Company Company Registration Registration number: number: NI601755 N1601755 Charity Charity Registration Registration number: number: 102456 102456
Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee) Unaudited Unaudited Annual Annual Report Report and and Financial[Financial] Statements Statements For For the the Year Year Ended Ended 31[31] January January 2026 2026
Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee)
INDEX INDEX TO TO THE THE ACCOUNTS ACCOUNTS
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|Page|Page|
|Reference|Reference|and|[and]|administrative|[administrative]|details|[details]|-|1|1|
|Report|Report|of|[of]|the|the|Trustees|Trustees|2-3|2-3|
|Independent|Independent|Examiners|Examiners|report|report|4|4|
|Statement|Statement|of|of Financial|Financial|Activities|Activities|5|5|
|Balance|Balance|Sheet|[Sheet]|6|6|
|-.Notes|Notes|[to]|to|the|the|financial|[financial]|statements|statements|7-9|
|The|The|following|following|pages|pages|do|do|not|not|form|form|part|[part]|of|[of]|the|the|financial|[financial]|statements:|[statements:]|
|Statement|Statement|of|[of]|financial|[financial]|activity|activity by|by fund|[fund]|10|10|
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Reference Reference and. and Administrative Administrative[details] details
Belfast Belfast Civic[Civic] Trust Trust Limited Limited (A (A company company limited[limited] by by guarantee) guarantee)
Charity Charity name name Belfast Belfast Civic[Civic] Trust Trust Limited Limited Charity Charity registration registration number number 102456 102456 Company Company registration registration number number NI601755 N1601755 Office The Gate Lodge 511 511 Ormeau Ormeau Road Road Office The Gate Lodge Belfast Belfast BT7 BT7 3GS 3GS
Office Office Registered Registered Office[Office]
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|---|---|---|---|---|---|---|---|
|126|126|Eglantine|[Eglantine]|Avenue|Avenue|
|Belfast|Belfast|
|BT9|BT9|6GEU|6EU|
|William|William|David|David|McKee|McKee|Flinn|[Flinn]|
|Patricia|Patricia|Jean|Jean|Moorhead|Moorhead|
|Patrick|Patrick|Greer|Greer|
|Angelique|Angelique|Bell|[Bell]|
|Maureen|Maureen|Boyle|Boyle|
|Philip|Philip|Lee|Lee|
|Patricia|Patricia|Mcintosh|McIntosh|
|Daphne|Daphne|McClements|McClements|
|John|John|Smylie|[Smylie]|
|Fergus|Fergus|Bell|Bell|
|John|John|Crabbe|Crabbe|
|Billy|Billy|Dixon|Dixon|
|Joanne|Joanne|Morton|[Morton]|
|Rosemary|Rosemary|Johnston|[Johnston]|
|Brian|Brian|Walker|Walker|
|Malachi|Malachi|O’Doherty|O'Doherty|
|A|[McLean]|
|A103|103|McLean Cregagh|Cregagh|Road|Road|
|Belfast|Belfast|
|BT6|BT6|8PY|8PY|
|A|A|&|&|L|L|Goodbody|Goodbody|
|Lesley|Lesley Tower|Tower|
|4246|42-46|Fountain|Fountain|Street|[Street]|
|Belfast|Belfast|
|BT1|BTI|5EF|5EF|
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- Board Board of of Trustees Trustees
Trust Trust Management Management Group Group
Accountant Aecountent SOLICTORS SOLICTORS
PRINCIPAL PRINCIPAL BANKERS BANKERS
First First Trust[Trust] Bank Bank 11-15 11-15 Donegall Donegall Square Square North North Belfast Belfast BT1 BTI 5GB 5GB
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Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee)
REPORT REPORT OF OF THE TRUSTEES THE TRUSTEES FOR[FOR] THE THE YEAR[YEAR] ENDED[ ENDED] 31 .31 JANUARY[JANUARY] 2026[2026]
The The trustees, trustees, who[who] are are also[also] the[the] directors[directors] for[for] the[the] purposes purposes of[of] the[ the] Companies Companies Act[Act] 2006,[2006,] present present their[their] annual annual report[report] together together with with the the financial financial statements statements of of the the Belfast Belfast Civic[Civic] Trust Trust Limited Limited for for the the Year Year Ended Ended 31 31 January January 2026. 2026.
