ASSETS LESS CURRENT LIABILITIES 1,130,459 1,175,135 NET ASSETS 1,130,459 1,175,135 FUNDS Unrestricted funds Restricted funds 16 408,657 721,802 389,769 785,366 TOTAL FUNDS 1,130,459 1,175,l35 These financial statements have beeli prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2023 and were signed on its bchalf by= William Robinson - Truste¢ /]/- / Stephen Wilson - Trustee The notes form part of th¢s¢ financial statements 16
Belfast South Communi Resource5 Statement of Cash Flows for the Year Ended 31 March 2023 31.3.23 31.3.22 Notes Cash flows from operating activities Cash generated from operations Tax paid 83,427 43 (62,253) Net cash provided by/(used in) operating activities 83,470 (62,253) Cash flows from investing activitie5 Interest received 218 40 Net cash provided by investing activities 218 40 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 83,688 (62,213) 256,018 318,231 Cash and cash equivalents at the end of the reporting period 339,706 256,018 The notes form part of these financial statements 17
Belf25t South Communi Resources Notes to the Statement of Cash Flows for the Year Ended 31 March 2023 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.23 31.3.22 Net (expenditure)lincome for the reporting period (as per the Statement of Fin2nci81 Activities) Adjustments for: Depreciation cliarges Interest received Decrease/(increase) in debtors Increase in creditors (44,676) 1,684 48,109 (218) 67,109 13,103 48,109 (40) (115,591) 3,585 Net cash provided by/(used in) operations 83,427 (62,253) ANALYSIS OF CHANGES IN NET FUNDS At 114122 Cash flow At 3113123 Nct cash Cash at bank 256,018 83,688 339,706 256,018 83,688 339,706 Total 256,018 83,688 339,706 The notes form part of these financial statements 18
Belfast South Communi Resources Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements (a) General information and basis of preparation Belfast South Cominunity Resources is constituted as a company liinited by guarantee incorporated in Northern Ireland (N1053950). In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per Ineinber of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepar¢d in accordancc with Accounting and Reporting by Charittes.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102), the Financial Reporting Standard applicable in tlie United Kiiigdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, thc Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.. The significant accounting policies applied in the preparation of these financial statcmcnts arc set out below. Thesc policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been dcsignatcd for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and adininistering such funds are cliarged against the specific fund. The aiin and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Slatement of Financial Activities (SOFA) when th¢ charity is legally entitled to the iiicoine after any performance conditions hav¢ been met, the amount can be measured reliably and it is probable that the income will be received. 19 continued..
Belfast South Comnjuni Resources Notes to Ihe Financial Statements- continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then incoine is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probabl¢ that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in tl)e Statement of Financial Activities (SofA) when receivable. Incoine received froin collections is recognised when received. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding ainount is re¢ogniscd in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of tlie charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be dislributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Incoine froin trading activitics includes income earned froin fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is r¢cognis¢d when entitleinent has occurred. The charity receives government grants which are detailed within tli¢ notes to these financial stateinents. Income froin government and other grants arc recognised at fair value when tli¢ charily lias entitlement after any performance coiiditions have been In¢t, it is probabl¢ that the incoine will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. (d) Expenditure recognition All expenditure is accounted for on an accruals basis, inclusive of VAT whicli cannot b¢ recovered and has been classified under headings that aggregate all costs related to the category. Exp¢nditure is recognis¢d where there is a legal or constructive 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. It is categorised under the following headings.. Costs of raising funds includes the costs associated with attracting voluntary incomes; Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its b¢n¢ficiarics. It includes both costs that can be al located directly to such activitics and thos¢ costs of an indircct natur¢ necessary to support them- and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arosc. 20 continu¢d...
