HMRC I>IARITY REGislliATION NO: XN 45105 CHARtTY COMMISSION . 14IC104998 BELFAST CHARITABLE SOCIEtY TRusfEES REPORT AND CO.NSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2022 BELFAST CHARrrABLE SOCIETY GENERAL INFORMATION President Sir Ro"nald Weatherup Baanl menkn msDGrn￿M Mr A Moneypenny mrcGra￿rn Mrw Osborne MBE Mr D Watters FCA Mts N STnte Mr N Harkness Mr M Higgins Mr l Elliott S Brown MrAAd8ir (ResFgned Jan 2022) IEIECted Jan Z022} (Elerted Jan 2022} Chairnian MrDWatter5 FCA Honornry seuetary MrA Moneypenny Treasurer MrW05borne MBE ditots Moore IN.I.I LLP 4th ￿oOr- Donegall House 7 Donegall Square North Be￿￿t BTI 5GB Buslness"add Clifton House 2 North Queen Street. Belkst BT15 IES Bankers" .Danske Bank DoneTall Suuare Wesr .Belftst Bn 61S Solicitors. Crawfcrd, Loc*hard, Black 5ofwtors" 7111 ￿nenhall Str*t Belfast .RBC 8rewn Dolphin "iith Floor .Lanyon Plaza East Tower J3nyon Pia "Belfast." BTI 3LP ChaiityReEisEratlonPIo. XN.45105 Charlty.Commi55ion fr¥r￿1 No. "NIC104998 ELFAST CHARITABLE SOCIErY coivrENT5 Page Board's repo.rt Independent auditors report .Consolidated statement of financial activities lincludingincome and expen.diture account) Belfdst Charitable Society balance sbeet io Consoltdated balan￿ Sheet li Consolidatedstatement of cash flows 12 Note&to th.e cash *Iow5tatsment 12 Notes.to""the".financial statements 14-25 BELFA￿ CHAR￿ABLE soaErY BOARD'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The Board presEnts tts" annual repcrt•nd.financiai 5tatYments ofthÈ ScoEtyfor the"yearended.30"5eEknber.2022."Tr* BDurd. h3¥e adopted the prov]sionsrif.U*Statemerito!Re£ornJnpnded PractKe Isorpl Actountuvxartd Repu"rdngby.ClwilI￿ {FR5102k Referen￿andadm1B15￿at1Q￿ d*ils Belfast CfrwÈt3bFe SDC"iety-.Ès retsEred as a dmritywith HMRC (Charity Re•"NumbeTr.XN"45llskThetharftyrewsteTed with thEtharity"Cummith" tr"Nlun25"April.2016 INIC 1fr15981. its prirncipa"lthce2nd."Teysforal office Is.Uiffon HDU5e. 2.North a￿Stree￿ Belfast fft5 IE&. The tr￿le￿5 and offlcer5th* ha¥eservèd duthng.theJEa.r and&nTr ￿ yearend ￿*re as￿￿low5. Pre%id•ff ". .SrRonakl WeatheEUP Irustoes. IAr.CGrnhom Ms D""Graham MrN Hath￿sS Mr M FfjE£ln5" {ReA￿￿Jan202Z) MrWOsbDrne MBE IArs N sI￿e Mr D vlatte￿ FCA Mrlan EIIIDtt Mi55S Btown. MrAAd3Jr IU2Cted Jèn 21ll2} Iletted lan ?azzi Chairnm Mr D.WatteF5 IArA MorypEony Tr&sureT. Mrw 05borpe MBE BElfast tJzrTtaWES(iLiety (BCSlsYa5-setupTn 1752 to £ddrtss Fwjverty 3nd IL¥Jkafterthe poorof thetowtL BC&did tbi5 Lry bullding the ori￿￿￿1 poorh)u5eand.the"fts.h05pitsI"in 8elfasL Thi5 ￿uld1￿& Cllfton House. was.0￿Ed in 1.774aiidstill.rernèip5today a5 the citv5vldestw0th￿bU1lthfft￿.y1￿th.theoW￿￿ll being the oklert tharity in Northernlreland.fv.knietymntin*R5to ddre55"povutyand"thsadvaDtage ip manydifferentways acros5 Ncthern I￿]an The objective5.of the society3ssetouttn.the L996Aciof ParfiamÈrrt 3re: "ISF to woJllDr"any th3itt3tjlEa￿￿ttPS￿hlI￿l ad¥BTts the intera5tsqJraiE.ftsr the bEv*fitof.perxutsappe3Tthgts>thE to be di5thantasrt pr￿arly.￿rNOrthern Ir&nd, IndudtnB the ¢are ofthe eldèrty. the relief Df ptNeFty.".hDmele55ne5 th5tTES4 infirrnity. and 5ickne55 and prtMdirw(ur all thp eEkThtEtinal otherr4uiremwtstsf.s￿h PEW5un. ratld Ibl to partifiPHle inand all fr¥rm50f cwperdtiun among apprcw*te PHrtiP5whith areCHWatedto3thi￿anV0f Èhe objEtbves mentIor￿d in pBragrnph lal a￿ve Belfa5tChtrit3lleS)aetycosrtitiu&stocreate hiBhleveL¥ of pu￿[¢ thr￿h its kq ac1Mb￿ Isee"'AthievETnènts"and perfurn1an￿. settioD for.rn(KE.detalll. ID"thisyear.thts tsn b2 its workto iEad and 7nfiuen￿ w howF¥hi1anthrcpy i5 and d2￿L￿ed.7he SpctetydeltveFEd a prryramrneof grants to: help famlfje5 rn ai514 pruvTde bU￿arlES and SUFWrtf0r￿￿g adults from I￿1￿0Me.ba&￿OUndSaM{SuPptr& innovarive way510enh3n￿therreducal￿3￿ al￿ tiihElp new Comm￿[be5 inteErate thruuBh.eduL¥tiup It.de¥elopEd and5uppE)rted woiect5tiiallÈvlate fin¥￿1 burden crRated lrythÈt05tof lfvuryuts15 inclLW]iry help to Set up a sodal %iPErmarkeL"Iwt.N"orth Bè!fa5L TheS(KiEtycoithued toprThidefinandal 5uppNL 5klts. and to lead D￿.￿*fjd￿heri￿ led regeneratson Pr(￿e with thÈ North.Belta5tHeritsV auster.ThpTeby fts herttsg2 asse￿3￿￿ e￿￿Urth tjUipT5tr Utifise.their4 iohelp ata￿e phy&¢al￿MmIra11d su¢AI regeneration. BELFAsf CHARITABLE SOCIEtY BOARD'S REPORT (.Confinued) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Itwovw. finaKial suppDrtt(I totyiptetethe severth ￿r of the B3Tb0urFUr￿.pr0gnmMe.enabl1nE people from le55 well*)ff back8ro.unds to unprove.."theirliyEs enhancng tsr ern￿Oyab]IEty. by proiiidbJgactivÉknesto reduce the. Tsolation frlt.byolder.peDpI￿iTrd thwugh the provision of eduOtE0n￿ resour￿ forlw￿pe0p1￿.fjUtslde of tnainstream education.This.yearsaw the last allor3tK)n from thls furtd. Jt supported aifton House Centr¢ helpingit to ￿Ul3te and inforrTi"rnembers of the public.aboutphilanth"ropyand the ÈrrfluEnothe Soaety had in the￿e¥eIgpr￿e[rt of Belfast and in addressi￿lI15adv3ntaK2￿Oce175z Itueated and maintoinediob5 and ￿lUnteerpO5ts. Intsdinked ￿th th4 it fvtfilled tt5 Ctistadial rde tywesayingand safeguarding the FIDttse arKI ltsvastArchi￿ cojlertion whith a￿ in wm u5ect to supportworkof its 50cMI.entEYPll It continued ti) dwetop its MaryAn"n mL£r￿en Fourjlkt￿)n and Risè awarenEss"ofthelife and":vJorkof On￿Of Belfast'5 most.SiBnificart50th1.refoTmer5 and philarthroplsts. Looking3t iS5ues".arDund poverty. modem dayslavery. human and equality. it raased awdreness 2nd prcrfnDt& Conversth￿ aTovnd these areas forexam"pl¢ obvlljo people *tended aTr eVartf0￿s5ed DnAfEhan refugees tslling their Story of lrfe betorethey 1eftAfShani%tan.andthe￿ lives here and In Rol. As We￿ as thesEthree areas". tho.SoaEty ublised its prop&ty a%setsto frd"cilitste"a rangeof care for-older"peopl AIIov¢Fllg.￿1ItQd wovidw5to le￿it￿b[Al£r5nss..tD house nUrSir￿ and ￿dentTr￿ r3re.fndsupported.livrng Grant Th4kyK¥poltcy BC5 continue5 to-supporithe.