HMRC CHARITY REGISTRATION NO: XN 45105 CHARITY COMMISSION . NIC104998 BELFAST CHARITABLE SOCIETY TRUSTEES REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2023 BELFAST CHARITABLE SOCIETY GENERAL INFORMATION Presldent Slr Ronald Weatherup Board members Mr A Adalr Mrs S Brown Mr l Elliott Mr C Graham Mr N Harknes5 Mr M Higgin5 Mr A Moneypennv Mr W Osborne MBE Mrs N Sinte Mr D Watters FCA Elected as Treasurer Jan 2023 - Dled December 2023 Reslgned May 2023 Resl8ned Jan 2023 Chalrman Mr D Watters FCA Honorary Se¢rètsry MrA Moneypenny Treasurer Mr l EllS0tt Eletted as Treasurer Jon 2023- Died December 2023 AudFtors Moore IN.I.I LLP 4th Floor- Done8311 House 7 Donegall Square North Belfast BTI 5G8 Buslne$s address Cllfton House 2 P4orth Queen Street Belfast BT15 IE5 Banker5 Dan5ke Bank Donegall Square West Belf35t BTI 6JS 50licltors Crawford, L(xkhard, 81ack Sollcltors 7111 Linenhall street Belfast BT2 8AA Investment Advlsors R8C Brewin Dolphin Ilth Floor Lanyon Plaia East Tower Lanyon Place Belfast BTI 3LP Charlty Reilstratlon No. XN 45105 Ch•rity Cornmlssion for NIC104998 BELFAST CHARITABLE SOCIETY CONTENTS Page Board's report Independent auditor5, report Consolldated statement of financial activlties (including income and expenditure account) io Belfast Charitable Society balance sheet li Consolidated balance sheet 12 Consolidated statement of cash flows 13 Notes to the cash flow statement 14 Notes to the flnanclal statements 15-25 BELFAST CHARITABLE SOCIETY BOARD'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Board preser*ts It5 annual report and flnanclal statements of the SoclEty lor the year ended 30 September 2023. The Board have adopted the provisions of the Statement of Recommended Practice ISORPI Accountin8 and fleportin8 by Charities IFRS1021. Reftfence and •dmlnlstratlon déts115 Belfast Charitable Society15 registered as a charity wsth HMRC Ichartty fle815tratlon Number.. XN 451051. The chadty ￿61Stere(l wlth the Charity Commision for Nl 00 25 April 2016 INIC 1049981. Its principal office and registered olfice is Clifton House, 2 North Queen StreeL Belfast BT15 IES. The trustees and offlcers that have seryed durlng the year and slnce the year end were a5 follows.. Pre51dent Sir Ronald Weatherup rrustees Mr A Adair Mrs S 8rown Mr l Elliott Mr C Graharn Mr N Harkness Mr M Higgins Mr A Moneyptnnv Mr W Osborne MBE Mrs N Sinte Mr D Watter5 FCA Elerted as Treasurer lan 2023. Died December 2023 Resi8Aed May 2023 Resigned Jan 2023 Ch•lrnian Mr D Watters FfA Honor•ry Sttr•iary Mr A Moneypennv Treasurer Mr l Élllott Elected 35 Treawrer Jan 2023- Died Dècember 2023 Objertbves and actlvltles eifast ChariiablE So£iety IBCSI was set tsp In 1752 to addTe55 ooverry and look after the poor of the tuwn. 8CS dl¢J ih15 by bullJln8 the original poor house and the first h05Pltal in Belfast. This buildin& Cllfton House. was opened in 1774 (now 2SO years ago) and still remain5 today a5 the ¢ltVs oldest workin8 bulldin& with the organSsatSon beln8 the oldest charlty in Nvrthern Ireland. The Soclety contir>ue5 to addre$5 poverty and disadvantage in rnany different ways acr055 Northern Ireland. The objects of the society as sei out In the 1996 Act of Parliament are.. lal to puisue all or any charitable actfvitles whlch advance the interests or are fur the benefit of per50ns appearing to the Soclety to be dlsadvèntaged. prlmarlly in Northern Ireland. Includin8 the care of the elderly. the rellef of poverty. homelessne5S, di5tre5s, inflrmity, and 5ickne55 and providing for all the educational and other requlrements of such peT50ns,' and Ibl to partictpate in and encourage all fom)s of co-operation among appropriate parties whlth are calc¥lated to achieve any of the objectlve5 mentloned In paragrnph lal above. Publlc 8*nefft Belfast Charftable society contlnues to create high Itvels of publi¢ benefit through its key aCt￿ltIeS Isee'Achievements aDd performance. settion lor more detsill. In this year, this can be evldenceij through,, Irs work to lead and influence on how philanthropy is deliveled and de¥Eloped and assist in the redistribvtion ol wealth to addre55 poverty. The Society dellvered a prograrrme of grants to.. Improve employablllty by empowerlng educatlon sk1115 development,. to help older people make connectlDn5 Wlth seNitE5.' and to help new cornrnunities integrate thrOLtgh edutatlon and support services. It developed and supported prtsject5 to allEvSate the additional flnanclal burden created by thÈ cost-of-llvlni crlsls Includlng svpport for the provision of I￿e rreals wlthln the post primary schoo15 5ettlng across Northern Ireland. The Soclety continued to providÈ finantial support, skills, and knowledge and to lead on a wider heritage led regeneration project with the North Belfast Heritage Cluster. Thereby usin8 its heritage assets. and encouragin8 Others to utili5e theirs. to help catalyse physltal. econom5c and Social Te8eneraiion Pale I BELFAST CHARITABLE SOCIETY BOARD'S REPORT (Contlnued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 It cornpleted its partnership Barbour Fund programme enabling people from less well-off backgrounds to Improve thelr lives by enhancing their employablllty, by providin8 activitie5 to reduce the i501ation felt by older people, and through the provision of educational resources lor youn8 people outside of malnstream education. It supported Clifton Housé Centre helping It to educate and Inform members of the publlc about philanthropy and the influence the Soclety had irt th* dèvelopment of Belfast and in addressing disadvantage since 1752. It created and maintained lobs and volunteer posts. Interlinked with this, the Society fulfllled it5 ¢UStodial role by preserying and safeguardin8 the House and vast Archlv* ¢oll*rtlon whlch are in turn used to support work of Its soclal enterprise. It contlnued to develop Its Mary Ann McCra¢ktn Foundatlon and ralse awarene55 of the Ilfe and work of gne of 8elfast's most Sl8niflcant social relomers and phllanthrtsplsts. It ralsed awareness and promotèd conversaiions about her and that of other female soclal reformers ol the time. Addltionally, the Society 4Jtlllsed Its property a55et5 to facllltile a range of care for oldeT people. Allowln8 expert pr(bvlder5 to leas* 5ts bulldlngs to house nurslng and resldential care and supported Ilvlng accommodation. Gr•nt m*klni pDIScv BCS continues to SUPPOrt the work of others who are addressine poverty and disadvanta8e. It does not run an open grants programme but Instead looks at ways that Its flnanclal support can Invest and transform whlle making the most posltlve The So£iety allgns its annual 8ivin8 in the year to Its investment return but given the Pressures added by the cost-of-living Increases on the local communlty, and the fact that the or8anisatlor* reached 270 years old in August 2022, It gave a total of over £271,IJOO out In It5 own grants. Achl•v•m•nts •nd p•rform•ffl£• The followln8 achlevements and performance reflect the maln expendllure In the year, Early Intervention work (Family Support Hubl- the Society provlded support lor famille5 in crisis from acr055 North Belfast by coverln8 ihe CUSLS ol two home vlsltor posts and Immedlate acces5 to vou¢hers lor those most In need. The wgrkers provided l-l support to parents In their own home and supported the children (between the a8es of 0-181. The team accepted refefrals from both the upper and lower North Belfast Fambly support Hubs, which are multi-disciplinary approach network5 that slBnpost lamiliès who do not have statutory social work intervention. 