Charity registration number: XT30207 ## North Belfast Harriers Annual Report and Financial Statements for the Year Ended 31 January 2024 DT Carson & Co. Chartered Accountants 51 - 53 Thomas Street Ballymena Co. Antrim BT43 6AZ ## **North Belfast Harriers** ## **Contents** |Reference and|Administrative Details|Administrative Details|Administrative Details|Administrative Details|Administrative Details|||1| |---|---|---|---|---|---|---|---|---| |Trustees' Report||||||||2| |Independent examiner's report||||||||3| |Statement of financial activities||||||||4| |Balance Sheet||||||||5| |Notes to the financial statements|||||||6 to 10|| The following pages do not form part of the statutory financial statements: Statement of financial activities per fund 11 to 13 ## **North Belfast Harriers** ## **Reference and Administrative Details** |**Charity name**|North Belfast Harriers|| |---|---|---| |**Charity registration number**|XT30207|| |**Principal office**|14 Oldpark Terrace|| ||Belfast|| ||BT14 6NN|| |**Registered office**|14 Oldpark Terrace|| ||Belfast|| ||BT14 6NN|| |**Trustees**|M Stephens, Chairperson|| ||G McClure, Treasurer|| ||D Rainey, Secretary|| ||D Taylor|| ||S McCann|| ||F O'Hare|(Appointed 25 March 2023)| ||M McNicholl|(Appointed 25 March 2023)| |**Bankers**|Danske Bank|| ||Abbeycentre|| ||Longwood Road|| ||Newtownabbey|| ||Co Antrim|| ||BT37 9UH|| |**Accountant**|DT Carson & Co.|| ||51 - 53 Thomas Street|| ||Ballymena|| ||Co. Antrim|| ||BT43 6AZ|| Page 1 ## **North Belfast Harriers** ## **Trustees' Report** The trustees present their annual report and the unaudited financial statements for the year ended 31 January 2024. ## **Trustees** The trustees during the year were as follows: M Stephens, Chairperson G McClure D Rainey D Taylor S McCann F O’Hare (appointed 25 March 2023) M McNicholl (appointed 25 March 2023) ## **Aims and objectives** The aims and objectives of the club are; To promote the health and wellbeing of the local community of Belfast through participation in athletics; To promote personal health and esteem through health awareness education and participation in athletics to the local population of Belfast; To promote athletics locally as an amateur sport to the local population of North Belfast. The club is in the process of writing a new Development Plan which will guide the club over the next three years, the key item will be increased activity in community programmes engaging both juniors and seniors. Approved by the Trustees on 12 March 2024 and signed on their behalf by: ......................................... G McClure Trustee Page 2 ## **Independent Examiner's Report to the Trustees of** ## **North Belfast Harriers** I report on the accounts of the Trust for the year ended 31 January 2024, which are set out on pages 4 to 10. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ......................................... DT Carson & Co. Chartered Accountants 51 - 53 Thomas Street Ballymena Co. Antrim BT43 6AZ 12 March 2024 Page 3 ## **North Belfast Harriers** ## **Statement of Financial Activities for the Year Ended 31 January 2024** |||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**2024**|**2023**| ||**Note**|**£**|**£**|**£**|**£**| |**Incoming resources**|||||| |Incoming resources from charitable|||||| |activities|3|50,489|7,500|57,989|40,849| ||||||| |Total incoming resources||50,489|7,500|57,989|40,849| |**Resources expended**|||||| |Charitable activities|4|41,940|3,080|45,020|32,734| ||||||| |Total resources expended||41,940|3,080|45,020|32,734| |Net movements in funds||8,549|4,420|12,969|8,115| |**Reconciliation of funds**|||||| |Total funds brought forward||159,425|96|159,521|151,405| |Total funds carried forward||167,974|4,516|172,490|159,520| ||||||| The