Company registration number.. NICI 04998 Clwily regi8tralion numb¢r'. XN45105 Belfast Charitable Society Truslc¢s Rcport and Lonsolidalcd Itirbancial Stalemenls for the Ycar F.nded 311 Sepleinber 2U24 Belfast Charitable Society Contents Reference and Admini8tralive Details Trustees. Report 2toll Indepcndent Auditors, Report 12to 14 Cons01idatcd Statement of Financial Activities 15to16 Consolidated Balance Sheet 17 Balance Sheel 18 Consolidated Statement of Cash Flows 19 Noies lo thc Financial Statements. 201029 Belfast Charltable Soclety Reference and Administrative Details Chglrmydn Mr D Watt¢rs FCA Prol- A Adair Resigned March 2024 Elected March 2024 President Sir Ronald Weatherup Board member8 Prof A Adair Mr A Bennett Elected 13 March 2024 Mr G Bradley Mr Mark Glover Elected 13 March 2024 Elcclcd 13 MarLh 2024 Mrs S Brown Mr lan Elliott Died Dccember 2023 Mr C Graham Mr M Higgins Mr A mone￿ennY Mrs F. Mooney Mrs N Sintt Re4igncd 13 March 2024,. DiLd July 21124 F.IcctLd 13 Mdrch 2024 Mr F) Watters FCA Retired 13 March 2024 Honorary SecretAry Mr C (yraham Elecled March 2024 Trc4surer Mr A Moneypcnny Mr lan Elliot Resibyned March ?024 Died Dcccmbcr 2023 Charltv Regfistratlon Number XN45105 Comp4ny Reg15tratlon Number NIC104998 PrineipAI office and registered Clifton Elouse 2 North Queen Strcet Belfas1 BT15 IES Auditor RBCA Limited Linenhall Ex¢h4mge 26 Lincnhall Strcet Belfast BT2 8EIG Sollcltors Crawlord, Lockheart, Black Solictlor5 711 l Linenhall Street Bclfa.%t BT2 8AA Binker5 Danske Bank Di)negTal Square West BLlÉa81 BTI 6JS BeEfast Charltable Society Trustee's Report The Board prcsenL8 Its annual report and financial statcmcnls for the year ending 10 Scptember 2024. The Board ha% ddupled the pruvisiun of the Statemenl of Recommended Practicc ISORPI Accounls and Reporting by Charities IFRSI 02) Refer¢Th¢e and 2dmln15trative details Belfast Charitable Society is registcred as a charity with HMRC (Charity Registration no XN45101). Th¢ charity registered with the Charity Commi58ion for Northern Freland on 25 April 2016 (NIC 1049951}. Its principal office and r¢gistcred office is L lifton House, 2 North Quecn Street, Belfast BTI 5 1 ES. The Truslees and officers that have s¢rvcd during the ycar and since the year end ￿'¢re as follows.. President Sir Ronald Wcatherup Truslees Prof A Adair Mr A Bennett (Elected 13 March 2024) Mr C) Bradley (F.lecied 13 March 2024) Mr Mark (ilover (Elecled 13 March 2024) Mrs S Brown Mr lan Elliott (Died December 2023) Mr C Graham Mr M Higgins Mr A M(In¥ypcnny (Resigned 1.1 March 2024. Died July 2024 Mrs F. Mooney (FleLled 13 MarLh 2024) Mr5 N Sintc Mr D Watters FCA {Retircd 13 March 2024) Chairnian Hon Secretary Hon Trcasurer Mr D Watters FCA IResigned March 20241 I Prof A Adair {Ele¢ted March 2024) Mr A Money'penny (Resign¢d Mar¢h 20241 Mr C Grahain (Elected March 2024) Mr lan Elliott (Died Dcccnibcr 2023) (David Watters had taken on the dutics in interim The Board wvye deeplv shocked and.Yoddened, since ihe lusi AGM, lo hear ofihe unÈimelv and sudden deaih ol. Iheir dear friend, colleague and Ilonorarv SeLrelary, Mr Alan Monevpenny on 26, Julv 2024. Objectives and aLtivities Bclfa5t Charitable Society IBCS} was sei up in 1752 to addrc35 poverty and look after th¢ poor orth¢ iown. BCS did this by buildin¥ the original poor house and the firs1 bospital in Belfast. This building, Clifton House, was opcncd in 1774 (250 years a¥ol and still rcmdins luday as Ihc city's oldcst working biiilding. with thc organisation being thL l)Ide81 charity irs Northern Irtylund. The So¥iety continues to addrest> poverty dtsadvantagc in many diilereni ways aLross Norihern Ireland. The objccls of Ihc Society set out in the 1996 Act of Parli3menl are: la) l(Tr pursue all or any Lharilabl¢ aLlivities which ddvanLL ihe inlcrcsls or arc for the h¢n¢fit ()f persons appcdring to thc Society to be disadvantaged, primarily in Northem Ircland. including the carc of the elderly. the relief of povcrty. homelessDe%s, distress, infimiiiy, and sickne55 and profv'iding for all the educational dnd other requirements of such