STRUCTURE, STRUCTURE,GOVERNANCE GOVERNANCE AND[AND] MANAGEMENT[MANAGEMENT]
Governing Goveming Document Document
Belfast Belfast Civic[Civic] Trust[Trust] Limited[Limited] is[is] a a company company limited[limited] by[by] guarantee guarantee and[and] does does not[not] have have share share capital.[capital.] It[It] is[is] governed[governed] by[by] its[its] Memorandum Memorandum of[of] Articles Articles of Association.[of] Association. The The liability[liability] of[of] each[ each] member member is[is] limited[limited] to[to] an an amount[amount][ not] not exceeding exceeding £1. El. The The Trust[Trust] is[is] also[also] a a registered[registered][ charity,] charity, charity[charity] number number 102456.[102456.] Method Method of of appointment appointment or or election[election] of trustees[of] trustees The The management management of[of the] the company company is[is] the[the] responsibility responsibility of[of] the[ the] trustees trustees who who are are elected[elected] and[and] co-opted co-opted under[under] the[the] terms terms of of the the Trust Trust deed. deed. The The trustees trustees during[during] the[the] reported reponed year year were: were: David David Flinn Flinn Patricia Patricia Moorhead Moorhead
Organisational Organisational structure structure and and decision[decision] making making
None None of[of the] the trustees trustees have have any any beneficial beneficial interest[interest] in[in] the[the] company. company. Decisions[Decisions] at[at] General[General] Meetings[Meetings] shall[shall] be[be][ made] made by[by]
passing passing ordinary ordinary resolutions resolutions requiring requiring a a simple simple majority[majority] of[of] members members present present and[and] voting.[voting.] Objectives Objectives and and activities activities and and Public Public Benefit Benefit The The principal[principal] objective objective is[is] to[to] promote[promote] preservation[preservation] of[of] the[ the] build[build] environment[environment][ largely] largely within[within] Belfast.[Belfast.] This[This] is[is] achieved achieved by by educating educating the the public public in[in] the the need need for[for] protection protection of[of] building building sand sand architectural architectural value value and[and] importance.[importance.] Achievement Achievement and and performance. performance.
The The trustees trustees are are satisfied satisfied with[with] the[the] results results for[for] the[the] year year and[and] the[the] year-end[year-end] position[position] of[of] the[ the] company. company. Financial Financial review. review. The The net net decrease decrease in[in] resources resources for[for] the[the] year year amounted[amounted] to[to] (£20)[(É20)] which[which] was was credited[credited] to[to] funds funds brought[brought] forward.[forward.] Total[Total] funds carried funds carried forward[forward] at[at] the[the] year-end[year-end] amounted[amounted] to[to] £2,719.[E2,719.] The[The] results results for[for] the[the] year year are[are][set] set out[out] in[in] the[the] income[income] and[and] expenditure expenditure account. account. Plans Plans for for the the future future The The trustees trustees will[will] continue[continue] to[to] promote[promote] the[the] objectives objectives of[of the] the charity[charity] in[in] future[future] years. years.
Going Going concern concern
After After making making the the appropriate appropriate enquiries, enquiries, the the trustees trustees have have a a reasonable reasonable expectation[expectation] that that the the company company has[has] adequate adequate resources resources to[to] continue[continue] in[in] operational[operational] existence existence for[for] the[the] foreseeable foreseeable future.[future.] For[For] this[this] reason, reason, they[they] continue[continue] to to adopt adopt the the going going concem concern basis basis in in preparing preparing the the financial financial statements. statements.
