COMPANY REGISTRATION NUMBER: R0000079
CHARITY REGISTRATION NUMBER: 102621
Belfast City Mission
Company Limited by Guarantee
Financial Statements
29 February 2024
HILL VELLA
Chartered accountants & statutory auditor
22 Great Victoria Street
Belfast
BT2 7BA

Belfast City Mission
Company Limited by Guarantee
Financial Statements
Year ended 29 February 2024
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial position
13
14
Statement of cash flows
15
Notes to the financial statements
16

Belfast City Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 29 February 2024
The trustees, who are also the directors for the purposes of company law, presenl their report and the
financial stalements of the charily for the year ended 29 February 2024.
Reference and admlnlstratlve details
Registered charity name
Belfast City Mission
Charlty registration number
102621
Company reglslrallon number R0000079
Princlpal office and reglstered Belfast City Mission Assembly Buildings
off ice
2-10 Fisherwick place
Belfast
BT16DW
Northern Ireland
The trustees
Mr R Armour
Mr H Thompson
Rev D Bannerman
Mr W Logan
Mr J Douglas
Mr T Irwin
Rev J Maddock
Rev G McKeown
Rev A Smyth
Mr R Woods
(Resigned 1 June 2023}
(Resigned 1 June 2023}
(Resigned 20 July 2023)
Company secrelary
William Logan
Auditor
Hill Vellacott
Chartered accountants & statutory audilor
22 Great Victoria Street
Belfast
BT2 7BA

Belfast City Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 29 February 2024
Slructure, governance and management
Belfast City Mission is a company limited by guarantee and a registered charity. It is legally known for
the promotion ol the gospel of Jesus Christ in Ihe city of Belfasl.
Governing Body
The governing body ol Belfast City Mission is responsible for oversighl of the business and the
Christian ethos of our work.
Governlng Document
The Belfast 'Town' Mission was founded in 1827. The name of the mission changed in 1918 to Belfast
City Mission {Incorporatedl as a Limited Company under the Companies Act 1908 - 1912.
Memorandum and Articles of Association were updated on 2 May 1997.
Appointment ol Governors
Eighteen governors are elected every three years al our annual board meeting in April prior to the
annual meeling of Belfast City Mission.
Management
Responsibiliiy for Ihe day to day running of Ihe Belfast City Mission lies with Ihe executive secretary
along with Ihe superinlendent's board.
Membership or organisalion
A member ol the British Association of City Missions.
Trustees and helpers
All Trustees and helpers in our 16 halls give of their services without payment or expenses.
Objectives and activities
The work of the Belfast City Mission continues wilh the purpose of reaching people from all classes
and creeds with the good news of the gospel. Mission halls in various districts across Belfast hold
meetings which cater for all age groups throughoul the week. Special emphasis is placed on our
midweek and Sunday evening services to proclaim God's Word.
Organisations such as Sunday school, youth clubs, Boys Brigade IBBI, and Girls Brigade {GB}, provide
much of the work done wilh young people. Mums and tots, homework clubs and breakfast clubs are
also popular in some districls as a way of bLsilding relalionships with families.