persons- and (b) to participate in and encourage all forn)s of co-operation among apprupriatc parties which are CV¢lculated to achieve any of (he objLclivc5 mLntiuned in puragriiph la) above. Belfast Charltable Society Trustee's Report Public Benefit Belfast Charitable Society continues to Lreate high l¢vels of public benefit through its key aLlivities (see 'Achievements and pcrfornianLe' section for more detdil). In this year, this can be evidenced Ihruugh- Its work ￿ lead and influence on how philanthropy is delivered and developed and as%i%i in the redislributlon of wealth to addres5 poverty. The Society deliver¢d 3 programme of grants lo.. irnprove employability by empow¢ring cducation bkills dcvclopmcDt' aDd to help new cornmuniti¢S iDt¢grat¢ Ihrough educalion and support serviccs. li developed and supported projects to alleviate the additional financial burden created by th¢ cost-of- living crisis including support for the provision of frec mcals within the primary and post primary schoolq setting across North Belfasf Thc Souiety uontinued to providc financtal support, skill¥, and knowlcdgc and to ledd a wider hLrilage l¢d rcgeiicralion projeut wilh Ihc North Belfast Heritage C.lustLr. Thereby u4ingy hcrildgFC J%sels, and encouraging others to ulilise theirs. Lo help catalyse physical. economic and social regencralion. It d¢liv¢rcd grants, funded by several donations. to provide aclivilics to reduce the isolation lelt by older peoplc. and support a rang¢ of burs8ries to help young pcoplc improve thcir opportunitie5 in employment and L.ducdlion. It supp()rted Clift(In House Centre helping it lo cducalc and inform membcrs of the publiu dbcbut philanthropy 8nd the influence the Socicty had in the developmenl of Belfasi and in addressing disadvantage since 1752. Thi% M'&5 ￿ery important in what Wds 9 months of the 250, annivers41ry ycar ol. the House. It crcat¢d and rnaintained jobs and vulunt¢¢r posts. Interlinked with this, the Society fulfillcd ils custodial role bj. prc¥¢"rving and 5dfcguarding th¢ House and vast Archive colleciion, which are in turn usL'd to support work ot. its 80¢ial enterprise. It coniinucd lo develop its Mary Ann Mccracken Foundation and raise awareness of the life and work of one of Belfast's mosl significant social rcforniers and philanthropists. It ralsed awarcncss and promoted Lonverbiitions about her and thal c?f uihLr fLnialL' social r¢fc)m)crs of the time. Additionally. the Society utili5ed its property assets to facilitate ¢1 rangie of care for older people. Allowing cxpert pruviders t() leasc its buildings lo housL nursing rc5idcntial care and %uppurtLd living ac¢ommi)dalic)n. Cyrant M4kln% Policy HCS Liinlinucs lo support the wc)rk of oihers whu are (IddrLssing poverty and disadvantage. It does not nin an opcn grants programme bul instead assessc5 ways thal lis financial support can bc invested in order to makc the niosl po%ilive impacl on tho.se mo81 in need. The Society aligns its annual giving in the year to its investmenl return. However, given the pressures arising from the cosl-of-living increases on the local community, thc recognition that C lifton Housc rcdched 250 years old in the period. and an increase in bank intLrcst reLeived, the Tru&tLC5 agr¢ed to award d total of approximdtcly £210.000 in ¥rant5. In the year the Board also awarded an emergency fund ufju81 ()ver £155,000 io schools in N()rth Belfast Ic) provide school meals- scc point l e below. Belfast Charitable Society Trustee's Report Achlevcments and performanee The following achievements and pcrforniance ref]eci the main expenditure in the year. Addresslng dlsadvAntagc through dlrect grant5: owerin educAtion - Dir r411t al Early Intervenilon work (Famllv Support Hub) During the period two family support workers were funded lo provide l-l support to parents in Iheir own home and support lo children ot. these lamilies either al home or in the school setting. The leaTn accepted referrals from both the Upper and Lower North Belfast Family Support14ubs. These hubs take a mulii-disLiplinary appr()aLh lo signposting families who