Belfast South Communi Resources Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Grants payable to third partics are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. (c) Support costs allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, adininistrative payroll costs. They are incurred direclly in support of expenditure on the objects of the cliarity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raisiiig funds and expenditure on charitable activities on a basis consisteiit with use of the resources. Premises overheads have been allocated on an insert detail basis and other overlieads liave been allocated on a basis consistent with the use of resources. Fund-raisiiig costs are those iiicurred in seeking voluiitary contributions and do not include the costs of disseminating inforination in support of th¢ charitable activities. (D Tangible fixed assets Tangible fixed assets are statcd at cost less accumulatcd depreciation and accumulatcd iinpairineiit losses. Cost includes costs directly attributable to making the asset capable of operatiiig as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful lif¢ as follows: Buildings Fixtures & Fittings 4% Straight Line l 0% Straight Linc (g) Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to th¢ contractual provision of the instrument. Basic financial instruments are initially recognised at th¢ amounts receivable or payable including any related transaction costs. Curr¢nt assets and current liabilities are subsequently ineasured at the cash or other consideration ¢xp¢cted to b¢ paid or relived and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, thc investment is subsequently measured at fair value with changes in fair value recognised in income and cxpenditure. All other such investinents are subsequently measured at cost less impairment. 21 continued...
Belfast South Communi Resources Iyotes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an assct is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value with any changes recogniscd in the statement of financial activities, with the exceptioii of hedging instruments in a designed hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objectiv¢ evidence of impainnent at the end of each reporting date. if there is objective cvidencc of iinpairment an impainnent loss is rccogiiised uiider tlie appropriate heading in thc statement of finaiicial activities in which the initial gain is recognised. For all equity instruments regardless of significance, and other financial assets that are individually sigiiificant, these are assessed individually for impairmcnt. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impainnent are recogniscd immediately, to the extent that the reversal does not result in a carrylng amount of the financial asset that exceeds what the carrying amount would have been had the iinpairment not previously been recognised. (h) Impairment Assets not Ineasured at fair value are rcviewcd for any indication that the assct may be impaired at each balance sheet date. If such indication exists, tli¢ recoverable amount of the asset, or the asset's cash generating unit, is estimated and comparcd to the carrying ainount. Where the carrying ainount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. (i) Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probabl¢ that an outflow of economic benefits will be required in scttlcment and the amount can be reliably estiinated. (i) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected us¢ful life of the asset. Minimum lease payinents are apportioned between the finance charge and the reduction of the outstanding lease liability using th¢ effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivablc under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Tax No provision is required for taxation as th¢ company is defined as a charity for taxation purposes. 22 continued...
Belfast South Communi Resources Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES- continued Basis of preparing the financial Statements The charity is a registered charity and so such is entitled to certain tax exeinptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. (l) Going concern The finaiicial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditur¢ for 12 Inontlis from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. (m) Judgements estimates The following judgements including those involving estimates that have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements aiid tl)at have a sigiiificant risk of causing a material adjustineiit to the carrying amounts of assets and liabilities within the next financial year.. (i) depreciation method and asset useful lives The estimates and assumptions are r¢viewed on an ongoing basis considering the current and future market conditions. Taxation The charity is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of tlic charity's priinary objectives, if these profits and surpluses are applied solely for charitablc purposes. Fund accounting Th¢ coinpany has various types of funds for which it is responsible and which require separate disclosure. A definition of the various types of funds is as follows.. Restricted funds Funds received which are eannarked by the donor for specific purposes. Such purposes are within the overall aims of the company. Unrestricted funds Funds which are expendabl¢ at the discretion of the directors which have been designated for specific purposes in furtherance of the objects of the charity 23 continued.-.
