BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) ANNUAL REPORT AND U11Ainx FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30 APRIL 2022
BELFAST BOYS MODEL BURSARY FUND (IN MEIIORY OF EW DAVIS) LEGAL AND ADMINIStRATIVE WORIiATION Dlr•ctor• Str N KCB. DL Mr G Ne&on MrT AndrBWS Dr Rpthr CBE Ms M Mortgon Dr B K8allng CBE Mr M Gllmm QPM IAFWk 21 2021) {AppOin 5 May 20221 ChMIty nwnb•r Compary numb•r Prfndpal addr• r14 BT14 tlRB Cenlury Fkwsg UStM PO Box 183 BT1&
BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) CONTENTS Indepond•rt exrrierfs reixxl Statsment ol fwwnday posmkn 9-13
BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) DIRECTORS REPORT FOR THE YEAR ENDED 30APRIL 2022 2006 and"AccounUr¥J ar¥J Repr3 by Charibes". Statement of ReconThnded Praclicè aFWi¢able lo chwilies of lrnland IFRS 102)18ffedi¥ti 1 Janwary 2019r. It Is my wivileoe, as ch01peon oflN5 FuThl. aml m behalf of ry fekni tecax4 to PDbide thl$Annual Rwt cn the late8t posbon in oflhe Fw4 as at 30 ArKI 2tr21 Th8 pufFKW and 0ve$ (rf the F1 (XrtIwd in th• attathed Rep)rL It has 8 been knptsnt for the rgqulrements. To the best of rAW knvA4gdg8. IÈ 15 ow viow thai kn the 2021.2022 wo wmpllwj fulty wllh all relevant requgmnts. and throu Ils Important eaty stsge5. Auwh just outsKle tho ar in wtstion. we 8190 want to recognlzg Ihe fium May21f21 Wh518 tho Board h98 ulllrnate ro4Jonslbllty for ralging of ILmds and thB awwdtng cl BU9119$. tha and In parbcular the cothtth of the PrinctO. Mary hknwnery. the senkn management team. and th• supportyig slaff. That 1anBhlp lo that the Fund a(ieveJ its thiacbv88 In drcumstancgs arf$iThJ from thg Covwj pandgmtc. to ath)pt ad hoc approath to further or)gwoff BuarleS Sn addluon b the ttrTre nmty avarded. kn Saptwnber 2021 thm ontroff awdrds of £1.IM) 8ath wore mado to th8 students socond in 88th 01 1¥ I1&S pIL a fvrthor a to an HND tha Sthool vAnning the SclvJols Ru&ty C4) and the 25th Annrrfarsary of th• SthcK4 wlnnlnp thè S(KKAs Soc4x trophles. As a reSl we able to alkl lo our restrIad aThl to report lo a muth vAder aMll•nca th• Fd to d
BELFAST BOYS MODEL BURSARY FUND ON MEMORY OF EW DAVIS) DIRECTORS REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022 We are to i¢pryt th< as th? attathed Afxxxxts rn(k. ty 30 201 UnrB5trided Funds had Inwasoo lo E83.414. after h8NknJ pald for expBn585 and a¥Mrd pgymenl& The BO8 has (X51a)Y revlewed the reserves hdd and conshl8fs them b) b8 héalthy. by nD mearL4 8xcesthY. glv8n ts age rango of The Dlreclors look k> oJrllryJlThJ lo arml do INS FWKI kn thg apWolate way to Slr N Haml11 KCB. DL ObJ•cll¥•s and •etlvltl Tho charftys otdo¢ts arg to athrynce arbj lh• e(hMXIb of Iha at Belfast