d() not have slalul()ry social work inlcrvcnli()n. By thc end uf the fiinding ycar 75 familiL% had reLcivcd individual inlervenlions.. A2 parcnls and 157 childrcn. Of Ih¢%L children l 01 were expcricncing neurodiversiry. cithcr going through the ASD or ADHD as5essmcnl or had alrcady received a diagjnoqis. This equate¥ lo almost 65 /tt of children ￿'1th whom Ihc team worked in Supporting ¢motional and bchavioiirdl ncc(Is. As nccdb bccomc morc complcx and mulii-fa¢¢t¢LI. th¥ Icam wurk murL clusLly with uihcr partncr a&FLnci¥% inlluding GPS, hLalth visitors, ILaLhcr and r.duLdli()nal W¢"IfurL OffiL¢r%. Thi inlLfvLnlions fr()m Ihe Icam with schools and cducalional psycholobTisls has b¢en invaluable as many of the families are lrying lo negoliate Ihcir way thrvu&,h a very complicated education31 reterral process. Outputs and OulLomes - This projccl exceeded expectslion$ by delivcring support lo 75 families - an incrcasc of 15 on the proposed turgei% 01.60. The %upporl bFiven lo the lJmilies had d Posltive impact on Idniily lite ￿'hiCh in turn b¢nLfittLd the wid¢r Nurth Bclfasi Lvmmunity. Familics havc stronbTCT links illio thc widlr Lommunily whiLh hd4 ILd li) grcater ci)mmunily prid¢. ooh¢si()n dnd u sen4L i)f bLI()nging. b) Mary Ann mccr41.ken Bur54ry Programme In this, the rhird ycar uf Ihiq bUr￿ry programmc, 5 funders joined BCS namcly the Jam¢s Kane Foundalion, Mary Ann MLCrackcn Foundation, Hunier Smyth Fund, Raj Darshna Foundalion and the l.FT C'haritable Truql. Togcihcr their fundinby enabled each of the 12 North Bclfast post primary schools lo rcccivc £2,500 which was awardcd as bursaries lo 87 pupils. Thcsc lundcd with rcsourLcs. travcl and ac¢ommudation LOSIS for univcrsily,. preparalion costs to attend interviL'ws; truining und ¢mploymenl relatcd costs e.¥. building site cuiistruLlioii Lards. c) Norih Belfast Creatlve digltal Hub Thi.8 is a slale-of-lhe-art f&cility b&4ed at St Malachys College bringing iogether siudents from 4 North Bclf&st SLhools to develop digital skills and rcduLC barriers lo learning. The Society N'as in41rumenlal in il% e.%tabli4hment dnd contribu(cd io Ihc Los15 of cmploj'inu a CrL"iilii'c Technology L¢ad¢r and a CreY4tivc TcchnulowsL tbc buildin¥ refurbishmcnt. and thL' purihasL of furniturc and equiprn¥nt. Over 45 ieachcrs and almost l primary and post primary pupils from diverse backgrounds have madc usc of Ihc hub ()n a Lross Lu￿lLUlar basis. Th¥y h41VL mddL usc ufvR hcadscls (() expli)r¢ suLh Lhinys a8 a NuLILar Fissi()n re&clor. an active volcano. Ihe circulatory system. and scenes lo inspire creative writing. The equipment also inlornis the KS3 Digital Curriculum delikering specific courses such as Google Work%pa¢¢ Skills. Lego and MincLraft Loding,, Cyber Sclurity, App Dcsigm and An1￿110n. Thi5 has also had a posilivc influcncc on the niimbL'rs of 5tudLnts Lhnosingp CompuiLr SLILnLL for CJCSE whiLh has inLrca5Ld Signi filanily. ThL projccl has strong links wilh industry and Ulster Univcrgity and is attracting much inierc81 from other4 as4ociated with educational policy and provision. Belfast Charitable Society Trustee's Report Outputs and Outcomes for 2023 - 2024: l)igilal R¢sourLes A teacher appoinl¢d13 days per wcekl to deliver the new KS3 curriculum. As a result Sl Malachy's dppoiiiled a full-time pernianent ICT teacher for KS4 and KS5 Computing in April. due lo the increasing nlllnbers chuosing such cour5CS. North Belfast Area Learning Connections - highlights included l6XYe￿ l O Bclfast Boys Modcl 5tudcnts using thc hub - Oct 23 IApr 24 180xYear 9 Dominican c.ollege studcnls using tlii liub - Sep 231June 24. 80xYc2r 10 Bclfasl Modcl School for Girls Students using th¢ hub - Scpt 231June 24. C.ross•curriLular Usc of Digital Skill.slRes(>urLes Between May 2023 and June 2024, 27 diffcr¢nt 5ubjecl teachers in Si Malachy's Colleg¢ mad¢ u5¢ of the Creative Digital Hub within their subject. which gave rise to 3079 student visits. spanning y¢ar groiip%11-14. KS3 Digital Curriculum A total of 376 pupils were involved in 'learning the workings and uses, of Google apps which are ubiquitous acros5 the global workplace- learning basiL coding. cybcr 5c¢urity and bastc PC and Chr()mehi)4)k skill￿. inLluding typing. These digitlll ski114 reqiiired for 21 sl Lenlury empl()ymLlIt. dl5() includcd animation and app design. This all happen4 within a %lale-of-Ihe-arl robotics-based. 