Belfast South Communi Resources Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2023 DONATIONS AND LEGACIES 31.3.23 31.3.22 Donations 220 3,173 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Room Hire Test Centre Fee income HMRC- CJRS 5,940 30,839 1,531 39,995 5,660 36,779 47,186 INVESTMENT INCOME 31.3.23 31.3.22 Rents received Deposit account interest 32,239 218 33,308 40 32,457 33,348 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 Grants Receivable 31.3.22 Total activities Grants 501,944 556,079 Grants received, included in the above, are as follows: 31.3.23 31.3.22 Department for Communities - DFC CFNI Big Lottery Fund CRC Children in Need Public Health Agency Belfast City Council/NIHE - Good Relations small grants Coment Belfast City Council - Revenue Grant Belfast City Council - Summer Scheme Urban Villages Belfast City Council - Diversionary Project 159,823 5,062 198.870 9.800 2,044 31,674 5,456 5,628 12,075 18,000 4,832 189,929 2,964 1,971 10,478 4,820 6.883 13,889 18,000 160,748 4,338 Carried fonvard 386,012 481,272 24 continued..-
Belfast South Communi Resources Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2023 INCOME FROM CHARITABLE ACTIVITIES- continued 31.3.23 31.3.22 Brought forward Transitions West Belfast Partnership Board - GCSE Belfast City Council - Covid Grant Radius Housing Belfast City Council - Voucher Scheme Co Operation Ireland Covid Grant South City 386,012 84,223 7,000 481,272 53,860 7,859 1,800 2,133 21,150 9,364 1,924 1,426 501,944 556,079 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 7) Support costs (see note 8) Totals Direct Charitable Expenditure Governance 611,357 611,357 4,719 4,719 611,357 4,719 616,076 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.23 31.3.22 Staff costs Rent & rates Insurance Light and heat Teleplioiie Printing. postage & stationery Tutor Costs Office Sundries Trav¢lling & Meeting expenses Sundry Donations Repairs & maintenance Exam Fees IT Costs Programme Support & Materials Cleaning Aftcr School Teacher Staff Training Hardship Fund Vouch¢rs Project Cost - Miscellaneous 320,623 4,087 3,256 11,145 3,663 1,758 16,135 403 300 405 11,898 7,157 2,535 1,900 1,264 1,768 720 21,050 148.753 302,345 1,013 3,090 7,852 2,959 8,195 76 4,054 10,041 63,785 1,100 180,039 Carried forward 558,820 584,555 25 continued...
Belfast South Communi Resources Notes to the Financial Statements- continued for the Year Ended 31 March 2023 DIRECT COSTS OF CHARITABLE ACTIVITIES- continued 31.3.23 31.3.22 Brought fonvard Refunded to DFC Funder Depreciation 558,820 4,428 48,109 584,555 977 48,109 611,357 633,641 SUPPORT COSTS Governance costs Governance 4,719 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(crcditing): 31.3.23 31.3.22 Audit Fees Depreciation owned assets 1,000 48,109 720 48,109 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the ycar ended 31 Marcli 2023 nor for the year ended 31 March 2022. 11. STAFF COSTS 31.3.23 31.3.22 Wages and salaries Social security Costs Other pension costs 298,886 19,621 2,116 282.208 18,192 1,945 320,623 302,345 The average monthly number of employees during the year was as follows: 31.3.23 14 31.3.22 14 Management and Administration 26 continued...
Belfast South Communi Resources Notes to the Financial Statements - continued for the Year Ended 31 March 2023 11. STAFF COSTS - continued No employees received cmoluments in excess of £60,000. The key management personnel of the charity comprise of the Chief Executive and Senior management team. The salaries paid to key manageinent personnel being the Chief Executive, Programme Manager and Operations Manager, during ihe year totall¢d £107,384. (2022: £99,811). 12. TANGIBLE FIXED ASSETS Fixtures and fittings Land and buildings Totals COST At l April 2022 and 31 March 2023 915,685 114,818 1,030,503 DEPRECIATION At l April 2022 Charge for year 205,076 36,627 55,618 11,482 260,694 48,109 At 31 March 2023 241,703 67,100 308,803 NET BOOK VALUE At 31 March 2023 673,982 47,718 721,700 At 31 March 2022 710,609 59,200 769,809 On 25 November 2016, Belfast South Community Resources entered into a Debenture with Tlie Executive Office in relation to the property at 127-145 Sandy Row. The nature of the charge is as security for the obligations of the coinpaiiy to repay the financial assistance it received from The Social Investment Fund (SIF). 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 GCSE Urban Villages DSD - Running Costs Transitions Prepayments 7,000 77,378 235 7,000 163 119,033 39,852 91,776 158,885 27 continued.