Boys. U(yJel sthl by h3 noted In last yearfs reiyxt the 808 set an owbve to rnake adthtion anrwl for HND and HgheT- It ig 8180 iMportt to Say that thg a¥fstence ul the Fund aThl tts (XJB ObjeCtiS Te agreed wilh the schoc4 Board of Governors, a5 was tho full Parf¢W of thp Ihen Prwwl. Mr Alan Logan 88 8 Dirnctor of the Fund. rfty slKwld underta& Achl•v•m•nts and p•rfomianc• bo fLdly fvnded fvr Ihe tonurn d oxh buw. It was dglenmwj by Ihg Boad lillialy. bur¥wlas and Art). Thè school ensured that tsvery pupl rfigPJle kr a Ixx5ary was of th• cthia from Ihe beginnlng of the vtho besi mat the ¢iterra oulkned Ea0* in tdal amomts lo £3.0 and is wl liver a of
BELFAST BOYS MODEL BURSARY FUND ON MEMORY OF EW DAVIS) DIRECTORS REPO1 (copillNUED) FOR THE YEAR ENDED 30 APRL 2tr22 tho 8xtslents 8nd rupose of the Fund. aThJ then inNryled k> a>nIle by a owf or by wular ThM)rthty donations ItrwDuth Dr8( 00 ortx It Is the poNcy of the that unrests1c fiwKts Thh ha4• do8lgnd lor a speclffic u88 shOd be will b• abl8 to conunuè the ch$ lIent xlivi1185 whle considerthn Es gfven lo ways In whlth addttK)nal During ts Jw. the Fund rniswj £34.339 {21r21: £14.944) froffl gft aid atMI wJtwEst aThJ aftor payiry and ojnnutted Ixvsaiias exwnsos £14378 (221. £1.714) to y$Styl(8d fijnds lth n(M lolal £83.414 (2021 . £68.436). Trisensm that th8 BuleS (xn be fundBd kn the Yea ¥hd. Fund ha5 g(xxl nIl to In Bdfast . Model BtX5ary Fund (ln Nknxy E W Davis) is a wiva fmrwtsd lry guarwtsg and iaglst•red In Northem Irel8rwJ (Cryny Number N1630824 bB a Member. Ihe Oryanbsathin of Gwr41 MO1ng8. Ihe Rde ar PTh¥w5 of C4rora(ws (Kludkng appolnknont ond rnlir8mgntl: Adffl1nlStrab¥eArernan. DirnLxs Indemnty WKI IrwaThx. esttryL 7he Boa uf DirnctoTr hdd wular rr tha M18wthe FKogressoffv and dlsuJ55 tho dlrgdim olthe Slr N Hamllton KCB. DL MrGNel MrABrdiden MrJ Keith OBE Or R Adair CBE Ms M Montgomery Dr B Keating CBE DrALc4an DL Mr M GlrnoTr QPM Mr RAmur IN¥¥Jinled 21 21r21) (Arwinied 5 May 21r22) and wantee to £1 In the
BELFAST BOYS MODEL BURSARY FUND (IN klEIAORY OF EW DAVIS) DIRECTORS REPORT (COKllNUED) FOR THE YEAR ENDED 30 APRIL 2022 Slr NW Hthllon KCB. DL{C Dr Roypalalr CBE (fr88sur8r) Dr Bryan Keatr¥J CBE {S•) h8$ been prepw8d kn 8CL7ydm rm¥Is1ts ap**tltr kn eompanles 6116d to small mpanles, exeryilTh. SlrN amllton K B.DL