Belfast City Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating Ihe Director's Report) (continued)
Year ended 29 February 2024
Slrategic report
The lollowing sections for achievements and pertormance and financial review form the strategic
report of Ihe charity.
Achievemenls and performance
The past Iwelve months have seen a number of changes to the staff of Bellast City Mission. Three
long standing missionaries retired and Iwo new missionaries were appointed to the staff. At present
there are several halls still vacant which we hope to have slaffed in the near future.
One hall closed {Canton Street) due lo falling numbers and the need for major capital expenditure on
the premises. The people who attended the hall have been able lo go lo meetings in nearby halls in
Bloomfield drive and in Island street.
Kilburn street hall which was closed last year and Canton street hall will hopefully be markeled for sale
in the near fulure.
With the retirement of the missionary in Jersey street, the board decided to close the hall lor a short
time before reopening again but wilh a different style of ministry. It is hoped that the change will
encourage more opportunities to engage wilh the local community.
The work with refugees and asylum seekers once again increased. Two of our missionaries are
involved with many different strands of ministry as they seek to help some ol the most vulnerable in
society. English classes are provided Iwice weekly, wilh attendances at these meetings often
exceeding per class. Help is also given with filling out forms for housing and benefits.
Many of the halls will seek to provide meals and food parcels for the poorest families in their dislricts.
This has proved a valuable way ol connecting with the elderly and the loneliest people who otherwise
would be struggling.
Our children's work has once again flourished with many missionaries repofling an increase at Sunday
school, youth clubs and the uniformed organisations such as GB and BB. Mums and lots groups are
also popular in some of our distrcits. This is a valuable and rewarding work because it often leads to
stronger family connections wilh the parenls and guardians.
District visitalion {door to door} is one of the mosl effective ways to gel lo know people and to invite
Ihem to the meetings in our halls.
All missionaries are involved in taking funerals. Some of these have been difficult because of the tragic
circumslances particularity with suicides which seems to be increasing.

Belfast City Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (Continued)
Year ended 29 February 2024
Flnancial review
Details ol the results for the period are set out in the statement of financial activities on page 10 and
Ihe related notes.
Investment policy and returns
Belfast City Mission investments are managed by Kleinwort Hambros and Evelyn Partners
Slockbrokers and were valued at £1,691,271 as at 28 February 2024.
During the past financial period, we have receive(J dividend income from these investments totalling
£36.360.
The finance of Belfast City Mission is wholly dependent on voluntary contributions received from
people across the Province. The generosity of these gifts allows the Mission to carry out its work. As
always we are Ihankful for those who continue to support us both prayerfully and praclically.
Our main source of income this year has been our offerings from our Mission Halls and Churches and
individual donations from across Northern Ireland.
Reserves
We need in Ihe region of £600,000 per annum lo keep us afloat, which up until 202312024 we had
received year on year. In 202312024 we received £1,245,069{2022123: £817,415).
At 28 February 2024 the charity held funds 01 £4,423,985. 01 this £3,495,287 can only be realised by
disposing of tangible fixed assels or investmenls.
In 202312024 we are grateful lor the bequests we have received towards our work which increased
significantly on the previous year.
Plans for future periods
As always, we are thankful for the churches, individuals and businesses which support our work
Ihroughout the year. Without their faithful giving and praying ihe work of the Mission would be severely
hindered. Most of all we are grateful for God's gracious hand upon out work and the blessings we have
received.
It is anticipaled that our new work will not be focused primarily on hall based with meeting. A greater
emphasis is being placed on more community oulreach. Co-operation with the local PCI churches is
also key to our future development. Working on joint projecls is more efficient and ¢osl effective for all
involved.
Tax slalus
The company has been accepted as constituting a charity under the provisions of Ihe Taxes Acts.
Delails of the results for the period are set out in the statemenl of financial activities on page 10 and
the related notes.
Inveslment policy and relurns

Belfast City Mission
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 29 February 2024
Belfast City Mission investments are managed by Kleinwort Hambros and Evelyn Partners
Stockbrokers and were valued at £1,691.271 as at 28 February 2024.
During the past financial period, we have received dividend income from these investments tolalling
£36,360.
The finance ol Belfast City Mission is wholly dependent on voluntary contributions received Irom
people across the Province. The generosity of these gifts allows the Mission to carry out its work. As
always we are thankful for those who continue lo support us both prayerfully and practically.
Our main source of income this year has been our offerings from our Mission Halls and Churches and
individual donations from across Northern Ireland.
Reserves
We need in the region 01 £600,000 per annum lo keep us afloat, which up unlil 202312024 we had
received year on year. In 202312024 we received £1.245,069 (2022123.. £817,4151-
Al 28 February 2024 the charity held funds of £4,423,985. Of this £3,495,287 can only be realised by
disposing of tangible fixed assets or investments.
In 202312024 we are grateful for the bequests we have received towards our work which increased
significantly on the previous year.
Plans for future perlods
As always. we are thankful for the churches, individuals and businesses which support our work
throughout the year. Without their faithful giving and praying the work of the Mission would be severely
hindered. Most ot all we are graleful for God's gracious hand upon out work and the blessings we have
received.
It is anticipated that our new work will not be focused primarily on hall based with meeting. A grealer
emphasis is being placed on more community outreach. Co-operation with the local PCI churches is
also key to our future development. Working on joint projects is more efficient and cost effective for all
involved.
Tax slatus
The company has been accepted as constituting a charity under the provisions of the Taxes Acls.
Trustees. responslbililies stalement
The trustees, who are also directors for Ihe purposes of company law, are responsible for preparing
Ihe trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards {United Kingdom Generally Accepted Accounting Practice}.

