Company regisiraiion nurnber.. XIC104998 Charitj. re8lStréuon number.. XN45105 Belfast Charitable Society Trustecs Report and Coi)solidatttd FinanLial staments for Ihe Year Ended 30 8epi¢mber 2025
Belfast Charitable Societv Content5 Ref¢r¢n¢e and Admini5tTativ£ Drlails Tru51ee$' RepDrt 2 to 16 Independent AuditOT5' Report 17to 19 Consolidatrd Statemcnt of Financial .4ctivilies 20 10 21 Consolidated Balance Shcci 22 Balance Sheet 23 Consolidatcd Stalcment of C&h Flows 24 OLe$ ro The Financial Staiem¢nt5 25to35
BelfAst Cbaritable Soclety Reference and Adminigtrative D¢lail$ Chalr Professor Al&s(air Adair President Sir Ronnie Weatherup Board members IArs Siobhan Brown Ms Norni• Sinte r Colin Grthwn Mr Matthew Hi88ins Profe550r Alastair Adjir MT Aidan Benne R¢v Mark Glover Mr Glenn James BrleY MTS Eileen Mooney Ms Chrisiine Donn¢lly Honor•ry Secret•ry Mr ('vlin GrahAm IlonorAry TrexiuTer Mrs l-'Il¢tn Mooney I P.leLied M&rLh 20251 ChArlty R¢qlitrAtlon Number XN411U5 C9mnY ReKl•tritlon Number NIC10499B Prlnclpal ornte And rtKtiter•d ornce c'lifton Huuse 2 North Quccn Street B¢lfa%l BT15 IES Audltor RBCA Lifflilrd Linenhall F.xchdn¥e 26 Lin¢nh•ll StT¢¢t B¥lfus1 B-r2 8BCI SA)Il¢ltors EdM&rds and l li. 3rd Floor 5essia House, 61- 67 Donegall St B¢lfasi BTI 2QH BAnkerA Dan5kc EIAnk Donegal Square West Belf8$t FJT161S
Belfast Charitable Societv
Trustees, Report
The trusiec5. wha ar¢ diteElors for th¢ purpose5 of companw law. preseni ihe annual report iogethcr with iht
finanrial stst¢mcni$ and audiwrs, repon of thc chaTitible company for the year ended 30 September 2025.
Objtctivey •Dd atttvltieg
Objects t7nd olrt¥
Bella51 Charitable Society IBCS) was set up in 17%2 ts) 4ddrcss poverty and look after the poor of ihe town. BCS
did ihis by building thc original POOT house and ihe first hospiial in Belfast. Thi5 building, Clifton House, was
opened in 17741240 YCBTJ a8DI &nd still r¢rn&iD5 tDday as the city. s oldest wurkin8 buildin8. Wlth the or8Rni5ation
being the oldesi chaTlry' in Northern ]r¢ld. The Society coniinues iv addre$5 poverty and disadvaniaBe in many
Way5 acTOSS Nonhcrn Ircland.
The objects of the Society as sci out in the 1996 Act of Parli8men( ore..
lal to pursue All orY chariiabl¢ aeiivitie5 whiih advtsttce the inieTest5 or are for lh¢ benefit of p¢rnon5 8pp¢•rin8
to the Sociery lo he disadv4ntsged. primarily in Northern Ir¢land, itt¢lvding lh¢ ¥8re of the elderly, the relief of
PDV¢rty, homelessness. di51re55. infirmity. and 5ickne55 Ind providin8 for llll the educational and other
requirernenls of such person%.' and
Ibl 10 Participate in and tncpura8e 851 forn5 Df c04)peration Among appropri&tt partie$ which are calculated to
chieve any L)f ihe objc
Belfast Charitable Society Trustees, Report Addilionally, the Soeiety utilised its property asscts kn facilitate a rdng¢ of care for older people. Allowing expert pr(Th'iders l¢ase its buildings io house nur5in8 2nd resid¢nti41 care and suprortcd livin cornm¢)d#tion. Grant Making Poti¢y BCS continues to support the work of others who arc addressing poverty and disadvanra8e. It docs not run an open 8rants proarnme, but in$t¢ad appro8¢hes potential 8rani¢cs io off¢r and make financial 5upw)n to proj¢its that will have the mosi pDsitive impaci on those most in nerd within rhe Society's chosen 4reHs and themes. AchievemeNt5 hd ptrforthA¢e Thc followin¥ achievements and perforniance refle¢1 the mn expenditure in ihc year forrn 115 vw'n direci Kranis and also ihrough funds donated li or working on behalf of other partnets. In totsl it as%ard¢d and cornrnilled a1rn051 £565,600 in the year. t.Lm wer uc .1 F.IlTly InteentiOn work (Family Support Hubi t)urin¥ tht p¢riDd. a team of farnily support workers was fund¢d io provi¢Ji one-ii>-vne suppvn Tv Pdrcnis and their ihildren &Eros5 North Bell'&5t. The l¢arD acccpi¢d referrals from across ihL Iwo North B¢lfa5t Family Support Hubs. 'fhes¢ hubs lake d tnulti4isLiplinary approach io siKnp051inB families do n(It have slaruiory sucial work inierveniion. In the y¢ar 76 tamilie5 received individual inieTventions-. 82 parenis and 107 ¥h11dren' mure Ihai 50Vo of Ihe lauer ar¢ neurodiverse. and arc going ihrough. or hav¢ r¢¢ei%'cd art d5¥¥5smcnl o1..451) or ADIID. 'I'he5e chiSdren need addiiionsj support to mee¢ emoiional and behavioural needs. 'fh¢ team was required to work closely with oihcr partner agencies includin8 CiPs. healih wisiiors. iea¢h¥r and Eduiaiional 'ellare Offictrg. Of ihc 76 familiE5 5UPPOrt¢d. 45 w¢r¢ a150 rcferred io other Famil%. Suppurt Ilub services.. wh?le Ihe one-tovone sessions helpcd children. in a child c¢nlred age•appropriat¢ way. to siart io sclf-regTulale emotions and reduce bHTrierg to letsrnit)8. Farnily work identified ¢hllt parents had menul healih issue5, and sa thr team facilirared suppc)rt which in turn reated irnprov¢m¢nt5 for ¢ntire familie5 rhi5 included liaison wilh 5choo15. Ihc Lducation auihorit>'. heulih V15itOTS. and support for rclevanl a55essm¢nis. lThis fundin¥ continue$ for aoother thr¢¢ yEaTS. 1.2 Mary Ann McC.r%ekeD BursAry ProEr*mrne 1.2.1 North Belf45t In Ihts. the fourth y¢aT of this bursary prograrnmt. 4 fundeT5 join¢d lh¢ Sv¥i<ly ih¥ Jame) Kanr Fuundaiion, -mary Ann Mccracken Foundation, Hunter Srnyth Fund. and the l.FT Qharitablc Trusi. Together their fiJJ)ding cn¥hlrd c¥¢h the 12 Nurth Fjelfbst pn%1 prim&ry %¢huols Iu TELCIVC £2.5110 and in turn BwrLrd 6 1 bursarics.. 64°/D 10 male and 10 to l-emale students. with &lm05t 40V. being 18 years lif a8C. Page 3
Belfast Charitable Societv Trustees, Report Bcneficiarir5 faced a ran¥e of barrieT5 incllldinu &dverse lamil> circum5tan¢es I18°/0l. challcnging economic circum5tanLes 14.1Ohl. person41 Lhallen8cs IlQ/ol and special educational need5 136Vol. These included for exarnple. debiliidiin&i mediLdl condiiiun5. which Twuircd a5sis¢an¢¢ thTou&h provision of support aid5.' providing .support for pupils facing economic dttTi¢uliit5 and cost of living challenges through purchase of equipmeni and contribuiion to COUT5e. Iravel. and accumrnodaiion c051s. Somc pupi15 also faced Severe family challenges Including p•r¢ntil lo%%. ¢motional and physica5 llbuic. and struggling wilh caring respunsibiliiies. BuT5aries w¢re us¢d to fund yoUr¢s, Iravel 8nd accommodation costs for university: PT¢paratitsft ¢osrs lo attcnd in(ervicw5', Iraintns and employmcni Telatcd w$ts,' pur¢h•$¢ of ¢lothe$, food Ind ¢0mModaTion. purchll of IT equipmcnt. A range uf Lasc studies support thc impa¢1 on th¢ lives of )'oun8 people and a lew tesiimonials lollow to d¢mon$trRtr the 54me'. Why mc? Are Jou sure• Do I hav¢ lo pay this back? Thk }'ou, it means & Ictl" 'FDr real? This is the best day. I will make sood use of this I won't let you down. 'ThAnk you $0 much. thi4 15 arnazing:" '5Eriou51%.'J OKI{i. I'hank you I can buy good stuff now Thoi thiS1 last" 'OMGI You dun I know how miich Ihi% rncan% li) m¢. l am su ¥rit¢ful" 1113 anticipiied ittttl thi$ scheme will run a8ain in 202J-2O26. 