Belfast Civic Trust Limited IA company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024 The trustees, who are also the directors for the purFrf)ses of the Companies Act 2006. present their annual report tog8ther with the financial statements of the Belfast CNIC Trust Limited for the Year Ended 31 January 2024. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing Document Belfast Civic Trust Limited is a company limited by guarantee and does not have share capital. It is govemed by ts Memorandum of Articles of Association. The liability of each member is limited to an amount rK)t exedIng £1. The Trust is also a registered charity. charity number 102456. Method of appointment or election of trustees The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed. The trust88s during the reported year were: Davtd Fllnn Patrtcia Moorhead Organisatlonal structur• and decision making Non8 of the trustees have any beneficial interest in the company. Decisions at General Meetings shall be made by passing ordinary resolutions requiring a simple majonty of rnembers present and voting. Objectives and activities and Public Benefit The ptinciple objectiv8 is to promote presèrvati¢)n of the build environment largely wthin Belfast. This is achleved by educating the publtc in the need for protection of building sand architeciural value and importanc8. Achlevernent and p•rf¢nnance. The trustees are satisfied with the results for the year and the yearnd position of the company. Finan¢lal revlew. The net increase in resources for the year amounted to £486 which was debited to fijnds broL5ght forward. Total funds (xrried forwarthat'the yearnd amounted to £2.804. The results for the yeqr are set out in the income and expendiiure account Plans for the future The trustees will continue to promote the objectives of the charity in future years. Going GonGern After making the appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this rèason, they continue to adopt the going conrn basis in preparing the financial statements.
B•lfast Civic Trust Limitsd (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024 {contlnued) Rlsk managem•nt The trust&88 have assessed the major risks to which the company is exposed, in particular those related to the operations arKI finance of the company and are satisfied that systems are in ptace to mitigate exposure to these major risks. Reserves pollcy In relation to financial planning the Trustees strive to achieve a goal to provide a cash operating reserve of not less than 90 days operating fvnds at the financial year end. Funds are retained in order to provide sufficient worklng capital to facilitate ongoing activiti&s. Funds held as custodian No funds are held as custodian. R•sponsibllltl•s of the trustees The trustees {who are also dir8ctors for the purposes of Company L¥w) are resp)nsible for preparlng the trustees, report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdcts"ce) Company law requires th8 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitale company as at the balance sheet date and of its inwming resources and application of resources. Including income and expenditure for the financial year. In preparing those financlal ststements, the directo should follow best practice and.. Select suitable accounting prJlir.ip8 and then ap[Y them eonsist8ntly Obs8rve the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent, and Presume that the charitable company will continu8 in operation. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable company and to enable them to ensure that the financial statements comply wth the Companies Act 2CrfJ6. The trustees are also responsible for safeguarding the assets of th8 charitable company and hence for taknng reasonable steps for the prevention and detection of fraud and other irregularities. Small ¢ompany provisions This rewrt has been prepafe"d Eh accordanee the small company's regime under the CompaDies Act 20.06. This report was approved by the trustses on ................... . and signed on its behalf by: David Flinn TrusteelDirector Patricia Moorhe TrusteelDirector