REGISTERED COMPANY NUMBER: N1037978 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC103639 ort of the Trustees and Financial Statements for the Year Ended 31 March 2023 for North Belfast Senior Citizens Forum Acom an Limited b Guarantee Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
North Belfast Senior Citizens Forum Contents of the Financial Statements for the Year Ended 31 March 2023 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9 to 17 Detailed Statement of Financial Activities 18 to 19
North Belfast Senior Citizens Forum Reference and Administrative Details for the Year Ended 31 March 2023 TRUSTEES Bernadette Fiiian-morgan William Johnston Mary Kelly Josephine McDermot Diane Weiner Eithna Wilson Moyra Wylie (resigned 101412023) Rosemary Mccloskey COMPANY SECRETARY Gwen Siillmons REGISTERED OFFICE c/0 Survivors Of Trauina 151 Cliftonville Road Belfast Co. Antrim BT14 6JR REGISTERED COMPANY NUMBER N1037978 (Northern Ereland) REGISTERED CHARITY NUMBER NIC103639 INDEPENDENT EXAMINER Lynn Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE BANKERS Ulster Bank l Antrim Road Belfast BT15 2BE
North Belfast Senior Citizens Forum ort of the Trustees for the Year Ended 31 March 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted tlie provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accouiits in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Principal Activities and Future Development The Principal activity of the company is to increase the capacity of senior citizens, groups in North Belfast to iiifluence all types of public service which impact on tlie quality of life of older people, to encourage and empower local senior citizens, organizations to develop tlieir own activities and function as self lielp groups. Public benefit Tlie public beiiefits that flow from this purpose are decreased financial and social exclusion through our benefits outreach service. Increased access to educational services through provision of classes, especially IT, wliich lessens the digital divide. Reducing tlie risk of poverty through increasing older people's access to statutory and community anti-poverty programmes. Improving tlie healtli aiid well-being of older people through facilitation of healthy ageing prograinmes. Reducing social isolation through promotion of social activities for older people. These benefits are evidenced through the nuinbers of older people accessing our services, fe¢dback from clients and the ainouiit of money claimed by our advice service users. The benefiaries of our purpose are elderly people within the North Belfast area. There is no harin or private benefit from our purpose. FINANCIAL REVIEW Financial position The compaiiy had net outgoing resources for the year of £1,321 (2022.. net outgoing resoLirces of £1,484 which reflected the coinpletion of projects during the year. Unrestricted funds increased by £5,784, while restricted funds decreased by £7,105. Fund balances at 31 March 2023 were.. Restricted fund £9,978 and Unrestricted fund £24,600. Reserves policy The Charity is reliant on income from funding bodies. The charity raises unrestricted income from fundraising activities. The reserve policy 15 to have in place three months running costs. FUTURE PLANS The directors continue to explore other funding opportunities. The main focus of the charity continues to be to deliver on the needs of senior citizen's in North Belfast. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its gov¢rning document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
North Belfast Senior Citizens Forum ort of Ihe Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governance of the Charity During the period under review the directors met Inonthly. Trustees/directors are appointed by nominations made in writing by any existing director. At tlie General Meeting nominated directors are appointed by election. Risk management The directors have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that the systems are in place to mitigate any exposure to the major risks.The principles of good governance are embedded witliin all aspects of North Belfast Seiiior Citizens Foruin operations with management and staff being keenly aware of the Boards responsibility of ensuring that the organisation protects itself from fiiiancial exposure and reputational damage, A close working relationship is maintained between the Board and manageinent to ensure that operationally staff are aware of the staiidards required of tliein by the Board and the Board are always in a position to provide guidance and support to management in the dftscharge of their duties. This two way relationship is the key feature of North Belfast Senior Citizens Forum goveriiance arrangements and is a key strength in the company. A conscientious approach to ensuring that contractual project requirements are achieved has been maintained at all tiines both in the accounting period being reported on and since North Belfast Senior Citizens Forum establishment. Very tight financial controls on expeiiditure and all financial commitments are maintained at all times and project staff have been trained and have become experienced in budgetary controls.ln both these areas ie Project delivery and financial controls management all staff have established close working relationships with fuiiding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively eiigage witli