notes on pages 6 to 10 form an integral part of these financial statements. Page 4 ## **North Belfast Harriers** ## **Balance Sheet as at 31 January 2024** |||**2024**|**2024**|**2024**||**2023**|**2023**|**2023**| |---|---|---|---|---|---|---|---|---| ||**Note**|**£**||**£**||**£**||**£**| |**Fixed assets**||||||||| |Tangible assets|7|||5,098||||3,615| |**Current assets**||||||||| |Stocks and work in progress||4,165||||5,470||| |Cash at bank and in hand||164,823||||151,360||| |||168,988||||156,830||| |**Creditors: Amounts falling**||||||||| |**due within one year**|8|(1,596)||||(925)||| |**Net current assets**||||167,392||||155,905| |**Net assets**||||172,490||||159,520| |**The funds of the charity:**||||||||| |**Restricted funds**||||4,516||||96| |**Unrestricted funds**||||||||| |Unrestricted income funds||||167,974||||159,424| |**Total charity funds**||||172,490||||159,520| The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the Board on 12 March 2024 and signed on its behalf by: ......................................... G McClure Trustee The notes on pages 6 to 10 form an integral part of these financial statements. Page 5 ## **North Belfast Harriers** ## **Notes to the Financial Statements for the Year Ended 31 January 2024** ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011. ## **Fund accounting policy** Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Further details of each fund are disclosed in note 10. ## **Incoming resources** Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. ## **Resources expended** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Fixed assets** Individual fixed assets costing £0 or more are initially recorded at cost. ## **Depreciation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Plant and machinery 20% straight line basis ## **Stock** Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed. Page 6 ## **North Belfast Harriers** ## **Notes to the Financial Statements for the Year Ended 31 January 2024** ## _......... continued_ ## **Operating leases** Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term. ## **2 Grants receivable** ||**Unrestricted**|**Restricted**||**Total Funds**|**Total Funds**| |---|---|---|---|---|---| ||**Funds**|**Funds**||**2024**|**2023**| ||**£**|**£**||**£**|**£**| |Grants|181||0|181|668| ||||||| ## **3 Incoming resources from charitable activities** ||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**| |---|---|---|---|---| ||**Funds**|**Funds**|**2024**|**2023**| ||**£**|**£**|**£**|**£**| |**Charitable activity**||||| |Sponsorship|4,300|7,500|11,800|2,255| |Grants|181|0|181|668| |Membership dues|16,710|0|16,710|18,165| |Clothing sales|1,432|0|1,432|1,107| |Members fitness classes|575|0|575|100| |Race entries|19,175|0|19,175|10,348| |Sundry income|1,736|0|1,736|1,246| |Use of hall|180|0|180|945| |Jog Belfast|6,000|0|6,000|6,000| |Interest on cash deposits|200|0|200|15| ||50,489|7,500|57,989|40,849| |||||| Page 7 ## **North Belfast Harriers** ## **Notes to the Financial Statements for the Year Ended 31 January 2024** _......... continued_ ## **4 Total resources expended** |**Total resources expended**|||| |---|---|---|---| ||**Charitable**