￿lrk of other5 wlv) a￿ addreunB po￿tyartd thsadvan*.JL"does notrun anopen g￿nts progra￿ffle but instead loo.ks atway5.that its financial SLPPOrt can irtvEstandknThthrniwhle maklngthe m05t pJ*tfve inw¢L The Society"align5. its anTwal 8i¥ing"inthe ￿rt0 it5 ifTvestsnent return but given the pre55ures3dded bythe onEoing impact Df Covid and the c05t44iving Increases on -the lool rnmmunity and the reductM)n of the arnount P3Ydble to its pensions scherne it inueased its"2Tart3wa"rdthtsye3r. followi￿1th[eVern&ts and perfornknce refiert the.main É¥penthts¥einthe.year. rants: Em ed￿catiOn. Dirett - Eartylttrr¥e￿TrWork (Fam1.lySupE￿. H"Ub1-￿ Soclety provided SUPFQrtlorfamilie5 Jri crlsls.from acn￿% North Belfast byCo￿lThgthe"C0Sts.0f two hoinevi&tor FI￿% immediatsaccess to youthe￿f0r.th0SeM0st.ln.nEed".This reflects our originèt outdoorrdief sd*m&" The North Be5f* SuppDrt Hubs a￿ based upoTr a miilti4isciplinary2pp.roath toV￿rkIng direct*wSth.familie5 ￿ crisis*the point bef￿￿ they need 5tstytory IntepEirtion. Fin￿ O£tobEr202L 85kThilies1103 parents andwthlldyen) h￿f.i￿• siipp)rted the M fami￿ 5UR1artworkers through referralsfrom both Fami Support Hubs. All.the frdmilies who werEreferTed for supwrt received ernotiODal and LEhaviour35supE￿f0r(￿￿dren in the FLOUSeh￿Id axed 1p￿ThefinO￿43lfun￿￿￿forfamIf￿ referr￿ through thè Hub5 TIAS a.lifelii￿.fOrM8riV. -CommEinllurp05e-young P￿PIefrQrn" aurts5 Northem Ireknd appliedto N135" with40mMpletTng.the pIvBrdmrr￿. 45% - NortEE Belfast￿ lirÈrnary"5c"[￿OlS.BU[Sar1e$- 86 studerts d￿rdad wkth help Ta￿1nEfrolThdQthInSf0rth0Se"In EOTAS. Cou1￿￿11n￿forthoSe inwoaineets.sdth)"ts?rk4 31 sbJ(knts receNEd Sup5￿*￿.3tt￿nd univ￿. -creative dwtal Hub "the Soaeiy Initnts"d yJpw2 for3 2-year pllotto iiuifd a nvwTrbtsl Huw for¥Jp to.I750 stijdents Y83rs &14Stur1￿￿.frOM north Belfast.and le￿￿e in lsver £5(￿k to enable"ths".pm]ecL The"hubwill develnp core digtal zTrd collaborative 5klll& establi5h"a"mUd￿ dassroom to de￿V￿rUJrre￿CurrlcU[urn iri a new.w."CTeatea project- based dig&tsl ¢f¥rlrJ￿fjl eg 5ttHI￿ will be taughi ￿ compaNes who makE internatiDDalvideD ￿r￿..a colM3rt ofstudents. te&hers an&sdK￿L$.tra1Ded on ro1xit1￿ and Soft¥ts￿ from an ou￿de company￿aN1 itwll Creatè iiiill".work*ith industry and -5upportvia5.also pmvided.t07sslst 130vL￿r&.pe0pIe from NDrth and West Belfastto ÈmpruN* wnployabilityth"rot¥h 5p.ringbo3rd Opportunitses Page 2 BELFAST CHARrfABLESOCIErY BOARD'S REPORT {Continued) FOR THEYEARENDED 30 SEPTEMBER 2022 - Anaka".CDltective {MiBF3ArWomerf5 Etthrntion projertl-fUry￿ngWas providedto tthwthe tosts of2.workerslrom AugLtst 202Z sIn￿Sta"rt1n￿.the1rTDleS theyhave WDth with Anaka's VD1unteertearn.deli¥eringeducat￿ dlnbfor womenfactng thallenEes"relatingtothelrthildren's ènd th*r own edL￿ati0￿..ThOY have rtrstarted"knka':s EnEftsh Convers*ton cTa55e5 in person and anti.n4"and begun Tecruttm2rFt Of t&cFung¥(itunteEf5trJA5s15twith ap.lanrLedafter- School hom•vorkdubforchildren. coEweT5atsO￿ are ongoing with a range ofAakEhofdus tTidudinE"school principal5. po11ticia￿ and wmTnunitygroups aEKJut"the de¥￿0pm￿rt of &Jucation proiecL . Horn of AfrK8 Veople Aid Nl-"180"5th001 th1] then recuved broadband connecbon5 aFKI 120 young"pe0￿e 5upplledwith digital devices ￿b￿n￿theMto"r￿Tr1 Outthewxhoolwort addrtTror(al (Krt¢0M￿f3rnlfe&" whu.￿S￿"did not rrf)w able to bettererpgaze.withtheirwKlercDmmunltyand a*il of WANlservlw, and therefore irKreased partKI￿tIon acti¥Eties. such ast￿ hoi)wirirk dub. dropin £Entre. women's supportgtDUP. IntluencF an&encoura Phllanthro . (kngO.Èng5Up￿ was provtd.ed tothe FundersForum Nl trj ertsurE th2 develo1￿entof.￿l1Cy and operationalworkfor indepenth"ntgrnrt m3keT5 across Nl. included con5iclerdttun ofthe impBrtof the C05tof..LivinE usisonthe corru￿nIty and voluntsrysectorand.its beneficrdFie Re eneration thmu . Oirect . The 5oc*rontinued to 5UPWt wurkto.catatyse regeneration thrLMighlhe use of IDtsI heritage. a55ets provNlinK."IlYh match fiLndÈngto the onE-ye3r£ontlnuation"of the Great Belfast Herttsge o￿rp￿J￿ Inthe period 11 o￿anIsatIOns, YesponsÈbfeforhlstoric buildin8s and51te￿￿etch4nE 8UOS5 one mile from tPFe aty ￿￿tre"ll￿ti north" Belfx attibety worked on th15 fYtsJett.At.tsDrganlsal]onal le¥d thi5 achIe￿I improvErnents in goven)an@ manBge.rlal a.t￿ opErn￿or￿1 £apaeFty, and buildÈnES aDd organisatk)"nalYiab!ity.."Auoss theBrea the prolect prodLbced urban des￿ proposalswhlth were £onsulted vn"with"a Tr.nge.of 51atutOry STaknholdern rndutfing tr* dEpartrnentsforCommunllies and lthstnKiure: and a comprehEEtsivearthive Tna￿ag￿￿entand.aCC￿￿51b1rrtY pmiett with all auster member5."the"d*niert"of a comprehEthproBramme uf communiratiork and marketing ab(Ktt the proiect3nd Uu#erinemLYr Addre5Yll .DIs3dvan - Partnershi nts and rna ed ftmds . Tom HowaFd..The sodetyEr￿￿￿ its leEacy teque5t from Tom Howard vms awarthdtii SUPPDrt arti￿￿£$forgIder pÈopl&Tth5 T•thS donated til co¥er.thÈ costs of a prryect that enab12s thr)se"with dementia ar￿1 theircarer5to aixess SXi3 and 51LPPOrtseNicLs in a heatth andwell-being - Barbour Fund-year 6 vi7Wa¥"r￿MpletÈE1 In 2022.. mdent >TPDrt.indud4d: two in andsocial Cère courses at BMET.one"strid2ntTn Blosclertts Oegw arouB, numEfDUS Hosphal."sthuDI studénts wmpkl Hortic¥ltrJre znd Princ¥5Tru5t.GSCE cour52sand attended team buil&iry and sthool ouknnBkAsorial supennarket lE￿1¥e￿ supportto woyide for North.BElfastfamllles with and 4QK) comTnimity'shop< inc1(rtling.Indr￿d￿l shoppingtripsforover55sand.21WJO healthy rnea15 p￿ded for Dl¢Ser w(￿eninthe Colln aTra.Also"sup.portwds &¥en to ¢￿ate è safe" spa￿l¥here YOU￿"Peoplefrorn difftrEnt ¢ommunities rorne togelhEr inthe ERmEof.5PLY4 I￿alth eXerC￿e. - In the PEltod afvrther£2."5110£ame.from"￿rkntsr famity r￿￿er and wa5 all(xated to the Hospttal SthDoL - As noted.thESouety provide.additiort81.fvftth to ￿eate a sv4enth year ufthe"pTo8rdrnme and as abD¥e thi5 5UPFN)rted2 5eri* of￿[SIneS anththe workofthe Hosp[￿ Schod. - HL&nterSntyth.Fund-thi5VdS:ÈSVdbllshed ID 2022 thre￿ a partne￿￿1P betWREntheSmyth.fam￿7 and BelFdStrh2Titable Society.ThE fwid wlll 5UPPOT¥znd