fuiiding bodies. The Board, manageinent and staff are fully aware that the nature of the work in whicli North Belfast Senior Citizens Forum is involved can bring with it a high level of scrutiny to ensure that all activities are fully coinpliaiit with funding requirements and,therefore, beyond reproach.The Board of North Belfast Senior Citizeiis Foruin is, tlier¢fore, greatly reassured of the company's coinpl lance with the highest of standards of governance on the basis that all monitoring and evaluation of project delivery deinonstrates achievement of all fuiid¢rs objectives and that funders, audits and vouching of financial exp¢nditur¢ aiid th¢ ind¢peiident examiners report confirm compliance with both probity and regularity in the use of monies received. EVENTS SINCE THE END OF THE YEAR Iiiforniation relating to events since tlie end of tlie year is given in the notes to the financial statements. STATEMENT OF TRUSTEES, RESPOINSIBILITIES The trustees (who are also the directors of North Belfast Senior Citizens Forum for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial R¢porting Standard 102 Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland"
North Belfast Senior Citizen5 Forum ort of the Trustees for the Year Ended 31 March 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued Company law requires the trustees to prepare financial statements for each finaiicial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply thein consistently. observe tlie methods and principles in the Charity SORP. make judgements and estiillates that are reasonable and prudent; prepare the financial stateinents on the going concern basis unless it is inappropriate to presume tliat tlie cliaritable coinpany will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the cliaritable company and to enable thein to ensure that tlie financial statements comply with the Companies Act 2006. They are also responsible for safeguarding tlie assets of the ¢haritable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance witl) the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 21 November 2023 and signed on its behalf by.. Mary Kelly - Trustee
Inde endent Examiner's Re ort to the Trustees of North Belfast Senior Citizens Forum I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages six to seventeen. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and 15 eligible for independent examination, it is illy responsibility to- exainine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters havc come to my attention. Basis of the independent examiner's report I liave examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The exainination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explaiiations from you as charity trustees concerniiig any sucli matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with S¢ction 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not coinply witli the accounting requirements of Section 396 of the Companies Act 2006 and with the methods aiid principles of the Cliarities Statement of Recominended Practice applicable to cliarities preparing their accounts in accordaiice witli the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of tlie matters (l) to (4) listed above and, in connection with following the Directions of the Cliarity Commission for Northern Ireland, I have found iio matters that require drawing to your attention. Billy Drake FCA Lynn Drake & Co Ltd Chartered Accountants I st Flooi 34 B-D Main Street Moira Co. Armagh BT67 OLE 21 November 2023
North Belfast Senior Citizens Forum Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,518 1,518 Charitable activities Grants Receivable 52,971 52,971 49,579 Otlier trading activities Investment income 8,000 38 8.000 38 6,100 Total 9,556 52,971 62,527 55,694 EXPENDITURE ON Charitable a¢tivities Direct Charitable Expenditure Governance 3,707 65 59,034 1,042 62,741 1,107 56,219 959 Total 3,772 60,076 63,848 57,178 NET INCOMEI(EXPENDITURE) 5,784 (7,105) (1,321) (1,484) RECONCILIATION OF FUNDS Total funds brought forward 18,816 17,083 35,899 37,383 TOTAL FUNDS CARRIED FORWARD 24,600 9,978 34,578 35,899 The notes form part of these financial statements
North Belfast Senior Citizens Forum Statement of Financial Position 31 March 2023 31.3.23 31.3.22 Notes CURRENT ASSETS Prepayments aiid accrued income Cash at bank 35,658 36,927 35,658 36,927 CREDITORS Amouiits falling due within one year 10 (1,080) (1,028) NET CURRENT ASSETS 34,578 35,899 TOTAL ASSETS LESS CURRENT LIABILITIES 34,578 35,899 NET ASSETS 34,578 35,899 FUNDS Unrestricted funds Restricted funds 12 24,600 9,978 18,816 17,083 TOTAL FUNDS 34,578 35,899 The charitable compaiiy is entitled to exemption from audit uiider Section 477 of the Companies Act 2006 for the year ended 3 l March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring tliat the charitable coinpany k¢¢ps accounting records that coinply with Sectioiis 386 and 387 of the Coinpanies Act 2006 and (b) preparing finaiicial statements which give a true and fair view of the stat¢ of affairs of the charitable company as at tlie end of each financial year and of its surplus or deficit for each financial year iii accordance with the requirements of Sections 394 and 395 and wliich otherwise comply witli the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitabl¢ company. The notes form part of these financial statements continued...