92 families had received individual Inter¥Èniions conslstlng of 113 parents and 192 chlldren, Of these chlldren 72 were experlenclng neurodlversity, ellher 8oln8 through ASD or ADHO asse55ment or had already received a dlagnos15 Of ASD or ADHD equatln8 to almost 40% of chlldren with whom the team work*d to support their emotional and behavloural needs. Und¢ubtedly the number of relerrals and the complexlty of the family need has grown dramatlcally over the last 6 months which is a concern. and this ha5 required the team to take a multi-a8ency approach t0 5UPPOrt the famlly to facllitate change, Ilnklna in more rxtenslvtly wlth other partner a8encies including GPS, health visitors, tta¢her. and Educational Welfare Offi¢Èrs. The team's abllity to tailor their 5ervlce to meet the individual family's specific rtèeds and adapt their servlce atcordini to a family's strengths and weakness#s is essential and the t?am's experience and ccntinual professional development through updating tralnlng is testament to thls. Tht other strand of support had been the provlslon of immedlate access to supermarket vouchers tor those most in need. In this time of dirt linan£ial hardship, families are stru88ling to meet their m05t baslc needs so thls èsset is invaluable. The provlslon of thls support remove5 a level ol wgrry for parents ènd allows them to concentrate on meeiing ihelr Chlldren's omatlanal needs. Mary Ann Mccracken Bursary PTO8ramme- In partnership with 3 other funders. the lame5 Kane Foundation, Mary Ann Mccracken FoundatlDn and Hunter Smyth Fynd. 64 students awarded with help, ran8ing from purchasing Vltal ¢gur5e equipment. prolect travel costs, buying too15 and livinB expenses. 12 received safety cards for constructlon Sn*Yustry training some of whom obtained employrntnt In a project that worked in partnership with 4 other lunders. Pa8E 2 BELFAST CHARITABLE SOCIETY BOARD'S REPORT (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 North Belfast Creatlve Dbgltal Hub- The Society helped cover the c05t5 of employing two P05t5, a Creative Technology Leader, Creatjve Technologist and contributed towards the bk*llding refurbsshrnent Includin8 fvrntture and eouipmtnt. There have been 4 khools, St Malath¢s College, 8elf3St 8oy5 Model, Domlnlcan Colleg? Fortwilliam and Oelfast Royal Academy with the number of teachers making ¢J5e of the hub, on è cros5 currkular basis, increasing frorn 21 to 27 and the number of students InC￿asing frorn 687 to 847 in yeaT5 8- 14. Sptclftc cour5E5 Inrl¥ded dlgltal enflchmernt. goowe workspace. Le80 and Mlnecraft t{￿1n8. antl the use of VR headsets to explore a Nuclear Fi551on reactor and the intefiors of a local church, an actlve volcano, and scenes to In5plre creative wrlting. The equlprnent also aSded the KS3 Dlgital CurrSculum. This has also had a p051tive Influence gn the numbers of students choosing computei science for GCSE whith has incre•sed swificantly The North 8ell3st Youth Choir-The Soclety funded the North Bellast Youth Choir- a choir that consists of 150 Young people from right across the area who avail of prDfe551onal Instrudlon and ac£ess the hightst standard of choral and muslc tuition. The Ihotr has appeared on natlonal and International stages and has encouraged members to form frlendships whilst learnln& perforrning, and has planned to travel together in October to perform in the Mansion House and Irish Emba55y in London. Logisttcal and financial barrier5 to participat￿)n were removed. 50 that any youn8 pprson can enloy all the benefits NBYC mernber5hip affords. The Cost.of-Livin8 Crisls Schools Support Fund- an lnitlat￿e created by BCS to support 11 post prlmary schools supply free breakfast and lunche5 where appropriate in the most deprived area5 of Belfast. The society re5pon(ted rapitjly and flexibly, getting support tij the people who need It most as quickly a5 Posslble by p￿￿dIng fundlng. Scho(•ls In these communlties have absorbed re31-term cuts in their bud8ets and 54Jflered di5proportionally. however over 9.250 pvpi15 benefitted from this prole¢t. - Nl Hospice- Specia115t Cornmunlty ca￿ Palllative NuT5es project- The first year of a three-year project wlth Nl Hospice, the society covered the salary costs of ul the Specialist Community Care Pa1113tive Ntsrses who are trained pancreatic cancer awareness, symptom management. and appropriate 5UPPQrt for families of patlents with pèficreatic cancer and tnd-of life care. The nurses have been workir*¥ in both the Belfast and South Eastern Health and 5Dcial Care TrusES,. have provlded care for 335 patiÈnt5. rn0Stly older pÈople. They have prov4ded Invaluable suppttrt and comfort In the final rnonths of ￿tIents. Ilves by 8ivSn8 farnlly necessary breaks from Earing and providin8 the resource to allow patients thelr last wlsh of pas51ng away at home surrounded bv their farnilv. - Mary Ann Mccracken Foundatlon- gcs fund The Mary Ann Mccracken Foundatlon to celebrate the Ilfe of the alJolltloThi5t, sodal reformer and actlvlst Mary Ann Mccracken and to build on her le8acy today a5 Someone who mad23 huge cont￿but￿on to Ilfe In Belfast, and beyond, includlng the Poor House. today known as Cllfton House. - Mary Anr Mccracken Foundation-Anaka Project- BCS funded the Mary Ann Mccracken Foundation to pilot an arts arsd poetry project wlth Anaka Women's Collertlve. a north Bellast cornmunlty of over flfteen natlonalltles. They worked with IDtal artlsts and poets to tteate artwork and poetry in considering the Mary Ann Mccracken story and how it might relate to thelr own Itves as TefuÉees. les- rant Anaka CollectlVE Imigrant Women's Education proiecil- fundln8 was provided to cover the ¢osts 012 workers from Aulust 2022. Since stsrtin8 thelr role5, they have helped in delivering ￿d￿tatIon cllnl¢s for women faclni ¢hallen8es relatiriK to their chlldrÈn's and their own educatlon. They have developed two En811sh conyersafjonal classe5 peT week, one Is onllThe. one at Anaka drop-in every Tuesday and have run baslc CDrnPUter cla55es In Arablc. ConversatlDllS are onioln8 wlth a range of stakeholder5 Inclydlng sthool principals, polltician5, and Eommunw groups about the development of education project. They recruited four online homework club volunteers, five volunteer English teachers. three volunteer maths & English volunteer teachers. four chlldren's artivitles volunteer5 and sevèral other5 who volunteer on ad htx bosls. Worked with People Flrst Dn training and employability- 39 begun courses for classrDom asslstants. chlldc3re, and health and social care, 20 in CV and job applicatlvn workshops. Had full dav workshops wlth Belfast City Council- Gateway to Choices Itranslationl and Employer5 for Chlldcart- on state benefits and hlldcare allowan£e as well as the Law Centre on le841 informatlorn about pemilsslon to work fof asylum seekers. with the Mary- Ann Mccracken Foundation there was a creative wrltin8 and art workshop. BCS- Education315UPPOrt- BCS also provlded educational expenses to ¢ne of the Anaka collective to complete an academlc cotsrse. Pag* 3 BELFAST CHARITA8LE SOCIErY 80ARD'S REPORT Icontlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 Phllint S prov1¢￿ ￿tin￿nI lupport tgthe Funders Forum Nl- a mernbefship lorum•nd ml*¢f Ind*p•nd+rtl and 5emi.IndepeDd•ntfund•rs ind r•p1•6•ntotN•sof wynimiiorth ¥Jhg lund anth￿kIll•nts1nN0rthern Irfrl•nd. BCS hostthe quèrttrfy meetiny•nd h￿ted ID annual conl•r*n¢Elfi Nov•Mb¢r1022 ai w*ll a¥ rnknani wllcv •nd su￿¥r¢￿ps OCS bpoll50redlhE Ch•rtI*￿ In*tltut• pf Fundf•isini'5 Nl Aw•￿ ind ih•swdff¢t•rwty- lundr1151niPirtneFihip ol the¥eir- whichw•s ah byAwir• N1 and Oanske Bink lor D yrtnv5hip ih•t h•dii••toryI￿$1r￿)D•l lrnpath, Ilninchl rvtum, si•lf p•rts¢ip•tson, ¥oluty¢tEr enwer￿n¢, aww•n•55 r•iwd ind I¢•rni￿. The Soc*ty Contin￿•0 10 SUPgDrtWQlk In pres￿1￿ 6Dd wener•tlryl¢al heriirfe 8SSE15 andihwrwk1er hlstory. by pro¥ldini S% mit¢h lufithrf. Thè SDei•ty wii suctesslyl In o)lainiN•• nth4opm•ryi Giibi •1 f67,76S from ihè N•tion¥l lottery Herltaie Fund to deliverthe Ilr%t rtgf "Ro¢re•ilni•Gi••l Pli¢1 N4f¢h a•llast" In Nov•mb•f 2022 on ts•hall ol the North B•lla%i H•fii•¢•Clusi•r rhi$ 6.montn ebpmtrf Pfojett w•5cornpl•wd. •nd1￿5¢¢*l¥ M¢yf•d • loN¢r-Itimi*liv¢ryir•ni- E682.939 In Auiu51 1023 lortheGreat Plxe F4orth B•llast prO￿rt fht Elust•r Ib CC*mW15•d af 14 m•mbari, r•SPODSibl•fur horilaie a55•ts sEr*lchino north B•llast who&ro t￿•1￿+￿¢11￿￿1Ih ihe ppoiea. Throu¢h the project the mèmbtN athiè¥ed imortyemvnu In ig¥trn•nie •nd oper*ionalcapacity. wttllst bulldin8 ènd 51renitheninirf•tMinihlp5 withln ihE du5toraTrd bryond. tt also¢eltr4ir%a stliei olsiroirflc orolecti that Include5 urban and en¥lronmental sultilnobllityspedflcto each lite