1.2.2 Ilunter $rnh and SMII.F Inc Hunter Smyth Fund This fund WAS esthblished in 2022 throuBh a pirtn¢r$hip berween the Smyth f•mtly ind BCS. Th¢ fvnd supported the M4ry Ann M¢Lrarken Rursfiry .4w&rd5 15c¢ 1.2.1 I for the p&it Nvo y¢ar5 wilh donation5 or £ 10.000 each year. furtherrnore Lhe Hunter 8ym(h Fund covered the costi {with tht 5ocictyi i)t' riinnin¥ lh¢ bUTry ¥¥h¢mEs in ihe Flallyrnone) and folerain¢ Lcimin8 Cornmuniti¢¥ . thi% will be reported in futurc Bogrd r¢port5. SMII.k Inc The Socicty work5 wilh Ihis fund and distTibuley yupport to projects and adiviiies in the MAgherafeli area. Thi5 y¢ar mark¢d 115 fiT41 yeAr with the %MII.f Inc F3ursary Scheme a SLhernE which again mirmrs the Mary Ann M¢Crackcn bursary scherne. and which was dclivered with Iht locRI M48h¢rafeli RurBI L¢arning Partnership. SMILE Inc fund$ were supplernentsd with funding from Rdj Dar5hna Fvundhlion und lh¢ %iJci¢iy. The scherne awarded a 10121 (If 141 puptls across thr 9 post primary Khoo15 in the •rra, B¢n¢ficiBfi¢s f¢d 4 rongc of bllrriers lo furthL*r educaiion And OT ernplovrnenl including ¢hallen¥inB e(otMI¢ ¢ifiurn%ianEe$ 1350fi1. pcryonal challengt3 162V/tsl and advcr5e famil> cir¢umsian¥¢5 13Y•l, inGluding for cxampl¢. pupils Imp•¢trd by severe socio-economic challen&ies. high Icvels of anxi¢t>' Jnd slre%s, dtbilitalin8 rnedical condiiiony. and caring In relaiion 10 immedialc benefits through the award of the bursar). beneficiaries wcre sUPPOrtcd in a range of ways io Enable them tu rontinue in Cducaiion. or io PTogr¢55 lo further eduta¢ion I universiry, wtih 5UPPOrt foT livin¥ c051s and training cost5. The av¢ra¥e c051 per hcBd for the Bursary Schtmc wa5 £9f.64. Tt L$ 8nticip&tEd that this scheme will tun again in 2025-2026 with support for the bur5wri¢s. tr•ining of LSAS. rnusic llwards. llnd a local cornmunity fwd bk project. Pa8¢ 4
Belfast Cbaritable Society Trustee5' Report 1.3 ilorth Belfigi Cr¢¥tivt Digital Hub This yew marked the third and last yev of thc d¢monstratiOTh Project of this is a siatr•of.rhe-ort facility. The Snciety's grani coniribuied to the COSf5 of ernploying a Creativc Technology Leader and a Creaiivc Technologisi in Ihe ycar. Thc hub ran a strucIu& limetsbl¢ of proBrdrnmc5 enabling 7 Nonh Belfasr posi primary schools to devclup di8iial skills and rcduce barricTS to leaming; wiib one srhuol. Belfasi FJoy5 tyqi)del SchoDI, delopIn i15 own innvvaiion hub on back of Ihe Icaming. Over th¢ y¢ar 28 teachers attd 3.184 swdent5 visii¢d the Hub. This inspired change5 in the delivery of urrirulum. with ieacheT5 dirccily using hub and 11$ equipment 10 skill up. understsnd and be confident with their siud¢nt5 dtsital Skills leNels. In Tll this embedded technology in more subject5 including English. Maths. GeoB, brench, RE eic lowIng Student5 to practice and learn independently". this Increased KS3 I'r l¢anJing time. The Digital Ski115 8rLd Employability element of the project WS5 endorged by industry figure%. 8iudeDIs ¢nhanc¢d $ki115 in GoDgle work5P8¢e. C.yberFitsi sL)ftware. pro8rthmin¥ usinK L¢go. Min¢craft.. .41 wiihin Canva and Adobc and touth ty'ping 1537 siudtnts availed on this In ihe ycail. The project used these pa¢kagt¢5 to challeng¢ and itnproNe ghc delivery of ¢he K4.1 fJits>j¢81 C'uryiculum. 'I'hi4 hAd a p4)Sltivc Intluence oil Eh< numhcrs uf 5tudenl$ Choosing Computer Seience for GCSE wh*ch h&s increased signifs¢8ntly. lkne PTL)j¢CI's su¢E¢%s hog been noted in an sddiiional evalultion r¢port Carried out by l.an¢&%i¢r LlniNersiry hich comm¢nded lis excelleni priigress oulrorn¢s; furthgrrnor¢ the projects and staff involvLd received numerous industry #wvds and Lcredilations. 1.4 ShAnklll Prirnary Schoob AreA Learning Communlty Coordinator The PTtJject has mAde exctlleni progreys includin8 developin8 way5 to MLMI5< DE invcstmcni I'£ach¢r Professional Learning hy idenrifying shared priL)riiies acTOSS schools.. the dclivBry of a £onf<r¢nce . an c¥Gell¢ni plaiforni to showcase rhe ou151anding work of 5chaols. attendces included QLB. EA. DF. IlJeTm Secl and lunding pamiers. Keynote address focused on the Impur¢an¢¢ 01. staff well-bcing. prolided d iimel) and inspiring launch io ihe new academic year - positive feedback was r¢¢eived frtsm all slakeholdcrs. There h b¢¢n much guccess enga8in8 Wlth key stakeholders tu elevate ihe Al.Q'g Profil¢ and sccllrc cummitmenis flir suppon for individual schools aDd ¥roup. Staff Induction Day Cjreaier Shankill Partnership. a valuablc oppvrtunlly gain a detper understsndin¥ of local are) 5Dcial and cultural conl¢xis of Ih¢ir pupils Ihercby able io fcsrer inforned, ¢rnpBth£ii¢. and cff¢ctiv¢ en¥ag¢ment wilh thildrcn and firnili£5. and develop iticlusive and responsivc edUclOn41 ¢nvironm¢nts The pruje¢l hds led iv the estsbli5hrnenl uf SENIC'O, N'irr Principa15 and Pl Clusitrs and Numcraiy and l.Il¢TaLV .(l-ordinators. This post is to be funded for the next two year5 via the IAary Ann M¢crk¢n Foundation. Pa8¢ 5
Belfgst ChArit8ble Society Trusteey, Report .S The North Belfait Youth Choir INBI'C) CEO ind Chair This Brant contributc the ¢0sts of the choir ihai enabled a¢ics5 ¢0 professional iniiru¢iion arsd the highest standard of choral and music tuition. Ihereby r¢moi'ing ILigi5tical and financial barri¢T5 to participaiion. NB YC ha5 now OV¢T seventy members. Thc main facus of ihe 2024-2025 year wa$ to build on th¢ exceptional ¢XP¢Ti¢nces and prrformance to dale. 14i8hli¥hiJ from the vear included perforrnmrtcey ai the.. Pe8ce Plus Iniiiarive Lounch. 8elf&41 Ciry Flall in %¢plcrnber C'ity of Iniernaiiortal Ch01r Fcsiival in Ociobcr w'ith th¢ iniernaiional Chntal group SI.IXS HM Lord Lieutenant BelfAsi ('arol Srrvice and the.Vtrcy College Annual Carol Serv1ce in December 150th Ann1v¢rsary Performance with Belfast Philharmonic Society in .4pril Hjzelwood Ingrxlcd c.ollege Sprin¥ f.i)ncert in May . Codeita 25th Annivrrsary ConLrrt in June Prcparaiion for each of thcse p¢rfi)rmaiiL¢S r¢lluir¢d hours of culleciive rL.hearsal ai thc Lnd of 8¢hool doy$, weekends 2nd sorneiirnes during school holidays alon4 with individual leominK" all of which are essential element5 thal contribute the 8rowin8 reputArion ol. th¢ choir reflection of the ht8h 418ndards bein 8¢hieved. 2.1 .4nik• Collective IMigr4nt Il'orn¢n'g F,duc4tlon project 2024- 2Q26 Phile 21 A ¥rant wa5 aw#rLJLd fi>r i funher two yeiri 10 cover th¢ c)515 of ¢wo ¢ducAiion 8UPPOrt wcrkeri from Au8 2024 Aub 2020. Their WQTk focu4cd on sUPPOrting and cxpinding the educational upptsrtunTlie5 fur worn¢n. their children liued 4_161 &nd ytsun& pcnplt Ih8ed 16-241 wilh lived t¥prrirnce ol. the 4%yliim %ysrom. There WA pyrti¢ul4T ¢mph#sss vn dev¢lopIn p4rtn¢rshipy and n¢twork$. •nd ott èupportlll8 th¢ wornen and youni pPIC IU 4dvgrate for Ih¢Tf Tl8his. Thc sruni En&bled lh¢ following oulpuls and oulLom¢J. In this fiTSI ye8r of the 8Tani prioriry w81 given to push forword with th¢ rampAign for bcttcr ¢ducBlion provision for Ihe 16-24-year•old cohon.. R¢searchin8 identifying beyi pr•clict a¢roJs Ihe UK and including Nl l)cvelopin8 an tvidence-btd report on th¢ ¢urr¢ni provision of edu¢41ion developing A prop)sal for improvtmtnl15iTandEd Dr¢•rnii PTodu¢in8 and IAunching thg ai City Hjll to CVS. Statutory a8tncies, politiciAn$, tho$r with lived 4xp¢ri¢nc¢ . likcd to a Lall for Iciiun which received 67 ttJp(Inscs; mukli PTtyJ allenlton.. yutslions rttis¢d in the A55¢mbly A s¢55ion huJicd by Lurd Mayor ID thlk atK)ui cdurBiional ch8ll¢nBcs' prpdu¢ed a shon rtlm whirh w 5CTcened as part of DD('S Ircland filrn fc5tlV41", were involved in thc Brlfast Film Fe51iv&l,' organistd i d4y.lon celebration with oiher relatrd cv5 group5 lo mark Il'orld Reftsgee Day T)tvclnping killy and Ert8lt5h - attended Skills Nl Open t)Jy5.' 