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Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee) REPORT REPORT OF OF THE TRUSTEES THE TRUSTEES FOR FOR THE THE YEAR[YEAR] ENDED[ENDED] 31[31] JANUARY[JANUARY] 2026[2026] (continued)[(continued)]
Risk Risk management[management] The The trustees[trustees] have have assessed assessed the[the] major major risks risks to[to] which[which] the[the] company company is[is] exposed, exposed, in[in] particular particular those those related[related] to[to] the[the] operations operations and[and] finance finance of[of the] the company company[and] and are are satisfied satisfied that[that] systems systems are[are] in[in] place[place] to[to] mitigate[mitigate] exposure exposure to[to] these[these] major major risks.[risks.] Reserves Reserves policy policy
In In relation relation to to financial financial planning planning the the Trustees Trustees strive[strive] to[to] achieve achieve a a goal goal to[to] provide provide a a cash cash operating operating reserve reserve of[of not] not less less than than 90 90 days days operating operating funds funds at at the[the] financial financial year year end.[end.] Funds Funds are are retained[retained] in[in] order order to[to] provide provide sufficient sufficient working[working] capital capital[to] to facilitate facilitate ongoing[ongoing] activities. activities. Funds Funds held[held] as as custodian custodian No No funds funds are are held[held] as as custodian.[custodian.]
Responsibilities Responsibilities[of the] of the trustees[trustees]
The The trustees[trustees][(who] (who are are also[also] directors directors for[for] the[the] purposes purposes of[of] Company[ Company] Law) Law) are[are] responsible[responsible][ for] for preparing preparing the[the] trustees’[trustees']
report report and and[the] the financial financial statements statements in[in] accordance accordance with[with] applicable[applicable] law[law] and[and] United[United] Kingdom Kingdom Accounting Accounting Standards[Standards] (United (United Kingdom Kingdom Generally Generally Accepted Accepted Accounting Accounting Practice) Practice) Company Company law[law] requires requires the[the] trustees trustees to[to] prepare prepare financial financial statements[statements][for] for each[each] financial[financial] year year which[which] give[give] a[a] true[true] and[and] fair[fair] view view[of the] of the state state of[of] affairs[affairs][of the] of the charitable charitable company company as as at[at] the[the] balance[balance] sheet sheet date[date][ and] and of[of] its[its] incoming incoming resources resources and and application application of[of] resources. resources. Including Including income income and[and] expenditure expenditure for[for] the[the] financial financial year. year. In[In] preparing preparing those those financial financial statements, statements, the the directors directors should should follow follow best[best] practice practice and:[and:] — Select Select suitable suitable accounting accounting policies policies and[and] then[then] apply apply them them consistently consistently — Observe Observe the[the] methods methods and[and] principles principles in[in] the[the][Charities] Charities SORP SORP — Make Make judgements judgements and[and] estimates estimates that[that] are[are] reasonable[reasonable][ and] and prudent,[prudent,] and[and] — Presume Presume that[that] the[the][charitable] charitable company company will[will] continue[continue] in[in] operation.[operation.] The The trustees[trustees] are are responsible[responsible] for[for] maintaining maintaining proper accounting proper accounting records records which[which] disclose[disclose] with[with] reasonable[reasonable accuracy] accuracy at[at] any any time[time] the[the] financial[financial] position[position] of[of the] the charitable[charitable] company company and[and] to[to] enable[enable] them[them] to[to] ensure ensure that[that] the[the] financial[financial] statements[statements] comply comply[with] with the[the] Companies Companies Act[Act] 2006.[2006.] The[The] trustees[trustees] are[are] also[also] responsible[responsible] for[for] safeguarding[safeguarding] the[the] assets[assets] of[of the] the
charitable charitable company company and[and] hence[hence] for[for] taking[taking] reasonable[reasonable][ steps] steps for[for] the[the] prevention[prevention][ and] and detection[detection] of[of fraud] fraud and[and] other[other] irregularities. irregularities.
Small Small company company[provisions] provisions
This This report report has has been[been] prepared prepared in[in] accordance accordance with[with] the[the] small[small] company’s[company's] regime[regime] under[under] the[the] Companies[Companies] Act 2006.[Act][2006.]
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This This [report] report was was approved approved by [by] the [the] trustees [trustees] on on ht . mani 222 24 | . and and signed signed on on its its behalf behalf by: [by:]
[Medoanok,]
“DoT.David David Flinn Flinn Phi CaPatricia Patricia [ine] Moorhead Moorhead
Trustee/Director Trustee/Director Trustee/Director Trustee/Director
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Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee) INDEPENDENT INDEPENDENTEXAMINER'S EXAMINER’S REPORT REPORT TO TO THE THE TRUSTEES TRUSTEES FOR FOR THE YEAR ENDED THE YEAR.ENDED 31[31] JANUARY[JANUARY] 2026[2026]
I | report report on on the the financial financial statements statements of of the the company company for for the the year year ended ended 31 31 January January 2026 2026 set set out out on on pages pages 5-10 5-10 Respective Respective responsibilities responsibilities of of trustees trustees and and examiners. examiners.