oiwell ai the W￿r￿mI. a o>mpr•hefisi¥o arthw Project helplm io &afeiuard hisiDnc*S¢curnents ind ￿rt￿4[￿.. r•5e•rth•nd t￿lIN1h• 5tori•3of I￿¥￿rIouS611￿, Ind tbestrerti In betw•Qn. collttth￿fth1l1 èllow clulter￿M￿•rSto rndxtyMrMp•rtEolthelrth¥n hlstorythot hav• b••n fopiomnavtf tim•. Th(￿•5 H(wi4r¢ Th¢ Spti¢ty¢n5urt¢ 115 Iti•ry b¢que511iorn Thorn45 How•id w•5 4warded to Support activities lor DldEi people. Thil w•1 ¢onat•d io ¢ov•r th* cosis¢f i pr•httthat *nabl•i thov wlth d￿￿￿1￿4 4ndtheir(4rEri io iclvid on 30 july 1019. B•lliJt th4ntabl• up thi Maty M¢oick¢n *oundi1i¢n In 2019. Thls li bcornmny Ilmltedbv iuarantee whkh¥Y•s reWsteredwllhcompafi￿Tr￿￿e 6 Jun•2019. Pay4 BELFAST CHARITABLE SOCIETY BOARD'S REPORT (Contlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 Rn•nd•l R•¥I￿t4nd Awjlts for ih•yar Tho results forthe Vear are setout on pa¢e 10. The 54nthcant mo*ment in funds is as a resurt of the ce5Satlon ofthe defined benèfft pensbn stheme and the re-valoation of the Nursini Htrme. Ar theyeaT end 30 SeptÉMber 2023, the combined balances ofthe restrfcted and unrestrtcted were E413,691 and £12.779,628. Pl*fis lor Futyr* P¢thd5 #elfa5t Charitable Soclety held 4 $tratÈulc plan revièwforum May 2023. the pvrpo$es of whlth wa5 to tske5tock of tt5 curreftt 5traie8ic dir¥tyon •nd, IFneÈds be. refresh It and to a8ree the key prolects fwtheSucietytofDCU5 on in short to medivrn term. The sessknn wa5 Informed by a 5ummiry the athlevements over rEcEfit y¢ar5 I&￿en the tenure of the wrrent Ch•ir is to£owSEte Ir¥ March 10241. a r•n8e ol data and infornia¥on or+ currpnt proltcts. pEr the Object5 and Misslon of the charitythe Board reaffirrned tis rommitment to addre55in8 $0¢01 and economic dlsathantaKe. It WOS a8reed that rts work would, wtr￿re posslble. be dtlvered throuih pèrtnÈrships. colk7borètio*), with the Soclety IctlnÈ 35an honett broker, rnakln8 Ilnks and connertlon5 tsetwten and to our thEtworks. Jnd sthar*n8 bestpractke throu8h real lifE Itarnln8, In relation ro its phll3nthroplc wttrkthetherne5 rem&n ai.. l. Influencln8 phllanthropy to asslst the red1St￿but10n of wealth t¢ address PDverty le looklni at ways to ImpThe Kcess to flnafict for thpse from low incume backgrDunds.' enEovraein8 Other5 to let IDwolvEd in philinthropv. 2. EmpoworinÉ educatlon Jnd 5ki115 tu lrnprove empbyabillty. 3. U5in8 heritage as a utalyst for relenwation in a￿15 01 disathantsie.. 4. Improvlry older p¢ople5' connecrlons tg the vAder cornmunlty and serylces. 5. T•r8¢ted InteThentlons to create Inno¥4iipn and 8eryer•ie ￿ornin0*1 faclltètlnl phy51rol dt4ebpmentth•i meets tsnmet 50dal need. Furtherrnore, as the c•lend3r ye8r 2024 m•rks the 250yeèr annfver5ary ofCIIftDn HOUSE a veèr lon8 prDKrèmme of Events lencapsulètlng annual pl?nneil works sueh 05 tslks and tQUfsI wlll be dellvered. In relation to tht Mary Ann McCrack?n Foundatyun- Board l$ro considwthe rE50urcÈs requlred irlng fon¥ard. A rtew prop0531 to be presented IoEussed on ￿llerShIP. Tht SDcIEty will contlnue to l•cllltattthe care of o￿tr people through the lease arrangtment on bulldinis. In relltlon to the Dreservatlon and prO￿￿tioN of hefftaie. we will continue tD increase actess to ond use of Clffton House formeetiw, tours and difFerent ftrrms of spee1al￿t events. These att￿tItS wlll continue to be used ts pro￿te phllanthropy. tr¢ate Incomefor th chèr4ty while informins. entertainln8 Ind eduEatln8 Others. The Bo•rd We￿ deeply shoEked and saddened to hearaf the ufittmtly sudden death Dftheir dearfr¥end. collealue and Hofiorary Treasurer, Mi lan Elliott In Oecernber 2023, Struclure, Gvrtm•nre ind M•nwmetrt FpieAttS of Parll3ffjent, the mo¥t rectntcf whlch bEln8 the 8eWast ¢har*èble 5ociEty Act 1996. as abovt. havE governed the tore IN,I.I LLP were appolnied audiiors to the Sotseiy and ITh iC¢Drdènct with the Chariiies Act (Nanhern Ir¢lathdl 2008 attd Charit*bs Aci INorth•rn Irelandl 2013 for the perlod to Seoternber 2023. 5tatsm•ni ol th• BNrd'i ¥•5pon¥lblUfje5 The board Is requiftr* tD prepare flftancial statements for each flnanclal ye3r whlch IfuE and fairview olthe stale of affairs of the Suciety and Of the surplus or deflclt ol the Society for that pertod. ID pr¢parln£ those flnanci41 staternent5. the 6oard IS required to". - seltct suitable otto¥ntln8 pollcies and then apply them consIStent￿,. make iudgemtnts ind estlmates thaiare reasonable and prudent, -prepare the Inand•l statements pn the iolThT concern basis Un￿51 K 15 inopproprfate to presume thatthe Socwy will c¢ntlnUÈ in ¢pÈration. ThÈ Board Is responslble for ketpin8 proper at£ountsn8 record5 whitth disc105e wlth reo50nable accuracy at any lime the flnancial positlon of Ihe Sctiety. They are also responslble t0r5è1e8uafdl￿ the a55ets Df the Soiiety and hence for takin8 rea50noble slep5 for ihe prevention and det￿￿n of fraud and other irre8ularsries. ststsm•Tht Old￿tIo￿re to Audkw Statei))ent ttl dtsdosure to Audlior 5a far as the Board l* awart, the￿15 no televènt aUL*lt Infomiation of whlch the socièty's audittys are unaw*re' AddltK>nally thÈ 8oard ha¥è takèn all thè ￿CeSSary steps thry ousht to hBvE taken In order to make themselves èware of any relevant audit Infolrnatlon and to estsblish that the Soclety'5 auditor5 areawère ol rh4t Infoirnètlon The 8oard rern•ln5 extrern¢ty drnteful to the staff at the Societywho have worked hard from drffErln8 thtIDn$ tv ensure the opera￿0￿$ have Eontinued sÈamlessly dunri8 mDst ¢hallert8ln8 tlmes. order of the board r D.S. wai￿r5.ChaIrfflan Dète., 22 yti fv-l Zg P•p6 BELFAST CHARITA8LE socIErY INDEPENDENT AVDITORS. REPORT TO THE CORPORATION OF THÈ PRESIDENT AhlD A5515TANTS OF THE BELFAST CHARITABLE SOCIEIY Opinion We have audited the accounts ¢1 Belfast Charitable Society Ithe charity) for the year ended 30 September 2023 whiEh comprlse the Statement of Financial Artlvitie5, the Balan￿ Sheet, the Statement of Cash Flows and the notes to the 3ctOLtnt5, includin8 summary of significant accounting poll£ies. The flnancial reporting Irarnework that has been applied in thelr preparation 15 applicable law and United Kirngdurn Accountin8 Standards, Includlng Financlal Reportlng Standard 102 The Finandal Reportlng Standard applicablè in the UK and Republic of Ire13nd Iunited KinBdom Generally Accepted Accounlirtg PracticÈl. Oplnion on Rn•ncl•l Statem•nts In our opinion.. 8Ne a true and fair view on the state of the charl￿$ affairs as at 30 September 2022 and of its intomTrn8 resources and applicatlon of resources includin8 Its income and expendlture for the year then ended.. have been properly prepared In accordance with the Financial ReportinK Stsndard appllcable In the UK and RepublSc of Ireland (FR5 1021 leffective l January 20151- ICharitie5 SORP IFRS 10211, the FSnaMcial Rtporting Standard oppllcable in the UK and RepublSc of Ireland IFRS ID21- have been prepared in accordarnce with the requirements of the Charities Act (Northern Irelandl 2￿J8 and the Charities Act INorthern Ireland) 2013. 