**activity**||**Total**| ||**£**||**£**| |**Direct costs**|||| |Cost of goods sold|2,226||2,226| |Employment costs|1,565||1,565| |Establishment costs|13,063||13,063| |Repairs and maintenance|2,754||2,754| |Office expenses|361||361| |Subscriptions and donations|3,450||3,450| |Sundry and other costs|246||246| |Travel and subsistence|4,741||4,741| |Advertising and promotion|12,284||12,284| |Bank charges|2,453||2,453| |Depreciation of tangible fixed assets|1,877||1,877| ||45,020||45,020| ||||| ## **5 Trustees' remuneration and expenses** No trustees received any remuneration during the year. ## **6 Net incoming resources** Net incoming resources is stated after charging: |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |Depreciation|of tangible fixed assets|1,877|1,205| Page 8 ## **North Belfast Harriers** ## **Notes to the Financial Statements for the Year Ended 31 January 2024** _......... continued_ ## **7 Tangible fixed assets** ||**Fixtures,**| |---|---| ||**fittings and**| ||**equipment**| ||**£**| |**Cost**|| |As at 1 February 2023|6,025| |Additions|3,360| |As at 31 January 2024|9,385| |**Depreciation**|| |As at 1 February 2023|2,410| |Charge for the year|1,877| |As at 31 January 2024|4,287| |**Net book value**|| |As at 31 January 2024|5,098| |As at 31 January 2023|3,615| ## **8 Creditors: Amounts falling due within one year** |||||**2024**||**2023**|| |---|---|---|---|---|---|---|---| |||||**£**||**£**|| |Accruals|and|deferred|income|1,596|||925| Page 9 ## **North Belfast Harriers** ## **Notes to the Financial Statements for the Year Ended 31 January 2024** _......... continued_ ## **9 Related parties** ## **Controlling entity** The charity is controlled by the trustees. ## **10 Analysis of funds** ||**At 1**||||**At 31**| |---|---|---|---|---|---| ||**February**|**Incoming**|**Resources**||**January**| ||**2023**|**resources**|**expended**||**2024**| ||**£**|**£**|**£**||**£**| |**General Funds**|||||| |Unrestricted income fund|159,425|50,489|(41,940)||167,974| |**Restricted Funds**|||||| |Jog Belfast|96|0||0|96| |ECCC2024|0|7,500|(3,080)||4,420| ||96|7,500|(3,080)||4,516| ||159,521|57,989|(45,020)||172,490| ||||||| ## **11 Net assets by fund** ||**Unrestricted**|||**Total Funds**|||**Total Funds**|| |---|---|---|---|---|---|---|---|---| ||**Funds**|||**2024**|||**2023**|| ||**£**|||**£**|||**£**|| |Tangible assets|5,098|||5,098|||3,615|| |Current assets|168,988|||168,988|||156,830|| |Creditors: Amounts falling due within one year|(1,596)|||(1,596)|||(925)|| |Net assets|172,490|||172,490|||159,520|| Page 10 ## **North Belfast Harriers** ## **Statement of financial activities by fund Year Ended 31 January 2024** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**income fund**|**income fund**| ||**2024**|**2023**| ||**£**|**£**| |**Incoming resources**||| |Incoming resources from charitable activities|50,489|40,849| |Total incoming resources|50,489|40,849| |**Resources expended**||| |Charitable activities|41,940|32,734| |||| |Total resources expended|41,940|32,734| |Net movements in funds|8,549|8,115| |**Reconciliation of funds**||| |Total funds brought forward|159,425|151,309| |Total funds carried forward|167,974|159,424| |||| This page does not form part of the statutory financial statements. Page 11 ## **North Belfast Harriers** ## **Statement of financial activities by fund Year Ended 31 January 2024** |_......... continued_||| |---|---|---| ||**Jog Belfast**|**Jog Belfast**| ||**2024**|**2023**| ||**£**|**£**| |Net movements in funds|0|0| |**Reconciliation of funds**||| |Total funds brought forward|96|96| |Total funds carried forward|96|96| |||| This page does not form part of the statutory financial statements. Page 12 ## **North Belfast Harriers** ## **Statement of financial activities by fund Year Ended 31 January 2024** |_......... continued_|||| |---|---|---|---| ||**ECCC2024**|**ECCC2024**|| ||**2024**|**2023**|| ||**£**|**£**|| |**Incoming resources**|||| |Incoming resources from charitable activities|7,500||0| |Total incoming resources|7,500||0| |**Resources expended**|||| |Charitable activities|3,080||0| ||||| |Total resources expended|3,080||0| |**Reconciliation of funds**|||| |Total funds carried forward|4,420||0| ||||| This page does not form part of the statutory financial statements. Page 13