-
The The trustees trustees (who (who are are also also directors directors for[for] the the purposes purposes of of company company law) law) are are responsible responsible for for the the preparation preparation of of the the accounts accounts in[in] accordance accordance with with the the Companies Companies Act Act 2006. 2006. Having Having satisfied satisfied myself myself that[that] the the company company is[is] not not subject[subject] to[to] an an audit audit under under company company law,[taw,] and and is[is] eligible eligible for[for] independent independent examination, examination, it[it] is[is] my my responsibility[responsibility] to: to: * • examine examine the[the] accounts[accounts] under[under] section[section] 65[65] of[of] the[ the] Charities Charities Act[Act] • * follow follow the the procedures procedures laid laid down down in in the the general general directions directions given given by by the the Charity Commission Charity Commission for for Northern Northern Ireland Ireland under under section section 65(9)(b) 65(9)(b)[of] of the the Charities Charities Act,[Act,] and and
-
• e — state state whether whether any any particular[particular] matters matters have have come come to[to] my my attention attention
Basis Basis[of] of independent independent examiner's examiner’s report report
| I have have examined examined your your company company accounts accounts as as required required under under section section 65 65 of of the the Charities Charities Act Act and and my my examination examination was was carried carried out out[in] in accordance accordance with with the the general[general] directions[directions] given[given] by by the[the] Charity Charity Commission Commission of[of Northern] Northern Ireland Ireland under under section section 65(9)(b) 65(9)(b) of[of] the the Charities Charities[Act.] Act.
My My examination examination included included a a review review of[of] the the accounting[accounting] records records kept kept by by the the company company and and a a comparison comparison of[of] the the accounts accounts presented presented with with those those records. records. It[It] also also included included consideration[consideration] of[of] any any unusual unusual items items or or disclosures disclosures in[in] the the accounts accounts and and seeking seeking explanations explanations from from you you as as trustees trustees concerning concerning such such matters. matters.
- My My role role is[is] to[to] state state whether whether any any[material] material matters[matters] have[have] come come to[to] my my attention attention giving[giving] me me cause cause to[to] believe:[believe:] e that that accounting accounting records records were were not not kept kept in in accordance accordance with with section section 65 65 of of the the Charities Charities Act, Act, e that that the the accounts accounts do do not not accord accord with with those those accounting accounting records, records, e that that the the accounts accounts do do not not comply comply with with the the accounting accounting requirements requirements of of the the Charities Charities Act, Act, e that that there there[is] is further further information information needed needed for[for] proper proper understanding understanding of[of] the the accounts accounts to[to] be be reached.[reached.]
Independent Independent examiner’s examiner's statement statement
I | have have completed completed my my examination examination and and have have no no concerns concerns in in respect respect of of the the matters matters listed listed above above and, and, in in connection connection with with following following the the Directions Directions of of the the Charity Charity Commission Commission for[for] Northern Northern Ireland,[Ireland,][I] | have have found found no no matters matters that[that] require require drawing drawing to to your your attention. attention.
fleZZZ Andrew Andrew McLean[McLean] FCCA[FCCA] 103 103 Cregagh Cregagh Road Road Belfast Belfast BTE BT6 8PY 8PY
itm mace 2 Date Date
4 4
Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee) Statement Statement of[of] Financial[Financial] Activities[Activities] Incorporating Incorporating Income Income and and Expenditure Expenditure for for the[the] year year ended[ended] 31[31] January[January] 2026[2026]
| Unrestricted Unrestricted |
Total Funds Total Funds |
Total Funds Total Funds |
||
|---|---|---|---|---|
| Note Note |
Funds Funds |
2026 2026 |
2025 2025 |
|
| Incoming Resources Incoming Resources |
||||
| Voluntary Income Voluntary Income |
2 2 |
375 375 |
375 375 |
290 290 |
| TotalIncome Total Income |
375 375 |
375 375 |
290 290 |
|
| Resources Expended Resources Expended |
||||
| Expenditureon Charitable Expenditureon Charitable |
||||
| Activities Activities |
3 3 |
395 395 |
395 | 355 |
| TotalResources Expended Total Resources Expended |
395 395 |
395 395 |
355 355 |
|
| Net Movement in Funds NetMovement in Funds |
(20) (20) |
(20) (20) |
(65) (65) |
|
| Reconciliation of Funds Reconciliation ofFunds |
||||
| TotalFunds Brought Forward Total Funds Brought Forward |
2,739 2,739 |
2,739 2,739 |
2,804 2,804 |
|
| Total Funds Carried Forward TotalFundsCarriedForward |
2,719 2,719 |
2,719 2,719 |
2,739 2,739 |
All All incoming resources incoming resources and and resources resources expended expended derive[derive] from from continuing continuing activities. activities.