8am¢-bas¢d and selt-P4c¢d learning> environment th81 fully ciigagyes youn& people. d) The North Belfast Youth Choir The SoLiLty fuiidcd thL N()rth Belfasi Youth Choir. This choir Ihat LDn8iSts ()ver of 70 young peoplc from right acros5 Ihe area who avail of prote%8ional instruction and acce5S the hi&7hesl slandard ol- choral and music tuition. The choir ha% appeared on national and international stages and has encouraged members to forni tnendship whilst learning, performing, and travclling together. Logistical and finanLial barricrs to partlCiP81ion were rcmovcd, so ihal any young, person can Llljc?y 4111 thi b¢n¢fits NB YC niembLrship affords. NBYC h&$ now over sc￿enty members. Flighlights from Ihc ycar includcd.. City of Dcrry International c'hoir Festival IN8tional Youth Chotr category winning 2nil plaLe) Mansion Hous¢ London. by invitation of the Lady Mayores5 - 26 pupils (curreni and alumni in the perforn)ancel DLLLmbLr, NB YC wer¢ inviled gueqLs at the annual Belfast Bc)ys' Miidcl C¢irol Service. 13th March 2024 accepied the invitation ol. Be1135t Chariiabl¢ Socicly lo sing ai their AGM. This was a150 a c¢lebration of ihe work of the Chair who was retiring after 12 yeaTS. Perforned for the publiL and invilcd ¥ucsts includin¥ Minister f4>r 1nfrd5iruL￿rC John O'Dowd at ihe opcftinLT of the new train station al York Sireet in April. Annual Spring Loncert May 2024 81 M¢r¢y College, guests inLluding Beif8St Lord Mayor. CounLillor Rydn Murphy. The final p¢rtormance of the year- Parliament Building, StOTmonl. NB YC perlormed to delegates trum across the world.ai th¢ Speakcr's Dinner. e) The CoStry￿r-LlVing Crisi5 Schools Support Fund An iniiialivc created by BCS to support food programmes in 27 primary .schools and 7 post primary schools in North Bellast. Schools in these communities have absorbed real-lemi Luts in their budgets and sut'lered disproportionally. Almost 12.0110 pupils bencfitt¢d from thi% projcci. This allowed th¢ Schools lo provide lood for hildrcn who Mrc expericnLing hunger. as part of a br¢akfast or lunch club. Funding this yedr wa& almosi doubl (hal of 2022 123 and thc lotsls arc dclailed below. Belfast Charitable Society Trustee's Report Sufflmxr Number of Schoolq who received an award Total rovided b BCS Tolal roN'ided b other fundin Numbcr of pupi15 34 £155.544 £95 853 streams 5,512 0St rima Outcome5 Affurdabilily and benefits for par¢nts/ carcrs - 211 out of Ihe 34 schools nul¢d Ihi4 supporl ha5 been a lifclinL for PÉircnts, carers of the pupils. Nulriliuus MLal und Rcady to Learn 26 of ihL" 34 gLhools rcp()rled Ihcre was a direct link between impri)VLmLnl in f(Iciis and L()nccnlrati(Trn in lh¢ pupi14 who received a frce %Lh()ol m¢dl Impri)v¢d parcnl sch()ol relationship5 - Schools have also reported an improved relationship wilh parents as somL. have opened up aboul their financial %lru¥%les whil$l others have becomc more inv()Ived in In¢reJ%¢d altendanLc and puncluuliiy brcakfasl Llub. DcvclopLd Social Ski115 - thc progirammc al.so provided an opportunity lo build social skill.4 Ihrou¥h al￿ndanci al th¢ brLukfa81 Llub or LanLc¢n ai lunchtime. altendanLe and punctuality has improved &8 pupils altend Ulyter Orthe%tr* Crescendo Project The Soci¢ty part-fundeij the orL'he%tra lu divLI()p a projLLI f(>r a nLW cruss community Luhort of Lhildr¢n ag¢d I I from 4 schools in disadvantaged areas of North and West Bcifast. This involved workqhops in musicianship and insiruinenlal tuilion and perlorn)ing¥ alonbiside the Ul$ter Orchestra. BC.S fundin&T SUPPOrted the lir&t ever pl&y-Ihrough days for P7 pupi15 Wlth 120 pupi18 rehearsin¥ alongside ul.ster Or¢h¢5tra musicians. The culmindlion ol. th¢ 8¢ason look place on Ihe 13, June 2024 al Ihe Ulster Ilall,. P3 and P7 pupils pertomied with th¢ liill Ulsllr ()rLhLbtra i() #n uiidicncc nf 6110 peciplL. The s¥Lond Lvhort vl'142 P7 pupils will LvInpl¢te 7 y¢urs ijf musiLul LduLulii)n u.