empDwer.to make di￿Lt and la5knng imLort.thrO￿" su"ppDrtfDr" proJ¥ts orEahi5atlons which are.TfvEII run and pmpprly managed.and delI￿r acti￿ to address d￿advantage- 1t.is antiLipatedthatthefllnd W￿11 operatefrr 1Syear4 indudiDF2022. In th15 yE3r it erwlAÈd those with demÈntiaarwJ thelr.carer5tD a(xek45Dcra13 5upportsekrylces in a.health and"well-beinE Settt AddressTn &tsadvanta Cari for older The SDC5etycoDtinued to.fdalltate".the careof c4dEr kE¢s￿e through its built" 355Ets throLth."lea5eaiTangemEnt ¢rf it5:.lOC bed rkuf5inEhom4.50 units of Indep￿dentIr￿1￿ znd a 27 bed E5idwtial home. Page 3. BELFAST CHARtrABLE soaEtY BOARD'S REPORT.IContinued) FOR THEYEAR ENDED 30 SEvfEMBER 21722 .ThoSo¢*u￿￿￿IW1t.a￿d aTthibE"huit￿etD wwotÈ thè bekn.dolngfor Z70yearsto remind othetsefthe need tocontin*todDsinthrw(Tktoday.MLth ofts k5 defwal t￿ sodal enterprse.ckn Hou*fatire Llrnited. The SocietyfunEkd CÈntre Urnithd intlw5 periré ts.. brrLg okntr4ethEr to di5russaThd address disadvart*tQ Cfe*iDbsftir.thtse:from thE:éepYNEd ￿rtS rrfNorth Bety to rTratewJuDteEr.05¥KXthnft4""trdevelopattddeliver seniices pr￿Idea￿t0the￿rthIve￿nts e{k￿re. ufforn and eDtertsin otheE5aboutour Addre An"D ML£M*en Fourtdati . set up bvthe￿Wt0￿￿br3ie1i￿ I[eaTKlWo￿ L5fth&femar*2bk vrtP￿#n￿a￿d her te£aGyantireithPn￿todaY.ThPEQ￿m[aTl9Trw reco8Di&ed ￿3charIlY￿the￿ST1NI I de51En r*w%*aysthbIaryto￿fure5wd ￿￿￿￿tare￿$ rele￿nttOda¥ 15they weT2 in hÈr.tllne. Penstun Arra relationtrtht r*nsbJnarraTymentsandtohdp irform ￿re￿L[led dEtigtsn mak ThetraifingcaJ?paErfs pr1w1￿ *1¥ftycontin￿dkn be thal ofa Hefftge COnfeTEn￿l￿ri1relOBeTffite" ￿(oMe.4￿d.t0I￿P promote thpfrM#oryiJiBeWa5t Ch"athblekn*. Belf2Stth￿4i3bIeS￿￿etyh￿[On￿￿1thoWrn￿￿)th2ble rrnwny."aitton".CaTelkm*iiinited vJhTth" iYas.tizn5FeTred ¢yi 31 Marth 2018apdtho(rfftwdi5s(thdtiD 30 .Juty.2019." Belfa5taY3rhaMeS(*setupthÈMayAnTh in 2019..Th￿15?r0mpa￿1Im1ted bygiwdntee" wlyth7X&% FlTran¢alll¢¥iÈw"andRcsii¥foT.thEVE The resu115fvr.theparares&LWtoN page.9. Intomefrom C￿¥t￿o￿ Lwe5 Y￿S1OW¥than th.è pre•ioll5par butthi5T anticipated ?5thegKEty(ttbYt.e4*tii re￿￿￿￿ furthw dorrfuonfrom the John AChes0nF￿E*￿tiOffj"chartrable".A￿1tsa￿¥me1$ rel4tEd reelEKUon tn.r05f& Atthe ¥wu￿￿1s￿l*fibtrIOll.theLWhh￿ b31arKx ofthe rettrfLted and uDreY[￿WereE43As9￿Nt£1zJG2￿sL PlansforFubuE The Soci*1￿1.3 *nn1E¥Se￿.1I May21)22.rew5ttyw tts rt￿teg[C lan. thipurpose0fthese5gDn"￿tijt3ke"5tQCk.Ofthe£ur[ent strategirditÈcUOn?￿J.toSp￿dI•￿eP￿..￿1.[¥h5f￿Ltfft threttEM. The sessiorkwa5lhforin￿ by￿￿￿thea￿1eVernents ol the r￿five year4"araNgeof data FWil*htiEythedWnBw￿naW￿e of poverty in Narthem keland.atwl BEifastlnsMtythr.wlth an a5se55rnentaFthtrbr￿er imp]￿liU￿5￿swety. tyndabriefiryof whatthts mean5 2.EMpower￿eIIWb0n:andsklIs￿lMpr0%tanF￿￿knFLy. 3.U51ng h*gea5ata*trwevnEfaii￿"￿arEa5 tFf£UsattvupBP- The BQard8EreedthaLthE￿irkCéBe￿￿tCha[ItabIekniay￿ll continw to Eegupaed.by.the¢￿Er3r￿nBthen￿ ofaddrEwte.SO£& and e(x￿mIrc¢lsath￿￿ty 1tmqsa￿3￿Etdthat Bthtcharftable Wuuld carry0yt1tswo￿Ibr￿Eh collaborEtÈw a2￿.35a￿l￿EStbroktr.rnakjIg ithksand conrt*ttorts ￿trojr.ne1wk4 al￿.Sha￿￿EbeÉ".￿a￿1CethTh￿￿b lliFe4eami￿The BDard vjMlakn".pnarilr￿"fft1nElts rn2mbsslup base oVerth￿￿10d ofthi%stratwplan. In deliveEv¥thefthwk0Fth￿M￿IAnn Mcctatkn F￿ndatiOn ttw41 w th1￿￿￿¥￿h￿AeTO-3ddrEss"s0UalbMi￿ i45t**thith di5adwa•vari￿5VOWb$￿#peQp.l Tbe Soci•￿[(0￿t1m￿tO1a￿￿I￿li￿.r¥eof￿thrPe￿thr(￿hthe kasEarrang￿TrtUTr its￿41d Irh rpl*tontothe prwEvatTon aThl pruMo￿on ofhuits8è, f¢￿1 rontmue to incre352acrE55toandi￿of affron Iiw5e.foimEthgs tou￿ aThddtrffe"rentfonn5rfsperiaU*."ebErts.Ti*seactNttEs coTrttNe tts-be usedto.promotp phlanth"ropy. (rÈate ￿￿ornef0rthè P4e4 BELFA￿ CHAR￿ABlES0￿E[y BOARD'S REPORT (Continued) FOR THE YEAR ENDED. 30SEITtEMBER 2022 Five AttsaEPzd1aThia￿thE mustreceniof*thTth bEinE B4Fast tharitrtrle5DaEtyAtt 1tyA.35a￿.h￿g￿YNedtt￿Sti￿ety.fvsDcTety Board WLfoffitEr&.dectedbYthe"5octh.at.d*AQI.gLkdtrttEAts￿1￿5 ofts or8anwbM thTtyqhtommTtteesthatTepurti(ithe"fu113£srdzt seBularmEebnB Board I￿aR￿.15[￿￿￿￿d Dn a"YeBtht ba*fo sklU¥ kn￿￿ * exper4ence wÈet5 thp nEwts OF.thE0￿3I￿atKryL Ifcap5.aTe Nkntlfie new Board muthrs are ¥WUtÈed arwj app￿nEed on Board ¥PFtrfjP haYinE prore55 at the Rtmuner3tiaos Al35tsir *41*t0theBD3￿. R15k In rOC¥Etpa.￿1wscth risk5￿￿￿1S￿e.pr0p￿iMtsf direct furdder FeDpIE has I￿entran$t￿r￿dtsthWd to kZthbpprvJ."d.the.Co¥T&19guthreakanditsatrriAathcoJrti￿ to n)yctaryD558 DfT￿kfèoOThf￿rthe-5O0etyand￿Swtsll￿f￿.5tiV￿e5 haVe¢art&￿Ed.kn￿aD@2tQTeRÈttb￿ththeea5￿Qffe>xFrt￿ 3nd the pU￿￿3￿1￿￿51o[e￿rnTh¥t0 ffleeknng"aDde￿Jtsi￿11.7nthX￿ ThethutLlandWiskfJlEtKthh7scoThttriuEdtoin*ta5requ￿Ed.ThE PA5k RryitriYa$iiFx￿￿￿.tQ ￿.dAy51n0SkrnBn￿Men* ReseMspolEy wlll kn usdforsi>EufKprvJi*in approprratE. ASt￿¢¥￿t￿anA11￿￿I￿1eA.l￿iedb￿I1th&Vihthl*le￿ tv unbl ￿.￿TlEBVa14 scon5uwsthatith35ti*-Jdkn*e r2SpoTh4JTry.ofewJriryBeJ￿oldesk￿thD￿￿n1d￿￿ k TrAitir*d kn f¥tLre werabwfjof theDfwi4ikn13ThEtheoWS￿p￿aI￿T.7hts￿ alsv trUeofthEwork3nd.leKacwoft￿￿￿3SapI￿antl￿￿xcbQdy: Investnzentpub The 8oEré Ib051￿p￿rt¢1ln¥cSt￿$uth stth"aThJ 5hwesaskx ftL TnepoRyi5toathptamEdlwnJi5k&rt*AmEit.&tsatwbasEdTh 7he 8Earfién¢lEfsiorln￿Sbne￿m￿Aeu￿ts￿￿pto￿der ￿thre£ to five￿I5￿ul￿￿￿aquaI￿se1¥l(￿ Siven gTOtsSE4*rt5anOthev￿3lm￿ty.rlIthe￿ar￿dsIhe been ￿ CO￿￿Ct￿lI￿ thein¥e5m￿￿J8ero￿4 mwereBuIKbèg5ifÈ.rf*periDd. FUrtherts*"JwirRtrndeFw%￿5mrM￿eIMl1llP ￿e apwlrttrd auth￿ to the s¢XiEtya￿1n arc0Tdante*ththech¥￿SjttQ￿rth￿rn I￿]3￿&PL￿jBa￿d aknAct[Narthunlrel*￿12Ol3 forthe toj￿ 2D24. the%￿u￿Or.der￿ofIb￿s0cWiurt￿PErftsd.In wepannE tFMseknrGI 5ttsmty.theBL4vdtsreq￿rEd￿tr: SDciety.Ttrtyirealsore5pDny*lef0rsfeBuar&wgt￿aSSets ofthE S•iety ¥d ￿￿￿f￿￿￿￿Te35a￿1b￿slePs￿UrtheVrnv￿ri1ndd0le#knTr of fraUd3Trfeth￿Irrell￿ri INDEPENIWAuixfoRY RElU￿T0THECORp0￿￿T1ON OF THE PRFSIDE￿AryTr Optnion We have audited ￿￿.3￿COun£$"0f Beifast(fv"Trtabte" SocTrety (the thaThty}Yvrthe￿rEnded 30 sePt￿nber202Z.