60 students HI QLIB for SELF PTO8r&rnm¢'. 35 youn8 people al QL'B 5umrner gEhool in F.n8li5h. 20 ai trauma infurmed irainin¥. 30 young pcoplc and 10 womcn 5 81 IO•wcck FSOL wiirst. IF.LTS prep 5¢55i0n5 lo en•bl¢ young p¢opl¢ Ip drmgn5traie siiffi¢ient nBlish lor I'urth¢T tduLalion.' Scpi 24 10 Mi av 25 or88nisEd weekly beBinn¢r l¢v¢l Englijh fur 40 young peoplE with voluniccrs fi)rrn All %sints Collese and QLH. Continuing to deliv¢r on the Stranded Dreanis r¢ports dn plann¢d mcrlin85 wilh L.'b D¢v¢lop¢d and d¢liv¢r¢d on p8rtll¢T5hips with other Cvs including trips to Mournes. holdin8 a Ramadan meBI for all involved in PToje¢t and parmeTing wirh I'ouih Link on a r¢sidtn¢i81 for 10 young people. Thes¢ opportunilic5 are dlso vital for the young people mental health. reducing i501ation and ovrr¢()mittg barriers Lo mjingtrearn education. Page 6
Belfast Charitable Society Trustees, Report -work wilh school aged ¢hildrcn and their parents. particularl). those wilh little English and iAcluard. One-IO•one 8dvice on navigating orricial procc55¢s led to securing 20 places for )'oung people ai secondary schools: 45 families Ible to acccss education and receive financi suppon for transport, tsee school meal& and unifonn5 Engaging s¢hool$ io ensure ftppropriate supp)rt for pupi15 . work ongoing, met with Stormont Education Committee to highlight key challenges such &$ hoiel accommodaiion and being mt>ved from one part nf Nl to anoiher,. trained Anaka memb¢rs with lived ¢xp¢rience in asylum sjsiem to be multi-lingual classroom assislat)ts. 2$ secured roles. Provid¢ sllPPOrt for school age children in education system through the provision of weeklj homework ilubs for 40 P4_P75', set up 8thweek course to support 30 young people doing (iCSE$ in Maths. English and Sclence. Working wilh 5chool$ to tackle racism and islamophobia involved rhe development and deliveTh of two workshops with loc&1 PDSI primary s¢hoo15 10 help Share cxperience and enable local peers tD und¢r4land the newcomer challen8¢$ - The delivery of cducation guppon rlirtiE$ for f4milie5 Iw2E¢ a year- tkc 2024 and Scpt 2025. ork with .4duli m¢mbtr5 of Anaka in¢luded building ¢onne¢iions and challcn8in8 siaiutor% Fx>dics and LV ¥roups to ensure ruliurNlly aLcessible provisitsn and led to. 4 ADaka Yolunt¢eTS received training from Menial Healih Foiindation enabling thern to t.aci15t¢ workshops tOT other Anaka member5 ltylDrtnatiorL s¢ssion with the h¢alth tN¥ts Hosttd Belfhsi Ciiy Council ernployTnenl 5uppon learn4 io Consider barriers from employmcnl Support for 3 dL)Ctors in ihe asylum System and newly rnIed refuKees 10 ¢nrol on hc8lih pwfession training nd placEmenL% in hospiral5. ro 4 comm dev me catio 3.1 Ardoyn¢ Mrrowbone Htxih rAd LeUre Busin¢s9 Dtvelopment Manager- This wa5 fi]nded to help acLelerao tht pro¥ress and success of a vital n¥w ¢cnlre in ihe arL'a 10 proi'ide training. cmploymenl gTowth. $ot141 prc%ribing and organisaiional sustainability. Th¢ Ilusirt¢$$ Dev¢lopment Manager is in P05t from Sept 2U24 and by th¢ ¢nd of S¢picmber 2Q25 Ihe phas¢ onc of the ccntTC has achicvrd full occupancy, leasin8 to appmpritte organis&tlons such as BrysLTrn Lmplovrnent Paihways: ne%oti2tlOn5 8rc undcrway with others Inc 5urE$tart. BHSCT. local bvxin¥ 4lub and hai'¢ five parties int¢Test¢d in leas¢ of cfjf¢ ABC has secured si8nifi¢ant y¢¥rryon¢ rcvenuc from a range of sour¢¢s including rnanagement fees, %asonal and annual renty; rnade gront applicaliun BCC. li has exceedcd its qon5truclion training targc15. delivered •34 pcrson-week5.' at Ica5t 20 Fr and PT job$ on%ii¢ with other5 Startin¥ soon: laid strong fDundationg lor employment growth, social Prescribing #nd organisational Su51n&biIliY GoveriiAnLe work alw complckd in ycar including d¢v¢loprn¢nt of e55eniial poli4ic5 in¥luding waicr managemeni plan, Electrical Managcmenl Plan and risk Tegisi¢r," 8LAs dcveloped.. and 7 new young direciors lunder 301 on the board.. developmettt of ouirorne frartJ¢WOTk5 with local medical prdLtice. QLB (now on Boardi and orhers evaluaiin8 theory vf rhangc. MuEh WOTk completed in the area of siakeholder efiga¥emenr including the 2 universitics e% OT %rudenTS on 5iie Luiyipl¢liiig irai¢iiTy¥. IuLal poliliLianx. ¢vs ¥TDUP> and ii¢fworlLY: built iV¢bAilc and soctl rnLdi& ihannLIs. aiid hardcopy marketinu in area. Page 7
Belfast Charitsblt Soeietv Truste¢s' Report 3.2 Ttwington Credlt Lnlon . Mrketlll8 oifKer Thc 5oci¢ty' ftlndcd thi5 pun time post WTth a vitw to rAl5ing awareness Rbr)ui the value of saving ond booWIng from rhe Credit Union as a safer moT¢ 5tsble prvYid¢ for low itt¢ome families and ty ¢n¢OUTa8c young pcople lo savc. In the i'ear.. . New member5'. .4du115 8Tew by 164 and Minorn by 96 la 0.7% And 19.5% incrca5c ON last year. r¢spectivcl)' Increase in new applications. particularly fir51.lime borrowers.. 1.910 new applications.. and a de¢reEse in ihe number c>f ymdllcr loan &pplicEIion5- due To Ehan8es to inttm#l poli¢ie$ 1¢ full repAym¢ni before new IL)an. r)clivery of a progT8rnm¢ of finanlial eduration.. NCI.. reinsiated 115 Sih(1 SawiDg5 scheme wilh 4 sc55ion5 with PrimAry S¢hool, g¢51ion wilh l.'pper Sixth ()n finanLial pl&nnin8 as Ihcj head into 3rd level edu¢ation. Also 2 se55ions promoting finkncial awarcness and cducaiion wilh low income fllmilies in Pareni rDOrn5. Markeiing aciiviiy in ihc )'e8r FDcused on re.csiablishirtg i strong presence online and within thr community to ensure NC.Ll remains oc¢es5ible. Tel¢vant. ond supportivc Df ils growing 4nd diver5¢ membership, FB ¥rew lo 49.6K r¢Kh with 375,2K view5 12280/0 in¢ttastl l 8.4K Ni51ts and 165 new follower5 1900/0 rise in vi51ts and I OID/a rtlr in n¢w tollowersl. Ir.stagrnm TO a rcarh of1.3K and 9.3K views12340A increascl and 45 n¥w rollow¢rs: All mobilt App tr2nyaction% in¢rc85rd with over BO,GOO l.08tn%. The re-introdu¢tion of th¢ School Savrr¥ 5¢hem¢ helped drive inLTease in social media. Findin85 forrn Ihe Member5 5urvcy d¢mon$iraie 4 4.$15 utisfaction in services with arcas for irnproverntni identified Such as phone waitin8 time>. disability a¢¢¢Js und wmmunity viiibility. Henee plan8 for futur¢ to address Ihese. J.J IAower ()Idp•T14 AJbocl•tlon ()Idp¥rk ('umrnuhlt>' AgJocl4tlon Houilng *nd Rrytneritlon W'orktr Th¢ %o¢iety fund¢d Ihis pusi 10 otTcT dn ¢is¢nliNI 5UPWrt rule io people livin¥ in ihis srnNII Area. The w)stholder ¢omplctcd actlV1tics a8ain51 fivc kc) 8r¢ll5 of ihc uperaliun41 plan.. l Ncw housing developmeni and physical r¢generatlOn 5Ehcrne5 rcflcEI thc vicws of lozil Tesidenij and guided by i iommunii). agreed Lower Oldpirk Hou5in4 and Phyyical XeBen¢ration %lrAtegy - a full nci8ht%JUThood household survey was Earried gui with 1 51% T¢sponse rale achieved.. dai& coll8kd and anilyyed.. and report pr¢p#r¢d," report gharcd with r¢Jideni$ and key stakeholders ini Dfc Nfinister . draft r¢8¢neraii(In documcni in pr¢poration os pl•nn¢d. bl Lower Oldpark r¢iid¢nts and appliLanL% for h(7uJing in the n¢i&hUrhQ0d hawe %¢rs$ 10 INAlly hoged. profe5sionil help w'hen dealin8 Nirh their housing PToblem5- On-d¢Tnind Tc5pon5¢ 1¢¢ 5¢r¥ic¢ w45 providcd for walk-ins. appoinimeni. iel¢phone and hornc ¥'lfTf5 With 179 advice enquiric$ were receivtd and addre55ed. cl Lower Oldpark residen15 live in an cnvirunmenl that 15 s#fE. clean, w¢ll-m8intoined and attr1)¥¢ - 214 local cnvironrnental Problems wer¢ identift¢d and Teportcd; NTHF. F.xtern41 Cyclical Maintcnancc Scherne 15 10 514rt in l)club¢r 2025 10 dtllver irnprovements 10 th¢ houses al interfice some public r¢•lrn works at Manor Driv¢ and Oldpark Rv4d. Pa8¢ 8