Belfast South Communi Resources Notes to the Financial Statements- continued for the Year Ended 31 March 2023 14. CREDITORS: AMOUNTS FALLING DUE WITHIN OINE YEAR 31.3.23 31.3.22 Vat Account Accruals and deferred income 2,110 20,613 2,067 7,510 22,723 9,577 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities 721,700 721,700 431,482 (22,723) 769,809 414,903 (9,577) 430,367 (21,710) (1,013) 408,657 721,802 1,130,459 1,175,135 16. MOVEMENT IN FUINDS Net movemeiit in funds At 3113123 At 114122 Unrestricted funds Gcneral fund 389,769 18,888 408,657 Restricted funds Department for Communities - DFC Big Lottery - Awards for All (Capital) CRC SIF -CAPITAL Bclfast City Council - Revenuc Grant Radius Housing Department for Communities - Capital 14,500 6,212 1,057 713,254 (14,500) (1,035) (1.057) (37,005) 37 65 (10,069) 5,177 676,249 37 65 40,274 50,343 785,366 (63,564) 721,802 TOTAL FUNDS 1,175,135 (44,676) 1,130,459 28 continued...
Belfast South Communi Resources Notes to the Financial Statements- continued for the Year Ended 31 March 2023 16. MOVEMENT IN FUNDS - continued Net movement in fuiids, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds Geiieral fund 70,882 (51,994) 18,888 Restricted funds Department for Communities - DFC Children in Need CFNI Big Lottery - Awards for All (Capital) CRC Public Health Agency Belfast City CounciltNIHE- Good Relations small grants SIF -CAPITAL Coment Belfast City Council - Revenue Grant Urban Villages Belfast Cily Council - Diversionary Project Traiisitioiis West Belfast Partnership Board - 159,823 10,478 5,062 (174.323) (10,478) (5,062) (1,035) (3,028) (4,820) (14,500) (1,035) (1,057) 1,971 4,820 6,883 (6,883) (37,005) (13,889) (17,963) (160,748) (37,005) 13,889 18,000 160,748 37 4,338 84,223 (4,338) (84,223) 7,000 2,133 (7,000) (2,068) (10,069) Radius Housing Department for Communities - Capital Belfast Clty Council - Voucher Scheme 65 (10,069) 21,150 (21,150) 500,518 (564,082) (63,564) TOTAL FUIYDS 571,400 (616,076) (44,676) 29 continued...
Belfast South Communi Resources Notes to the Financial Statements - Continued for the Year Ended 31 March 2023 16. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 3113122 At 114121 Unrestricted funds General fund 320,138 69,631 389,769 Restricted funds Department for Commuiiities - DFC Big Lottery - Awards for All (Capital) CRC SIF-CAPITAL Department for Coinmunities - Capital 35,395 7,247 (20,895) (1,035) 1,057 (37,005) (10,069) 14,500 6,212 1,057 7l3,254 50,343 750,259 60,412 853,313 (67,947) 785,366 TOTAL FUNDS 1,173,451 1,684 1,175,135 30 continued...