BELFAST BOYS MODEL BURSARY FUND UN MEIIORY OF EW DAVIS) INDEPENDENT EXAMIN REpoirr TO THE DIRECTORS OF BEISAST BOYS IAODEL BURSARY FUIKI VN MEPIORY OF EW DAVIS) Wo lewi( I aUXnts ofts dwrtytr the )w 2tr21 seiort on pHges 7 kn 13. R•sp•¢llv• rn•ponslbHttle• •nd basls of rwrt Tho cws dtr8dtys of Betfa5t Boys Fund (In Memw of EW Da1. arn r•sprnslbl• for the IrKlepend8nt 8xamlnakn. It is ourrtisponwblty to: Nortkn Irgland undw sacllon 651gXb> ofth• Art aTrJ Ba•ls of Ind•p•nd•nt •xamln•rfs r•port Northern Ireland undef sec 849Xb) d Ihe lJwilie5 ALt The examkwlbn Ihg Indudes o)nsldoratkn of any unu1 ilorr6 ¢y dSdo$ kn the accaws, WKI sg8klw extlanatkm8 fr¢¥n y That th8 acc¢unts not alyxd those aco)¢mliThJ Thal thg aCcOty do Th)t comply with the aca>unthw seclk)n 396 of th8 COmpanA¢1 2( and wllh the meth(S and win(18$ the ch78$ &alerrt of Rownrwded Prn(B a11*1 in the UK aTrJ Rewblic ofl
BELFAST BOYS MODEL BURSARY FUND (IN MEl•lORY OF EW DAVIS) INDEPENDENT EXAMINER3 RRT {coKfTriuED) TO THE DIRECTORS OF BELFAST BOYS PIODEL BURSARY FUPW MEMOKf OF EW DAVIS) We have ajmpleted ourexamlnatlon trA¥e ¢<#Kems i) r8spedof malkns 110 4 Ilsted abm d. onnecllon VAM foll1n9 Iho Dlrpthns ol the Clwity for k8knLI. wa havb found no matters that utre drawing to your attenlkxL GfvtG USBUF CharteredAccountarts 40 Cresc*nt Buslness Park Bdl4)derry Road CoAntrim BT28 2GN Zo2L
BELFAST BOYS MODEL BURSARY FUND IIN MElaORY OF EW DAVIS) STATEMENT OF FINANCIAL ACThTIES INCLUDING INCOME AND EXPEIIDrruRE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2022 fvnd¥ 2D21 2022 21,023 8.140 5.176 110 Total Incom• 34.339 14,944 flaielng fund* 6.092 13269 13230 Tolal •xp•ndlturn 19.361 13230 Nel Inc4¥m• for lh• y•wl 14.978 1.714 FurKI balances at 1 May 2tr21 68,436 86.722 Fw¥l balanus at 30Awll 2022 83.414 undartha comleSAC1 2Cto.
BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) STATEMEKf OF FINANCIAL posrnoN AS AT 30 APRIL 2022 5.130 88.184 1795 75.613 Cash at bk aThJ kn har 93J14 78.408 Cr•dltorn: aMrnts f•llkng wlthln on• y•ar {9XK)) (9,972) 83.414 68.436 Incomè lund• 83.414 68.436 83,414 The o)mpany Is erllled to the exlIon from Ihe r•qulrwngnl oJnlalrd In sedKin 471 ofth• Cunpanlas Ac¢ 2L. Ihe year eThled 30 W'I 20Z2. No the (xryany lo oblBln an )1 of ib finaniial These finanoal statements have boen wep8rBd wilh th• aFfAIth lo (x>mpaThes . *KI s1Jd on •wbehairty. Slr Hamitton KCB, DL atr CBE
BELFAST BOYS klODEL BURSARY FUND (IN MEMORY OF EW DAVIS) NOTES TO THE FINANCIAL STATEME1 FOR THE YEAR ENDED 30 APRIL 2022 hAY Infornon Bolfasl Boys fvlodel Bursary FuThl (In MenKry Ot EW D8vis) ts a pri¥8ta itynpany limited by war8nlo0 8T14 6RB. Thp finanaal stalewt5 ha4v b88n prop¥1 Jn the thaiivs MwKYaThJum ar l¢le$ ol thè Cornpanlas Act 2006 and 'AC£¢ur 8rn1 Rer#9 by Charhtes: Stalement of Reportlng Sland8 aw1(L48 in the UK and Rewbk of kolw¥l (FRS 102) (Bffethe 1 Jary 2019r. The dwiity15 a PuL4IG Enlity as dthgd by FRS 11YI The chwity has taken advantage orth8 In th8 S(NiP forchiliès aMrThJ FRS 102 Update Bulelln 1 notto Pf8P8re a Slatement of Cash Flw. cies aojpled we sel0 bohyrt. 