Belfast Charitable Society Truglees, Report dl Lower nidpark residents will have been kept up-lo-daic in relation to prorK)sals, decisions and action conteming loc housirtg development&. physical regcnerauon tnitiative5LttemeS and housing mana¥Lm¢nt issues- the HRW produ¢¢d 2 newsletteTS to 440 households and updates u) the loc community via website And Faceb(K)k. ei The Ilousin8 pnd Regeneration Worker IHRW'I will have perforrned the rDle cffeclively and effiriently durin8 the funding pcriod. the HR1 report¢d io LOCA Board each month and coniribrLies iu annual r¢port. Thi5 P05t is funded for anoth¢r year. n£1670 4.1 The Peoplt% Kilchen The Peopl¢s Kiichen provide5 outreach. drop-in. sigrposting. and food to rreaie a saferj. n¢1 for homel#ss pvuple in Belta51. 11 rniscs awareness and advocates on iheir behalf. The %ociety approved fundin¥ as a itsniributiun iowards running Costs until end June 2025. bui particularly for th¢ coldcT period fTOrn Nov¢mb¢r 2a24 onwaTd%. 'l-h¢ fundinbi wa5 U5cd to". ' pruvide ¥OO meals pcr wcek from Decembcr to MarLh buy $00 51e¢ping bag% bu} sleeping mais for rough 51¢epers dnd enicrbienLJ blankeis durins thi 51omi purchasc 18 mobile phonc5 to lielp indiTriduals gcl connecled wilh their 5UPPOrt services hclp 67 pcople find lePorary a¢L()mmod&tion a¥ain during Ihe worse weather cnabled Pcoplr S Kstchen provide iran5PUrt for th05c homeless who have been allocaied temporary 4ccornmodation. 4.2 Hosford Housing HC-F4 is a new Lommllniry led housing charity tounded lo fighi humelessness. poverty and exLILisiun Lreaiin 8nd sharing innovative housing models The So¢iety approv¢d funding for this PTOj¢ft as It is parl of a innovaiive pilot to use a Financial Transaction Capital loans 10 buv houses to Tesettle people who h8ve been hum¢l¢>s. The proje¢1 will enable HCH to secuTC 18 housc5 i 23 Icnancics. In ihe fir%1 ph&se i year HC.H 711 Wlirk Ic) 5ecurc £160.000 en*blin8 11 to use Ihe £1 million Irom FTC.. and CTilically to t251 the proc¢$s and a¥reemenl. 14CII will seLur¢ fundiD8. buy hotsg¢s, delivcr #nd refine its model to devclop bcsl PTaciice in huusing and ttnan¢y rnBna¥ement. It will share leaming dnd innovation un houstng a ihou¥hr lea(ILT and dcclOp pdrtnership% and plan5 lo provid¢ DiUT¢ hotn¢5. Longer tCTm H('Il will research and develtsp futts praj¢cL which tackle housing exclusion. At the cnd of Sepiemb¢r the proje¢1 is on track with ihe 1¢8rn negoTiaisn8 an agreemLnt with Dif and Ihe FTC monie5. A fuller report will he proved in nexl ycar % Bi)aTd Teport. Page 9
Belfast Charit4ble So¢iety Trustees, Report 4.3 Str¢ti Soe¢er Nl- Horneltm World Cup Thc Society'5 8T1 wa5 aw*d¢d to corstribule to th¢ costs of Sending 16 homcless men and wom¢n io Oslo Norway fnr ihe Homclt55 World c.up to cover ihe cost of fligh15. accornmodaliDn. food and oth¢T %"ari¥bles. The tearn was very suc¥ess ai the tournamcnl bui of moT¢ si8nifiiance is the impacl on the live5 a5 noted bclow.. om¢n's l¢am cam¢ 15th out of 23 In tournBrnenl Xl's Ihird hi8hes1 finish Men finish¢d top of their group for th¢ firgt time in fir51 roup 5tag¢ and finished 17th in tournAmenL liftin8 the 3rd lieT CYP Out of the 1.1 players only 2 remain homeless or livin&1 in temp a¢LommodEtion Out of the li players.. I I now workih8 or in cducalioj Oui of the 1.3 playeT5.' 4 are volunteerin Uu¢ of Ihc IJ pliyeT5.' 10 slill en8a¥ed in Slrcct So¢¢er progrnmmes. 4.4 50S NI SOS Nl is a B¢lfayt-b•s¢d voliiiiiccr driven charity ye¢ up in 2006, providing life.saving Crisis inlervenrion. welfare suppon. and safe spaces for those who are or beLonie vulnerable - particularly durin8 wcckcnd5 And major ¢venis. On avernge il directl>. 5UPPOrt OntOOne 3,000 people per year acrogs It5 PTO8Tammts casin& prcsiur¢ on PSNI. NIA8 and emer¥en¢y dLPlrtmenig as ¢11 a5 PTovidin% PL8ioral and welfar¢ SUPPDrt lo l 000$ mure. The Suciery mAde i donlltion loward ov¢rnll cojlj of 115 wDrk. 4.5 Black Santa 'I'h¢ Illack SllniD Appeal SUPPDrts Ihnie local LharTties ai ihe fL)TefToni of helping IhDse who fTnd Ihemselvei madc honiclc55. In thi5 y¢&r Bl8¢k Santa had a partirul#r focus 10 help local chariiies w(Irking ID preveni young peoplt fytsin b¢LQrnln8 hom¢leJJ In lh¢ fiT4t plALe. W'iih th< Snciciy'% hclp this ytllr it supporttd 107 lotil ¥liariti¢& In 20241 2025 And allucaicd E200.OOV io r¢pr¢xentati%ey IBLS don#i¢d £73.4001. The %vLlfty prDvid¢d 5Yo mat¥h fuThditt8 In (Ir¢Jer 10 supwrt work in r¢¥En¢rHlin¥ the l(?¢al area IhrLiugh work with loial herila¥e se1$ and archivc5. The Societv Successful in obtainin8 A Delivery Grani tsf £682.552 fmm the Xatinnal Lotterv HeritA8e Fund io deliv¢T the second pllrt of "Recreaiing & Great Plai¢ North Brlfa5t" in sepicrnber 2021 1&8tin8 4.5 year5 until 31st March 2028. Thc clustrr 15 Lomprised of 14 members, who aT¢ aciively en¥a8cd wilh and rE%pi>nsibl¢ fDr Iiertta%e a%sei% 41rclchin¥ aCTOES nonh t4elfa51. ThTDu¥h Ihc projccr Ihc members have achteved Tmprovemcn15 in gov¢rnance and operational capacitv. whtlst buildinb and strengiheninx rel&tion$hip5 within ihc Cl1¢er And beyond. In the year ihe key are of work and succe5x included.. rjevelopmenl COrdInal0[ appointed AUB 2U25 follaborAric?n and P&nn¢rshtPS Look North Fc51iviI Capital Inveslmenl.. Lighting Proj¢ct (toveniance l)ev¢lapmeni I:i'aluaTion and SuSlbIlity Placcrn&kin¥ and Public Rcalm Archive De.e1DpMcnI A¢ademic EngaBem¢rtt Sted fiTantS 'alking Tours StrlliegiL RepT¢scniat¥on Pagc 10
Belfast Cbaritable Society Trustee3' Report 6.1 Creatlvt Lo¢AI Artlon• Re%poDKg Ind Engagernenl IC.LARE} The Soci¢ty lld¢d this project to ensur¢ old¢r people across NDrth Belfut are connert¢d to services and aclivities. This enable5 much interAetion irtcludin8'. 1.856 contAcr8. 335 5grvi¢e$ provided ts 143 people 65+ in North Bclfa31 to help them remain as h¢alihy and indepeThd¢ni as posjible for as lon as possible. ont-io-gn¢ hujth support, WAlk$, p¢rson41 shoppin8. befriending, assistance io visit relativ¢s in ¢aT¢. volunlcrr dTivin8. c¢ review mtctin¥s. homt visits, Assisice io access $crvic¢5. advoc¥y and liaisin¥ with IICPS. si&inw>sling and onward referr. 717 aiiendances al group activities %ttting up one new gTL)UP Ut Mount Vcrnon ('ommunity Hou5c and pl&nning fnr iett¢n8 up another three gruup5 arruss Nurth B¢lf851.
n In¢rea5e in CLARF.'5 volunic¢r pool from 3110 37.