4ag1s fr>r opln10n We conducted OUT audit in accordance with Internat4onal Standards on Audrting IUKI115A5 IUKII and applicable law. Our responsibllitles under those standards are further described in the Auditor's responsibillties forthe audit ol the accounts 5ectlcn of our report. We are independent of the Charity in accordance wlth the ethlcal requirernent5 that are relevant to our audit ol the actounts in the UK, including the FRUS Ethical Standard. and we have fulfilled our other ethical re5ponsibilltie5 in accordance with tht5e requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our oplnlon, Conduslons rekitlni tts ioln8 ￿nCern We have nothSn8 to feport to you in resptrt of the followin¥ matters In ￿latioN to which the ISAS IUKI require us to report to you where: the Trustees. use of going concern basls of accountin8 Sn the preparation of the aetount5 is not appropriate.. or the Trustees have not dlsclosetl in the aceounts any identilied matefial uncertalntles that may cast signilicant doubt about the Charitys ability to continue to adopt the 8Oln8 concern ba515 of accounténg for a perlod of at ￿a51 ￿e1ve months from the date when the accounts are authorised for issue. oiher Inform•tlon The Other Inlormatkn cornprlse5 the Infermatlon Included In the annual report, other than the account5 and our audltorfs report thereon. The Trustees are rE5ponslble for the other Inforrnatlon. Ouf opinlon on the accounts does not cover the other Infoimatlon and, except to the extent otherwise expl1cl1￿ ststed In our report, we do not express any form of assurance coneluslon thereon. In connection with our audit ol the account5. our responsibilltv IS to read the other informatlon and, In doing so, consider whether the other Information Is materially Incon51stent with the accoLtnts or our knowledge obtalned in the audlt or ptherw15e appears to bo rnaterially misstated. If we Identify such material inconslstencies or apparent materlal misstatements, we a￿ required to deterrnine whether there is a material misstatement In the accounts or a rnaterial rni5Statement of the other information. If, based on the work we have performed. we conclude that there Ss a materlal mls5tatement of thls other Inforrnatlon, we are required to report that fact. We havp nothing to report in this regard. Oplnlons on other m•tters presrylbed by the Charltle5 Art5 INorthem Ire￿nd) 2008 •rrfl 2013 In our opinion. based on the work undertoken in the course uf our audSt.' the information 6iven In the Tw5tee5' RepDrt for the flnancsal year for which the Nnantial statements are prepared Is con51Stent with the finantial stat2ments,' and the Trustees. Report has been prepared In atctsrdance wtth applicable legal rèquirement. Pa8e 7 BELFAST CHARITA8LE SOCIEtY 114DEPENfJENT AUDrroRS' REPORTTOThE CORPORATION OF THE PRESIDENT AND A5515TANTS OF THE BELFAST CHAAITABLE SOCIETY Icontinuedl Matters on whkh we •re requlred to repDrt by excep￿0￿ In the light of the knowled8e and understandin6 of the Trustee5 and it5 environment obtained in the course ot the audit, we have not identifled rnaterial rn1551atements in ihe Trustees, Report. We hav* nothin8 tg report In respect of lh* followln8 rnatters In rekitlon to which the CompaThies Act 2Crf)6 requires us to report w you If, In our opinicn.. deguate 4ccount1￿ records have not been kept, or returns adequate lor our audlt have not been recelved Irom branches not vssited by us. or the accounts ère not in agreement with the accounting re¢ofd5 and retufns,. or tÈrtaln d1scbosu￿S of tru5tee5' rernuneration 5pecrfied by law a￿ not made,. Dr we have not recefved all the Inforrn•tion •nd explanètigns we requlre tor ouroydlt. A•5poThslbllltbes of truste4s As explained more ful￿ in the Statement of Trustees, Responsibilities. the Trustees, are rÈsponsiblÈ for the preparation Df the accounts and for being satisfied that they glve a true and fair view, and for such internal control as the directors determine 15 necessary to enable the preparatlon tsf èccounts that are Iree from material misstatement. whethtr duE to fraud or Èrrr>r. In preparSn8 the accounts, the Trusiees are responstble lor assessing the Charivs abillty to tontinue as a 8oin8 concern, di5c105in& as appllcable, mattEr5 related to golng concern and L151ng the golng concern ba515 of accountlnK unless the Trusiees elther Intend tts114uldate the company or to cease operatlons, or have no rea115tic alternative but tc do so. Audltorfs respor￿bIlItlèS fof the of the Ilnanclal ststements Our objertive5 are to obtaln reasonable assurance about whether the accounts as a whDl* are freE frgm materlal ml$st8tement, whether due to Iraud or error, and to i55ue an auditor's report that Includes our opinion, Reasonable assurance 15 a h￿h level of ?5surance but Is not a guarantee that an audlt condurtÈd in accordance with ISA5 IUKI will always detECi a rnaterlal misstatement when it exists. Misstaiement5 can ar15e from fraud Dr error are rcnsidered rnaterfal if. individually or in the aggreiate. they could reasonably be pected to influence the economk deEi5ions of users taken on the basis ol these accounts. Irregularities. irncludin8 fraud. are Instances of non-compliance with laws and regulations. We dEsign pro¢edure5 In IinE Wlth our responslbllltles, outllned abDve, tD detect material rn155taternents in respect ol iTregularitles, including fraud. Th2 extent to whi£h our procedures are capable of detecting irregularities. induding fra￿d, is dètailed below. Expl•natkJn as to what extent tht w*s ¢onsldered capable of deteciins Irwu1tyr￿Ie$. Intludlng The objKtives of our audit in respect of fraud, are to identify and assess the risks of material rnisst8terDent ol the flnènci315tatements due to fraud,. to obtsin sufficlent appropriatÈ audlt evidÈnce regardin8 the asse$5ed risks of materlal mi$5tètement due to fr3ud, throu8h desl8ninB and implernenting appropriate re5ponse5 to those a55e55ed ri5ks,' and to respond appropriately to Instance5 of fraud or suspecied tsaud Identifled durlnB the audit. However. the primary responsibility for the prevention and detection of fraud rests with both mana6erneftt and those charged wrth Bovernante ol the Charity. Our approach was a5 follows.. We obta￿ned an understanding of the legal and re8ulatcry requirements appllcable to ttte Charity and con51dered that the m05t signifitènt are the Companie5 Art 2006 and the Flnantial Reportin¥ Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectlve l January 20151- (Charlties SORP IFR5 10?). Enqulry of rnonagement, thost charsed with governance and the entws sollclt¢rs around and potential litilation and clairn5. En9ylry pf entlty staff In £ompllanceluft£iiL>ll5 to Idtfttlfy any Insiances of any non-cornpllance with law5 aThLI re8uI8110fi8. Reviewlng financlal statement dlsclosures and testin¥ to 5UPPOrtlng documentation to a55e55 compllance with applicable law5 and regulations. Auditing thÈ risk ol mana8ement override of contro15, including throu8h testlng jOUTnal entrles ond other adjustments for 3ppropriatenes$, and evaluatln8 the busine55 rationale of significart transaction5 Outside the normal course of busine55. Page 8 BELFAST CHARITABLE socIFrY INDEPENDENT AUDITORS, REPORTTO THÉ CORPORATION OFTHE PRESIDENT AND ASSISTANTS OF THE BELFAST CHARITABLE SOCIETI Icontlnued) As part of an audit in accordance with ISAS IUKI we exerelse professional judgement and maintaln professlonal sc2Ptlcism throughotjt the audit. We also.. Identify and assess the risks of material misstatemènt of the financial statement5, whether dLtre to fraud or error, design and perform audrt procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provbde a basis for our opinion. The risk (7f not detecting a material mi5Statement resulting from fraud is hlBher than for one resulting from error, as fraud may involve collusion, forgery, Intentional omi55ions. m15representations. or the override of internal tontrol. Obtain an understanding of Snternal control relevant to the audit in order to design audit proced(tres that are appropriate in the circumstancès, but not for the purposes of expressing ars opIn￿n on the effectweness ol the company's internal control. Evaluate the approprlateness of accounting policles used and the reasonablene55 of accountln8 estlmatos and related disclosures made by the Governors. Conclude on the apprDpriatexe55 of the Go¥emors' use of the going concern basls of 3¢counting and, based on the audlt evidence obtained, whether a material uncertainty exlsts related to events or condltions that may cast slgnificant doubt on the Charitvs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw Attention in our auditorfs report to the related disclosure5 in the financial 5tatement5 or, if such disclosures are inadequate, to modlfy our oplnion. Our contlu5ions are based on the audit evldente obtained up to the date ol our auditorf5 report. However, future events or condltlons may cause the Charlty to cease rD continue as è 8o¢r58 concern. Evaluate the overall presentatlon, strurture and content of the financial staternents, Intludlng the dlsclosures. and whether the flnanclal statements represent the underlylng transactlon5 and events In a manner that achleve5 fair pre5entstlon. A further de5¢rlptlon of our respDnJlbll￿Iej for the audlt of the aicoLtnt5 15 Ivcated on the Flnancial Reportln¥ Council's website at.. http.'l/wwW.frc.or8.uk/auditors￿SPOnslbIjrtIes. This description forms part of our audltor's report. We communicate with those charged with governance regardln£, arnon8 Other matters, the planned scope and timin8 of the audlt and slgnificant flndln8s, includin8 any slgnificant deficiencies in internal control that we identify durln8 our aLsdlt. Use of our report This report is made solely to the Charit￿$ members. as a body, in accordance with the Charity Acts (Northern Ireland) 2D08 and 2013 and regulation5 made under that Act. Our audit Work has been undertaken w that wè ml8ht state to the Ch3rltVs mernbers those rftatter5 we are required to state to them in an auditor5, report and for no other purpose. To the fullest extent permitted bv law, WE do not accept or assume responsibility to anyone other than the Chartty and its members as a body, for our audit work. lor thls report, ar for the opinions we have formed. Moore jN.Ij LLP Chartered Accountants & RegSstered Auditors Dated.. 