Belfast City Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conlinued)
Year ended 29 February 2024
Company law requires the charily trustees to prepare financial statements for each year which give a
true and fair view of the slate of affairs of the charitable company and the incoming resources and
application ol resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply Ihem consistenlly.,
observe the methods and principles in the applicable Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any malerial
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless il is inappropriale to presume
Ihat the charity will continue in business.
The Irustees are responsible for keeping adequate accounting records that are sutticient to show and
explain the charily's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure thal the financial statements comply with Ihe
Companies Act 2006. They are also responsible for safeguarding the assels of the chariiy and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularilies.
Audltor
Each of the persons who is a trustee at the date of approval of this report conlirms that=
so far as they are aware, there is no relevant audit informalion of which the charity's auditor is
unaware; and
they have taken all steps that they ought to have taken as a trustee lo make themselves aware of
any relevant audit information and to establish Ihat the charity's audilor is aware of that
information.
A resolution to reappoint Hill Vellacott as auditors will be proposed at the forthcoming Annual General
Meeting.
The truslees, annual report and the strategic report were approved on 29 October 2024 and signed on
behalf ol Ihe board of trustees by-
Mr H Thompson
Trustee
Mr W Logan
Trustee

Belfast City Mission
Company Limited by Guarantee
Independenl Auditor's Report to the Members of Belfast City Mission
Year ended 29 February 2024
Opinion
We have audited the financial statements of Bellast City Mission (the 'charitl} for the year ended
29 February2024 which comprise the stalement of financial aclivilies (including income and
expenditure account), statement of financial position. statement of cash flows and the related notes,
including a summary ol significant accounting policies. The financial reporting framework Ihat has been
applied in their preparation is applicable law and Uniled Kingdom Accounting Slandards, including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Uniled Kingdom
Generally Accepted Accounting Practicel-
In our opinion the linancial statements:
give a Irue and fair view of the state ol the charitls affairs as at 29 February 2024 and of its
incoming resources and application of resources, including its income and expendilure, lor the
year then ended.,
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting
Practice-
have been prepared in accordance wilh the requirements of the Companies Act 2006 and the
Charilies Act (Northern Ireland) 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}l and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for Ihe audit ol the financial slatemenls seclion of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant lo our audit of Ihe financial
statements in the UK, including the FRC'S Ethical Standard, and we 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 relallng to going concern
In auditing the linancial statements, we have concluded that the trustees, use of the going concern
basis of accounling in the preparation of the financial stalements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
evenls or conditions that, individually or collectively, may cast significant doubt on the charity's ability to
continue as a going concern for a period of at least ￿e1ve monlhs Irom when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the truslees wilh respect to going concern are described
in the relevant sections of this report.

Belfast City Mission
Company Limiled by Guarantee
Independent Auditor's Report to the Members of Belfast Cily Mission (contlnued)
Year ended 29 February 2024
Olher information
The other information comprises the information included in the annual report, other than Ihe financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial slalements does not cover the other information and, except to the extent
othe￿iSe explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audil of the financial statements, our responsibility is to read the other
inlormation and, in doing so, consider whether the other information is materially inconsislent with the
financial statements or our knowledge obtained in the audit or olherwise appears to be malerially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the linancial statements or a
material misstatement of the other information. If. based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinlons on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course ol the audit:
the informalion given in the trustees, report for the financial year for which the financial
statements are prepared is consistent wilh the financial statements- and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exceptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audil, we have nol identified material misstalements in the trustees, report.
We have nothing to report in respect of the following matters in relation lo which Ihe Companies Act
2006 and the Charities Act {Northern Ireland) 2008 requires us to report to you if, in our opinion..
adequale accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us- or
the financial slatements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneralion specified by law are not made., or
we have nol received all the information and explanalions we require for our audit.