'North Belfast Senior Citizens Forum Statement of Financial Position - continued 31 March 2023 These financial statements have been prepared in accordance witli the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 21 Noveinber 2023 and were signed on its behalf by.. Mary Kelly - Trustee Bernadette Finan-morgan - Trustee The notes form part of these financial statements
North Belfast Senior Citizens Forum Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements a) General information and basis of preparatlOD North Belfast Senior Citizens Forum is constituted as a company limited by guarantee incorporated in Northern Ireland (N103 7978). In tlie event of the charity beiiig would up, tlie liability in respect of tlie guarantee is limited to £1 per member of tlie charity. The charity coiistitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charitics-. Statement of Recomineiided Practice applicable to charities preparing tli¢ir accounts in accordance with the Finaiicial Reportiiig Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdoin and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Coinpanies Act 2006 and UK Generally Accepted Practice as it applies froin l January 2015. The financial stateinents are prepared 011 a going concerii basis uiider the liistorical cost conveiition, modified to include certain iteins at fair value. The financial statements are presented in sterling whicli is tlie functional currency of tli¢ charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtl)¢rance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have b¢en set aside by tlie trustees for particular purposes. The aim and use of each designated fuiid is set out in the notes to tli¢ financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by doiiors or which have been raised by the charity for particiilar purposes. The cost of raising and administering such funds are charged against tlie specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when th¢ charity is legally entitled to the income after any performance conditions have been met, the amount Can be measured reliably and it is probable that the income will bc received. continu¢d..-
North Belfast Senior Citizens Forum Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES- continued Basis of preparing the financial stalements For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditioiis is within the control of the charity and it is probable tliat they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is recognised when reccived. Donated facilities and donated professional services are recognised in income at their fair value when tlieir ecoiioini¢ benefit is probable, it can be measured reliably and the charity has control over the itein. Fair value is determined on the basis of tlie value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is giveii in tli¢ Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being iiotified of an impend ing distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the cliarity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Tlie charity receives goveriiment grants which are detailed within the iiotes to these financial stateincnts. Income from governinent and otli¢r grants are recognised at fair valiie when the charity has entitlement after any perforinance conditions have been met, it is probable that tlie income will be received and tlie amount can be measured reliably. If entitlemeiit is not Inet then these aiTJounts are deferred. (D) ExpendAtiure reeognition All expenditure is accounted for on an accruals basis. inclusive of VAT which cannot be recovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised wliere there is a legal or coiistructive obligation to Inake payments to tliird parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary incomes. Expenditure on cliaritable activities includes those costs incurred by the charity in tlie 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 natur¢ necessary to support them. and Oth¢r expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. 10 continued...
North Belfast Senior Citizens Forum Notes to the Financial Statemenls - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, tliis is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive tlie grants. Where gi'aiits are cond itional relating to perforniance tlien the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. {e) Support Costs 211ocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and incliide office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of tlie cliarity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the r¢sourc¢s. Premises overheads have been allocated on ali iiisert detail basis and other overheads have been allocated on a basis consistent with the use of resources. Fund-raisiiig costs are those incurred in seeking voluntary Contributions and do not include the costs of disseminating informatioii in support of the charitable activities. (D Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and acciimulated iinpairment losses. Cost includes costs directly attributable to making the asset capable of operatiiig as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful lif¢ as follows.. Equipment 25 % Wtitten Down Value (g) Debtors and creditors receAvable I payable within one year Debtors and creditors with no stated iiiterest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (h) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash g¢n¢rating unit, is estimated and compared to th¢ carrying amount. Wliere the carrying amount exceeds its recoverable amount, an iinpairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the iinpairinent loss is a revaluation decrease. (i) Provisions Provisions are recognised when the charity lias ali obligatioii at the balance sheet date as a result of a past event. it is probable that an outflow of economic benefits will be required Én settlement and the amount can be reliably estimated. continued...
North Belfast Senior Citizens Forum Notes to the Financial Slatements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements (i) Leases Assets acquired uiider financ¢ leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Miniinum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, arc included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Tax No provision is required for taxation as the coinpany is defined as a charity for taxation purposes. The charity is a registered charity and so sucli is entitled to certain tax exeinptions on income and profits from investineiits and surpluses on any tradiiig activities carried on iii flirtherance of the charity's primary objectives, if tliese profits and surpluses are applied solely for charitable purposes. (l) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no Inaterial uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 montlis from authorising these finaiicial statements. Tlie bLidgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a goiiig concern. (m) Judgements estimates The following judgements including those involving estimates that have been made in the process of applying the above accounting policies that Iiave had the most sigiiificant effect on tlie amounts recogiiised in tlie fiiiancial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.. (i) depreciation method and asset useful lives The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computers & equipment 25Q/o Written Down Value Related party exemption The charitable company has taken advaiitage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related party transactions with wholly owned subsidiaries wlthin the group. 12 continued...