￿h￿C0Tfiprl5 the Statement oTfinancial 1a*vrt￿theBa￿rtt th2eithe Statement ofCathFLow9andth"OEmtes.tothoacco￿ wKluding a 5ummarycf.".sEnificantaLwuntlnEpofKiekThe financal reptsrtU￿ fram￿rkts has been appJle(l in theIr"p￿3[atir)Dl5 applicabl2lawaT]d"United.Wtm ACC￿nting5tanltsr￿5, induding F￿ana31 ReportI￿Stsnda￿lo2The.F￿a.ll(l1 Reportiijg Standard appScab"le.inth"È UKand Re"publicof I￿13nd Iunlted thgdDm Gewally..AcceptedAccouDtiog Prnd1￿l. ouropiniDWL - gI¥Eatruèand.fairvi￿."on.the" st?teofthe""charitls afkir5 a5 3t30September2022andof ityinriYnln8 resourte5 and. apptication of fEsourcu itdudingltslncome and elPen￿th￿ for the y2ar.then ended:. - kavebeen pruperly wepared.in accorda" nce WFth thÈ"Fna￿aI Rewrting 5taulaTd.applicable inthe UK and Republic of lfvland {FRS 102) leffechve lJaE¥uary20151- Icharttses SORP IFKS 10211, Finhnual ReportingStandard.appficable in the UK.awJ.Repubkof ]Teland IF￿1021. ave been preparEd ￿￿trol￿a￿e"￿Ith the requtrernerrt5 Irf the Charit4esAct (Northem I￿knd} 2rTh andthe Act Iploythem Iretandl"2013. WEtondEtcted aur"au&Etinaccordantr wilh International Stanthrds on Ajjdibng (UK) {L5As"IUKII and"applir3bJekn. 0￿r re5T3onsibiltties" ￿derthOSethndoTd5"ale"fvrther dE5Crr￿ in Aurfrtctheexi￿rt"Otl￿￿￿xp1k#tIY stated in Durreport¥Jedo"noteKprES¥anyforni ofaswran In u)nnettionwith owauditoTthe acwun4 ourrespw￿ib1ffty ts to read.the"other. w)fonna"6on aFlll..in..doinEso, tiinsde"rwhether the otlw 15 niateTwl1wirKi￿SI5tentwlth the accounts or our krtowle*.obtained in d* a￿lItOr0￿1￿1Se3pPÈ2rs to determineTth2thwthere"i5 a material mTsstaten7errt in the aCCc#￿S or a rnatertal Mi￿ateTr￿￿ ofthe other.irrfornstioTr. If. based ortthe"workwe".have perforn￿d."yR cO￿dudethat there materjal ￿￿￿tement0f thls otherinftirmatJork."we arè reguired to reportthat.fd We have ￿lI￿￿.tO rewtinthls Tegard. In ouropJnion..ba5ed onthe":work undertaTren in the CObJse Dfour audrt . the orffwmadongivnn in thvTn]steg Re￿¥t for the fjnaniièl yÈarforwhichthefinanda15tstern"ènts are prepared.is consstent.with ther￿anCIal"S1?lernentr, and ..fvrntste￿ RepDrthas been prepared.In.accordanee wtth 2pplica&eJeEal.reguiremenL Page 6 ASSISTA￿OF7HEHEiFA￿(I1AR￿ABiES(?￿Efy M¥iteE50nwhith we arerE4ylredtO IEpoittyex￿p￿￿ In the lightoFts-.knowW and undEtsLandinB uFtheTnE5tees en￿1￿ment(￿!￿￿ mtheCou￿.oftheaudl"w￿hove not identsf￿"MatEy1jI m15slat￿￿1TrtheTrUsteE¢ RWL We ha%* ￿lI￿nE.t0 TepDrtin respett ofthe foknwngrnatters in to Ylithtr*Corn"panl&s0ttX￿reqU￿e5ustorepQtt1o￿v rf. -th2aEtourts a￿￿￿1n.3￿eu[WItWlth.th"eÈcc0untin￿record5 and rÈtVryW,.Dr - c¥rizir) d15d05ure50fintr5'."remuneroknDn specthed bylaw are in)t rna￿. or - V￿ have notrEcei¥ed al14heirrfmnat1Dn.3t￿ expknthr6we requirpfurouraudl. A5 expl8ltR& m¢X2fulty.inthE5￿è￿ie￿OtT[ttsr* Ae5PDttsN&iw, Tri151w'arewon5Rtsiorthe prepaAiianof thea£tO￿rcs nd for belngsati5fiedtlMtth•"tsatr"and fatr %iew, 7nd fc*such irTtema mntrd asthpthiEttwsdetennine enable the weparatrm oT.acmuntsthataTeiree"fr0rfmaterf￿ rnt5SE3temert whÈtherdu?tofraud"orerryJr. In preyètingthe￿theTTllSteesxre.re5￿y￿dP fc*.855&ng tsE Chartrfs a￿￿ty10£OntTh*.aS.a.KQI￿Concen￿ ￿￿1>$Ing& as ppIT¢abW m3UErsTetatedtogaitt.oinrem arid USI￿ the ￿nE Con￿ ba*5 ofacuniritir¥E un[e￿th"P.Tn￿e5 ehherlnknd to liquidate the roTnparyLrkn cweopElati￿S. llr h￿..noTEali￿￿ alternatNe but to do 50. Our cbletEb￿are{￿.obtaIn re￿nable￿$￿Wan￿ a&oYtst whetherthe XCOUDts a5 a wholea￿.f1￿efrorn ml55taterriy￿ whether .due itsfraud.or errtr.andkn issuean a￿￿￿￿.￿ep0rtthatknthde$ ow opknDn. Po￿￿¥ble ￿1rance 15 a wfebY"l of aS￿r¥￿e but is not B guararrteethatan auditEonducted 1ryacc0￿￿rtt (UK) wll dptecta mBterolmis5tatenieDt.when itetst& MisstatemeDtyw*lsefromfrdwI areyr11rar￿ arE cortsidEred matyl rf. IrthclLFlly" urlnth2aEg(eg*"thtycpuM rea5Dnabtybe IErEgulaW irK1udi￿fraWl.awE￿￿Sts￿￿ Of￿￿0￿￿rar￿e wtth and re8ulati1￿5:.wÈ.AeYBn plut￿llreS ￿ InÈwlth"our respon5*&￿￿e5.uud1r￿￿abO￿.t0d￿tet￿ffl3tewl?I mi$5tat£Yrents in rBspe£t oiiwlartTe¥jrv￿thnBfrJu￿The exknt"to%¥htth"wr The obj￿￿Ve50fOura￿d￿infe5￿rOf frautL" 7Tt to idenflfy and a5w the r&5 (rf matertal.nJi55￿ment0f tli&flDwolsiaiemeTrt5 du2 to ￿￿.tr•Oh￿in ￿ÈAt2ppTop[lkn evldwce ￿rthnE th2 a5SP55d rthofrnaiErfal mi55k￿mentd￿.trfr1v￿. through SUspededfrdudwJthREdilurrythe"aud5L the prrnary rw¥￿b¥tty tr￿th"Ep￿ve￿￿￿a￿d.de*￿kn Df.fraudre5t5Mryih both Ourapproath w05a%folo*5: . WeoEJl3i￿a￿.undeI5l￿￿dK￿AifthÈ1e￿alzThd reBulatury reqLirerTrpntsarvl1cab￿tothe(￿ar*ac{ThidET￿dth￿.I11e-￿aS1 siBnifitontare"the ConipanE5Ait.2W6 aTrd th? fmtirtEal RepDrbng 5tsr￿ard applicablel1ithp.uK￿d Re￿t￿f..Ire￿￿d IFRS 1021 [effealve"l.JaruMry20151-"ICharilie5SORP IFRS IWII. - EEWiryO!.manymrt tliose d￿rEedwI￿.&o¥E￿?TrcÈ3￿d the ￿t￿ss￿l￿10￿.¥rnUnd acwal and I￿￿al fit3knuA.and £liim5. - Eiiquty¢Jtentity5taffpicThnpllarKe.furn*ta￿t0 fdentp* any anyDon-cornpbaMewth lowsand WEEuloith - l*wEvAngf￿nliol5W￿Mthtt.d15dpsuwe5aTI1jÈS￿￿ to supptKbng ctOCUmErtsthn to a55e55tompf*nreWth appliroble-laws and - Au.(MnE..Vki￿iIf.t￿aIta￿e￿ie￿toVeThid2 of controts, indudlngthrD@i tÉsttw journ￿ eEffrie5and ollw7djL￿￿￿fOF l¥ge 7 BELFASt CHARrrABLESOCIErY INDEPENDEP￿AUD[[QRs. REPORTTO.THE (I)RPOK4T]ON OFThE PRESJDEKfAND ASSI￿AN[soFTHE BEEFAsrowufA￿ soaETr ICorEtNwedl As partof Iri audit" iNaEcordarts wtth1&4s.IUK) we &Yeruse profes5￿r01 judBem"ent and maintsin.wofwsional 5optsci51ll" through(Mtthe auditi We also: - Iderttfyand3ssess.the"iisks"of materiafmi5513tement of the financr31 Stater￿￿ts. w￿￿r.duEto fraud.or UTor, design and perform audit procedure5.respori5iRto tW rtsks, 2nd obtsin 2ud¥t ewdencethat.i5sufficient and.appropriate to provide a basis for oilrapinion."￿..rl$kQf not.detecti￿.a material mi5stat￿entr￿ltin&frOM fraud 15 hiBh"erthan for 0￿ resulting from enor. a$fra￿l may involve collusion. forgery, Int￿￿Onal omissions. mi5representstsoii5 ortheoveTride of intrrnal "control. - Obtain an undetstandl￿.0f intrrnal.(Ontr￿ rdevant to the 8LKfrt in orderto aodlt..pr￿1Ur￿that0r2 appropriate in thearaKn#aw trxrt notforthe purp05e5 of expr2tstng an optitlott oft theeffeCtiv￿Ess of thet￿3￿￿5 internal control. - E¥LtL&te theappropriatwess of.acc0unting.