% parl ()r ihL Cre￿￿nd(l pr()¥rJinmL. BCS funding partnered with I I t)ih¢r fund¢rs wh()se lotJl conlribvlion was £65.091 g) BArone$s FllnTrd Rur$ary - FICS awarded Argyle Rusiness Centre a grant of £ 1,000 for the Baroness May Blu()d Third Level Educalion Bursary Programmc to crcale thc Mary Ann McC.rackcn Award. nltlcs - Dlrect rlnt Anxk* Colli'ctli'¢ (Mlgrant Women's Educatlon Projeci 2022- 2024) Fundins wa.% provided for Iwo %upport workers Irom Aug 2022 Aug 2024. They worked lo support their members dnd community in Ihrec dillirent ¢ohL)rtS.' school ehildrcn. youn¥ pcoplc between the age of16 and 25 and wi?m¥n and f#mili¢ii on IL)piLs (IfLducati()n. inf()rmd(iurk, skills and empluyability. Over thi% peri(Kl Ihey dLlivercd'. clinics for women laLing challcngc.s relating to their childr¢n'8 and own ¢ducalion Iwo English conversational classes every week and basic computcr cla5se5 in Arabic meetings with a range uf sl(Ikch()Idcr8 illLluding sLI)ool priniipiils, politician5, and communily groups about the dcvelopm¢nl of education projeLt online bomcwork club altracting five volunteer English teachcrs. thrce voluntecr maths & English voluntclr IL#Lhcr% four children's activilles run by volunteers Belfast Charltable Society Trustee's Report Anaka also delivered activilie5 for children during holiday5 and special occasions e.g. Christmas and Eid celebrations, Easter and summer art workshops, and outdoor family's trips. A total of 30 young people look a CaTnbridgc English Luursc speLifiLally prcparing them for school Lollege ddmissiun. Of those supported 15 have Lomplekd (I qualifice Cluster. The LIu51er 15 ¢omprised of 14 members. who are actively engag?ed with and responsible lor heritagc ass¢ls ¥tr¢lching across north Belfast. Through Ihc project the members hdve dchieved improvements in oveman¢c and uperalional capacity. whilst building and strcngthening relationships within the cluslcr and beyund. The project has delivcred an archiv¢ pr()jecl i() safeguard hi8toriL d()CLiments and arlefa. Lls. whil.%1 ¢1150 resL'archin&' and telling the stories of thc various siies. as well a.4 the slrects in betwccn, allow'ing th¥ cluster members lo rediscover aspects ot their own history ihai have been forgollen over (ime. It also played a key role in the Soci¢ty'.s Hcritagc Day at Llifton House in S¢pt¢mb¢r 2024. whcre over l.()00 mcmbcrs vf th¢ public attcnJcd. AddltiOllAI Dir ct Gr#n¢s Nl Hospice - SpeciAllst Community Care PAlli8tlve Nurses pruject The Society Covered the salaries of. two of the Specialisi L ommLmity' Care Palliative Nursc5 With 80 /D of the Pdtieni.% helped having some forni of cancer. The nurses are irained in pancreal?c cancer awareness, symptom managcmcnt. 5UPPQrt for families ol. Palicnts and cnd-of lifc Lare. WLirking in Bclfdst and South-F.astcrn Health & Social Care Trusts Ihe nur%es provided care for 335 paliLnls, through 630 cliniLÉil hours. They provided invaluable support and comfort in thc fin&1 month5 of patients, live5. giving family breaks from caring. and allowing patient% their wish of passing away ai home surrounded by their family. The 'spe¢ialist at home, service is hig,hly valued by pali¢nts and loved oncs as it helps them nai'igatc a difficult and emoliundl timc. b) Mary Ann Mccrucken FoundMtivn- Kobosh Theatre- 'Mary Ann- The Foriiijtten Sister" The Kabosh Thealrc produced the play. 'Mary Ann, The Forgotten Sister, part funded by BCS in conjLinc'ti()n with Artb Council Nl. Ther¢ w¢r¢ 6 pcrformdnces to almost 270 attende¢s in C lifton Housc and cemciery durin April ?U24. All attcndccs now hdve a bcttcr undcrstanding of thc fL)rnlation of th¢ So¥icty, Socidl issu¢s prcv411cnt then and n()w, the imPL)rlance and Lunlributii)n Dr Mdry Ann MLCrdck¢n l() Belfasl and an und¢r%landin¥ of th¢ work of Belfasi Charitable Society and Llilton House. Belfast Charitable Society Trustee's Report Winter C.oat5 BC.S supported Ashton Community Cenlre's winter coat appeal. for school children. with a £500 donation. d) Street