Belfast City Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of Belfast City Mission (continued)
Year ended 29 February 2024
Responslbilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes ol company law) are responsible for the preparation of the financial
slatements and for being salisfied that they give a Irue and fair view, and for such internal control as
the trustees determine is necessary io enable the preparation of financial statements that are Iree from
malerial misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible lor assessing the charity'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 intend to liquidate the charity or to cease
operations, or have no realistic alternalive but to do so.

Belfast City Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of Belfast City Mission (continued)
Year ended 29 February 2024
Auditor's responsibililies for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether Ihe financial slatements as a whole
are free from material misslatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS {UKI will always detect a material misstatemenl when il
exists. Misstatements can arise Irom fraud or error and are considered malerial if, individually or in the
aggregale, they could reasonably be expecled to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
Our approach was as follows..
We obtained an underslanding of the legal and regulatory frameworks thal are applicable to the charity
and detertnined thal Ihe most significant are those that relate to-
Ihe charitable status ol the charity and its registration with The Charity Commission for Northern
Ireland under the Charities Act (Northern Ireland) 2008-
compliance with the Charities SORP IFRS 1021 (second edition - October 20191 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 ol Ireland {FRS 1021 (effective 1 January 2019)-
data protection laws (including UK General Data Proteclion Regulation {GDPRII.
Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud
We assessed the risks of material misstatement in respect ol fraud with the consideration of-
the charity's own assessment ol the risks that irregularities may occur either because of fraud or
error that was approved by the truslees.,
the results of our enquiries of management and the trustees about their own identification and
assessment of the risks of irregularities-
any matters we idenlified having oblained and reviewed the charity's documentation of their
policies and procedures relating lo..
idenlifying, evaluating and complying with laws and regulations and whether they were
aware of any instances ol non-compliance.
detecting and responding lo the risks of fraud and whether they have knowledge of any
actual, suspected or alleged Iraud,.
the internal controls established to mitigate risks ol fraud or non-compliance with laws and
regulations., and
the matters discussed among the audit engagement team regarding how and where fraud
10

Belfast City Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of Belfast City Mission (contlnued)
Year ended 29 February 2024
might occur in the financial slatements and any potential indicators of fraud.
Auditors response and procedures to the risks identified
Based on the results of our risk assessment we designed our audii procedures to identify non-
compliance with such laws and regulations idenlified above.
we considered the opportunities and incentives that may exist within Ihe charity for fraud and
identified Ihe grealest potenlial for fraud in the areas of the controls covering the application of
funds to the restricted purposes specified by the funders and in which management is required to
exercise significant judgment, such as disclosure of adjusting items. In common with all audits
under ISAS (UKI, we are also required to perform specific procedures to respond lo the risk ol
management override.
we also oblained an understanding of the legal and regulalory framework thal the Charity
operates in. focusing on provisions ol those laws and regulations thal had a direct effecl on the
determinalion of material amounts and disclosures in the linancial statements. The key laws and
regulations we considered in this context included Nl Charity legislation (including the regulator,
The Charities Commission for Northern Ireland) and the Chariiy SORP.
we made enquiries of management and Ihose charged with governance and reviewed minutes of
the Trustee's meetings and enquired about any communications wilh Ihe charity regulator.
Audit procedures designed to respond to the risks of fraud
we considered the risk of fraud through transaclions outside the normal course of transactions by
noting anything that was unusual in nature or size and enquired about such transaction to gain an
understanding of their nature.,
based on the results of our risk assessment we designed our audit procedures to identify and lo
address material misstatements in relation to fraud and olher irregularities.
we reviewed the operation of the controls within the charity over expenditure in general and of the
allocation ol expendilure to the restricled funds and the segregation of duties wilhin those
controls, together with substantive testing and ana1￿ICal review and incorporaling an element of
unpredictability in the selection of the nature. timing and extent of audit procedures.
we evaluated the selection and applicalion of accounting policies by the charity, particularly those
related to subjective measurements, that may be indicalive ol fraudulent financial reporting.
11