The The[Charity] Charity has[has] no no recognised recognised gains gains or or losses[losses] for[for] the[the] year year other[other] than[than] the[the] results results above. above.
The The notes notes on on pages pages 7[7] to[to] 10 10 form[form] part of part[of] these these financial financial statements. statements.
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Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee) Balance Balance Sheet Sheet as as at[at] 31[31] January January 2026[2026]
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2026|2026|2025|2025|
|Notes|Notes|£|z|
|Current|Current|[assets]|assets|
|Cash|Cash|[at]|at|bank|bank|and|[and]|[in]|in|hand|[hand]|3,069|3,069|3,059|3,059|
|Creditors|Creditors|
|Amounts|Amounts|falling|falling|due|[due]|within|within|one|one|year|year|7|7|(350)|(350)|(320)|(320)|
|Net|Net|current|current assets|assets|2,719|2|719|2,739|2, 739|
|Net|Net|assets|assets|2,719|2|719|2,739|2,739|
|Total|Total|funds|funds|[of the]|of the|Charity|[Charity]|
|Unrestricted|Unrestricted|funds|funds|2,719|2,719|2,739|2,739|
|Total|Total funds|funds|2,719|2,719|2,739|2,739|
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For For the[the] financial financial year year ended ended 31 31 January January 2026, 2026, the the company company was was entitled[entitled] to[to] exemption exemption from from audit[audit] under under section[section] 477 477 of[of the] the Companies Companies Act Act 2006 2006 relating[relating] to[to] small small companies. companies. The The members members have have not not required required the the charity charity to[to] obtain obtain an an audit audit of of its its accounts accounts for for the the year year in[in] question question in[in] accordance accordance with with section section 476 476 of[of] the the Companies Companies Act Act 2006 2006
The The[trustees/directors] trustees/directors acknowledge acknowledge their[their] responsibilities responsibilities for[for] complying complying with[with] the[the] requirements requirements of[of the] the
Companies Companies Act Act 2006 2006 with[with] respect respect to[to] accounting accounting records records and[and] the[the] preparation[preparation] of[of] financial financial statements statements
These These accounts accounts have have been been prepared prepared in[in] accordance accordance[with] with the[the] provisions[provisions] applicable[applicable] to[to] companies companies subject subject to[to] small[small] companies’[companies'] regime.[regime.]
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The The financial statements financial statements were were approved approved by [by] the [the] Board Board of [of] Trustees Trustees on on 12." [.i."if.a] “and signed signed on on
its its behalf behalf by: by:
in
nerXCF ae Ge:AWS Mer al dusel
David David Flinn Flinn ae Patricia Patricia Moorhead Moorhead
Trustee/Director Trustee/Director Trustee/Director Trustee/Director
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Belfast Belfast Civic Civic Trust Trust Limited Limited {A (A company company limited limited by by guarantee) guarantee)
NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR THE YEAR FOR THE YEAR ENDED ENDED 31[31] JANUARY JANUARY 2026 2026
1. 1. Accounting Accounting policies[policies]
General General Information Information
Belfast Belfast Civic[Civic] Trust[Trust] is[is] a a[private] private company company limited[limited] by[by] guarantee. guarantee. The The company company is[is] incorporated[incorporated] in[in] Northern[Northern] Ireland[Ireland] and and has has company company number number NI601755. N1601755. The The principal[principal] activity activity of of the the company company continued continued to[to] be be to[to] promote promote preservation preservation of of the the built built environment environment largely largely within within Belfast. Belfast.