Thc luiidin¥ al¥v ¢nAbled rnu IuLU¥ drY¢lopJn¥ Jnd pursuing altern#iiv¥ InLvm¢ strcams.. llnd neorKin8 And rclD(iunship building. talks to ¢5tabli5h andior ¢xpAnd oihcr older pcoplcs. sroups acrosi the area sueh &8 in lh¢ M¥Don4ld Cenire, The AShn C'enirt. Ardoyne. Slar Neighbourhood Centre. PTo¥f¢sg regJrdin8 income sireAms and setting up iocial enierprise aLiivili¢s has led 10 C.I.,,IRf. Joinin the Helfa%i Ciry CouD¢iI (io Social PTO8ramme 4nd ¥etlin¥ ¥upport from u mcnior d¢vLl<)p a businLSS plan. 'I'hr¢¢ busineji fflod¢li h&v¢ bctn d¢v¢loprd And &r¢ ID th¢ir final Slaxcs ol'd¢veloprnenl and le8sibiliTr. I.ARF. secured a small Amouni uf funding from l.FT in .4pTil 10 carry vui a eonimunity 5UTb¢) a¥roy¥ N(?nh B¢lla51 Ihroushou¢ May-july in1¢rvie$ dnd a fvLu¥ grtsup. lh¢ 8urv¢y wa$ dix¢Tibui¢d 10 ovcr 10 orKanisalion Loni¥¢¢s ¢stsbli4hcd vill Ihe NBCP n¢Nork$ who subscqucnily promDrcd the survey on Dur bchalf. K¢y findings include.. 7yQ/g Ot'rcspond¢nis felt isoliicd #i Icast somelimcs with 90/y ol'ihc8¢ sayin% m li)1 of ihe lim 824/4 of tespondenis leli lonely ai l¢ii somclimcs wilh 15Vo <)I'ih¢se sayin¥ d l()1 nl'thr tirn¥ 70% uf SPondentS want to attend more tIVItIeS but ire nui AWAre of what Is ori. cunDOi du¢ to transFKTrn or needing help getting to Nrtivitlf5. .L.ARF. ig plannin8 work 10 4ddr¢55 lh¢ findings. 6.2 Tom Howard Ardoyne Shmnklll Heilih Prtnenhlp. oldtr p¢oplt'* prolect Thi5 will b¢ rcpurted on in the next'l'rusie¢s r¢rA>n. 6.3 NI WAt¢r Vund R('S re¢¢ii'Es gn annuity from N'l Woi¢r because of ils rolc in deelopIng lh¢ waicr infr&strucwre. Thi% v¢ar C-lifton re$idcntial homc rcceived a donation as a Lulllribulion ioward5 A pfu¥Tamme of 4oci41 aliii'ii) fi)r residcnts wiihin the 8upported living side of C"lifton House. The sheliered 8c¢ommodalion wiihin CliftDlI Iltsuse will rcccive a donaiion toward5 an or41 history prvj¥LI. Page I I
Belfast Charitable Society Truste, Report ilanlhr otal alloc The Socscty prol'ided ongoFng support to Ihe Funder5 FONM Nl. a membership foTUrn con5jSting of independeni and semi-indcpendenl li2nder5 and repiesenlalivcs uf organisation5 who fund and make grants Northern Ireland. BC-S h051cd the quarterlv meeiings. Ihe annual Funde Forum Nl ConfcT¢n¢¢ in Xovembcr 2024 as well as polic}. and sub-group meeting5. This year conferencc focused on poverty and crippling effec15 li ha5 on people's lil'¢5 Wlth kdtrivna O'sullivan a5 thes. kevnote speaker. C051s assaciated with the hire of Clifton House w'ere cL)ver¢d bj the Society for a range of relevant comrnunity and volunwy group5 who work w addrc55 disadvantage. promoie philanihrupy and arc intCTe5ted in OUT history. c.lifton House Board room and McC.racken 5Uttcs Tre let free of charge to a wide Tange of philanthropic Organisations whum BC8 w'orky with Incltsding FThl. tht Ireland Funds. FarnTlies .'n Philanthropv group: ond other OT8S we are tryinx to help suth as the local prirnary schopls NBALC. IA tyial 27 cvcnts. 5ES5ion5. mECtings were supported. 202 24 Ll Nl Htssplce- Specialisi Community C•rt Palli4ti¥e Nurjrs project This five-year prtsgramme fvnd5 four Cornmunyty Specialist Palliarive Care Nur5e5. enhancing capacity to deliver complex end-of-lifc c8re In p¢ople s homes. The Socicty COVCTS pari salary c05t5. The nurses are trained in pan£realic cancer awareness. syrnpiom man4g¢Tnent. SUPPQrt for familics of patienis and end-of life care. 'orking in Belfast and Souih-bll51ern Hralih & Social Care TNsts the nurse5 provided care for 327 paii¢nts. They PTovid¢d invaluable support attd cornfort in the final month$ of paiients. liw¢$. giving family br¢8ks from arin¥. and allowin8 Paticnr5 their wish of possing awll). It hom¢ suOuded by thcir farnil}'. This is i highlv valu¢d 5ervtce helping all tancemed navig&e a difficult and cmnlional tirn¢. Feedback hs¥hSightS the valu¢ of this scrvice.. Don't know what w¢ would do wiihotsi thc cxcellent support of the teAm." "Th¢ Staff couldn i improv¢- very htlpfvl. kind. arkd a yeat service." 9. AddTes5in ijadv tthr htheM8 r4 ndati n- T tal Allo The Faundatiun wa5 Sei up bv the gDciets' to celebrate Ihe lif¢ and works of Ihis remarkable woman. and her l¢gac>' attd rtlevancc todav. Thc l-"oiindat10n wa5 forniall) recognised R5 a charity by the Charity Cornrni5SlOll forNorthcrn Iland in Ihe y¢ar INI 1088571 A full Trustee report is available within the Foundation'$ Annual Report and Firtanciol Ststetr*¢nts. Fln nci an Th¢ r¢5ulis for ihe year are ggt out L)n pAg¢ 20 Income for ihe vtar was £1.70S.05412024.. £ l.i05.5421 with oTrerall 5UTpIus of £625.477 12024.. £930.3491, AI Ihe y¢ar-cnd 30 September 2025. the bilan¢t$ of Ihe resirictcd and re5tri¢ted fvnd$ held were £14.294.656 and £449.350 respeciivel),. Ptnjion A BCS operaie a pensio# scheme through People s PEnsion in ac¢ordance wilh auto-¢nrDlm¢nt rulEs for those eli8ibl¢ Lmployces. Pe 12
Belfast Charit#ble Society Trus¢ees' Report In developing its stralEgy from 2025 the Board of the Society recogniscs that it is es5eniial to consid¢r n(>1 only recent achievements since its 5ubstantiv¢ mov¢ from th¢ provigion of rar¢ for older pcople- but also io refleci on thc long and suc¢¢ssful histtjry the or8onisaiion has had irt addressing di5advaniagc. The overarchin8 lon8-iem) measures of suGc¢s5 attained by the Society in a¢hieving its mission can bc deslribed ag focusing in th¢ wider are¥.. • Clifton House &s '4 hom¢.. Th¢ ijnpatl the or8anis3lioTh End building had in developirt¥ th¥ local aTca and Bclfasi in general. The methodology i.c. how the Socie. has m8iniain¢d the need to be innovaiiye. enirepreneurial and ri%k taking whil¢ alw4y5 focussin8 on its Mission to addTe5s disadvantage, Th¢ Board opprowed the follow'ing therncs.. Education Thc Socizty will support projects and aciiviN ihai address cduiation undeTachievemeni and ¢nhancemertl in more fornial education Settings Ihis will be In partnership wilh ils Mary Ann Mc( rdtken Foundation recoBnisIn the lauer s appraved sirat¢8ic plan. This will ulsL) inLlud¢ the Foundation's work lu address ihe tducaiional n¢eds of th¢ new Lomrnuniti¢s. HDmele%sne%5 - The Saciety will %uDpnrt DTniecls And Hciivity that deal wilh hotnclc4sntss or ihc causcs Ihai ¢r¢at¢ hornelessne5s. partikularly for ihosc m051 in irnrnediaie need and IhTrse who hai'c a higher propensit> 10 btctsme hnrnele55. lurly Iniervenlion - The So¢iety will gupport projects and allivit)" thai addrc5ses rhL dewelopmenial ne¢d5 of rhildrtn, wilh a focus on the fJTSI 1,000 da)5 of The child's life Ihrollgh th¢ farnily 4ettinL This a190 enables the ociety ro build on and safeguard ils fundins uwer r¢¢ent years. orth B¢lfast d¢veloptncnt - The Society will support projects thai addre$s and caidly5¢ f¢8En¢ration in iht local area ihrough community infra5rrucTure (building5 and people) and Including h¥riia¥e and ¢duLalion. Innovation and enterprise Tht Society ,$11 suppurt InnovaiivL SOLial enirepTcneurial aLiiVliJ ihat help deielops w'ays thai older peDplc4 make connection 10 serviLe5. and arlivity Ihai develops soluiions [(} hjgiene poverry for rxample social laundry.. DellvtrinE on ihe themu wnd ehrl¢bl¢ 4tttvily: The SLiciety will 5c¢k io work in partnetship with oiher organisaiioD5. its gr[eeS and funders on a cas¢-b)vC3S¢ basis. Philanthropy will be d¢lltr¢d through its rontTihution5 in 'iime. Ire&sure and talertl. as dnd when applicable. In relation to the provisinn of 'iTeasurc ihis will be dLlivered thrttugh grants and donations pro¥rwprn¢ Ix)th ¢apiial and venUe awarding £_? million over the next J years. in the theme$ as sd Qui above. The Society w511 continue to fa¢ilith¢e th¢ Gor¢ of old¥r pcople Ihrough the lease arranBemeni Dn ILS buildin¥s. In relation to the preSerV10n and promotion of h¢rit8ge, BCS will coniinu¢ io increasc acLes5 10 and u$e or Clifton Houic for nieetin¥5. tours and diff¢r¢nt f0rm5 of sptciali5r event5. These aGti¥'ities will koniinue lo be used to prornotc Phil1hropy. £r¢alc incom¢ for the charity while informing. ¢ntertaining And eduLaiin¥ utheT¥. A Lhcmcd pro¥ramme of ncw tours and talk$ ha5 b¢¢n appTQVed. Pa8¢ 13