Belfast City Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of Belfast City Mission (continuedj
Year ended 29 February 2024
A further description of our responsibililies for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description forms
part of our auditor's report.
Use of our report
This report is made so5ely to the charity's members, as a body, in accordance with section 65 of Ihe
Charities Act (Northern Ireland) 2008. Our audil work has been undertaken so that we might state lo
the charily's members those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest exlent permitted by law, we do not accept or assume responsibility to
anyone olher than the charily and Ihe charity's members as a body, for our audil work, for this report,
or lor the opinions we have formed.
Kieran Mccaughey FCCA (Senior Statutory Auditor)
For and on behall of
Hill Vellacott
Chartered accountants & statutory auditor
22 Great Victoria Street
Belfast
BT2 7BA
29 October 2024
12

Belfast City Mission
Company Limited by Guarantee
Statement of Financial Aclivities
(including income and expenditure account)
Year ended 29 February 2024
2024
Restricted
funds Total funds Tolal funds
2023
Unreslricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
756,855
309,370
118,844
1,185,069
60,000
816,855
309,370
118,844
1,245,069
588,357
241,214
112.1561
817,415
Total income
60,000
Expendlture
Expenditure on raising funds..
Investment management costs
Expenditure on charitable activities
Total expendlture
17,224
663,605
680,829
17,224
663,605
680,829
15,562
701,612
717,174
Net income and net movement in funds
504,240
60,000
564,240
100,241
Reconclllation of lunds
Total funds brought lorward
Tolal lunds carried forward
3,859,745
4,363,985
3,859,745
4,423,985
3,759,504
3,859,745
60,000
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from conlinuing activities.
The notes on pages 16 to 26 forrn part of these linanclal statements.
13

Belfast City Mission
Company Limited by Guaranlee
Statement of Financial Position
29 February 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
Investments
14
15
1,804,016
1,691,271
1,876,468
1,641,889
3,495,287
3.518,357
Current assets
Debtors
Cash at bank and in hand
16
432,510
503,820
936,330
10,869
341,996
352,865
Creditors: amounts falling due wllhin one year
Net current assets
17
7,632
11,477
928,698
341,388
Total assets less current liabilities
4,423,985
3.859,745
Net assets
4,423,985
3,859.745
Funds of the charily
Restricted f unds
Unrestricted funds
60,000
4,363,985
18 4,423,985
3,859,745
Total chariiy funds
3,859,745
These financial statements were approved by the board of trustees and authorised for issue on 29
October 2024, and are signed on behalf of the board by..
Mr H Thompson
Trustee
Mr W Logan
Trustee
LIL. L,
The notes on pages 16 to 26 lorm part of these flnancial statements.
14

Belfast City Mission
Company Limited by Guaranlee
Statement of Cash Flows
Year ended 29 February 2024
2024
2023
Cash flows from operating actlvities
Net income
564,240
100,241
Adjustments for..
Deprecialion of langible fixed assets
Net gains on investments
Dividends, interest and rents from investments
Other interest receivable and similar income
Interest payable and similar charges
Accrued lincomellexpenses
Portfolio management charges
Cash generated from operations
72,452
(75,1281
142,0591
11 ,6571
241
1425,4861
17,224
72,623
53,112
{40.955)
3,712
1,141
15,675
205,549
109,827
Interest paid
Interest received
1241)
1,657
(3,712}
Net cash from operating activities
111,243
201,837
Cash flows Irom investlng activities
Dividends, interest and rents from investments
Purchases of other investments
Proceeds from sale of other investments
26,581
16,855
1300,0001
24,000
24,000
Net cash froml(used in) investing aclivilies
50,581
1259,145}
Nel increasel(deerease) in cash and cash equivalents
Cash and cash equivalenls al beginning of year
Cash and cash equlvalenls at end of year
161,824
341,996
503,820
{57,3081
399,304
341,996
The notes on pages 16 10 26 form part ot these linanclal slatements.
15