￿rtCTr￿ and thÈ reasortablene5sof accourJtin"g"e51iinatesand relatsl disdg5ure5 niade bythe.Gi)¥ern( - Conclude on the approprlatenessof the Governors. use of going c£Jncern basi5 of accourrting.and. based t>Bthe au(fit evid8ETr obtsine4 whethera matèrial Un￿rtaInty exists related to events or con(fitions that maycast5ignifi£ant doubt on the thèriirf.sabilityto contir￿e as a goin8.concem. If we conclude that a mateTral EUtytainty e￿. we."are required to draw attention in aUra￿.S re[￿t0 thP￿lated (r￿d￿re5'[n the fLnawal 5tstèrnents.or. ifsuch di5d05ure5 ?Te in4dequate. to modfyoitropin1o￿ O(w.".ronduslons ar2based on the audit evk￿n￿ obtsined up.tothe.date of ourauditoff5 reporti "Hawover. fvtureÈvents.orconditions may cause thè (larEty to cease tocontin￿ as a gDingcancem. - Evaluate"theoverall presentition. stnxture and corrtent of the financt31.statemerhts. indudl￿the.￿sc￿JsUrQ8. afidwhether the finantial"sfatemeDts representthe underlwng transactions and events in a manner.4hat achlevesfalrpr￿2ntatlon. A further description Of.ourrÈ5p.(A￿x7rtleS.fOr.thQ au(ft of the accounts is ILKated onthe FinanLial ReportinE.CowKif5 website at: httpJlwww.fr￿￿.UVaU¢rltor5re5POnsD)1lltIe&"Th￿ dwnption forn￿ part of ourauditovs reporL We communicthwbththo"sEtharged with governance regar&1￿ 3mong other fflatte￿ the planned scope and"t￿nIn￿Ofthe audit and slgnlficantfindinB4 indudltyany SiRnffi£3nt de￿1￿C￿5 in intemal cortrol thatwe identsfydurinEouratsdtL Use of our replwt This report is rtwlesolelytothe d￿rIty5 membeY& asa Wdy, in actordancè with" the ChariLykts {Northem Ireknd}"2QD8 3nd 2013 3nd r*tsEaUons.rrta& underthatAct" Our a￿￿[tr WOFk.has been undertaken 50 thatwe mlght5Mekn the Charlty's mernber5 those matter5 we are requlred.to.ststetii them in an audtèors, report and for no"othèrpurp05e.. To.thefvllertextiniuns.we have fomied. Dated: Moore IN.11 iLP." Chartered k£ourtsT￿ & REgistered Auditors Donegall House 7 Donegall Sqtsare North Belfast BTI 5GB Page 8 BELFAsfiHARtfABLE soaErY CONSOLIDATED sf4TEMENTOF FifiANaALAcnvrriE5 IINC.LUDING INCOME AND EXPEtIDrruRE ACCOU?￿1 FOR THE YEAR ENDED 30 SEPTEMBER 2022 rotal 2021 Incomefrry ElOnatI¢5r￿ and lega(ie5 CharitaLTEe3cb¥rtiE5 InvEStmerts Tradlng arbvnie5 other. 1820 5.278 zi lo9￿ 54273 ID2.116 71,547 8,908 "4fj250 156.436 576 77&.764 a6￿7 675,D22 Raislng Ch3ritablE a¢tl¥iti C05ts0f Irath￿orth￿rI￿s 25,243 467.396 "116,903 "149J29 IL049 33l2(6 249A5Q .16Q178 769J37. 609.542 .G¥*n411055e511iTt"LIisposal of Fnvestmetts NEt g21nslllu55e51 on invR5tm i¢ss on.reyal￿n of.itThÈ5bYMtpropty" 34.506 1402,7321 (40i7a21 11.625.000) 118551 P365831 {1Q37,3341 8,748 Aduarial&ain5A1055E$I on dthed beTrthpenston 16 62&524 63U17 S.666 EotdfvrvJ5.bro￿htforwaTd .37A66. 115%A67 ll573.633 11,567,987 43.359 11161691 1121WJ50. 11.573,633 Thestrteinerttif.fIrta￿iol'0thi1￿shaye"be￿￿ prEparèJ that all 0￿￿￿￿$dreCl￿rtl￿u1E￿. Th￿StateM￿raFfinanL1al acUvttie5 inciitdE5 all E3.Irisand lo6se5 Ter0En￿￿ dufinEtheyear: The ntrteson paEe5J3ts125.fonnpartof the5e.finandalstateTr8)ts and 5houtd be readtn tonlunciiDn therewith. Page Y BELFASt. CHARrrABLE SOCIETY BELFAST.QIARITABLE SOCIETY BALANCE SHEEr AS AT 30 SEPTEMBER 2022 Fixed a5sds Tangible 355ets Investmentpropertie5" 331538 4168.675 4iW.737 349,348 4,168,675 4A68,511 8.5(Xl.950 .4986.534 DebtOf5 Cash atbankardinha.nd Short term depodts- 34on 461713 930,770. 39.an. 92L7￿. L429.555 1.2595 cre￿t￿..aWrfJ￿tsfa1lI￿B due.wrythin i￿)eYear {60.4621 168514) L369JJ93 LIS0,95D 16 l403.000 17gJw . IL580,484 R2Strlcredfvnds Unrestsicted fund5 li li 37,466 11..543.018 Totsl dMiityfun& 11178.043 11580.484 T￿finanCIal Stat￿ne￿.￿VedpYOwed bythe"BoaTd on andsigned on ts by. rw OsbrKne"MBE rD WattersFCA TTeJsurET The"n￿eS on PaBe5 14ti1 15 f￿rn partof thE5ofv)aiioal 5taternwrts andshould"be"read in coDiunciion"therewith:. P?p Its BELFAST CHARITABLE SQCIErY CQN50LIDATED BALANCE SHEET AS AT 30SEPJEMBER 2022 Tangible assets Inves*rnentpropertie5 Inv£5tmÉnts .403,470 4168.675 V168,411 4168.675 4.OtJD.637. 9￿￿0,556 Currenta55e¥s Debtws Cash ttbank.avd In hand. "She?rttenn dEposi 14 517Jll. 93ii.770 1.287.834 CreditiK5: 3rnoUnts.falF￿dUe wrthin Oney￿r li57.7 L.YB.630 11077 16 L403,000 573.633 Restrictedfunds unre5tri￿e￿￿￿nd5 li li 37.4SS IL536,167 .W.691 Tctsl.tharityfvnd5 11,573,633 ThefinanciaI5tatoment¥vi￿ approvedbythÈ Bo3Td"on and signwton behawby. Mrwosbome MBE" The notesthl Pag25 141D25-fo"nn.partDf.the5e"ffinanu3lstaternents 3nd"5huu" Id be read in conJuncliunthe"rewith. Page li CONSOUDATED SfATEMEP￿0F CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER2022 2021 4Td,755 DIVIder￿s3￿mI lrtèrestfrwln¥¢wi Paymentsts*ret•"as¥ets PaymerrtsknwHrein*51 Re¢eiptsfrEmsle5rfin¥EsknÈEbts 107593. 12543461 18525751 394A 553322) 610.1051 136.3501 U63,017 Cash &b2rtkad th hand Sfv4Jttrmidepr6ts" 517JX" 93Q770 3J4,900 921.767 1,226,687 BELFA￿. CHAR￿ABLE 50CIEtY NOTES TO THE CON50UDATED ¥fAIEMENT OF CASH FLOWS FOR THE YEAR ENDED 30SEPTEMBER 2022 Etexperiditurefft>rtherÈpooinE"pEriod las PEr"Stat￿t offmnaal.actMIiES) 11037A341 IGaiffjV1055e5an investmEtrts DividÈnd53nd jiterest￿5nvestrne￿ts. DePr￿￿er￿n of.la￿bTe.aSsets 404732 {101.594) 35213.. 47."IiM) 1102,1161 35.18D 400.367 85,844 Loooj 14lo%ErreitTn crerfEtors PensloTtcosts(redtfedl{chargedl 7.220 473,755 The.thar]ty ha.d no netdebtdurirygthe year. The"notrson paEe5 14tOZf￿Partofth.es￿*n3r￿1 starem8nts and Sh￿1￿ be4ead"inmniun(IlonthetewJhh: BELFAsfcHAKTABLE SOQErY NOTES TOTHE CONSO.LIDATED FINANCIAL SrATEmE￿rS FOR THE YEAR ENDED 30.SEvfEMBER 2022 AicounknB.poEttes" Belfast Ch2riiaL4e£ociety Is an uniKorporated charity regitsed the Northem Ireland Charities thmmisson. The address of the rwered is Clifton House HerttsgE Certre, 2 North Queen"StreeL Belfa"st BT15.IES: The. Soclety Is go￿r￿d. byfve A¢ts.of.ParliaThiert, the most recerrt being the Belfast Charitable Society"Att199 The financial slatements Iwe ￿en wepared in acCOrdar￿ ￿ the Societys ACL the CharitiesAtt (Northern Ireland) 2008 andthe.".Ar￿UT￿kn￿E and RÈportifY by Charities.. Statement of Recommedended PraCt￿e applTrble to Charities prepari￿theIr"3CCounts.