Soccer Nl- Homeless World Cup BC'S contributed lo help cover the costs of sending 15 homcle5s men and womcn and 6 staff to Seoul. South Korca for l O days lor the Homeless World Cup. Out of the 15 pl&yers, only 2 are now, homeless, l O are working or volunteering, 2 have coJnplel¢d their Icvel I Cudching qualifications and 2 joincd a univ¢rsiry in England. Addressin disadvanta rant5 1hrou h d(bnatiuns Tom How'ard - Peoples Kltchen - Older People's project BCS via th¢ Thomas Howard Legacy aided the People'5 Kitchen in North Belfast to engage with 70 older people provide wrap around support, plu5 reterrdl lo s¢rvices to reduce isolation e.g. GP visits. Norman Cater5- Old Library Trust A donation was awarded from the Nornia Caters e5tatc towards Thc Old Library Trusl Dernentia Engag¥d & Empowercd in Dery & Sirabane (DEEDS) Project. This co￿ered the cost ol. deliN'¢ring d¢m¢ntia trdintng ro 26 Ma¢millan C'ancer Services slaft. and volunteers. 41 Iirst year param¢dics and 381 first year community nurses over 9 workshops. These sesgions included experiential training7 that immersed participants in dementia settin8S to incrcasc thcir awareness and knowledge of how il feels lo live wilh dementia. Hunter Smyth Fund This fund wa% esidblished in 2022 ihrough d Pations and made an inform¢d dc¢ision ￿ ccasu ils participation in this SL'h¢mc at 31 March 2023 and ￿ transfer lo another provider. The impp4cI of this can be seen on the Balance Sheet and in the notes of these accounts. Plans for Future Perlods Beltasl Charilablc Society held a strategic plan review forum tn May 2024. attended by Truslees and the executive tedm. The purp05¢ of which lo re-examine its current %lrale¥iL dircLlion l￿d, il- required. retr¢sh il ii¥ree thc kcy projeLts for Ihc Suciery lo foLU5 on in th¢ short to medium term. The altend¢¢s w¢r¢ prescntcd with a summary of reLenl a¥hi¢vemcnls (givcn the tenure of the Ch3ir completLd in March 20241, il runbiL (Ifddta and infurm¢iliun on LurrLnl pr(ijLcL%. Aq per the OhjecL8 Und Mi8sii)n ()f thL charity the Fjoard reaffirn)ed it4 commiimenl li) llddres4ing social and ccononiic disadvanlagc. It was agreLd that its work would, whcrL possible. b¢ dclivcrcd through partnership8. collaboration. with ihe Society actinbi as an honest broker, makinb links and connections between and lo our nenvorks, dnd ¥h￿rIn￿ best practicc through rcal life learning. In relation lo ils philanihropic work, the themes r¢main as.. InfluenLing philanihrupy lo assist thc rLdislribulion of wealth to addrcbs PUVCrty ic looking al ways lo impn)VL ÉILLLSY lo finanLL for ihusL from low incomL baLkgruundty LllLoura¥in¥ ()ther8 Io IILI invulvLd in philanthropy r.mpowcring cducalion and ski115 to improvc cmployability. usin￿ hcrilagic us a Lalalyst for regcneralion in area8 ol'di8adv3nta¥e. Improving oldcr peoples, cunn¢ctions tu Ihc widcr community and scrvice%. Targeted inlervenlions to crcale innovation and gcnerale learning e.g. facililaling physical development projects that address unmel social need. Furthermore. as the calendar yedr 2U24 mark% the 250-year anniverb&ry ot. Clillon House the tinal quarter ot the yL8rlong prugram uf cvLnts will bc complLlcd and the impaLI will bl cvalualcd. Thc Mary Ann McC"raLkcn Iiundalii)n dLv¢I()PLd 114 ()wn slralegic plan in Ihe PLriuJ flir QLI 2024 i)nwdrd8 and rcflLLl% IhL' siippurl Ihdl is necdcd in education at this lime along8id¢ support tor addrc.%sing hale Crime and racism in educalional scttinbi8. It 18 anlicipatcd the current BCS 5tralegic plan will be subjL¢l lo a full rcvicw May 2025. The Society will continue to facilitaie Ihe care ol. oldcr peoplc through the Icase arrang¢m¢nt on its buildings. In relali(In to the preservati(In and pr(Im()li(In of heritage. we will continue lu increase dLC¢$% l() and use of Clifton House lor meelingTs. tours and dillerent forms of speciali%1 evl'nls. These activities will continue lo be used lo promote phildnihropy, creale income lor th¢ charity w'hile Inlonning, entertaining satisficd that they b?ivc a tru¢ and fair vieTh. and for such iniernal control as the truslces