Belfast Charitable Sociefv Trustees, Report Trnytee5 Offirer5 Th¢ irustee5 and otTiceTS serving during the year and 5incc the vear end were as follows.. Tru5t¢¢s'. rs Siobhan BrOn 5 Norma Sinte r Colin Graham Mr Maiihcw Higgins ProfEssDr Alastair Adair Mr Aidan Bennett Rev M3rk Glo)cr fr (ilenn Jame8 Bradley Mr5 Eileen MDDney Ms Christine Donnelly Chaiy.. Professor Alastair Adair Chi¢f Exe¢uiiv¢ OtYic¢r'. Ms Poulft Reynolds Secretary.. MT Colin Graharn Tr¢Bsur¢T'. rs F.il¢en I4oon¢y structure. %overn•ntE *nd mAnagtment ulre fifgoverninz Five Acts of Parliament. the most reeent of which being the Belfast Charitable Society Aci 1996. a5 atVC. hBVt Koverned the aciikilies vf the %o¢iet)'. The Societ) s Board and affictrs. tleclcd the Society al th¢ AGV. guide thrse activiti¢$ thrvu¥h a number of ¢ornmittees thai repurt to the full Board at rt¥ular mettings. Recruirmeni opp(Nniment oltrmslees Board make-up is rei'iew¢d on a Tegular b&si5 10 en5vre skills. knowledgc And exp¢riencc mcEts thc needs of the organTr5ation. If gaps are idenrificd ntw Board members are recruiied and &ppoint¢d (kn Board approval hal'ing gon¢ ihrough due prv£es5 at rht Nomination and Rcmuneraiions (-omrnitt¢e. N¢w board rn¢rnhcrs romplete an induction procc55 and ar¢ provided with the ( orporaie GOtTranCe policies and proccdurcs. A rriTuiirn¢nl procc55 for ne memb¢ts wa5 compl¢tcd and three new appoinThents w'ere rnade to the BCS with a rth¢r appointm¢nt to th¢ (-lifton T4ouse Ltnire Ltmiied Board. No Board rnember reccived anv r¢muner8tion in th¢ >'ear and CDnfli¢tg ofinteTesi were declared &% appropriait. Pag¢ 14
Belfast Charit8ble Society Trust¢¢s' Report Major risks MaA4gemenl oiihose ris The inistre5 continually cx&rnine the major risks th¢ charity f¢$ or could face itt of go¥'ernance. opewion41 and reputational matters. The Charty developed systems lo monitor and control Ihese risks. and to mitigate &ny impact that they could havc on the orBanisation. The main iool u$¢d io manABr thi5 IS It5 Risk ReBistrr whi¢h is updated resularly lo r¢flcd changcs in risk manajjemcnt gnd 15 reponed io the Audit and Risk Commill¢¢ And ihen the Board. In recent years larger scale ri$ks luch is th¢ provision of direct ¢ire for older peopl¢ bavc be¢D miti&&led again51 rhrou8h IhL' tranxfrr of seryiccs io ihird party provid¢rJ' th¢ nur5iny home w liunwood Homes., and th¢ contrail dcliver rcjidential care for ¢hos¢ wilh dementia, ai the Clifton Hou$¢ $iie. Ir4nsferred b4Lk 10 Radius Housing. ObJ¢tlvt• ind pollcl The group's uclivities expox it to a numb¢r of finaD¢ial risks includin8 credit risk, cash flow risk llnd liquidity risk. The use of finan¢iil d¢rivative$ is ¥ov¢m¢d by th¢ 8fLIUP'5 policic8 approved by th¢ bL)urd ul. Iru%t£¢$. hiLh provide writl¢n prin£iplcs on Ihc u$¢ ur rinanLial dcrivaiives to man¥Ke thes¢ risks. The 8rtsup do¢5 not use derivative fin¢11 InstmentS for $p¢¢ulilive pury)n%es. C.'Aih now rlik lkne group'i Klivities ex5¢ il primarily lo th¢ finunciul Tisk5 of Lh4n8e5 in foreign currrn¢y ex¢h•ng¢ rn1¢s and Iniere51 faL¢5. The xroup uscs forcign cxchangc forward cftntTBCi4 and intere81 rat¢ %VlaP LDDiracls io licdbTrL Ihe%c rxp(18ures. Interesi hevin¥ a55e15 arsd liabiliti¢¥ are held al lixed ral¢ to ensure Lenainty ofclsh flowi, ('rlI rljk Th% roUP'S prin¥ipl financial a55Lts arc hank bal(¢5 and L&sh. trade and tsih¢T T¢c¢ivAblt5. And inv¢ylm¢nib. The group'5 credit risk is primorilj &ttributable 10 115 Iryd¢ re¢eivablrs. The amounis pre%enied in thr bal&nc $he¢i are nei ol. &llowance5 for doubilul reccivable5. An ullowance for irnpairmeni is made wh¢re there is dn idcnlificd lols ¢vrnl whiih. bAsed i)n previous ¢Kpcricn¢¢. 15 ¢vid¢nce of a reduction in Ihc r¢cov¢rubilily of Ihc ¥h fl()W5. Thc £r¢d51 risk ott liguid funds llnd d¢riV1Ve finanLial Inslrum¢nis 15 lirniicd th¢ cvunl¢rp4ni¢s are bank5 with hi¥h ir¢dii-riiin8s assigned by international Lrtdil-raiin8 &8en¢l¢S. The ¥roup has no 5ignifirant conccniration of credit risk, wilh rxposufe spre¥d over i l•r8e numb¢r of ctsunrprtIe5 and cu8iorneT5. quldlty rlik In ftrder 10 maintain liquidiry w ¢niure Ihai sufficicnl funds are available tijr ongoing operations And tiitur development5. the Broup usc5 a rnixrure of lon8-iemi and $hon-term debt fJnan¢e. Further delaily r¢yrdinK liquidity risk ¢kn Lie found in ihe Sr8iemeni ol. #¢¢rJU#tinK policie.4 in Iht lin)n¢ial 514t¢rn¢nt$. PaBe 15
Belfast Charitable Society Trustees, Report It 15 the Board's objective io mainiain sufficiEttt res¢rve5 10 enable it to have continued tenajnty Over lis pcrating activitie5. Rcyerves more than this will be us¢d for 5p¢cific proj¢ct5 in the fvtur¢ and when lh¢ Board deern appropriate. A5 the cu51odiRn of a Grade A listed building. whieh is IE&sed to Rodiu5 Housing untll May 2070. the Board 15 consciou5 that it ha5 the uliimale re5ponsibilTty' of ensuring Belfasi'5 old¢sr working buildinB is Mainined for futur¢ gEnerations of th¢ organisaiion and the ciiy'5 populatlDn. This is also truc of the work and legècv of ihe Socicty as a. philanthropic body. Investmen The Roard has rhe power tt) invesi in such 5tocLs and share5 as it dec5 approprialc. The policy is 10 adopt a low 10 medium Tisk ynvestmenl 5trai¢gy bed on maximisin8 both income and capital 8row1h. The Board tenders for investment managetncnl service. provider ever). three to fIC years ensuMn8 It a quality 5¢r¥i¢e. A lender pm¢ess wa5 compl¢tcd durin8 2025 -2024. Thc Board ¢ontinue% to h2v¢ rrgular contact M'ith the investment manager. The latter ha5 provided and presenled updai¢s ai most Board and Financial rneciings ensuring m¢mbers can makc inforyned d¢¢isions if required. Itors Further to a Lom1111ve tender process RBCA Limited w¢rc appoinl¢d auditors to th¢ Soci¢ty and ID ac¢oTdan¢e wilh the Chariti¢5 Act INorthcrn Ir¢landl 2008 and Charitie5 Aa (Northern Ireland) 2013. The Baard i required lo prepare financial 5131ernenis frir each financial year w'hich give a true and faiT view (yf thr stai¢ 91-8ffr5 Of rh¢ 5ociery and ot" the surplu5 OT deficit of ihe Society for thAt peritsd. ltt pY¢pofing those rinanii81 siuiemenis. Ihc Board Is requir¢d Select Suitable accounting poli¢ies and then applv thtrn con5Tslcntly mike judgemcnts and estimuie8 Ihkt are reasonable and prudEnt pr¢par¢ the financsal statements on the going concern basis uThle55 11 15 inappr()priE to PT¢$Urn¢ ihli lh¢ Society 111 coniinue in opcraiion. The Roard 15 rcsrx)nsible fur maintainin¥ proper ac¢ountin8 records which di5c105e wirh rca50nable &CCUTac>' al any lirne the financial posit2on of the Society. They are #lgo responsible for safe8u&rdin8 the ags¢ts of the Society and tskc all r¢a50nable step4 10 prevent and detect fraud and oiher irregularities. i5cI So far as ihc Board 15 awart. there is no relei'ant audii tnfomaiion of which Ihc Society's audiloT5 are unawar¢'. Additionallv. th¢ Board hav¢ taken all th¢ necessary 5tep$ they ousht to have taken in OTdeT to make thcmselve5 Bwllrc of an) relevant 8udit infomialion and Ic) ¢nsure that the Sociery's audiiors are aware of rhai infornialian. "The Board remain5 txtr¢m¢ly grateful lo Ihe 51aff ai ihe Societ) who h2ve worked hard from differing IIKalion$ lo cnsure the opcrations havr continued scamles51y during most ¢h8llenging tirnes. Bv OTd¢T Ot Lhc ]4oard PTof. Alastair Adair Dale.. ILI3 lib PEge 16