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 29 February 2024
General information
The charily is a public benefit enlity and a private company limited by guarantee, registered'in
Northern Ireland and a regislered charity in Northern Ireland. The address ol the registered office
is Belfast City Mission Assembly Buildings, 2-10 Fishe￿ICk place, Belfast, BT1 6DW, Northern
Ireland.
Staternent of compliance
These financial slatements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and Ihe Republic of Ireland,, the 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 1021 (Charities
SORP (FRS 10211 and the Companies Acl 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured al fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties aboul the charity's ability to continue.
Judgements and key sources of estimalion uncertalnty
The preparation of the financial statements requires management to make judgements,
eslimates and assumptions that affect the amounls reported. These estimates and judgemenls
are continually reviewed and are based on experience and other factors, including expectalions of
future events that are believed to be reasonable under the circumstances. There are no
Judgements or key sources of estimation that are considered material.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees lo further any of the
charily's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the lerms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
16

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 29 February 2024
Accounting policies (¢ontlnu8d)
Incoming resources
All incoming resources are included in the statement of financial activities when enlillement has
passed to the charily. It is probable that the economic benefits associated with the transaction will
Ilow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gilt, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost to the donor
or Ihe estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included lor the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a conlractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expendilure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classilied under headings of the slatement of
financial activities to which it relates..
expenditure on raising funds includes the costs ol all fundraising activities, events, non-
charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims lor the benelil of its beneficiaries, including ihose
support costs and cosls relating to the governance of the charity apportioned to charilable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activiiy are allocated directly to that activity. Shared cosls are apportioned
between the activities they contribute lo on a reasonable, justifiable and consislent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assels carried al revalued
amounts are recorded at the fair value at the dale ol revaluation less any subsequent
accumulated deprecialion and subsequent accumulated impairment losses.
17

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Slatements (contlnued)
Year ended 29 February 2024
Accounting policies (continued)
Tangible assets (contlnu8dJ
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in olher
recognised gains and losses, unless it reverses a charge for impairment Ihal has previously been
recognised as expendilure wilhin the statemenl ol financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclalion
Depreciation is calculated so as to wrile off the cost or valuation of an asset, less its residual
value, over the useful economic life ol Ihat asset as follows..
Freehold property
Fixtures and fittings
Motor vehicles
Equipment
2.5°/. Straight line
20°/o reducing balance
25°/0 Straighl line
33.330/. Straight line
Investments
Listed investments are measured at lair value with changes in fair value being recognised in profit
or loss.
Investments in associates
Investments in associates accounted for in accordance with the cosl model are recorded at cosl
less any accumulated impairment losses.
Investments in associates accounted lor in accordance with the fair value model are initially
recorded al the transaclion price. Al each reporting date, the investments are measured al fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other dislributions received from the investmenl are recognised as income without
regard to whether Ihe distributions are from accumulaled profits of the associate arising before or
after the date of acquisition.
Investments in joint venlures
Investments in jointly controlled entities accounled for in accordance with Ihe cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted lor in accordance with the fair value model are
initially recorded al the transaclion price. At each reporting date, the investments are meastjred at
fair value, with changes in fair value taken through income or expenditure. Where it is
impracticable to measure fair value reliably withoul undue cost or effort, the cost model will be
adopted.
18