dctemiine is necc8sary lo enable the preparation of financial statemenLS that are free from material misstalemenl, whether due lo fraud or error. In preparing the finynLi411 statements., the trnsiees are respunt>ible fur assessing th¢ Lharity'5 ability to Lontinve as a going ¢onc¢rn, disclosing. as applicable, matters related lo goingy Loncem and using ihc bioing Luncem b&tsis of ac¢oynling unless the t￿SteeS either intend lo liquidate Ihe charity or lo ceasc opcrations, or hdV¢ no realistic dlternjtive bul lo do so. Auditor responsibilitles for the audit of the finxntlal stwtemenls Our objeclives are lo obiain reasonable assurance about whether the linancial statements as a w'hole are tree Irom niatcrial misslalemcnl. whcthcr due lo fraud or crror. and lo issuc an dudiior's report thal includes our opinion. Rca50nable assurance is a high levcl of assurance. bul is not a guarantee that an audit conduclcd in accordance wilh ISAS (UKI will always dclect a maierial missiatenicnt when il exists. Mi%slatcm¢nt8 can arise Irom fraud or crror and arc coi)sidcred malcrial if, individiially or in ihe ag&yregatc. Ihey c()uld rL'a%onably b¢ expected to influen¢¢ the ec(bni)miL deLi4ions of us¢rs taken on the basis of IhL5L" finiinLiiil 4ldlcmcnls. The exieni to which our procedures Jrc capablc of detectingy irregularities, including fraud is dctailed bclow.. We identifiLd area5 of laws and regulaiions ihat could reagonably bc cxpccÈed to havc a maiLrial ctle¢t on the rin¢illLial slatcmenLs from our seLlor LxperiLnce through disuuqsiun with ihe TrustLes and oihLr mana&Femcnl las required by auditin¥ standards). Wc had rcgord to laws and rcgulations in areas that directly affccl the financial Statements including financial r¢porting lin¢luding r¢latcd tradL union Icgisldtion) and t/z )- The tinancial %latemenl8 on page$ 15 10 29 were approved by the tru¥iees, and auihorityed for issue on . and signcd on their behalt by.. Pror air, irman Mry F.ileen (honey. H()norary Trcasurer The note5 on pages 20 to 29 fonn an integral part of these financial slalements. 17 Belfast Charitable Society (Registration number: XN45105) Balance Sheet as at 30 September 2024 2024 2023 Note Fixed assets TanbTible assets Invc51mcnl8 507.-135 10.566.722 11074057 315.823 9,963,526 10 279 349 C.urreTht Assets DLbiors Cash al bank and in hand Short Icrm dcposils 52.890 2.1105.363 196,007 3,054,260 18,536 1.757.135 1,160,280 2,()35.951 Credltors: Amounts falllng due within one year 10 (40,4U4) (34,468) Nel currenl a8¥Ct 3.013.856 2.901,483 Total wsset5 le$s current liibllities 14.087 913 13 180,1132 Nel asscts 14.087 913 13 I¥OX32 Funds of the tharlty: Reitrlcted Income funds RL51riLILd lunJ5 438.523 323,987 UnYc'¥trl¢tcd IDromc fundi Unreslricied lund¥ 13.649.390 12 %56.1145 TolMI fundi 12 140¥7 ()13 13.180 1132 The financial statemcnls on pages 15 to 29 were approved by the trustees. and authorised for issuc on nd 5igllLd vn thLir bLhulf by: ..L3/p5.1.Zs- Prof Qhaiman rs Eileen ooney, Honorary Treasurer The notes on pages 20 to 29 forni an integral part of these financial statem¢n¢s. 18 Belfast Charitable Soclety Consolidated Stalement of Cash Flows for the Year Ended 30 September 2024 2024 2023 Note Cash nows from operatlng acllvltle5 Net cash income 928,871 ,698.791 Adjustments to eash flows from non4Ash liemy DepreLialion InvL8lment income 17.375 (603.196) 343,(150 211.1112 LI,3110.184) 346,709 Worklng eJpltg1 adJustmen¢$ Increase in stocks Incre¢ise in dcblors Increase/(decrease) in creditors (1641 (25.557) 2.089 (346) (7.599) 29.453) 10 Net cash tlows trom operalintsT activities c.ash fli)ws from InvestlnR *ctlvltles ALquisili(Trn¥ lif laiibyiblL' asscls 319.418 .IIIY.31 (205.215) (6,%36) Net in¥reMse in Lmsh and Lash equivalcnts 114.203 302,475 Lash lind cash equivalcnls al l UL'lobcr 2,933,816 1,471,060 Cush and ca¥h cquivalcnls ul 30 ScplLmber 1.1148.019 1.773.535 All ofthe cash llows are derived from conlinuinB operations durin8 thc above two pcriods. The not¢s Qn P&¥C5 20 to 29 forni an integral part ofthesc fm¢incial statements. 