Belfast Charitable Society Independent Auditor'5 Report to the Memb¢r5 of Belfast Charitable Society Oplttlon We hav¢ audid the financi Statements of B¢lfpst Charitsbl¢ Sociery (the 'charitAble parent company'l and its sub$idiarie5 Ithe 'group'l for th¢ Jear ended 30 SepicTnber 2025. which comprise the Cortsolidaled Stat¢meni or Financial Aclsviiies. Con80lidaied Balance Sheet, Balance Sheei, Consolidated Staiemeni of Cash Flows and 'os io the Financial Statemcnts, including a summary of significant accounting polici¢5. The financial reporting fTwnework thai has been applied sn their PrepallOn 15 bniied Kingdom Accouniing Standards. ¢OTnpri5ing Lhariiies SORP. FRS 102 The Financial Reportirtg Standard applicable in the LK and Republic of Ireland, and appli¢ablc law Ibnitcd Kingdom GenerlY Acccpted Accountin8 Pr8tti¢tl. Sn our opsniun th¥ linan¢ial ststemeni%-. givt a true and fair view of the of th¢ 8roup'5 parent charity's affairs as Rr 30 September 2025 and of its incoming Tesourccs and application of re8ources. including its income and expenditure. for ih¢ yrar then ended.. havt b¢¢n properly Prepared in 8c£ordance wtth Unittd Kingdom GenerlY Aicepred AcLuuniin8 Praciice; have been prepared Jn accordance wilh the rtouircments of ihe Charities Acl INrtrtheTn IrelAndl 2008 and the LharJiJes Aci IN'urthem Irclandi 2013 Basi5 for opinio I'c conducred our audit in accordance with Internaiiottal 8t8ndord9 on Audlting IIIKI IT8As ILIKII and applicabl¢ 14w. Our responsibilities under Eho$e siandard5 ar¢ fvrther described irt Ihe auditor spOnSIbl1?[1¢S for the Rudil of ihe finanLial gtaiernen15 $ecEion of our rcsx)rt. W¢ arc independent of Ihe roUP in ai¥urdan¢¢ wilh the eihi£al regUITements that are relevanl w our audii of Ihc financial slementS in the LK. including rhe FRC. s Eihical Siandard. #nd we have tulfillcd our other ethical responsibilities in accordanLe with Ihe$e requiretnenis. 11 e belicve that the audii cvidence we have lsbraincd 1% sufficieni and appropriate tn provide 3 basi5 for our opinion. Conclusions rtl*tlDE to zoing oone¢rn In auditing Ehe finanLial stttemenis, th'e have con¢ludcd ihat ihc iru51¢¢5 Use af ihc Koinb LOllC¢rn basis ot. MEcounting in Ihe preparation of the fJD8n¢iAI siatement5 is appropriate. Bdscd on the work we have pcrfornJed. we have not identified any material uncertointTre% relatinsi to events OT Condiiions thai. individually or collectively. may ius1518nific?ni doubl on the gruup'$ abilitv to continug as oink conccrn for a period of ai le8s1 twelve monLhs frorn whcn Ihe ori¥inal financial siaiemenis were authori5cd for issue. OUT responsibiliiies and the respot)sibiliti¢$ of th¢ tru51tt5 wilh Tespeci to 80ing ¢onc¢rn arc dcscribed in the relevant s¥¢t10 of this report. Other InfoTmatlon The tNStees are responsible for the other infomiaiivn. Thc other information compriscs the Information included in th¢ annual reporL other thttn the financial siaTCJnCllts and our auditor's report ihereon. Our opinion on Iht financial st8i¢m¢nts do¢s noi covcr Ihe oilier informaiiott and. exLepi 10 the E¥t¥nt oiherwisc Cxpliciily 51al¢d in our TCPOrt. we do noi express any fomi of &%surance conclusion ther¢on. Tn Eonrlertion with our audit of the finaiicjal stai¢m¢nls. our resportsibility is to read ihe oih¢r inforniaiion and, in doinR so. consider wheih¢r the other informaiii)n is materially incon¥isrent wilh tht financial stsrements or Ljur ktinwled¥¢ ubraincd in the audit iir utherwixe aPP¢Ars iu be maieri&lly tn135lulcd. 11 id¢nLif>' such tnairriul iniunsislrncic5 OT appareni marerial misstalemenis. we Are t4ld ta d¢tcrrnine wheiher thLfL IS d niaterial mi$staiemeni In the finartcial statements or a malcrial mi4staiemeni of (he nther informaiion. I r. based on th¢ work w¢ have Perforrned. we ¥on¢lud¢ Ihai there LS a mdierial fflisstatemenl of ihis oih¢r infurmaiitsn. WL are required to report that ftta. PaM¢ 17
Belfast Charitable Society
Independent Auditor's Report to the Vlembers of Belfast CharitAble Society
'¢ haNe nothing lo rcpon in this regard.
Opinion on other m8tter ptrucribed b!. the Chwrftiey Acts l%orthern Ireland} 2008 And 2013
In our upinion. on The 'QTk undcrtaken in Ihc course of rhe audit..
th¢ infomiaiion given in ihe and Tntstrcs. Report ftsr the financial year for which the financial stBtcmcnts arc
prepar2d Is consisi¢nt with the financial 51aternents". Jnd
th¢ and TTilSlttS' Repon have be¢n pryared in ¢ordanCe with ipplicable legal requirements.
Msttcrs on which e are rtquirÈd to report bv exeeption
In ihc Iight of our knowledge and understandin¥ ol The gTOUP and rhe parent charitable company and its
environment obtained in rht cours¢ of the audit. wc h8vv not id¢ntifi¢d mAt¢nal missratements in ihe and the
TrustCC5' R¢porT.
le havE nothing lo report In re5PCCt of thc followinB matter5 wherc the Cornpanic5 Aci 2006 requires us
report to you if. in our opinion..
adequate accounting reLords have noi been kept by Ihc paTrni charitsble comp&n)', or tIlmS ad¢quat¢ fijr
oiir audit havc not b¢¢n received from branches not visited by iis.. or
Ihe parcni rhariiable company financi41 siaicrnent5 are Iiot in agreement with the a¢couniTn¥ TEcord$ and
retums. or
certain disc105urr5 of misi¢cs remuneration 5pecifitd by law are not made. or
we have not received all the ittfi)rnaiion and explanuiions wr r¢qusre frjr our audil.
Ruponssibilities Of trnstees
As cxplaitted more fullv in the trustees responsibility statement aff responsible for th¢ PparatiOn of the
rinan¥sNI 3wi¢'tn¢n15 and for bcing sati$fi¢d IhEI they 8ivE a attd fair Vi
Belfast Charitable Society Indepelldeot Auditor's Report to the Members of Belfast Charitable Society IN't had rc88 laws and Tegulations ifi arcts that direLily affcci thc fjnancial siaiemenis includin8 finaft¢ial reporting lincludin8 rtlatrd trade union legi51ationl and iaxalion legislaiion. W'¢ considercd that Cent of complian¢¢ vrith those laws and regulations as part of our proc¢dures on the relad financial siatemeni it¢m5. With the cxcepiion of any known or possible nonrfDmpliancc, and as rcquircd b). auditin8 Standards, our work in rcspcct of these was limited ID Cnquiry of th¢ Trnste¢s. We communicat¢d applicable 18ws and r¢gul&tions throughoui our audit Icam Jnd r¢rnain¢d alcrt ¢0 any indi¢ations of non-Gvtnplianct throu¥hout the audii. We addre55cd th¢ risk of fraud through management oveffide of conirols, by iesting lh¥ apprt)priai¢ne55 of journal enuies, and other 4djuslmen15,' asses5in8 M.heihcr the judgcment5 made in makin8 accountinb) estimates art indicative nf a porenti81 basis.. and evaluaiin¥ the busin¢ss rationale of an) 5ignificani transactions thai are unusual or ouiside thc nomial course of business. Our wdit procedure5 WCTC d¢5ixn¢d lo respond io risks of rnalerial misstatemcnl in Ihe finaniial stalcment.4. rerogDi5ing Ihat the risk of noi dcleriin¥ a matrrial missiatement due to fraud is hiiher than the r15k of noi deieciing ont reguliing from error. as fraud m&y involve delibcraie concealmrni by, fi>T cxample. forbT¢ry. niisr¢preseniaiions or Ihrough £ollusion. The ar¢ inher¥nt liniilations in Ihe audit procedvTes perfnrnied and the funhcr rcrnovcd non•compliance wilh laws and regulalion5 is from the even15 and rransaciion5 Teflecied in Ihe financial stat¢mcn¢s, th¢ less likely we arc io becoine aware of ii. A further desiripiion of our rcsponsibililics is availabl¢ on Iht Financial Reportirts Courtcil's websilL' ¥.. WV¢.frc.org.ubaudiior5Te5poDsibililie5. "fhis d¢sLription forms pan of QUT audilorfs report. l.'ye of our report This repon is made solety to the chariiable parent company's ITusice8. as a body. in #ccnrdancc wilh Chapicr I of Part 16 of the Companics A¢t 2006. OUT )udii work h2s b¢cn und¢rtak"cn so that we migthi siatc io Ihe b*roup's ITUStees those matters wc art requir¢d io s¢aic io them in an auditor's report and fur no oiher pury)0se. To Ihe fyllesi exteni pemiitt¢d by luw. we do noi ¢¢pl or a$sum¢ spOnSIbl11[Y io anyone oiher Ihan the Lhariiable parent company and its tru5recs a bod>'. for our audit work. for thÉs repon. or for ihe opinions we have furmed. Brian Stcwart (Senior Sigtuiory Audit(>rl rur ¥nd on b¢half of KBCA l.imitcd . Stdnjtory Auditor Linenhall Exchan8e 26 1.Inenhall 5irc¢i clfyst BT2 8BG D&ie'. Igl5/zb Page 19