12 Golry conc•rn has adaquata rOscc•S to cthUnue In for Ihe ftreseoabie future. Thus tho dklOrS 1J Chwllable lundB oigactiv•s. 1.4 Incom8 of thè donation. pOlanc& CLditI7S faquirn deferrBI of the am0 Incoma r•¢ovornbla In contlngent 86s8L 1.5 Exp•ndl¢w• ExpoThlMurn Is dasslllod by &vity. o)¥ts (rf eath acmy mad& ty of thg totsl of dlrect &)8ts and sharwj ¢>. IndthSng sup1 (X In undortaklrvJ eath xtpiity. Dlrect o)sts atbIbutaé to a slrtsle acllty allocated diredly to Ilwi acbvity. ShaBJ (xjsts vthich ¢ontributs Ihan one **¥ity and
BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) NOTES TO THE FINANCIAL STATrAEpifs (CONTINUED) FOR THE YEAR ENDED 30 APRL 2022 1.6 Cash and cmh •qulval•nts Cash and cash 8qulvaknts kndL¥Jè eash In h¥. d•pots hold at 1[ banks. othgr shc¥t.tem IIqLtld wlhln borr$ In currnnt Ilablibes. Tho charity ha5 de¢led to awty of Sedkm 11 B951c Fln¥thl trlnmxnts' S¢ctlon 12 Ihwo Is a loglY •nforcable rw3ht to set off the rerAunised arno aThJ Uve ts kntentim ID 5ettlB a net lrnnsac16on pkn I1rj Iwsg¢th)n (X ar0 subwwenlty Carri at arnortised cost uslrvJ the offedive Interest methcJ wless th8 c1511VteS a fmncxvJ transaclion. transaction is ule0 at t of Ihe fuluTr rec•ipls 15fAyJnW al o market of intwesL Firlal assets B¢ financlal IFabllbes. indudlThJ (xe¢kn and bank are knillglly rnwnlsed at tsan5th PTiC8 unloss vatu8 of thg fulurn paym8nts dtscountsd at a mkel rae d wknsL Ftrw•l IkblKles dlfied a5 payable Trade crnditDts arn obSgaticffis to pay gocAIs ty servw that have been aLxBifBd in Ihe ¢ydinary cwrsg of l>on•llons and Donallorts and gms 21,023 11080 -10-
BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2tr22 Totsl fun 2021 FdlSing e 8.140 othor Inc¢Jm• fd5 k Inler8St Toble 43 5.133 74 2.810 5.176 Ral•lng fvnds T¢)lal Other fd[aIsIng costs 11-
BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS) NOTES TO THE FINANCIAL sfATr1EIS (CONTINUUI FOR THE YEAR ENDED 30 APRL 2022 Ch•rabh ath 2022 2021 Bank Charges CLYnputer Runntng Costs ndry Expans85 152 132 185 13 13 Grant furKlng ol athllles n¢Ag 7 12.000 12.000 13,269 13230 SW1b11fy yr the ralsku of knds and the awardiThJ of PAJall8S. thè tiilÈrfa for Buts*its are drawn up by thg xhool senior Magement and cons1d9r by and aFvroved by th& 80ord and are awardod basod ¢)n ¢Titerfa dmvn up by the BOO of Dlreclots of Ihp ch. tws ar• awarded a Dlr•ctorn dwitiy thJTtrvJ the Yr. 2021 Nurnbor Nwnb•r 2021 Amount• I]ng du• TAIthkn on• year. 5.130 12-
BELFAST BOYS MODEL BURSARY FUND UN MEMORY OF EW DAVIS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022 11 Crndltor&" falllng du• on• Qlher ry¢ditOfS AcAyuals and d&feryed 972 9.972 13-