North Belfast Senior Citizens Forum Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES- continued Taxation The company is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluses on any tradiT]g activities carried on in furtherance of the charity's priinary objectives, if tliese profits and surpluses are applied solely for charitable purposes. Fund accounting The Charity has various types of funds for which it is responsible, and which require separate disclosure. These are as follows: (i) Restricted Funds Grants or donatioiis received, which are earmarked by the donor for specific purposes within the overall aims of the organisation. (li) Unrestricted Funds Funds which are expendable at tlie discretion of the Directors in furtlierance of the objects of the charity. Such funds Inay be held in order to finance capital investment and working capital Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 31.3.23 31.3.22 Donations 1,518 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 JTI Belfast City Council 7,000 1,000 6,000 100 8,000 6,100 13 continued...
North Belfast Senior Citizens Forum Notes to the Financial Statements - continued for the Year Ended 31 March 2023 INVESTMENT INCOME 31.3.23 31.3.22 Investment income 38 15 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 31.3.22 Activity Grants Receivable Grants 52,971 49,579 Grants received, included in the above, are as follows.. 31.3.23 31.3.22 Dept for Communities 52,971 49,579 NET INCOMEI(EXPENDITURE) Net iiicome/(expenditure) is stated after chargingl(crediting)- 31.3.23 31.3.22 Accountancy 1,042 990 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salaries Other pension Costs 45,204 1,928 42,763 1,893 47,132 44,656 The average monthly number of employees during the year was as follows: 31.3.23 31.3.22 Administration 14 continued...
North Belfast Senior Citizens Forum Notes to the Financial Statements - continued for the Year Ended 31 March 2023 STAFF COSTS - continued No employees received emoluments in excess of £60.000. TANGIBLE FIXED ASSETS Computers & equipment COST At l April 2022 and 31 March 2023 2,001 DEPRECIATION At l April 2022 and 31 March 2023 2,001 NET BOOK VALUE At 31 March 2023 At 31 March 2022 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Accruals and deferred income 1,080 1,028 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund funds Current assets Current liabilities 24,123 477 11,535 (1,557) 35,658 (1,080) 36,927 (1,028) 24,600 9,978 34,578 35,899 12. MOVEMENT IN FUNDS Net movement in funds At 3113/23 At 114122 Unrestricted funds General fund 18,816 5,784 24,600 Restricted funds Dept for Comrnunities 17,083 (7,105) 9,978 TOTAL FUNDS 35,899 (1,321) 34,578 15 continued...
North Belfast Senior Citizens Forum Notes to the Financial Stalements - continued for the Year Ended 31 March 2023 12. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement iii funds Unrestricted funds General fund 9,556 (3,772) 5,784 Restricted funds Dept for Cominunities 52,971 (60,076) (7,105) TOTAL FUNDS 62,527 (63,848) (1,321) Comparatives for movement in funds Net movement in funds At 3113122 At 114121 Unrestricted funds General fund 19,419 (603) 18,816 Restricted funds Dept for Communities 17,964 (881) 17,083 TOTAL FUNDS 37,383 (1,484) 35,899 Comparative net movement in funds, included in th¢ above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 6,115 (6,718) (603) Restricted funds Dept for Communities 49,579 (50,460) (881) TOTAL FUNDS 55,694 (57.178) (1,484) 16 ontinued...
INorth Belfast Senior Citizens Forum Noles to the Financial Statements - continued for the Year Ended 31 Mareh 2023 13. CONTINGENT LIABILITIES A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charity. 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year end¢d 31 March 2023. 15. POST BALANCE SHEET EVENTS There are no post balance sheet events that need to be disclosed. 16. SHARE CAPITAL The company is limited by giiarantee and has no share capital. 17. COVID 19 The trustees continue to monitor the impact of Covid 19. The trustees believe there is iio adjusting events to report after the reporting date.Thc trustees will continue to monitor the situatuion closely to secure the viability of the organisation. 17
North Belfast Senior Citizens Forum Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donations and legacies Donations 1,518 Other trading activities JTI Belfast City Council 7,000 1,000 6,000 100 8,000 6,100 Investment income Investinent income 38 Charitable activities Grants 52,971 49,579 Total incoming resources 62,527 55,694 EXPENDITURE Charitable activities Wages Pensions Insurance Light and lieat Telephone Printing and stationery Staff Travel Training courses Hospitality & outings Rent & Room Hire Resources Affiliation and Membership fee 45,204 1,928 731 556 458 391 175 2,759 5,075 2,120 3,304 40 42,763 1,893 710 556 459 804 129 1,128 2,071 3,395 2,146 75 62,741 56,129 Support Costs Governance costs Accouiitaiicy Bank fees 1.042 65 990 59 1,107 1,049 This page does not form part of the statutory financial statements 18
North Belfast Senior Citizens Forum Detailed Statement of Financial Activities ror the Year Ended 31 March 2023 31.3.23 31.3.22 Total resources expended 63,848 57,178 Net expenditure (1,321) (1,484) This page does not form part of the statutory financial statements 19