COMPANY REGISTRATION NUMBER: N1063330 CHARITY REGISTRATION NUMBER: NIC 102975 Belfast Orangefest Company Limited by Guarantee Unaudited Financial Statements 29 February 2024 Belfast Orangefest Company Limited by Guarantee Financial Statements Year ended 29 February 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements Page 1 Belfast Orangefest 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, present their report and the unaudited financial statements of the charity for the year ended 29 February 2024. Reference and administrative details Registered charity name Belfast Orangefest Charity registration number NIC 102975 Company reglstration number N1063330 Principal office and registered 7 Brookmount Street office Belfast BT13 3AP The trustees Mr Mervyn Bishop Mr Spencer Beattie Mr Wilson Finlay Rev Mervyn Gibson Dr James Laird Mr William Hughes Mr Raymond Spiers Company secretary Dr James Laird Independent examiner Johnston Graham Limited 2161218 Holywood Road Belfast BT4 1PD Structure, governance and management Governing Document The organisation is a company limited by guarantee, incorporated on the 1st February 2007 and awarded charitable status on that same date. This has since been reaffirmed by the Charity Commission for Northern Ireland on 25th June 2015 {Charity Registration Number NIC 102975). The company was established under a Memorandum of Association and is governed under its Constitution. Appointment of Management Committee The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles. Under the requirements of the Constitution the members of the Board of Directors are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting. The traditional skills of management and company related practical skills are well represented on the Board of Directors. Page 2 Belfast Orangefest Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontInu￿) Year ended 29 February 2024 Structure, governance and management (continued) Risk Management The Board of Directors has conducted a review of any perceived major risks to which the charity may be exposed. Systems or procedures have been established to mitigate the risks the charity may face as appropriate. Procedures are in place to ensure compliance with the health and safety of staff, volunteers and visitors to the office any events that the company may organise. These procedures are reviewed periodically to ensure they continue to meet the company needs. Organisational Structure Belfast Orangefest has a Board of Directors of 7 members and an Advisory l Management Committee of 14 members who meet on a monthly basis and are responsible for the strategic direction and policy of the company. There is also a Director of Development who is in attendance but does not qualify for voting rights at these meetings. A procedure of delegation is employed by the Management and Advisory Committee to the Director of Development who is charged with the day-to-day responsibilities of the company and has the operational management responsibility for the adherence to good governance and working practices. Objectives and activlties The company's objectives and principal activities are to.. Promote the Belfast 12th Celebrations in a manner that is increasingly acceptable and welcoming to all Promote all Orange events in Belfast in a manner that allows all to attend and this is being achieved through our theme Education through Celebration The main objectives and activities for the year continue to focus on the theme 'Education through Celebration" in a wide variety of events such as.. Launch of the Belfast 12th.. Band performances, Highland Dancer5, Lambeg Drumming, Poetry The 12th Celebrations,. bands, parades, historical re-enactments, children's entertainment Art, Poetry, Photographic and short story competitions for Primary, Secondary and young adults Partnership with Belfast City Centre Management and its wider ne￿Ork to show that Belfast City Centre is open and welcoming on 12th July for everyone Promote the 12th July as a fully Family Friendly through separate projects event striving to negate any possible anti-social behaviour from any quarter Promote the 12th July as a Tourist attraction and increase footfall in Belfast City Centre Actively continue in the process to attempt to get Ethnic Minorities to participate in our information programme Achievements and performance The achievements and performance to date for this reporting year continue to be encouraging and in the coming years the company are striving to progress both within and without its own community and active work is still ongoing to encourage individuals and groups from other communities and traditions with a renewed focus on tourism to come and join with us, and this is beginning to show some sUC￿$s. Page 3 Belfast Orangefest Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 29 February 2024 Financlal reviaw Against the backdrop of ever decreasing limited resources and continuing insecurity over funding for everyone it remains difficult to plan or develop our seNices, nevertheless the company continues to employ a Director of Development who is vital to the overall success of the project, however, sadly this appointment ends on 31st of March 2024 as the DFC has terminated the Funding for 2024 and probably beyond. PRINCIPAL FUNDING SCHEMES Aside from the Department for Communities (Belfast Regeneration Office) who funds the Director of Development post and project but not generally programmed work. The company remains hopeful for more successful funding grant applications in the coming years albeit we are skeptical for 202312024 given the lack of an Assembly and therefore no Budgetary powers available. Plans for future periods The company plans to continue and expand upon the activities outlined above in the coming years but understands that this is always dependent upon successful funding and any internal finances available. RESPONSIBILITIES OF THE BOARD OF DIRECTORS The management committee are responsible for preparing the report of the Management Committee and the financial statements in accordance with applicable law and regulations. Company law requires the Management Committee to prepare financial statements for each financial year. Under that law, the Management Committee have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Practice (United Kingdom Accounting Standards and applicable law) The financial statements are required by law to give a true and fair view of the state of affairs of the charitylcompany and the surplus or deficit of the charitylcompany for that period. In preparing these financial statements, the Management Committee are required to.. Select suitable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent Prepare Ihe financial statements on the ongoing basis unless it is inappropriate to presume that the charitylcompany will continue in operation The Management Committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitylcompany and which will enable them to ensure that the financial statements comply with the Companies Act 2006. The Management Committee are also responsible for safeguarding the assets of the charitylcompany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4 Belfast Orangefest Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 29 February 2024 CONCLUSION The Board of Directors are confident that Belfast Orangefest Limited is fulfilling its commitment to the Department and are pleased to report yet another successful Funding Period to which Orangefest are on target to complete all its outputs in their entirety and has decided to place the company in hibernation whilst we continue to seek funding. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemption. The trustees, annual report was approved on 9 August 2024 and signed on behalf of the board of trustees by: Mr Mew4 Trustee Rev Mervyn Gibson Trustee