21 MPKC tr-1 1094 Donegall House 7 Oonegall squa￿ North Belfast BTI SG8 Page 9 BELFAST CHARITABLE SOCIErY CONSOUDATED STATEMENT OF FINANCIAL AcfivITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER Z023 Total Totsl iozz 2023 As Aestsmd Aertrkted UNellrkttd Funds Funds Iltstes Incorne from: Oonatlons and le8acles Charitable activ¢tles Investrnents Tradlng artlvltles Other 23.918 452,801 145,251 178.261 49.OIR 23,918 671,705 146,082 188,149 49.018 349,266 533,273 107,594 220,464 20.576 218,904 831 9,888 Totsl Income 229.623 849,249 1078,872 1,231,172 Expendltwe on: Raising funds Charitable activities Costs of tradin4 acti¥ltles 28.780 604.589 144.437 28,780 754.952 184,423 2B,IfK) 481.338 260,499 150,363 39,986 Total EMpÈndrturn 777.806 968,15S 769,937 Gain5lllosse51 on d15posal ol invesiments Net 8ainslllossesl on investment5 Gain on revaluatton of inve5trnent prgperty 256,749 1,331,325 256,749 1,331,3Z5 1412.9851 Net Ir¥comellexptndlturel 39.274 1.659,516 1,698.791 48,250 Trnnsfer5 b•lween fur Othei Re£oinlsed Gain5 and Loss•s Actuarial galn5111055esl on deflned ben￿[t pen5ian scheme 16 1,001.4951 1.001,4951 869,( Net Movement In Funds 39,274 658,021 697.296 917,250 Total funds brought forward 374,416 12.116,468 12,490,884 11,573,633 TOMI funth carrw forw•rd li 413,691 12,774,490 13,188,180 12,490,883 The statement of flnancl81 actlvltie5 has been prepared on the basis that all operntScn5 afE contlnuing. The 5taternent of financlal activities includes all galns amd 10sse$ re¢o8nised durlng the year. The notes on pa8e5 14 to 25 form part of these f1narsci31 statements and should be read in conjunction therewith. Page IQ BELFAST CHARITABLE SOCIETY BELFAST CHARITABLE SOCIETY BALANCE SHEET AS AT 30 SEPTEMBER 2023 202a 2022 As Restated Note5 Med •ssets Tan6ible assets Investment propertSes Investments 315.823 5,500,OTrJ 4,463.526 331,538 4,168.675 4,268 Q88 10,279,349 8,768.301 C¥rrent •55ets Debtors Cash at bank 3nd in hand Short term deposits 18.536 1.757,135 1,160,280 36,072 485.110 930,770 2,935.951 1,451,952 Cretlltors.. amounts falling due wlthin one year 34,468 29,404 Pkt current •sMts 2,901,483 1.422.548 Defined bEnefit penslon o55et 16 2.308.(rfJ) Net assets 13,180,832 12.498.849 Charlty tund5 Restricted funds Ufirestrlcted funds li li 323.987 12 856,845 339.215 12,159,634 Total charity funds 13.180,832 12,498,849 The financSal statements were approved by the Board on 21 ond 518ned on its beh6lf by.. Mr D Wattef5 FCA Chalrman .A. 140AI< The notes on pa¥e5 14 to 25 forrn part of these financial ststements and should be read conju#ctiLFn the￿wIth. BELFAST CHARITABLE SOCIErY CONSOLIDATED BALANCE SHEET A5 AT 30 SEPTEMBER 2023 2023 2012 As Roststed Notes xed 4s1ets Taniible Issets In¥estment properrl•s Investments 358,842 s,5￿,0()) 4 463,426 380,108 4.168,675 4 267 988 10.312.268 8,816,771 Curr•nt •iwts Debtor5 Cash at bank and In hand Short term deposlts 21,667 1,773,535 1.160,280 14.068 540,298 930,770 2,955,483 1,485,136 Credltors.. amounts talllng due within one year 89,570 319021 N•t curr•nt •sMts 2,865,913 1.366,113 Defined beneflt penslon asset 16 N•t assets 11,188.181 12.490,884 Ch•rlty funds Restricted lund5 Llnre5trlcted fund5 li li 413,691 12 774 490 374,416 12,116,468 Total charlty funds 13,188.181 12.490,884 Ttrte flnancial st•tement5 were apprtsved by ihe Board onll and si8ned on Its behalf bv.. Mr O Watters FCA Chalman The not•5 on pa8•$ 14 to 25 form part of thpse flnantlol statern*nts and should be read In ¢unjunEt40n therewith. Page 12 BELFAST CHARITABLE SOCIETY CONSOLIDATED STATEMENT OF CASH FLOW5 FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 Nèt cash l0uffi0wl￿nl1oW from Operati￿ •¢tlvltes 1.287.010 382.024 Cash IFOW from in¥estln8 attMt*s Dividends and Interest Irorn investments Payments to acquire tanglble assets Payment5 to ac4uire Investments Receipts from sales of investments 146,082 16,8361 1530,4311 566,923 IC17,594 111.8511 1862,3301 628.964 Net ush louffiowl/inllow from In¥ertfj￿ actfvities 175,738 137,6231 14et Idecreaselllnuease In cash Ind t•$h equ1¥3￿nts 1.462.748 244.401 Cash and (ash oqulv•￿nts at l Oclober 2022 1.471,068 1.226.667 C•sh and ¢•sh Equ￿¥1eNts It 30 september 2023 2.933,816 1,471,068 Cash cash equivalents tonsist of Cash at bank and in hand Short terrn deposits 1.773,535 1.160,280 540.298 930,770 Cash and cash equlvalents at 30 September 2023 2 933.816 1.471.068 The notes on pages 14 10 25 form part of these flnanclal statements and should be read In eDnlunct+on thefewith. Page 13 BELFAST CHARITABLE SOCSErY NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Rtcondllatlon of net In¢omele¥pgndlture to net cash Inllowfrom operatlni a£tfvbes 2023 2022 Net expersditure for the reportin8 perlod la$ per ststement oi financ¢al acti¥rtiÈsl 1,698,791 48.250 AdJusfm•ntsfor'. IGalnsl/losse$ on investments Dividends and Interest Irorn Investments Depreclation of tan8ible a55et5 Movement in debtOfS Movement in creditors Pension costs credited/lchar8edl 1256,7491 1146.0821 28,102 17.S991 129,4531 402,732 1107.5941 35,213 47,100 17,6771 36,000 Net Cash Inllow from 0peTr￿n8 •rtb4ltles 1,287,010 382,024 Anatysls of ch•nies In net dobt The chartty had no net debt durin& the year. Pale 14 BELFAST CHARtrABLE SOCIErf NOTE5 TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 A¢tountlng polldes 1.1 Ac¢ountlnB conventk¥n Belfast Charitable Soclety Is an unincorporated charity re8Sstered wlth the Northern Ireland Char￿leS Commisson. The address of the re81ste￿￿ office is Clifton House Herita8e Cent￿, 2 North Queen Street. Belfast BT15 LES. The Society IS 8overnetJ by five Acts of Parliarnent. the most recent being the Belfast Charitaèle Society Art 1996. The financlal statements have been prepared In attordance with the Society's Act. the Charities Act (Northern Irelancll 2008 and the 'Accountin$ and Reportirng by Charities.. Statement of Recommedended Practice applicable to Charlties preparln8 their accovnts In a£tordance with the Flnanclal REportln6 Standard applicable to the UK and Regubllc of Ireland IFRS 1021" las amended for accounting periods commencln6 from l January 20161. The charlty is a publlc beneflt entlty as defined by FRSIO2. The atcounts are prepared in sterlln& whlch is the funrtlonal currency of the Charity. Monetary amounts in the flnanclal staternents arÈ rotsnded to the nearest £. 