Belfast South Communi Resources Notes to the Financial Statements- continued for the Year Ended 31 March 2023 16. MOVEMENT IN FUNDS - eontinlled Comparative net movement in funds, included in the above are as follows: Incoining resources Resources expended Movement in funds Unrestricted funds General fund 83,707 (14,076) 69,631 Restricted funds Department for Communities - DFC Children in Need Big Lottery - Awards for All (Capital) Big Lottery Fund CRC Public Health Agency Belfast City Council/NIHE - Good Relations small grants SIF -CAPITAL Comcnt Belfast City Council - Revenue Grant Belfast City Council - Summer Scheme Urban Villages Belfast City Council - Diversionary Project Transitions West Belfast Partnership Board - GCSE Belfast City Council - Covid Grant Department for Communities - Capital Belfast City Council - Voucher Scheme Co Operation Ireland - Covid Grant 198,870 31,674 (219,765) (31,674) (1,035) (9,800) (987) (5,456) (20,895) (1,035) 9,800 2,044 5,456 1,057 5,628 (5,628) (37,005) (12,075) (18,000) (4,832) (189,929) (37,005) 12,075 18,000 4,832 189,929 2,964 53,860 (2,964) (53,860) 7,859 1,800 (7,859) (1,800) (10,069) (10,069) 9,364 1,924 (9,364) (1,924) 556,079 (624,026) (67,947) TOTAL FUNDS 639,786 (638,102) I,684 31 continued...
Belfast South Communi Resources Notes to the Financial Statements- continued for the Year Ended 31 Mareh 2023 17. CONTINGENT LIABILITIES A contingent liability exists to repay grants rcceived should certain conditions not be fulfilled by the charity. 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2023. 19. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 20. POST BALANCE SHEET EVENTS There were no Events after the reporting period therefore no material issues need disclosed. 21. WINDING UP Every member of the Company undertakcs to contribute to the assets of the Company, in the event of the saine being wouiid up while it is a member, or within onc ycar after it ceases to bc a In¢inber, for payment of tlic debts and liabilities of the Company contracted beforc it ceases to bc a incmber, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's among themselves, such amount as may be required not exceeding one pound. 22. SHARE CAPITAL The Company is Limited by Guaranlee and has no Share Capital 23. COVID-19 The trustees continue to monitor the impact of Covid 19. The trustees believe there is no adjusting events to report after the reportiiig date. Tlie trustees will continue to monitor the situation closely to secure the viability of the organisation. 32
Belfast South Communi Resources Detailed Statcment of Financial Activities for the Year Ended 31 Mareh 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donations and legacies Donations 220 3,173 Other trading activities Room Hire Test Centre Fee income HMRC- CJRS 5,940 30,839 1,531 39,995 5,660 36,779 47,186 Investment income Rents received Deposit account interest 32,239 218 33,308 40 32,457 33,348 Charitable activities Grants 501,944 556,079 Total incoming resources 571,400 639,786 EXPENDITURE Charitable activities Wages Social security Pensions Rent & rates Insurance Light and heat Telephone Printing, postage & stationery Tutor Costs Office Sundrics Travelling & Meeting expenses Sundry Donations Repairs & maintenance Exam Fees IT Costs Programme Support & Materials Carried forward 298,886 19,621 2,116 4,087 3,256 11,145 3,663 1,758 16,135 403 300 405 11.898 7,157 2,535 1,900 385,265 282,208 18,192 1,945 1,013 3,090 7,852 2,959 8,195 76 4,054 10,041 63,785 403,416 This page does not form part of the statutory financial statements 33
Belfast South Communi Resources Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 Charitsble activities Brought forward Cleaning After School Teacher Staff Training Hardship Fund Voucher5 Project Cost - Miscellaneous Refunded to DFC Funder Depn of Land & Buildings Depn of Fixtures & Fittings 385,265 1,264 1,768 720 21,050 148,753 4,428 36,627 11,482 403,416 1,100 180,039 977 36,627 11,482 611,357 633,641 Support costs Governance costs Audit Fees Bank Fees Accountancy fees 1,000 555 3,164 720 498 3,243 4,719 4,461 Total resources expended 616,076 638,102 Net (expcnditure)lincome (44,676) 1,684 This page does not form part of the statutory financial stateinents 34