[n"accOrdance with the Anancial Reporbng"Standard applicableto"theUKand Republic of Jreland tFR5102)' las.amended for accountng pericKts cx>rryneDcinifrom ljanuary. 2016).".The £harityis a public lJenefft"entity"as defined by FRSIO2. The accwThlS are prepared insterlin& whKh.i5the functiunal currenc¥"ofthe Chaiity. Monetary amiiunts inthe rinancial sÈ3tem"ents are rounded to"the"nearestL. 1.2 Tangible r￿d asSetsanddP￿eciatlOn With the emception.of land and buildings.-"prope"rtyi plart and equipment arè rtated at.cost"less accumulated depreciaticKandLny"tecognised impainnent losse5. Land and Iwildings are"stated in the bal.ance Sheet at refilued amounts, t￿i￿Ethe.1airvaIue on the.date of T£￿1Uation less any 5ub5equentdeprecIa￿ and impa"irnientlos5e5. Revaluation5 are perfomied with suffKi￿it regukrity suth that the carying amou"ntdues""nrk differ mate￿IlY￿0M that which could be determined usingfa"irYalues.at the reportinu end d* If an asse¥s".carry*ngamount.is"increasÉd".as a ￿lt of a rwdkndon, the increase shall be rewised irt"other comprehen5i¥è income and"accumulated in equty. However. the increase shall be Teto8nlstd in"p.rofftand lo￿t0 the extentthatit..reverses"a revaluation detrease of the Same a55et pWo￿￿t recognised in profft.or los& The. decreaseof.an"asseVs.caTryingamount a5 aresuFt of revalu¥bon shall be recognwl in othercomp.rehen5iveirKome to the exrent of arry previously￿￿4.￿bed.r￿dlUaIlw ifKrease acoJmu￿ted Iri e.qutty. in ththatasseL If a revaluation deCrRa5eExceed&the.accumulotedxR￿ll3ti0n gain5 accumulated"iThequity in re5￿tOf that 3sseL thE excess shall ￿ recogni5ed in prof￿.Or loss. Depreciation is"provxledat"ratescalculatedtowrite off the c05t le&s estimated.residual Trrdlue of each asset over it5 2>￿ected useful"life.as.follow5: Buildings 2%on rwdlued amourtt Equipment IO% on cost Fixtures & ffttings 20%.oii co"5t. 1.3 Investrnert pros>Erties" Investment propertie&forwhithfairvalue cari Ee measured reliabw wthout undue.ct)stor effort are w￿UrEd atf31r value at eath repJ"rting&te wlth cFAnge5 in fairvalue recogni5ed in'nEt gainslV055esl' on IM￿s￿ts intheSOF 1.4 Inve5tmenis" Losses ￿lS1￿J5ajS.￿ll re¥aluatlon51lWDuEt￿￿[ the ycar. 1.5 F￿nd a(countinK General fundsare unTesEriLtsIfundsvA￿th are available for use at the discretion ofthe"B0ard"infurtberan￿.0f.the general ohjettive&of thesocietyand which Imve not been de9gnated for otFwpurpose Restrictedfuftdsare"furids￿h1ch. are to bE In accordance wtth spectfic"re5triction5 tmposed ty dontjrs or"which have been rdised bythesociety.for particular pUrr￿)S￿l Thec05t of TrI￿ng andadminwinB sudi.fund5 are charged 3g2iTSt.the specificfvnd.The.alm and LL52 of restricted fund5 is set (iurin.thè notestotheffinancial statements. Re5tri¢tedfvnds mayonly.be"trnnsferre(rto ￿eral or design*d funds once.the criteria forresÈrKtion have been discharged or nD longer apply.. 1.6 Intoming resources All incomingro50urce5.are inclwjedin the 5tatemert of Financial Actfvlts￿ ill￿nthe"S0tletyiS le8ally entitledto the ncome 3ndtheamount can be quantified with ￿asOna￿a accuracy. IrtmThie s deferred on1yiiy￿n the soaetyhasto fulfil con(Etton5 before becoming entitlEd to it orwhere the donor/fiJnd2r.hag.spe£ified.th3t"the.income i%ts be expended in a"future period. BELFAST CH￿￿ABLE"SOaEty. NOTES TO THE CONSOUDATED FINANCIAI sfATEMENTS {copinNUED) FOR THE YEAR ENDED 30.SEPTEMBER 2022 Accourting p￿￿"(cOntinued). 1.7 ResoUttes-eX￿knl Resourosexpended are indudedinthe"State"ment of Finanual A£ll￿treS on anACCtuals b￿lS,. irKIu5ive..of anyVAT whSth carEnDt be recovEred: CharitabIe expendltrjre comprise5 tTrK>serosts irKurrEd by the SoLiety irFthe de"ll￿ry of its.adivitRs and.seT¥ices"for" rÈ5 benthi3rie& It indudes both costs that allcTrcated Efirectly to such acbvrties andthosec05ts0f an indirett. Trature necessaryto support thEm. G0￿ManCe C05ts.Tncludethoseci￿￿5 assouatedwith megting the coristittEtsonal.and statutory requlrements.of th.e compBny and include the"auditfee5 and costs finked to the Strate￿rManagerne￿t of th.e cbarity. 1.8 Cashand cash e4ui¥alents"" Cash and cth equliialents indude cash in"hand. 1.9 Finwxial insln The 5odety h35elected toapplythe prov15ion5 (sf Sectlon l1'B￿C FIr0r￿la1 In5truinen￿ and 5ectlon IZ 'OtheT ￿nanila1 i￿rneDts 15wd ofFRS102 to all of Fts finarKial Irstruments. Financtal in5truments.are reco8ni5ed in the So(]e￿5 balan￿ 5h&t whenth&S&?ety become5 partyto the tsntractiJ31 pro¥15i()n5 of thEinstFumenL Financial assets and liablllties are offseLwitFrthè net amounts presented In thefir•ncial staement% when there is è legally" errfor￿3bteriB￿ttO.Set.0ff the re￿nise(La￿￿Unts al￿ there is.An lFrtenti￿l to setUe on a net ba51s Ortr).￿lIse..the a￿tand settlfjthe liabfity smultsneDU5ty. 1.10 BaSScfffta￿Ial assets. Basic finencial.a552ts, whtch lridudE debtOf5 cash and bank Eklance5, are.inli ially..measured.at tr3n58Ctfon pri.tr indudlnEtrdn5artion c05tsand a￿ sub5eqL*ntTy tsrried at"amorb5ed c05t U5uythe" effectlve irkterest rnettr￿ unles>the.3rrangemert cornfÈ¥tute5 a fin3nang tra[￿Cl[0n. viF*re" the"tsan5artion r5 mea5ured.at.the pre5Èrtvalue of.the.fUtu￿ recejpts dis¢ountsJ at a marketrate"of.interest. Finantial assets dasyfiedas recelvable with.in line year.are not amorti5ed. 1.11 Basicfrnnaal liabilllles Basio tnana31 liabllltie4 irictudingueditors and i)ank IDan5 are Intknally recognised""attransactiDn pri￿. lthc¢ JrrJrv.rn@nt"Constltur￿5 knnsacEton. Yrfhett the debt Fn*ument Is rneaswed atth present¥alue oFthèfvture poyments.discounted af 3 rnarket Tate of irfwest_ffnarvial Iujilittes daSs￿d a&". payakble with"inffjneye3r 3renotamortls"ed: Debt I￿trUMents are5ubsequerrtlycarrRd:Btamorti52d cost, uslng the effective irtere5t rate metFwMI. Trade ￿e£￿IrS are obl1garfor￿.tQ.p3yforEDQts or seThi￿that have been ac9￿red inthe ordinarycourse of DperatporLSfrom"sup.plrer5. Arii(Kints.payableèTe cIassthed as wrrent liabi1th5 if pay￿rt.15due ¥thhin orie year or lèss. If noL they are presented as norFDJrrent fla￿1[[￿$. Trade Cred￿ are"recognised inltlolly"at. trans3d1￿ prire an.d subsgquently measured at amortlsed c05t USI￿.the Effttth¥e"tnterest method. 