1.1 Tanilble fixed assèts and d•preciatlon Wlth the exception of land and bulldings. property, plant and equlpment are stated at Cost less accumulated depreciation and any ￿c08n￿sed impairment Io55es. Land and buildin8s are stated in the balance Sheet at revalued amounts. being the fair value on the date of revaluation less any sobsequent deprEciation and impairment losses. Revaluatlons are perforrned wlth sufficient regtslarlty such that the tarrying amount does not differ materially from that which could be detemined u51ni falr values at the reportln8 end date. If an asset's carryin8 amDunt is increased a5 a result of a revaluatlon. the increase shall be recognised in other comprehensive incorne and accumulated In equity. However. the incre35e shall be recognised in profit and 10$5 to the extent that It reverses a revaluatlon decrease of the same asset previously recogn15ed In profit of loss. The dècrpa5e of an as5eVs carryin8 amount as a result of revaluation shall be recogni5ed in other cornprehensive Income to the extent of any previously recoRnised revaluation increase accumulated in equity, In respett of that asset. If revaluation decrease exceeds the accumulatEd revaluation gains accumulated in equity Tn respect of that asset. the excess shall be recognised In profft or loss. Depreclatlon is provided at rntes calculated to wrrte off the cost less estlmated resldual value of each asset over Its expeded usefvl life. 3$ follows.. Buildin¥5 £qulpment Fixtures & fittings 1.3 Investment propertlts Inve5trnent properties for which fairvalue tan be rnea5ured ￿liablY without undue cDst or effort are me35ured at falr value at each reponlng date with changes Sn falr valu? ￿C08n1Sed in'net gains/llossesl' on Investments In the SOFA. L4 Investments Losses arlsin8 on disposals and revaluatlons thrtsu8hout the year. 1.5 Fund accountl Gener31 fund5 are un￿StrICted fvnd5 whlrh are avallable for use at the dlseretlon of the Board in turtherance of the general oblectEves of the Soclety and whlch have not been designated for other purposes. Restrlcted funds are funds whlch are to be used in accordance wlth SPEcSfic r?strlctlons Imposed by donors or whlch have been ralsed by the Society for particular Purposes. The Cost pf r31sin8 and a¢ministerlnB suth funds are char8ed agaSnst the spe¢lflc fund, The aim and use ol restricted funds is set out in the notes to the financial ststements. Resiricted fund5 may only be transferred tu general or deslgnated funds once the crfierta for restfi¢tlon have been discharged or no longer apply. 1.6 Incomlni resoyr¢es All incorning resources are Included in the 5tatemEnr of Financlal Actwlties when the soclety Is legally entitled to the intorne and the amount can be quantified with reasonable accuiacy. Income 15 deferrpd On￿ when the society has to lulfll condltions before becomin8 entitled to It or where the donor/funder has specified that the Incorne 15 to be expendEd in a firture perS0d. 2% on revalued amount IO% on cost 20% on c05t Pèoè 15 £LFAST CHARrrABLE SOCIETY NOTES TO THE CONSOLIDATED FINANCIAL 5TATEMENT51CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 countlN polklts Icontlnuedl 1.7 I1•￿￿rtaI •xp•nd•d Resources expended are included In the Ststement of Financlal Actlvlties on an accruals basls, Inclusive of any VAT which cannot be recovered, Charltable expendlture compr15es those cost5 incurred by the Soclety in the delivery of it5 artlvlties and services for Its bèneficlaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessjry to support them. Governance c05t5 In£lude those costs assoclated wlth meetlng the constllutlonal and statutory reoulrements tsl the company and include the audlt fee5 and tosts Ilnked to the strateglc management of the charlty. 1.8 C*•h •Ybd c•ih •qul¥•l•nts Cash and tash Èqufvalents indude cash ir+ hand. 1,9 Flnanclal Instruments The society has elected to apply the provisions of Sectlon 11 'Ba5ic Financlal Instruments, and Sectlon 12 'Oth•r Fln•ncl•l Instruments lssu¢s' of FAS 102 to all of Its Ilnanclal Instrurnent5. Flnanclal Instruments are recognised In the SocSety's balance sheet when the SocSety becomes party to the contractual provlslons of the Instrument, Financlal a55et5 and IlabllltSe$ are offset, wSth the net amounts presented In the flnancial statements, when there 15 a legally enforceable rliht to set off the reco8nlsed amounts ¥nd there 55 an Intentlon to Settle on net bèsls or to rea115e the asset ènd settle the1Sablllty slmultaneouslv. 1.10 ￿51( flnancl41 assets Basic financial asset5, which include debtors and cash and bank balances, are Initially measured at transaction prlce includln8 transaction costs and are subsequently carried at amortlsed cost usln8 the effectlve interest method unless the arr8n8ement constitutes a financing transaction. where the iran5aCtion Is measured at the presEnl value ol the future recelpt5 discounted at a market rate of interèst. Flnan¢ial assets lassifled as receivabl¢ wlthin one year are not amortised. 1.11 Baslc Iln•n¢lal Il•bllltles 8aslc financial liabllitles, Includlng credltors and bank loans are Snltlally recogni5ed at transactlon price unle$5 the arran8emtnt constitutes a financin8 transactlon, where the debt Instrument Is measured at the present value of the future payment5 discounted at a market fate of interest. Financlal Ilablllries Classifled a5 payable within one year are not amortised. Debt In5trurnents are subsequently carried at amortised c05t, U51n6 the effective interest Tate method. Trade creditor5 are Dbllqatlons to pay for ggods or servi£e5 that have been acquired in the ordinary couise of operation5 from suppliers. Amount5 poyable are classified as current liabilities if payment Is due within one ve¥r or less. Il not. they are presented as non-current liabllities. Tradè creditors are recoBnlsed Initially at transaction price and subsequently measured at amortisèd Cost using the effective interest method. I.IZ V•lu* •dd•d t•¥ The Society Is not registered for VAT purposes. therelofe irrecoverable VAT is charged to the Statement ol Flnanclal Actlvities, ur c4pltallsed as part of the cost of the relaied asset, where appropriate. l.lj Taxatlon The Socletv 15 a fEglsterèd charlty and the charltable tax exemptions are therefore being tlaimed to the extent that incomt andlor 8ains are applicable znd applied to charitable purpose5 9Thly. These e¥emption5 will remain In place as lon8 as income and expenditure is applied to charitable purposes only. Governance c05t5 Include those costs associated with meeting the constltutional and statutory reqylremEnts ol the Soclety and include the audit fees and c05t5 linked to the strategic management of the charity. Pale 16 BELFAST CHARITABLE SOCIETY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 A¢¢ountlni pollctes 1.14 Employee benetlts The costs of short.term employee benefit5 are re￿nised as a11oblllty and an expense, unless costs ère requlfed t¢ be recognised a5 part of the cost of stock or fimed assets. The cost of •ny unused holiday Entitlement Is rewnlsed In the perlod In whlch the employee's servlce5 are recelved. Terminatlon benefits are recognlsed Immediately as an expense when the company Is demonstrably cornmltted to terminate the employment of an employee Or to provide termination benefits. I.IS Pensloni Belfast Ch•rltable 5oclety makes employEr contrlbutlorns to the multl employer Northern Ireland Loc•1 Governrnent Officers. Superannuatlon Committee Scheme INILGOSCI. NILGOSC Is a deflned beneflt Scheme whlch Is externally funded and contracted uf the second state Penslon Scheme. The Funds are valued every three years by artuarle5 U5in8 the prolerted unit rnethod, the rates of contributlon payable bein8 determined by the trustees on the advice of a¢tuarl*s. Penslon costs are a55es5ed on the basi5 of the latest actuarlal Valuations of the scheme and are aco)unted for on the bas15 of char8lng the cost of provldlng penslons over the perlod durln8 whlch the Soclety benefit5 from the employee5, servlces. Varlatlons from regular cost are spread over the expected average remalnlnfjK wtsrkin8 lifetlrne ol members ol tht Scheme afttr rnalln8 •llowance5 fof futur¥ wlthdrawils. The difference between the falr value ol the assets held In the Society's dellned benefit penslon scheme and thÈ scheme's Ilabllltles measurtd on an artuarlal basls usln8 the projected unlt method •re recognlsed In the society's Balance Sheet a5 a pension Scheme asset or Ilablllty as appropriate. The carryln8 value of arny re5ultlThg pension scheme as5et15 restrlcted to the extent that the Soclety Is able io recover the surplus elther throu8h reduced contrlbutions in the future or through refunds from the scheme. Ch•hOV• In th• d*flrt•d b•neflt p•n•lon •Gh•m• •¥¥•t or Il•blllty arl*lh• from l•ct•r• oth•r th•n wntrtbutlonA by th• Soclety are charyed tts the income & expendltute account. P¥4e 17 BELFAST CHARITABLE SOCIErY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 Not•5 to th• St•t•m•nt olFSh•rKhlA¢tMII•s 11 ID¢offl• from dMrtt•blo 4rt&4lt RMtrlEl¢d Unr•sirlrt•d Fundi Fyndi Tot•1 2013 Tot•1 2022 Charttsble actI￿t￿$ iross Income Includes.. Par•ni Charw. Ch•rn•bk5o¢iety RentBI Irirgme RunwoDd rental Iniame Natlonal Lott•ry Herltaie Fund Barbour Sund Departrnent of ForÈlin Afvlrs •nd Trade,. Retonclll•tlon Fund BCC I8OH Aoll and Rtlister Baok Comrnunlty Found•t FFNI fies & Cohf Uliter Garden Vlll¥25 Nl WatÈr A.R.N Foundatlor4 Vlrtorll Homel Trust 31,897 39a,884 3&897 J90.814 74,166 22,988 390.884 88,110 1.5ao 4.571 4,640 74,166 1,038 Lo I,wo 6.500 50,OC¥J 1,1 10,0 75,0 io.