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 29 February 2024
Accounting policies (contlnued)
Investments in Jolnl venlures (continued)
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisition.
Impairment of fixed assets
A review lor indicators of impairment is carried out at each reporting date, with the recoverable
amount being eslimaled where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For Ihe purposes of impairment testing, when it is not possible lo estimate the recoverable
amount of an individual asset, an estimate is made ol the recoverable amount of the cash-
generating unit to which the assel belongs. The cash-generating unil is the smallest identifiable
group of assets that includes the assel and generales cash inflows that largely independenl of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, Ihe goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charily
are assigned to those units.
Flnancial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured al the cash or olher
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured al amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently Measured at fair value wilh changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate ol inlerest
that is not a market rate, in which case Ihe asset is measured at the presenl value of the future
paymenls discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, wilh the exception of hedging instruments in a
designated hedging relationship.
19

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (conllnugd)
Year ended 29 February 2024
Accounting policies (conllnuodj
Financlal Inslrumenls {￿ntInued}
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairmenl at the end of each reporting date. If there is objeclive evidence ol impairment, an
impairment loss is recognised under the appropriate heading in the stalement of financial
activities in which the initial gain was recognised.
For all eqLsily instruments regardless ol significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on Ihe basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extenl thal the reversal does not
result in a carrying amount of Ihe financial asset Ihat exceeds what Ihe carrying amounl would
have been had the impairment noi previously been recognised.
Limiled by guarantee
The charity is a public benefit entity and a privale company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. In the event of the charity being
wound up. the liability in respect of the guarantee is limited to £1 per member of Ihe charity.
Donalions and legacies
Unrestricted
Funds
Reslricted Tolal Funds
Funds
2024
Donallons
Individual Donations
Church and Organisation Donations
Gift Aid
Trust Funds
98,223
111,939
21,206
13,352
98,223
111,939
21,206
13,352
Legacies
Legacies
512,135
60,000
572,135
756,855
60,000
816,855
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donatlons
Individual Donations
Church and Organisation Donations
Gift Aid
Trust Funds
70.494
95,185
42,330
70,494
95,185
42,330
Legacies
Legacies
380,348
380,348
588,357
588,357
20

Belfast City Mission
Company Limited by Guarantee
Notes to the Flnancial Statements (contlnued)
Year ended 29 February 2024
Charitable activilies
Unreslricted Total Funds Unrestricled Total Funds
Funds
2024
Funds
2023
Auxiliaries
Mission Hall Income
35,681
273,689
35,681
273,689
36,394
204,820
36,394
204,820
309,370
309,370
241,214
241.214
Investmenl income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Dividend income
Investment Income
Bank Interest
Movement of markel value of shares
36,360
5,728
1,657
75,099
36,360
5,728
1,657
75.099
34,081
3,360
3,515
{53,1121
(12,1561
34,081
3.360
3,515
{53,112}
{12,156)
118,844
118,844
Investment managemenl costs
Unrestricted Total Funds Unrestricted Tolal Funds
Funds
2024
Funds
2023
Portfolio managemenl
17,224
17,224
15,562
15,562
Expenditure on charltable aclivilies by actlvity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Charitable activity
Governance costs
655,993
655,993
7,612
695,885
5,727
7,612
7,612
655,993
663,605
701,612
10. Net Income
Net income is slated after chargingl(creditingl'.
2024
2023
Depreciation of tangible fixed assets
72,452
72,623
21

Belfast City Mission
Company Limited by Guaranlee
Notes to the Financlal Statements (contlnuodj
Year ended 29 February 2024
11. Auditors remuneration
2024
2023
Fees payable for the audit of the financial stalements
7,000
5,730
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security cosls
Other employee benefits
362,695
22,866
48,998
368,599
46,002
54,426
469,027
434,559
The average head count of employees during the year was 2812023- 311- The average number
of tull-time equivalent employees during the year is analysed as follows:
2024
No.
2023
No.
Administration
Missionaries
Mission Hall staff
19
28
30
No employee received employee benefits of more than £60,000 during the year12023: Nil}.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The lotal compensation paid to key
management personnel for services provided to the charity was £31,53012023-£32,7581.
13. Truslee remuneration and expenses
There were no remuneration or benefits paid to trustees for performing their duties as trustees.
There was £31 ,530 paid during the year to a trustee for duties as an administrator of the charity.
22