Basis Basis of of Preparation Preparation of[of] financial financial statements statements The The financial[financial] statements statements have have been been prepared prepared in[in] accordance accordance with with Accounting Accounting and and Reporting Reporting by by Charities:[Charities:] Statement Statement of of Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standards Standards applicable applicable in in the the UK UK and and Republic Republic of[of] Ireland Ireland (FRS102) (FRSI 02) (effective (effective 1[1] January 2015) January 2015) —[—] (Charities[(Charities] SORP SORP (FRS102)), (FRS102)), the the Financial Financial Reporting[Reporting] Standard Standard applicable applicable in[in] the the UK UK and and Republic Republic of[of] Ireland Ireland (FRS102) (FRS102) and and the the Companies Companies Act Act 2006. 2006.
Belfast Belfast Civic[Civic] Trust Trust Limited Limited meets meets the the definition definition of[of] a a public[public] benefit benefit entity entity under under FRS102. FRS102. Assets Assets and and liabilities liabilities are are initially initially recognised recognised at[at] historical historical cost cost or or transaction transaction value value unless[unless] otherwise[otherwise] stated stated in[in] the the relevant[relevant] accounting[accounting] policy.[policy.]
The The financial financial statements statements are are presented presented in[in] (£)[(E)] Sterling.[Sterling.]
Company Company Status Status The The company company is[is] a a company company limited[limited] by by guarantee. guarantee. The The members members of[of] the the company company are are the the Trustees Trustees named[named] on on page page 1. 1. In In the the event event of of the the company company being being wound wound up, up, the the liability liability in[in] respect respect of of the the guarantee guarantee is is limited limited to to £1 El per per member member of the of the company. company.
Cash Cash Flow Flow
The The company company[has] has taken[taken] advantage advantage of[of the] the exemption[exemption] in[in] Financial[Financial] Reporting[Reporting] Standard Standard No.[No.] 1[1] from[from] the[the] requirement[requirement] to to produce produce a a cash cash flow flow statement statement on on the the grounds grounds that that it[it] is is a a small small charitable charitable company. company.
Fund Fund Accounting Accounting General General funds funds are are unrestricted unrestricted funds funds which which are are available available for for use use at[at] the the discretion discretion of the[of] the Trustees Trustees in[in] furtherance[furtherance] of[of]
the the general objectives general objectives[of] of the the company company and and which which have have not not been been designated designated for[for] other[other] purposes. purposes.
Income Income
All All income income is[is] recognised recognised once once the tie company company has has entitlement entitlement to[to] the the income, income, it[it] is[is][probable] probable that that the the income income will will be be received, received, and and the the amount amount of[of] income income receivable[receivable] can can be be measured measured reliably. reliably. Donated Donated services services or or facilities[facilities] are are recognised recognised when[when][the] the company company has[has] control[control] over over the[the] item, item, any any conditions conditions associated associated with[with the] the donated[donated] item[item] have have been[been] met,[met,] the[the] receipt[receipt] of[of][ the] the economic economic benefit[benefit] from[from] the[the] use use of[of] the[ the] company company of of the the item item is is probable probable and and the the economic economic benefit benefit can can be be measured measured reliably. reliably. In In accordance accordance with with the the Charities Charities SORP SORP
(FRS102), (FRS102), the the general general volunteer volunteer time time of[of ] the the members members is[is] not not recognised recognised and and refer refer to[to] the the Trustees Trustees report report for[for] more more information information about about their their[contribution.] contribution.
On On receipt, receipt, donated donated professional professional services services and and donated donated facilities facilities are are recognised recognised on on the the basis[basis] of[of][ the] the value value of[of] the[ the][ gift] gift to to the the company company which which is is the the amount amount the the company company would would have have been been willing willing to[to] pay pay to[to] obtain obtain the the services services or or the the facilities facilities of of equivalent equivalent economic economic benefit benefit on on the the open open market:[market:] a a corresponding[corresponding] amount amount is[is] then[then] recognised recognised in[in] the the
period period of of receipt.[receipt.]