( 75,( Subsldlary Charllv, IA•ry Ann McCF•rk•n Foundatlon 5.035 5,035 9.581 427,116 S23,273 1.2 Tf•dlr4 A#MII•i B•Wast Ch•rlubl¢ s￿l*lY has one whalty-owhed tr•dln8 svbsidlary company, Cllfton House Centre Llmlted. Clfftoi House Centre Llrnlted Is • comp•ry Ilmlted by sh•res, havlni a share c•pltal and rei151¢red In Northern Ireland. Th• results of thli tridlnl i*Jbildlary eomp•ny1s iumm•rls•d below. Cornpany reiistr•tlon Number P•rttntsi• owmrshlp NI 605357 R¢st•ted 2022 Fln•ncial 8e5uIts 2023 Incom• C05t of Sales Admlnlstratlve exFen5 213,134 Z88,714 156,8291 1128.2201 167,946 Net Intomellexpendlturel foryear 12,211 17,4511 Consolidaiion adlustment5'. Intorcompahy incorne Intereompany expenélture 124,9851 16,5 168,2501 35.667 •1 Income/l•xpeTrdlturtl from $ub$ldlary Net income from subsldl•ry Ntt txpEfiditure frtsm subsldlary N•t Incom•/leMp•nditurel from 5ub5wllhry 188,149 184.423 220,464 260.499 2.3 on rnbslneluThdi A*strkthd Unr•rtrtrted Funds Fynds Totsl 2013 Tot•1 1021 P•r•ht Charlty, Bellast Charttèblo SocleT¥ Investmeni mènliement ￿51% Incurrod 28,780 IB.780 11,710 24.100 pile 19 BELFAST CHARITABLE 50CIErY NOTES TO THE CONSOLIDATED FINANCIALSTATEMENTS Icontlnuod) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Notu toth• S¢•t*m•Tht ol FTrn•ncl•l A¢tl¥ttkns It•ntlnuedl Tat•l io A6 R*st•t 2.4AMWi ole¥p¢fidlture on thirftatslo •ttfvtt Totsl P•rent Charity, belf•st char1rab￿ Sorl•ty Staff costs ActNltit5 & i•rvicts tsndertoken Dopr•ciatbn Govtrnante & Support CK>5ts Oth?r Charltoble Act￿ltIeS b51diary Und¢rtaklni.' MaryAnn Mccrxktn Four4d•tlgn fjrnnt 155,867 442,S34 22.550 IC*),730 119,763 258,682 29,661 73,233 16.471 738 452 1.5 SOFA olp•r•ffl ￿MPl￿ Tot•1 Tot•1 1021 23 kn R•rt•t•d P•r•nt ch•rlty, Chidt•bl• Sothty Unr•rtrf¢t•d In￿me Oon•tloni & lrf•Ele5 8.720 422.781 14S.2SI 49.018 8,720 641.686 146.081 49,018 366,517 523,692 107.594 218,901 831 Inv•itm•nt In£orn• Othtr Total Income 119 735 615 770 84S,505 Expendltuie Rèislni lund5 28.780 28,780 28,ICQ Staff Costs Actlvltie5 & swvkes undertikon Dopi•¢i•iio Go¥erfi•n£e & Suppart C05ts IS5.867 1gZ.471 155.867 142.834 22,550 ltsJ,070 119.763 327,39S 19.66X 150,363 Z2iJ50 100 07Q Total Expendrturt 599.737 750 101 571,697 Goin￿1￿105) on d15posal DI Investmvnts et qalnsllloss￿I on Invtitments Gèlnsllloisesl on r￿¥1￿￿tIon of lthY•strn*nt property 256.749 1 331,32S 1,614,107 256,749 1331.325 1,683,478 1412.9851 69,372 49,364 Transler5 between fvnds Othtr Rtwnlied 6•ln%and L0$5ES Artu•r131 i•lnsllkss•s1 on d•fined btnofit pension i¢h•m¢ I￿1495 I￿1495 N•t movtrnents In lund5 612 611 918 364 Pale 19 BELFAST CHARITABLE SOCIErY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 30 5EPTEM8ER 2023 Ngtes to thi Ststement of Flfiantlal Actl¥ltles Icontlnuedl 2.$ AMlysps ol d￿rIt•bI• xtl¥ltkn IcanLI Belfast Charitable SDCitty has one wholly-owned chafiiable subsidiary companyi Mary Ann Mccracken Foundotion Limited. Mary Ann Mccracken Foundatlcn Llmhed is • Prlv•te Llmlt•d Company bYRUaT3ntte without share capltal use of 'Llmrted' exemptlon and re8iStered in Northern Ireland. The results ol Ibls tradi￿ suwdlary company15 surnmarlsed below.. Company re81stratlon Number Date charltable statu5 8ranted Chadty Commlsslon Nl No. Percentage tswnershlp N1662065 1710812022 N1108857 Tgtal Z02a Total 20 FlnarKlal results of MaryAnn McCr•cken faundatlon AestrlLted Unrestrl(t•d Incorne Donatlons and1￿acleS Charitable acti¥itie5 15,199 5,035 15.199 12.749 9.581 Total Income 20,234 22.330 Expendlture Charii3ble •Cti￿lIeS Stètt costs Goods & 5eryl¢es Governanee & Supwjrt Costs 16.471 16,471 10.537 5,455 Total Expenditure 17,131 17,131 15,992 Net In¢vme/Net rnovement Infund5 3,103 Consolidation odlusimeTht5'. Intercompany ￿ncoMe Inte￿OmpanY e%pEndlttsre 115.0001 115,0001 Ili,OODI Net Incomellupondlturol from subskliary 11.8971 11.897 4.662 Net income from subsldlary Nei expendlture from subsidlary NÈI In¢tsmell•xpendturel Irom 5ub51dl•ry 5.234 17.131 5.234 17.131 11.330 15,992 Z.5 GI)￿￿1￿ce costs 2013 2022 Le8al and profess￿n¥1 tees Accountancy Audit fees 23.S96 JO.B43 S,490 23.429 3,341 1.371 29.142 3 Net Incom￿(eXpendI¢Ul•I forth• y••r 20 2021 Net incomellexpendlturel15 Stated after char8ingllcredltinKI'. DtPTtei8rion of tan8iblè fix*d assots Profit on falf value rnovEmeTht ol Invesirnents Fee5 payable to the charity'5 audltor for the audit of the flnancial 5taternents 22,550 1256,7491 24,fj61 14Q2.7321 4 Tru1t*￿ *nd k•y m•MwMnt wryonn•l r•muner*ion ond e¥p•nsÈs The trustees neither rtteNed or wawed Iny remuntration durlng the year11022..£nill. Piit 20 BELFAST CHARITABLE SOCIETY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS l¢ontlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 5 T•Nlble flxed •55Qts Th• & Chartty nd •nd E4ulpm¢ht Flrtwes & Flttlnp Tot•1 ca￿Vil￿al At l Ort¢ber ZOII Addltlons DIsposa15 2>J,C 899.021 6.836 966.662 2.155,683 6,836 At 30 september 2023 90S,857 2,162 519 Deprn¢l•tS0Th At l Ottober 2022 ChirBe fpr the yeir D1$pr￿lS 15.874 BS1,713 14.318 907.988 7,984 1,775.575 28,102 At 30 5epttmber 1023 915 971 1 803 677 N•t b001 v41u• At 50 5epternber 2013 At 305EPtember 2022 174,126 47.308 380,108 The l•nd and hlstorlc bulld1￿$ it Clffton House, whlrh were Iwed to NIH In 20W lor • pprlod 0170 ye•r5, are not Ineludttl wlthln tht soc￿ty,$ finan¢l•l 5tbtornents. L•nd •nd bulldlny wlth a carrylw value of É429,414 were fev•lued •t 16 October 2017 by C8RE 141 Llmjted. Independent ￿lutI$ not connerted wlth the Eh•rtiv on tht bajls of marker v•lue, The v•luatlon conforrns to Intern4tlon•l V•luiiion Si•nd•ftls •nd w•$ based on r•c•nt rnirktt transattltsns on arm's lerwh tErrn lor 5irnllaF propertl*$. It rtvalued •ssets were suied on an h15tort(•l cost b•sls f•thErthan 4 falr Val￿ b•sls, the tot•1 •mounts Included WDuld hav? been is follow5.. ioij Cost kcumulattd deprer1lt￿n 6LhJ,634 243 197 6LhJ,634 Cèrryin¢ v•lue 357.3a7 369 3SO 6 Irw•rtm•n¢ prvg•rt1 Tho Grnup & C￿rtty F•Ir¥•￿t At l Ortober 1022 At 30 Septernber 202J In¥estrnent prtsperties tomprL%e ih? pr•mliei ol Clffroft Nuryini Mome, l MopEw•ll Avenue, Belf•st, bT13 IDR. Ind 8round reftt portfJl* of 63 separnte 8ruund rtnts all lotated ln 8eMè5E. These propertles wtre subiert to èn Independent professional valuitltsn at 30 September 2017. Cafrled out by CBRE Nl Llmlted on a falr valve basls. The valu•tk)n was m•de on an open market value bèsls by referenct to mlrket e¥ldeneE ol traD5athon prlces f0151mllar propertits. An Indk•tl¥ev•lu•riOn eyefclse w•$ urritd out ￿ Oe¢tmber 2020 on rhe Nurslnl Home Ind the v•lut Indlcoted has been feneclt¢$ ln the atcountS at 30 Septomber 2021, The Trustee5 have oireed to commisslon & formal ¥•luètbJn every 3 ye•r5. rhe next Valuatknn will be due to be undertaken In the 2023 year to be refletted In the 22123 a£(ouhts. P•te 21 BELFAST CHARITABLE SOCIErY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 7 In¥•simeiits Tho Group 2023 The Ch•￿ty ?023 1022 Llsted inVest￿*T1ts Unllsted Investments 4,463,426 4,267,988 4,463.426 Ic 4,267,988 100 4,463.426 4,267,988 4,463.526 4,268,088 Llit•d l#vertments ili¢•d ￿￿￿t￿•Thts (Th• Grnup & Ch•rityl Market ValuE atbe¢innin4 of ye•r- As reststed AdditFons to Investments at cost DIsp05a15 at carryln4 value Net profit on re¥•luatlon 4,267.988 507,691 1566.9231 254,670 M4rketV8lue •teThd of year 4,463,426 8 D•ts￿rI Group The Charity 2023 2022 20 2022 TradE & other debtors Loan Clifton House Centre Stock held Prepayrnent5 and aicrued