19 Belfast Charitable Society Notes to the Financial Statements for the Year Ended 30 September 2024 I Charity st4tus The charity is limited by Share capitsl. incorporated in Northern Ireland. Thc aadress of its registered oificc is.. Clifton House 2 N()nh Queen Street Belfast BT15 IES 2 AccountlDg pollcies Summary of significant #ccounting policies and key accounting estimates The principal a¢¢ounting policie.s applied in the preparation ot these financial 8lalemenls are set out below. These policies have been consist¢ntly applicd to all Ihc years prcscnted unless othcrwisc statcd. Statement of compllance The financial statements have been prcpared in accordance with Accounting and Reporting by Chariii¢s: Statement of RecommendLd Praclice (applicable Io Lharities preparing, their aLcaunt8 in ¢icLord8nLe with the FinanLial Rcp(Irling Sidndiird applicable in Ihc UK and Republic of Ireland IFRS 102)) (issued in 2022) IChariliLs SORP IFRS 10211, Ihc Fin¢inLial RLpurting Standard tappliLable in thL UK Lind Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Belfa￿Trt Charitablc Socicty mcelb the dcfiiiition of a public brnefil enlity undcr FRS 102. Ass¢ts and liabilitiL% are initially re¢osllis¢d at hisloriL(Il LV&t or Irdnsaction N'alu¢ unl¢ss Otherwi￿ stat¢d in th¢ relevant a¢¢ountin8 policy notes. Pre%entatlonal CUTTency and level of rounding The presenialional C￿￿enCY is £ sterling and the level of rounding is to the nearest £. Basis of consolidatlon The LonsolidaLLd linancial %lalemenls con5olida￿ the financial 51alements ol. the charity and its subsidiary undcrtakingy% drawn up lo 30 Seplember 2024. N(> slalemenl uf findncial dctivitiets is presented for the charity as perniitted by scction 408 of the Companies Act 2006. The chdrity mddc a surplus of £930.349 (2023.. £697.296). 20 Belfast Charltable Soclety Notes to the Financial Statements for the Year Ended 30 September 2024 A subsidiary is an cnlity controlled by the charity. Control is acbieved whcrc Ihc charity has the power 10 ¥ovcm the financtal and operating policies of an entity so as lo obtsin benefilb from its activities. Thc results of $ubsidiJrie5 acquired or disposed ol. during the year are included in the stalemeni ol. financial activilie5 from the effective dale of acquisilion or up lo the elTeclive date of disposal, as appropriate. Where nccc88ary, adjustment.s are made lo the financial stslcments of subsidiarie8 lo bring their accounting policies into line with ihuse used by Ihe %ruup. Thc piirchdsc mLih(MJ of aLLounling 14 u.scd lo ALcounl for businL%% ¢omhinali(bns that rL%LIII irt the aLqui4ilion ()f 5ubsidiariLs by th¥ group. Thc Lost of a businc%¥ coinbination is mLa5UfL￿ as th¢ fair value of the a55ets ¥ivL'n. ¢quity instrumcnts issucd and liabiliiiL'& illLu￿¢d or assumcd al Ihc dalc of ¥xLhangL, plus LOSti dirLLtIy attributsble lu the business combinaiton. Identifiable assels acquired and liiibililics and conlingcnl liabililiL's issurn¢d in a busincss combiiiaiion arc m¢asur¢d initially al thLir fair valucs at the acquisiiiol) diltL. Any CXLCSS i)I' Ihe coil ol. Ihe bu5ine5s combination over Ihc acquirer'5 interest in Ihc nci fair value ul. the idLnliliiible ussets. liabilities and conlingenl liabilities recognised is recorded a% ¥oodwill. Inler-company Iransaciions, balance8 and unrcali8ed gain$ on iransaclion5 bctwecn the chariry and 11$ subsidiaries, which &rL relaicd parliCS. arc climinulLd in full. Intra-￿n￿pIOS￿LS arc als(} Lliminatcd but muy indiLulL un impuirmL'li( thul rL4uir¢s r¢Lu¥nili()n in th¥ ¢ons¢1lidalcd rinanLliil 4ldlLmenl%. ALL()Linling w)liLics of subsidiuriLS hHv¢ bccn Lhunged wh¢rc n¢Lc%s#ry lo Lnsurc c()nsiStcnLy with ihc puliLiCS adoptL.d by th¢ ¥roup. Non-Lontrollins interLs15 in the nLII asscls ()f Lonsoliddlcd siibsidiuricb urc idcntificij separalcly from ihe group s cquity Iherein. N(In￿o￿trOlling inlcrcsts consist of thL uinuuni of ihosc inlcrc41% at IhL date of the original bu%ine%tD combinution and th¢ non-conlrollingp shareholder's %hare ol. changes in equity *inc¢ (he date of the combii)ation. Total comprehen%ive ii)com¢ is attributed lo non