7 7
Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee), guarantee), NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR THE YEAR FOR THE YEAR ENDED ENDED 31[31] JANUARY JANUARY 2026[2026]
Income Income tax tax recoverable[recoverable] in[in] relation relation to[to] donations[donations] received received under under Gift Gift Aid Aid or or Deeds Deeds of[of] Covenant Covenant is[is] recognised recognised at[at] the[ the] time time of[of] the the donation. donation. Income Income tax tax recoverable[recoverable] in in relation relation to to investment investment income income is is recognised recognised at at the the time time the the investment investment income income is[is] receivable. receivable.
Expenditure Expenditure
Expenditure Expenditure is is recognised recognised once once there there is is a a legal legal or or constructive constructive obligation obligation to[to] transfer transfer economic economic benefit benefit to[to] a a third third party, party,[it] it is[is] probable[probable] that[that] a a transfer[transfer] of[of] economic economic benefit[benefit][ will] will be[be] required[required] in[in] settlement[settlement] and[ and] the[the] amount amount of[of] the[ the] obligation[obligation] can can be[be] measured measured reliably.[reliably.] Expenditure[Expenditure] is[is] classified[classified] by[by] activity.[activity.][ The] The costs[costs] of[of] each[ each] activity[activity] are[are] made[made] up up of[of] the[ the] total[total] of of direct direct costs costs and and shared shared costs,[costs,] including including support support costs costs involved involved in in undertaking undertaking each each activity. activity. Direct[Direct] costs costs attributable attributable to to a a single single activity activity are are allocated allocated directly directly to to that that activity. activity. Share Share costs costs which which contribute contribute to[to] more more than than one one activity activity are are[apportioned] apportioned between between those those activities activities on on a a basis[basis] consistent[consistent] with with the the use use of[of] resources. resources.
Central Central staff staff costs costs are are allocated allocated on on the the basis[basis] of[of] time[time] spent, spent, and and depreciation[depreciation] charges[charges] allocated[allocated] on on the[the] portion[portion] of[of] the the asset’s asset's use. use. Governance Governance costs costs are are those those incurred incurred in in connection connection with with administration administration of of the the company company and and compliance compliance with[with constitutional] constitutional and[and] statutory[statutory] requirements.[requirements.] Costs[Costs] of[of] generating[generating] funds[funds] are[are] costs[costs] incurred[incurred] in[in] attracting[attracting] voluntary voluntary income, income, and and those those incurred incurred in[in] trading trading activities activities that[that] raise[raise] funds. funds. Charitable Charitable activities activities and and governance governance costs costs are are costs costs incurred incurred on on the the company’s company's educational[educational] operations,[operations,] including[including] support support costs costs and and costs costs relating relating to[to] the the governance governance of[of] the the company company apportioned[apportioned] to[to] charitable charitable activities. activities.
Interest Interest Receivable[Receivable]
Interest Interest on on funds funds held held on on deposit deposit is is included included when when receivable receivable and and the the amount amount can can be be measured measured reliably reliably by by the the company: company: this[this] is[is][normally] normally upon upon notification[notification] of[of] the[the] interest[interest] paid[ paid] or[or] payable[ payable] by[by] the[the] bank.[bank.]
Debtors Debtors
Trade Trade and and other[other] debtors[debtors] are are recognised[recognised] at[at] the[the] settlement[settlement] amount amount after[after] any any trade[trade] discount[discount] offered.[offered.] Prepayments[Prepayments] are are valued valued at[at] the[the] amount amount prepaid[prepaid] net[net] of[of] any any trade[trade] discount[discount] due.[due.]
Cash Gash[at] at bank bank and and in[in] hand hand
Cash Cash at[at] bank bank and and in[in] hand hand includes includes cash cash and[and] short[short] term term highly[highly] liquid[liquid] investments[investments] with[with] a a short[short] maturity[maturity] of[of] three[three] months months or or less tess from from the the date[date] of[of] acquisition[acquisition] or or opening opening of[of] the deposit[ the][deposit ] or or similar similar account.[account.]