incorne 18,988 8,667 B.367 6.371 22,205 io.L 3,799 21,667 14,068 18,5a6 36.D72 Other debtor5 included £nll12022.. Enill whktt Is due greater than one year. 9 CrodlioTh: amounts falllry due wlthln pne ye•1 Th• Th¢Charfty As Re5t*t 1022 zo 1023 2022 Tr#de creditors Sundry creditor5 Accruals and delerred Intome S,685 2,718 81.167 85.57g 4,387 3,450 1.497 114,535 119,021 28,018 34,468 24.907 29,404 10 pen￿0￿ ¢osts 2022 O•fin•d Bel￿ Scheme Conrnburions poyable to multi employer s¢herne by the Society for the year 80,491 30,842 Pale 11 BELFAST CHARITABLE SOCIErY NOTES TO THE CON50LIDATED FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 11 Fund le￿￿¢thI11￿0￿ Attst O¢t.22 In¢omlry R•sourtts Trnnslers At 30th p-zJ Par•nt Ch•w¢ty,. OeWa5t ch•thb￿ S CDmmunrty Foundation National Lortery HEfiEa8E Fund- GPNB ational Lottery HErit•8t Fund- NBHC Department of Foreign Aftairs and TradÈ,' Tom Haward Dmdend FFP41 Res & Conf Hunter 5mifh Ulster Garden VIII•ps Nl Water Vlctorsa Homts Trust A.R.N Foundaiion 4,715 9,790 64,376 1.038 831 6.5C(S 114,5051 164,3761 L813 1.630 11,2WI 1.261 669 a21,058 JJi.058 (lo,￿) 141.GCk)I 1,2fJ) 7S,Wkl iO,ODD 1,200 75,CW io IW.L))Jl thldl*ry tsmpanles Cllfton House Centre Umlted li 35.201 374,416 9.888 Z19 623 139.986 LY).349 5.103 4JJ.691 Roj Oor5hna Fdn-this is a donatlon to the MaryAnn M(CrackeTr bursary pro8rarnme for 0¢123 tD sept 24. ational Lottery Heritage Fund- GPNB11 year £rafitl. èwarded to toniinve of the work wth the Plerita8e Ou*Èr ift the local arEa. NLHF- Recreatr GPILlevl-6 mDnth grant to supwrt the devÉloprnent ola new phast olwork wfth the Herita8e Cluster to sustaln kical herSt•Re and work to catalyse reoeneratJon ol rhe local area. Dtpartrnent of FDrEl8n Aff•lr5 allflTrade,' AecoThdliatlon Fund-awarded lo support the dellvery of a gerlesoltalk5. Tom Howard Dividend- legary paid out by rhe Nl Central Invety*ent Fund for Charltles to support aaiyttesfor older peoe)l. Inthe perlod Cl.100 Wa5 IDmrnltted lo the PEople5 Kltchtn for faod and (￿thIn6 Pèrt*i% Ipr y41nter. FFNI Pes & Conf. donations from fund2r5 held to supportthc wgrk of the Funder% Forum.. outstandln¢ £E69tUMmited to work In rtpxt peflod. HunterSrnlth- donaJon made to 8C5 whith wlll be used lo •ddress dlsaOwanta8e evEr a pet￿lI 0115 years wlth t £20k sgend ¢owtt per •nnum fram 2022. U15teT Gorden Vlllèies- donation rnade to 511PPOrtthe awardlfii of8rants t# 5chopls to help coverrpsts of meals the t05t-of4￿n8 th$￿.. rernanln¢ U.4tyJ to be alhxated winter of 1023124. Nl Wai?r. donaiion made to Cllfton Mosuo In Iliht of ihe IB40Warer Aci,. coMM￿t￿ to the re51dein50f the hDme In thE yEar Ind pwnent to madeon ye￿￿pt DI evthnce of pmlert dellwry. Vi¢t?Tla Hoffles Trust- donatloh made frDm a charttywhich wound UPAnd m•dE ttle donatlon to 5UPPQrt hewotk ulthe Soclety, If posslble in hOU￿nE. io A.R.N Foundatttsft 4anatlon rnadeto $upport the awardlni of 8rant5 t¢ sthools to helptovef C0515 of school meals durfn8 th* ¢ott-uf. P4v33 BELFAST CHARITABLE SOCIErY NOTES TO ThE CONSOLIDATED FINANCIAL STATEMENTS {contlnuedl FOR THE YEAR ENDED 30 SEPTEMBER 2023 Atlrt ott 2021 In￿rniN Rmourc Trnnrf• Galnsl lrnp•lrm•nl At 30th S•pt 2023 P•Y•¢tt Ch•rfty; Ch•rfl•bl• Sod•ty G¢ntrèl Fund Inve5trnent Propwuos Cash Investrnents Oefined benefit PEnslon 1,864.357 4,168.67S 3,768,602 2,308.OiX) 50.0 665.755 1676,Yll 1.366.608 1660.0901 1,331,325 916,839 2,560.289 5,500,D 4,685,441 1941,3921 I1.366.￿> 50L suhldl•ryc￿90nl•% Cllfton House Centre Umiied M•ry Ann McCr4&•n 182,0871 4,662 178.261 5.234 1144,4371 148.2641 16.559 IZ gfuwts Ixt¥M•n funds Total funds fund• Flxed a55et5 C•sh ènd eurreht Ifivestmtrtts Other turrent •¥sets and Ilibilhl Cr*dltors mDr• thin trh• y••r Pensions 10,322.268 10,312,268 2.93J.816 167,9t121 413,691 3.520.125 167.9021 413.691 12 774 491 13 188,181 11 Con￿￿￿•￿1 Ilikllltb*s Gr4rsiS r•c•ived ir• rep•y•ble to th• thould th• soC￿V l•ii to rn••¢ Ihe ￿ndItIOnS lald out In the relev•nt lener5 of offer. 14 FIMnd*l ¢0mm￿nI¥ ell•si Chariiible SKlety had Eomrntttod to maklni th¢ folknwini ir•nt piyment5 ro local thifllies •t 30 Septernber 1023.. Flnanclal tt*mmltm•nt5whkh *xpl¢•' 1022 Wlihln one y•ar Beiween two and fve ye•rs 15 Ilumb•rof•mpkn Th• •vir•44 monthhf nvmb•rof emp￿•1 durlni the year W*S'. 201J 8•Wast Ch•rttabie Socieiv M•ry Ann Mccracken Foundatlon Cllfton Hous* Ctntr• Total iver4e r*umb¢remployed Employffl•nl ¢OStsol p•v•nt Int￿¥ wale5 and 5alarles Sori•l 5￿cUritY cost5 ot￿r wn51on cost5 41,701 .117 79.321 9.600 30.841 128.319 119,753 No employee5 rEceNe41 total employee benelits lexrludlni employers pen510Th c05t51 ol more than E60,CpJO duTin8 the ytar12022.' none), Pa8e 24 8ELFA5T CHARITABLE SOCIETY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 16 Penslons As at 30 Sept 2023 the chartty is no longer partlcipatln8 In a deflfied beneflt pensla# stheme. The comparative Figures as at 30 September 2022 ITr the followin8 disclosure were measured usin8 the Projec*d Unft Method. Th• amounts rec￿￿1**d In the Bal•n¢e Sh•et 55 •$ follows.. 1023 2022 £'OOD rooo 0 14.8181 7.126 Oeflned benefit obll4atlon Fllr value of plan assets Net deflned berieflt asset Th• •mount r•coinls¢d In the st•t•rn•nt ot fln4ncl•l *¢t￿+t1•S •rn.' The current and past 5¢NICe Costs, settlements, and curtailment5, 108ether wlth the net Interest expense for the year are Included in the statement of financial actlvitie5. Rerneasurement5 of the net defined benefit liability are Included in other comprehenslve Income. 17 A*￿t•d P•tVTr•nM¢tlons Dyfin8 th• y••r net expenses vf £11,89712022.. £4,662> were p•ld to Mary Ann McCrak•n foundation, a comp•ny Ilmlted by 8uaTaniee. The balance due from M•ry Ann M¢Crèc%en ar the bèl•nce sheet date w•$ £3,ocrJ12022., £4.6621 and Is Included Mary Ann Mccracken d¢btor5. Durlng the year net expenses of £27,10812022'. net expenses £4,063) wa5 recelved by the Charity from Cllftgn House CentT• Llmited. a IL￿% sub5idlary of the Ch•rlty. The balance due frorn Cliftcn House Centr¢ Limited ai the balance sh•et date was £27,10812022'. £4,063) and Is InCl￿ded In creditor5. 11 Prl?r p•rlod •dlurtm•nts The prlor period adjustments to the ch•rlty relates to • cash donatlon whSch was re¢elved and Invested In 2022. detalls of whlch are detalled below., Il•¢ontlllatlon ol ch•w•s In Uit•d Invistmen Ad Iiitm•fits to rlor ••r R•conclll•iion of ch•n Ad uitm•hts to I In Loss•i on Irh¥••tm•t 30.5e -22 30-Se -22 L15ted Inveitmenis as prevlously reported 4,QOD,637 L05se5 on Investments is prrviously reported -402.732 Elfects of adlustrnent L15ted Investmenis as èd Eflects ol ad U5trneTht usied 4,267.988 Losses on Investment5 as ad usted -411.985 ttecoTrclll•tknn al¢h•nyi In C*ih •t bank •nd In h4Thd A•toftcllb*tlon pl ch•nitt In Total th•￿ty funds ustrn•nl¥ to prl•r 30-Sep-22 AdluitrneNI to oryvr 3TrSep-22 C•sh at bink and In h•nd as prevlousty reported Effect5 of ad Cash at bank and In h4nd a5 ad'vsted 517,9Ql T¢t•l charliv funds is pmlously repcrted 12,206.050 115trninl Effect5 ¢1 Jd Tot•l ¢han U51rntTht 320 540,294 fund5 as ad usitd 12.526.856 Reconclll*tlon ol th•nyi In Cr•dltors'. amounts dye wlthln one dlu5tments to prlor year riEdiiors as re An•lyils of th• efl•ct UPOA toi•l ¢h•rtty fvnds 30-5ep-22 114.108 Restritted fund5 UThrestrlited funds 331.057 arted Effect5 of adlu5trneni CrediiLTfs 05 adjusted 05 320,SC6 83.050 Ile¢ontlll•tlan DIEh•Thps In IrKomelrom lor￿1￿0￿5 ind le1ac￿l stments tD rlor ye•r 30-Sep-22 Donatlons and le le5 a5 prevlousl 18.208 Effects of ad"ustmenl DonbtiDns and le8è¢lE5 as ad repprted usted 349,166 25 BELFAST CHARITABLE SOCIETY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Prlor ￿rIOd •dlusthi•nts1ontlnuedl Th¢ prior gefiod adjtsstments to the wholly-owneLI tradlng subsidlary company relaies io 8rant whlch w85 recèived in 2022. deta115 of which are detailed below.. R•condllatlon ol th• ustwhints to prlor Turnover a5 prevlously reported Effects of ad U5trnent ar 30-Sep-22 319,134 Tumover ai id usted 281,162 RKoficlllatlon of Ch 4$ D•f•rr•d In¢om¢ Adlustmwts to prlor ¥••r Ueferred Income as revlousl Effects of •d 30-SE -22 reported 48.570 72 ustmenr Deferred Income •$ Od urted 84,542 Pale 25