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 29 February 2024
14. Tangible fixed assets
Freehold Fixtures and
property
fittings
Motor
vehicles Equipmenl
Total
Cost
Al 1 March 2023 and
29 February 2024
Depreciation
At 1 March 2023
Charge for the year
Al 29 February 2024
Carrying amount
At 29 February 2024
At 28 February 2023
2,870,649
72,992
26,495
14,972 2,985,108
997,609
71,766
69,564
686
26.495
14,972 1,108,640
72,452
1,069,375
70,250
26.495
14,972 1,181,092
1,801,274
2,742
1,804,016
1,876,468
1,873.040
3,428
15. Inveslments
Listed
investments
Cosl or valuation
At 1 March 2023
Additions
Disposals
Fair value movements
Transfers
1,641,889
42,088
(17,2241
75,099
150,5811
1,691,271
Al 29 February 2024
Impairmenl
Al 1 March 2023 and 29 February 2024
Carrying amount
At 29 February 2024
At 28 February 2023
1,691,271
1,641,889
All investments shown above are held at valuation.
Flnancial assets held at lair value
Investmenls are slated at market value at the balance sheet date. The statemenl of financial
activities includes Ihe nei gains and losses arising on revaluations and disposals throughout the
year.
23

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 29 February 2024
16. Debtors
2024
2023
Prepayments and accrued income
432,510
10,869
17. Creditors: amounts lalling due wlthin one year
2024
2023
Accruals and deferred income
7,632
11,477
18. Analysis of charitable funds
Unreslrlcted funds
At
29 February
2024
At
1 March 2023
Income Expendilure
Transfers
General funds
Retired Missonries fund
Benevolent fund
Missonaries widows
benevolent lund
3,797,646
11,054
44,034
1,185,069
{680,829)
16,274) 4,295,612
11,054
50,308
6.274
7,011
3,859,745
7.011
1,185,069
1680,8291
4,363,985
Al
28 February 2
023
At
1 March 2022
Income Expenditure
Transfers
General funds
Retired Missonries fund
Benevolent fund
Missonaries widows
benevolent fund
3,703,679
11,054
37,760
817,415
1717,1741
16,274} 3,797,646
11,054
44,034
6,274
7.011
3,759,504
7,011
3,859,745
817,415
{717,1741
24

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (conllnuedj
Year ended 29 February 2024
18. Analysis ot charitable funds (continued)
General reserve fund represents those funds which are unrestricted and not designated for other
purposes.
Designaled funds
Relired missionaries. fund Ihis fund is to help retired missionaries in need of financial help.
Benevolent fund this fund is for the provision of benevolent gifts.
Missionaries Widows benevolent fund this fund is to help missionaries, widows in need of
financial help.
Restrlcled lunds
At
29 February
2024
Al
l March 2023
Income Expenditure
Transfers
Shore road hall
60,000
60,000
Al
28 February 2
023
At
1 March 2022
Income Expenditure
Transfers
Shore road hall
The Restricted fund - Shore road hall is designated for the upkeep of this property.
25

Belfast City Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 29 February 2024
19. Analysis of net assets between lunds
Unrestricled
Funds
Restricted Tolal Funds
Funds
2024
Tangible fixed assets
Inveslments
Current assels
Creditors less than 1 year
Nel assels
1,804,016
1,691,271
876,330
{7.632}
4,363,985
1,804,016
1,691,271
936,330
17,6321
4,423,985
60,000
60,000
Unrestricted
Funds
Reslricled Total Funds
Funds
2023
Tangible fixed assets
Investmenls
Current assets
Creditors less than 1 year
Net assets
1,876,468
1,641,889
352,865
{11,477}
3,859,745
1,876,468
1,641.889
352,865
111,477}
3,859,745
20. Financial inslruments
The carrying amount lor each category of linancial instrument is as follows..
2024
2023
Financial assets measured al lair value through income and expenditure
Financial assets measured at fair value through income and
expenditure
1,691,271
1,641,889
21. Analysis of changes in net debt
At
At 1 Mar 2023 Cash flows 29 Feb 2024
Cash al bank and in hand
341,996
161,824
503,820
26