_ Liabilities Liabilities and and provisions provisions
Liabilities Liabilities are are recognised recognised when when there there is[is] an an obligation obligation at[at] the the balance balance sheet sheet date[date] as as a a result result of[of] a a past[past] event,[event,] it[it] is[is] probable probable that[that] a a transfer transfer of[of] economic economic benefit benefit will will be be required required in[in] the the settlement, settlement, and and the the amount amount of[of] the the settlement[settlement] can can be[be][estimated] estimated reliably.[reliably.] Liabilities[Liabilities] are[are] recognised[recognised] at[at] the[the] amount[amount] the[ the] company company anticipates[anticipates] it[it] will[will] pay[pay] to[to] settle[settle] the[the] debt debt or or the the amount amount it it has has received received as as advanced advanced payments payments for[for] the the goods goods or or services services it[it] must must provide.[provide.] Provisions[Provisions ] are are measured measured at[at] the[ the] best estimate[best][estimate][of] of the[ the] amounts[amounts] required[required] to[to] settle[settle] the[the] obligation.[obligation.]
Financial Financial instruments instruments
The The company company only enters only enters into into basic[basic] financial[ financial] instrument[instrument transactions] transactions that[that] result[result] in[in] the[the] recognition[recognition] of financial[of][financial] assets[assets] and and liabilities liabilities like[tike] trade[trade] and and other[other] accounts accounts receivable[receivable][ and] and payable,[payable,] loans[loans] from[from] banks[banks] and[and] other[other] third[ third] parties.[parties.]
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Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited limited by by guarantee) guarantee) NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31.JANUARY 31 .JANUARY 2026 2026
2. 2. Income Income from from Charitable Charitable activities activities
| Unrestricted Funds Unrestricted Funds |
Total Funds 2026 TotalFunds 2026 |
. | TotalFunds 2025 TotalFunds 2025 |
|
|---|---|---|---|---|
| £ | £ | £ | ||
| Charitable activity Charitable activity |
||||
| Subscriptions Subscriptions |
265 265 |
265 265 |
140 140 |
|
| Walking Tours Walking Tours |
110 110 |
110 4110 |
150 150 |
|
| Ticket Sales Ticket Sales |
- | - | - | |
| Other Income Other Income |
- | - | - | |
| 375 375 |
375 375 |
290 290 |
3. 3. Resources Resources expended expended
| Direct cost Directcost |
Unrestricted Funds Unrestricted Funds |
Total Funds 2026 TotalFunds 2026 |
_—‘ | Total Funds 2025 TotalFunds 2025 |
|---|---|---|---|---|
| £ | £ | £ | ||
| Accountancy Accountancy |
350 350 |
350 350 |
320 320 |
|
| Bankcharges Bankcharges |
45 45 |
45 45 |
35 35 |
|
| 395 ——295_ |
395 | 355 |
4. 4. Trustee' Trustee’ remuneration remuneration
No No trustee trustee received[received] any any remuneration remuneration during[during] the[the] year. year.
- Independent Independent examiner’s[examiner's] remuneration remuneration The The Independent Independent Examiner's Examiner's remuneration remuneration amounts[amounts] to[to] a a fee[fee] of[of] £350[E350] to[to] include[include the] the Confirmation Confirmation Statement[Statement] filed filed with with and and paid[paid] to[to] Companies Companies House House (2025[(2025] - - £320) E320)
6. 6. Taxation Taxation
The The company company is[is] a a registered[registered] charity[charity] and[and] is,[is,] therefore[therefore] exempt[exempt] from[from] taxation.[taxation.]
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Belfast Belfast Civic Civic Trust Trust Limited Limited (A (A company company limited[limited] by by guarantee) guarantee) . NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] JANUARY[JANUARY] 2026 2026
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7. 7. Creditors: Creditors: Amounts Amounts falling falling due due within within one one year year
2026 2026 2025 2025
£ £
Accruals Accruals and [and] deferred [deferred] income [income] 350 350 320 320
8. 8. Statement Statement of [of] funds funds
Brought Brought Income Income Expenditure Expenditure Carried Carried
Forward Forward Forward Forward
Unrestricted Unrestricted funds funds 2,739 2,739 375 375 395 395 2,719 2,719
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- Related Related Party Party Transactions[Transactions] The The charity[charity] is[is] controlled[controlled] by[by] the[the] trustees trustees who[who] are are all[all] directors directors[ of] of the[ the] company. company. There[There] were[ were] no[no] related[related] party[party] transactions. transactions.
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