1.12 Value addedtr The Society.i5 not￿lStered forVAT.purpD5es. therefor2 irrecoverableVATlscharBedto"the Statementof FinanrialActiwties."orcapitslised a5partof the cost of the ￿lated a5seL where appropnate. 1.13 Taxation The 5eJclety is a r￿stered.￿arity and the Char[tab￿ tax ￿Mpt[l￿￿ are therefore" beln&thitrdto the extent that income andlorgain5 are 8ppllcable and apjled to char[ta￿e purposes onty.These".exemptlon5.wl1. remain IDngas liicome.and expenditure ts applfred to Char￿b]e 5Xarpo￿ only. Governan￿ ciitsindude..tho5e£(￿.a5500atsd Y￿h meeting.the constitutsonal7nd 5tabJttyy.requ1rem￿ts of the Soaety and irKEudè.theaudltfee5 and"rffjts finked to the thtE￿￿ man3gemEnt ofthe charfty. BELFA5f CHARrrABLE soaErY NOTES TO THE CONSOLIDAIED FINANCIAL sfATEMENTS {COPfflNUED) FOR THE YEAR ENDED 30 SEFfEMBER 2021 1.14 Employee beneffts The costsof 5knrt""term i￿1p￿D￿e bEn2ffts""are rerogni5ed as a liabitfrty and an expense. unl￿5th0s￿"rjJsts are reqtiir&4 to be rE[o￿lSed"a¥P2rt.0f thEcosfof st0tkorf￿d.aSSets. TtLe t05tofanyunu5ed I￿AId￿..et￿1ernent.I5 retibgn. ised in the periodin vthich the empl(yd¥seThl￿ are recer￿1. TermlnalDn be"nefft"s are retw.ised"IMm￿l?t￿¥ ¥ an expon5e then thE c(ympany i5demDnstralAywminitted.to lerminatethe empkjyrnentof an employeeor trj p￿de twination boAÈftt> 1.15 Penslons Belfast Charftable5odety makesemployer contributiongto the multi employer. Northern IreJand"Loca lknrn￿￿It Officers. S￿ran￿￿￿10n Committee Scheme (NILGOSQ. NILGOSCi53 dehned benth:sth"Erne whlch is funded and contracted outof the5ccond stats..Pen5ion Stheme. The FurEds a￿￿Illed:￿1erythreeVear5by.octsWr￿￿ ￿nE th2 PYOi2Cted urllt rTreth"o&the Tate5 ufcontrièthion Paydble being detem?ined bythe.tnistees"on the.3d￿ce of attUa￿e5. Pe￿On tosts are.assessed onthe baslsofthe latest actuarialv&tU*iorsot"the scheme7nd are acrDunted for on the ba*5 uf charElnith?£ost of providing pensions liver the perio1£ dwinBwhith the5cthy be￿froM the employ2e5' servECe& ￿￿atIOn>from￿B￿ar.COst3r￿sprea& over the expected avryreMalni￿yN0TkI￿g lifetime of rnembers ofthe scheme"aftermakin&al(iwanc￿fOr.fUtsre withdravrdt The differerKè"betsifften.thefair.value of th2 assets hdd in the Swgiy's defined be"nefftpensl(￿"Skn.eMe and the5themes liabilities measured.on ￿￿C￿larial tia5i5 U5i¥JE the woiected unit rnethod are recognised inthe Sodevs BaIaTr￿Sheet as a pensi(￿ sthme.a5setorliobility35appropri8te. The c3rying *3lue Qf any"resukn'"r¥.pen51on"Sd￿￿ as5etis restricted tc theexteTrt"that.theSoiiEfy isèwet0￿tsIWerthe surplus eltherthiouEh red&icedathbtstions I[¥thef￿re or through refwits.fromthe sch￿￿." Change5 inthe defined.benefftp￿￿l stherne a55et or liabilrty arE￿ng"froM trdctors otherthan cash contribubDn5 by.the" Society arE tharFdto.theincome &.eXpend￿re accourtL Pose l& BELFA5f CHAWTABLE soaETY NOTES TOTHECON50UDATED FINANaAL 5rATEmE￿f5 (contlnuedj FOR THE YEAR ENDED 305EPTEMBER 2022 Total .2021 Charknbleacbth&vD55imneirthder PaTeTtt.Clwty.BeWa"5itharha￿e5￿1ety 14,918 3W84 387.477 84110 81.002 HtFST23ÉPlace5 EarlwFuiid. ifurrtwSmythfvn"d Dwarm￿rE[.0[F¢￿lSTrAl￿￿$aThdTTad￿ ReC￿l￿t￿)n FuTrd BCCI￿H wat￿ ReEIwBouk. ¥&llo OOD 457L 4776 .581 9581 54273 487,173 c1thntr￿*Cenfre Uirnkdi53 compaThylmitO * sfva￿, h3vlrE i sh¥e captslandreEtstuvJinNrylkn Ireland. IhEresEdisaf I1￿￿traI￿￿"sUb5lrvary:(￿n￿￿sUrnrW¢Sth bEIow. CaEwanyreEi51ratsDn Number N(f￿351 Fitb*c*l.Rè5uILs 2021 324ffi 123.879 IIW20) 195.9311 t167.YO 137,1721 C05tofSaies" pletinEornenexpath"rEjtur".year 19,2241 cor￿05￿8￿01￿adj￿Pnt￿. 1682501 152,3321 35ffi7 16,200 NetyrKornentsvwlI￿r￿)￿am￿bSWlary 145,3561 71.547 1116 9031 145 35S1 1160,499 14,063 Totsl 2021 )D. 25.243 25.143 17 NOTESTOTHE CON50LIDATED FINANCLAL sfATEMEPUS (continued) FOR THEYEAR ENDED 30 SEVtEMBER 2022 Total 2021 119.76> 124,569 230.020 33.792 79,014 s,000 472.395 Tol31 Total 2021 %278 487.174 ""102,116 25,108 iLSA21 37243". Tolatlntome 619,676 1131s1￿f￿ds 24MO" 25,143 119.763 327395 124,569 282,352 33.792 79.a14 14*129 $44.970 ￿l￿OSal0f￿rye5th￿ 34.506 487.680 I1,6￿.000} {￿L441) ljJP&1091 1404n2). 1&7481 UJll.4.aoo 129 $97559 14.891 BELFAST CHARITABLE 50CIErY NOTES TO THE CONSQUDATED FINANCIAL sfATEMEP￿s (contimied) FOR THE YEAR ENDED 30 SEPTEMBER 202Z 2S Inal¥￿50f￿rf10b1È KUthie5{t(it) BeIfaStCh>fta￿so£Idyhasone*hD][TrOWThe.d charEt* su&ldlary coYMp3.ny.MiryAM McCratheoFountlatiun th￿te M￿ATrn Mccrarken FIiLvMl*iiOn tjmited isa Prlvaieknmtted Compary byEUaT3Dt2e.Ythoutstiare capTtal U5E"oF.'Limttsw. exemptlonarKI rwstered-In N(vkhern Ireianti TherèSultsoFthtstrd￿FYsMbsid￿rycaMp*1w4S5￿￿rn3riSedb￿￿. CumpawreEisuatioTh Nymb Dkte tharltrb1esbts￿g13ntsd CkaiiLV COMMI￿￿1 N 17h*/2022" M11C￿57 Total n3Eitsal resu1150fMaryAnri MECrackeri FuLuJ&fjon 11749 y￿81 IL749 tharitsldEatti¥tues 4."445 Total Incorne 22330 .2Z330 6LxMls&sè 10,537 5A55 Y.Y7Q .5.455 Totsl ExpEnditth "992. Net.IncamEINetmo¥ementinfvnds 6338. CokwJKlat¥JD a4ustmÈnt iii.(m) lELOTD2from"5u￿dIIry 30 IISS92) LegalarMlwofe55orwltEe5" 3342 2371. Auditfee5 2fj571 3 MEt•xorrfIex￿d1luTè)trthEye8r STrcrft￿eIld￿ure) i5"SWEd aftertharpryJl£rEdÈtir¥J: ProfitontdirTraluE mo*Ei*ntofliiYe5En￿nts "Fee5poyaWe.ts.thedwrftVsau(ThJr.f0r￿ authtofthefinaw315tatetii*ts ..1487.5 2371 Page 19 BELFAffCHARrrAB￿soUETy NOTES TO THE CONSOUDATED FINANCIAL ￿ATEmEr{rs Icortinuedl FOR THEYEAR ENDED.30 SEPTEMBER 20ZZ htl OLtober21J21 ,ID) 899JI21. 954.811 1143J3Z. iL851 ID.074 "gw.445 L74ffj3.62 C*furthéyear 74 85Ln3 9073B8 L775SJ5 274,126 473 S8￿14 Ar30&ptaDEw2021. 279,926 65.".178. 