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
USt￿M
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 Rep￿￿r￿3 by Charibes". Statement of ReconThnded Praclicè aFWi¢able lo chwilies
of lrnland IFRS 102)18ffedi¥ti 1 Janwary 2019r.
It Is my wivileoe, as ch01pe￿on oflN5 FuThl. aml m behalf of ry fekni t*ecax4 to PDbide thl$Annual Rwt
cn the late8t posbon in oflhe Fw4 as at 30 ArKI 2tr21
Th8 pufFKW and 0*￿ve$ (rf the F￿￿1 ￿ (XrtIw￿d in th• attathed Rep)rL It has 8* been knp￿tsnt for the
rgqulrements. To the best of rAW knvA4gdg8. IÈ 15 ow viow thai kn the ￿ 2021.2022 wo wmpllwj fulty wllh all
relevant requ*gmnts.
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 BU￿9119$. tha
and In parbcular the cothtth of the PrinctO. Mary hknwnery. the senkn management team. and th•
supportyig slaff. That ￿1a￿nBhlp lo that the Fund a(*ieveJ its thiacbv88 In
drcumstancgs arf$iThJ from thg Covwj pandgmtc. to ath)pt ￿ ad hoc approath to further or)gwoff
Bu￿arleS Sn addluon b the ttrTre n￿m￿ty avarded. kn Saptwnber 2021 thm ontroff awdrds of £1.IM) 8ath
wore mado to th8 students socond in 88th 01 ￿1¥￿* I*￿1&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 reS￿l we able to alkl lo our ￿restrI￿ad aThl to report lo a muth vAder
aMll•nca th• F￿d 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 (X￿51a￿)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 apWo￿late 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 sth￿l by
h3 noted In last yearfs reiyxt the 808￿ set an owbve to rnake adthtion￿ anrwl for HND and HgheT-
It ig 8180 iMport￿t to Say that thg a¥fstence ul the Fund aThl tts (XJB ObjeCti￿S ￿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>nI￿￿le by a ow*f ￿ or by wular ThM)rthty
donations ItrwDuth Dr8(* 00￿ ortx
It Is the poNcy of the that unrests1c￿ fiwKts Th**h ha4• do8lgn*d lor a speclffic u88 shO￿d 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 (2￿21. £1.714) to ￿y$Styl(￿8d fijnds
lth n(M lolal £83.414 (2021 . £68.436). Trisensm that th8 Bu￿￿leS (xn be fundBd kn the Yea￿ ¥h￿d.
Fund ha5 g(xxl ￿￿nI*l 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 MO￿1ng8. Ihe Rde ar￿ PTh¥w5 of C4rora(ws (*Kludkng appolnknont
ond rnlir8mgntl: Adffl1nlStrab¥eAr￿ernan￿. DirnL*xs 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 RAm￿ur
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¥Is1￿ts ap**tltr kn eompanles 6￿116d 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￿ aUX￿nts 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 Da￿1. 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 unu￿1 ilorr6 ¢y dSdo￿$ kn the accaw*s, WKI sg8klw extlanatkm8 fr¢¥n y
That th8 acc¢unts not alyx￿d those aco)¢mliThJ
Thal thg aCcO￿ty do Th)t comply with the aca>unthw seclk)n 396 of th8 COmpan￿A¢1
2(￿ and wllh the meth(￿S and win(1￿8$ ￿ the ch￿7￿8$ &aler￿rt of Rownrwded Prn(*B
a￿11*1￿ in the UK aTrJ Rewblic ofl

BELFAST BOYS MODEL BURSARY FUND (IN MEl•lORY OF EW DAVIS)
INDEPENDENT EXAMINER3 R￿RT {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 foll￿￿1n9 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 com￿leSAC1 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 b￿k aThJ kn har
93J14
78.408
Cr•dltorn: aMr￿nts 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 er*llled to the ex￿lIon from Ihe r•qulrwngnl oJnlalr*d 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 s1J￿d 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
hA￿Y Inforn￿on
Bolfasl Boys fvlodel Bursary FuThl (In MenKry Ot EW D8vis) ts a pri¥8ta itynpany limited by war8nlo0
8T14 6RB.
Thp finanaal stalew￿￿t5 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￿ aw￿1(￿L48 in the UK and Rewbk of kolw¥l (FRS 102) (Bffethe 1 Ja￿ry 2019r. The
dwiity15 a PuL4IG Enlity as dthgd by FRS 11YI
The chwity has taken advantage orth8 In th8 S(NiP forch*iliès aM*rThJ FRS 102 Update Bulelln
1 notto Pf8P8re a Slatement of Cash Flw.
cies aojpled we sel0￿ bohyrt.
12 Golry conc•rn
has adaquata rOsc￿￿c•S to cthUnue In for Ihe ftreseoabie future. Thus tho dk￿lOrS
1J Chwllable lundB
oigactiv•s.
1.4 Incom8
of thè donation. p￿O￿lanc& CL￿ditI￿7S 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 sup￿1 (X￿ In undortaklrvJ eath xtpiity. Dlrect o)sts atbIbuta￿é to a slrtsle
acll￿ty 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•po￿ts 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 tr*lnmxnts' S¢ctlon 12
Ihwo Is a log￿lY •nforc*able rw3ht to set off the rerAunised arno￿ aThJ Uve ts ￿ kntentim ID 5ettlB a net
lrnnsac16on pkn I￿1r￿j Iwsg¢th)n (X￿ ar0 subwwenlty Carri￿ at arnortised cost uslrvJ the offedive
Interest methc*J wless th8 c1￿511VteS a fmncxvJ transaclion. transaction is
￿￿ule0 at t￿ of Ihe fuluTr rec•ipls 1*5fAyJnW al o market of intwesL Fir￿l￿al assets
B￿¢ financlal IFabllbes. indudlThJ (xe¢kn and bank are knillglly rnwnlsed at tsan5th PTiC8 unloss
vatu8 of thg fulurn paym8nts dtscountsd at a m*kel rae d wknsL Ftrw•*l IkblKles d￿lfied 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
F￿d￿lSing e
8.140
othor Inc¢Jm•
f￿d5
k Inler8St To￿ble
43
5.133
74
2.810
5.176
Ral•lng fvnds
T¢)lal
Other f￿d[aIsIng costs
11-

BELFAST BOYS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS)
NOTES TO THE FINANCIAL sfATr1EI￿S (CONTINUUI
FOR THE YEAR ENDED 30 APRL 2022
Ch•r*abh 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
SW￿1b11fy *yr the ralsku of knds and the awardiThJ of PAJ￿all8S. thè tiilÈrfa for Buts*its are
drawn up by thg xhool senior M￿agement 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 Y￿r.
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-