5436& 403A70 The lènd Hau4TAthithTrnelea5a tD 2(KUfDrapErtralof70￿ar5.aT￿ notinduded iandalld bt&diEsvAhataIryl￿￿ll￿0f E429A14wEfpTevalL*d at ￿ OctotwZOi.7tyIJBERt LimW"i•nd*￿fdlUel5 nottainectsdvAthfhe"thaFityaitsba*0fmarket￿1￿e.TrVth4ti￿ wnfonnsto IrTi*nthnalValuatiDnStanthrtsand If revalueda55thwExe%t&edon anh￿1￿5¢￿5tkn15E*IRrtEw a fair¥abJe ba%¥thet0trI•n￿rtS.W￿" dglwouldha bÈÈn as fotl￿ ""2192- 7£ 369.350 381363" . 4J6&675 4.164675 profess1or¥lTèzk￿at3o5￿￿*T2o1?.L3rTtth by (BRENI ￿5￿..ThE￿a*Ja￿￿Asma1Ie An ind1carise￿U3￿OTh"eXErc￿ew5CJrrtPA1ixrt￿DCW￿W2D3D Ln thE The rre¥tV3tuatiDnwl bethjeto bEundertaken tn￿.21￿￿￿arts ￿ rdkned iTrthe22125ap*Ew>. BELFAsf QIARITABLE soaETY NOTES TO THE CONSOUDATED FINANCIAL STATEMEpifs (corttinuedl FOR THE YEAR ENDED 305EPTEMBER 2022 4XtI).637 446V. il 4WQ637 4468NIi 4,Qi,&37 4ts6BAII ValuEatbe8iThninkof.ye3r. 564,922 {52495ql 1401ra2} DIspc￿ts3tcanWngValU2 Marketvalyp atend of ye3r 40L46 8￿5.7 Loatscift￿.NUuseCe￿tr2. Arnotsrtsowed by5ubsml1ary￿derta￿t 5,401 21557 14J168 3Y￿11 OthErdebtOfSlrrJudEd.£nl (20.lifniQwhich L4due8rea￿th3￿ one )tar. TtsdÈrrodkor5 orlErtsxaMt%>dal"52LI]rsty. 5urdryuedsiof5 31,05 134470 51Q6 its,io& C￿￿￿knitiOr￿.p0￿bJ￿to.￿￿7kn wnp.lo￿rSthRn* by1he for the)wr- . 30y3 Pa8e"21 NOTES TOTHE COPISOUDATED FIIIAPICIAL 5TATEMEKfs (contr￿dI FOR TIEYEAR ENDED 30.SEPTEMBER 2022 8arbcE NatlonolLWHefiwe Fw OepartrnertuF.Frye¥nAfri53NITrad uo 115n 45n L5n 197,ts41 "4715 8CClOgHllull*REEits.euok IIW91 78) 4.W. l pe￿4¥ear&of?￿aStt￿te1Ed.[￿marth 2(r22b. tk¥ fjnal)yar fvar71 aidart"addtdoThal SOCldEn3tiorlmadEtothEFw￿GÉantsW¢reth￿￿ to hdp al￿7*2 wiatron by ohJeipED*and aL4)Iv Enh3ENEth¢ 3 Th￿funthn￿￿aVmldtd*I￿W.theCOSlsofd￿l￿ri￿￿ pa¢k¥e 0ftslksthrou8h.oukf*F￿￿ber1o2I.aDdF*briI•ty1D?z 4 Tiins thidEndFspaiduTitb¥ts* M.CeDts31 I)vest￿F￿df0r fharrre arl s r£5trXred.￿"ltsl￿￿be4￿fro￿TaM 5 tkns¥thepuWd*&Y4rtyayEedtDmallaEeaDarthr*E pmpttoTh bEhalfofthe PAlfast""OTrDEeH311180HI.IFie-laiterswed year41nt￿lo2Ljn1l*.Ve3r1tenablEd{1￿￿kn*h derTrerria ar￿ thwotersto4ts¥sodal and5upPOrt5￿￿[e5Ith iti3knEfw-H*w•t. IuiES]7ndaluraiEi14dthel8 rnrth5 wd. BELFASTCHARITABLE soaErY NOTESTOTHECONSOUDATED FlNANuAL￿ATEmEP￿[s IwntFrrtRd) FOR THEYEAR EtIDED 305EpfEMBER 2022 At3oih GenerilFuEKt 1344WI I￿3￿￿5¥ 461768 1918,ty1 IE8,675 1758,602 3D8,000 50.000 3,76%&11 16.8511" 21Q,186 li r249,4 146,1151 14,6621 61691 aryAnDMtCracken" 454YJZO 8y9,420 43359 W5A12 L448,611 (100.0411 CredbttysrnrEthan oniTr( P￿LsT￿￿5 8,000 206,050 Gr3ntsreTrNEd?reTepaYa￿tti.thEshDuId.thl￿faIEt￿￿tbE tyH*Stsn51aidwEID.thE"relEvantlEitErsotofftr. nanclal r0mmibi*nrSwh￿h tyF*re.: hitFkYLle￿r 8etwtwo3ndfive•pats 30,ODO 30.ODO 5P￿t(harkab￿5ullEty "79B 68,300 9,2Z6 .30.343 I￿763 J08.369 BELFAsf CHATrrrABLE SOCIEtY NOTES TO THE CONSOLIDATED FINANCIAL sfATEMEKfs (continued) FOR ThE YEAR ENDED 30.SEPtEMBER 2022 Belfast Charil3bte"Soitha¥.a n￿lbErtsf thÈ pknrth￿ Irela￿ GE￿rnm￿t OfficerfSuperArinuation fonimiitee VNILG05C'I. NILGOSC is.zfunde￿￿XapPrlWe￿ bwefft pÈwn ya• ￿l11th prtywJes.retirementt*nthtri empl0yeesalocalg0￿mentandQthEradmtt￿￿bDdl￿. There are Curr￿ 129W members oftheJ4ILGOSCsth￿e wf(h aroLEMI 170emp]w W￿1paring1Th"th￿S￿emÈ.TheTntstee$ ofthe Scheme7e re5pon5Th1 *forengJringthat th2 correctl￿ we"pHwlthat..thEsthErriÈ153pproprkts￿fvnded that scheme aSsetsa￿App￿prlat£￿IE￿eSted. The llabilitsE50f￿ Be]fa5tCh3ritabte5￿ety. are 5pre4.d lcri￿a& dÈfÈrrÈd aT￿.p￿0t￿tat￿£Dr￿Whh th majority of thefol*Trty 1yryT￿h non active membv5.The Wagh￿ average duRtionofthe.&he￿￿s labl1t￿5.¢ 145 years Indiviclual menTberc4Jrrfribiitttyi fdte5depend ￿ltheIr$a￿a￿s and levd cf beTiefitsih&thry.hhbE"di¢J5Ut"tobiithl The Scher￿ ackuaryha4R5bmththatBeTr*tfvi&ble Swety emF*Jw ¥￿1 contrlKrteanavwzEe7.1% 0t.tkns￿èT￿> ThÉ ÉmpLts¥erpay&the b31an￿ofthemstas￿et￿rt￿r￿ by regLQar att￿rtaI v￿￿￿o￿.￿*.rlUsteeSITere1IUir01to￿e 5then￿l*S￿rthth* arU￿[Wasb3sedoTl a menws fin21 sakry. Per￿￿ ￿LCrease$31Eth1Prn1l[￿dthm4l¥ectref￿enCe to CPI. ThEqHrtributton%payable bye3th Employer(frffetsas Ital&￿for e3ch eMpkry￿"PaI￿￿rft￿￿.. wofile"3nd fundinE dEfit Beltastchawi>b￿￿rnety(0ntnb￿le5 * a tate of 25.2% per annum a PE¢overy i5pkce.in res￿Ofth￿￿￿l1Dg on top af cantributio1￿ Wee¥pEtt.enW.t ¢ontrlbutitn5tobe-aRproxiTwWWlnthe e￿Ing 3Q SÉptsmber 202L T￿r41Lfjo5cIlYw￿f3￿-a n￿n7￿rOf keY￿ks￿h1￿COUld 3ffeLt fts fL￿llng posÈr￿n.thE￿a]0rl￿3lV. •ernp .Optt￿￿formEth. {0rrth"rpartie51-￿ri$kf￿t rnamb￿ eKer05ei¥OD.ns re5uEtinzinunantwipar AftsrmalattuawialYdlL4WIT*zsorried Wt.¥al￿ March 20ts.ts r&ts of thatvaluatiDn havel￿p[Cl￿tedtO 30 Septerrthw202I mak¥yalknwJKeforadditycn31 and ￿r￿fEts usrytheaswmpknsdouti*kn*. The figure5 inthefo"kn¥J.Ug.d￿UTey￿TernÈa5L￿è1 u5rythe PruFrtÈd Unlt Mthod. 2022 2021 Ly￿ £'OOD 14..8181 16,8661 7.126 8.269 1308 Dekred bet￿0b]I￿atrUD 1.403 The currentand p￿tseP￿eC￿ty5￿tte￿ andtyrt*bi￿rt5, tQg¥thÈrwlthtXenetintertst.exp&￿efOr.the*ar? iicluded illthesratemEntOfr￿E￿Y￿13(tl¥fy￿.Iteme￿rern￿ aFthe nÈtydehnedberrf￿l￿1*￿a￿ *iduded in.oU*r Z4 BELFAST CHARITABLE SOCIETY NOTE5 TO THE CONSOLIDATED FINANCIAL STATEMENTS.{continued) FOR THE YEAR ENDED30 SEPTEMBER 202Z 16 Pension5 (continuÈdJ 2011 serVE￿ EOSL Current serVi￿.Co5t (net of employee cortnbutsons) E.mployer"contribution5 et.interest.(crerfrt.)lexpense 47 {521 (6) [52) ch4rge.to be re￿gnised In statement of statement of finanaal acfivitie5 (ill Remea5urement of the net liabllity. Return on stheme.assets {excludingamount indudedin net Intere5texp. ense) ActUiTial10&seslt&ain5) L039 {1￿08} {2561 chargel{cre"dtt) reco.rded in other coinprehensrve income {869) (1,043) Total defined benefft costl(crèdit) (9051 11,054} 17 Related PartyTrdnsactlon¥ Duringthe year netexpen￿.0f £4.66212021-."£821 We￿ paid to Mary Ann McC13ken f(iundation. a company limited by.8uarantee. The.balan￿ due frDm Mary Ann Mccracken atthe balance"sheet.date wzs £4.662"12021:.£821.and 15 included in Mary Ann Mccracken debtors. Duringthe year net"expenses of£4,063 [2021: net exFenw £12,2641 wa5 re￿iVed bythecharity.from Clifton House ce.ntre Limited. a IC(IX subsidiary of the (hnty. The balan￿ due to Clifton House Centre Limited atthe balance.sheetdate was£4.06312021.. £2,477) andis induded io"creditor