Belfast Charitable Suciety Coniolidated Statement of Financial Aetivities for the Year Ended 30 September 2025 (In¢ludin% Consolidated Income And Expenditure Ac¢nunt and Statement of Total RecoRnised GaiD5 and LoJye%) nrestrlcted fun Total 2025 R¢itrieted funds ote Income and Endowrntnts from: l)onalioni 3nd legacie5 475.413 726.636 I 00.497 194.638 7,332 475.411 924 Iof 100.497 190.507 7,332 198.669 her Iriding Aetivities Invesimeni in¢om¢ her incorne 1.869 Tot41 income 1504 516 200,538 1705 054 Expendlture on: ChaTit#blc aElivillCS her ¢xpendiiur¢ 1220.7101 169,169 (169,169J 11,470.4941 390.917 Tulal cxprnditur¢ Gain$..'Ios5cs on investmeni asgets 11.249.784) 390,917 1220.7101 Net in¢ome( lexpEndilur¢l 645,649 (20,172J._ 120,1721 625,477 ei movemenl in funds 645.649 625,477 Rttonelllxtlon trf fundi T()lJl fundy brouBhi forward 13.649.(>07 469.522 Tutsl fundJ ¢wried forwvd 14 294.656 449 350 14 744006 The noies on pages 25 to 35 forrn an iniegral part ofthe5e financial 5tatrrnenl5. PA¥e 20
Belfast Charitable Society ConsolidAted StatemeLt of Fln8ncial Activities for th¢ Year Ended 30 September 2025 (IDcluding Consolid4ted Ineome Expenditure Account and Statement of Tot41 Recogniged Gains and Loss} I,'nrutri¢i¢d funth Reitrlcted funds 2024 Note Intome Kndovrnitnts from.. Donuiion5 and I¢Baric$ Charitable activities Other Irading a¢¢ivitie$ Inv¢stm¢rtt income Other Income 219.415 577.6B9 171.267 219.415 721.419 171,267 122.998 70,373 143,800 1,828 70,.173 TotDI incom¢ 1 159914 145.628 1.3US.542 Expendlture on.. 189.7961 IH72.9.511 1111.061} Other ¢¥p¢DdIre Total cxpcndiiurr Gain10#&¢ on inv¢$imeni asseis 189.7961 11.008.012) $82.819 5ts2,119 NL'I incume Oiher retoqnliwl 88lAi •nd losses Ciains.. Ii)%ie% ()D revaluaiinn ot. fix¢d 48se(s N¢1 movement in funds ReroDelll*ilon of fund li)[ fund5 brou¥ht fOrwd lotsl t'unds curried forward 824.517 55,8.32 880.349 S0.OOQ 874.517 45.141 12 774.490 13.649.007 413 6911 469 522 lthe notcs on pa8e5 25 to 35 forrn an inie8ral part of these financial stat¢menl5. PaBe21
Belfast Charitable Societv (Registration number- h'IC104998) Con801idated Balance Shcet as at 30 September 2025 2025 2024 Fixtd asJet5 Tangiblc 5¢L 5nvesiments 521.791 546.653 10,566.622 Current a$iets Slocks sio 96.391 3.156.743 1.243.644 510 D¢btors Cash ai bank and in hand 10 48.354 3,048,019 .3.096,883 Creditors: Amounts falling due wiihin one vear Yet curreni asset5 156.gJ6 £4.192 i.096.808 .?.042,691 Total asset$ Itsi turr¢nt liwbilit1¢5 14.775.920 14.155.996 C.reditors.' Amounts falling due afttr more than one vear 37.466 et assets excludlng pension liibility 14,744,006 14,118.530 et a55eis 14.744.006 14 131.435 Funds of the grollp: Reytrieted in¢omt fknhd$ R¢siricied fund 449.350 469.522 l.'nreJtTlCted incorne funds ln$trIcted funds 14.294.656 l i,649.007 Tot81 funds 14,744,006 14,118.529 The financial ststemenls on pa8es 20 10 35 wrre apptovtd bv ihe Iru¥ic¢s. and authorised for issut on 111Sllb and signed on iheir behaifb>.' %Aor 41asiair,4dair Chairrnan and irustee The notes on p4es 25 to J5 form an intcgral part of thcse finEncial staiemenls. Page 22
Belfast Charitxble Soeietv (Registration number.. NIC104998) Bl2nee Sheet As at 30 September 2025 2025 2024 Note Fiyed asset8 Tan8ible assets Investments 488.188 507.J35 10.566,722 1.074.057 11.645 509 Curr¢nt ¥•ets Dcbiors Cash ai bank and in hand 113.375 i.091.084 3.204.459 52.890 3.001,370 3.054,260 Credlton- Amoyni¥ f•]UnK due within one year 4D.4041 pt currtnt assets 3.091.131 1.011.8.%6 et a$SS 14,736.842 14.087.913 Funds of the charity.. Restricted in¢orne funds Restricted fund5 418.351 438.523 L,'nrutricttd income fun Unrestrictcd fijnds 14..J18,492 13,649.390 Total funds 14.716.843 14.087.913 The Iinancial STat¢rn¢nis on pages 20 to 35 were approved by ihe trustees. and auihorised for tS5Ue 011 J431 and signed on their behalf by.. Prulessor Ala%iair Adair C'haiman and Irusi¢e Tht noie5 on pages 25 to 35 fonn an int¢8ral part of the8t financiil itat¢mcnl5. PAge 23
Belfast Cbaritablc Society Consolidated Statement olcash Flows for the Year Ended 30 September 2025 2025 2024 Cgjh Ilowi frorn op¢rtln¥ actlvltiej Cash income 625.475 928,871 AdJDitment5 to rqyh flows frorn non-¢sh Items DepT¢¢lation Invtsiment income 24.891 61352 89.014 17.375 L60.7,196J 34.1,050 'orklng capltll Adjuitmtnts Incr¢4se in stoiks Increase in d¢btors In¢ye#$e in crcdiior5 10 147.3341 125..1171 Ncl cJsh Ilow5 frDrn operating activities Caih flowi from Invutlni •etlvltlts Acquisitions of iangiblr a55¢15 108.724 319,417 205 215J Net Incre in cxsh Nnd cash equivilenis Cish and cash equivAl¢nts at l ()¢iober 108.724 114.202 3,048019 2,933 810 Lixh and ¢8sh cquivilents at 30 5eptembcT 3 156 743 3 048018 All of the ¢4sh flow5 are derived Irorn Continuing operaiions durin8 ihe 41¥ive M) pcriods. Thr notcs on p4¢s 25 10 35 forrn #n integral part of tht$e financial siatcmrn¢5, Page 24
Belfast Charitable Soeiety Nota to the Financial Ststements for the Year Ended 30 September 2025 I Chgrity stt115 The fjhariry IS limitEd by share ¢apityl. IncorTated in Northern Ireland. The NddrESS ol. its registered office is.. Clifton 14ouse 2 North Queen Streel Belfayi BT15 IES Z Aeroumilng pollclts SummAry of signific•nt ¢COTIDtlhg pollcles And key •ccouniing estimates The principal a¢co4niirt& poliei¢s applied in the preparation of these financial siatements ar¢ set out b¢low. These poli¢i¢s hdve been consistently appli¢d to all th¢ years pr¢s¢nt¢d. un1¢55 oih¢rwi%¢ stat¢d. Staternent ofcompll&nct The fin2n¢i81 siaiernenis havE br¢n prcpared in accordanct wilh .4cc()unting and Reporting by Chdrilie5'. Sialemeni of Recommended Praciice lapplicable to Lharities preparin8 their aLUJiJnl% in a¢¢ordanLe with ihe Financial Reptsrtin8 Stsndard appli¢&bl¢ in th¢ LK and Kcpublic of Ircland IFRS 10211 li55ued in Oeiober 20191 (Chl[leS 50RP IFRS 10211. Ihe Financial Reporting Standard applicabl¢ In the L.K and Republic of IrelBnd IFRS 1021 Bnd th¢ Comp¥nies Act 2006. B4514 of prepgration Elelf85t Charitable Sts¢iery Meet5 Ihe d¢finilion uf a publiL bcnefit rti¢ity under FRS 102. .455e15 and liabilities are initially r¢Gognis¢d at historic cosi or irdnsaciion value unless ¥1h¥rwis¢ s&i¢d in ihc releNant aL£ouniing policy Dotes. sis of coniolid8tion Thc coD501idod financtal stsmenis consolidate Ihe financial staiement5 of the charity aDd 115 subsidiary ndertaking5 drnwn up to 30 September 2025. P48¢ 2
Belf&$t Charitable Societv
Notes to the FinaD¢iAI Statement5 for the Year Ended 30 September 2025
A subsidiary 15 an entity controlled thc chariry. CL)nirol i5 achi¢ved here tht Chari. ha5 the power lo govern
the financial and operaiin¥ policies tsf an enlit). so a5 to obtain b¢ncfit5 fro it5 activitl¢5.
Th¢ rc5uIt5 of subsidiarics a¢quired or dispDsed vf during ihe year art includcd In the stai¢Tlleni of finHnci&l
aciivilics from thr effective dale of aLqU1511ion or up to thr effective datt Df dispoial. as appropriaie. Il'here
nectssarj. 8djuslmcnts are made to the financial 5wemcrtts of subsidiaries bring their a¢¢ouniing politie5 into
linc with those used bj tht group.
The PUTcha5c meihod of aiLvunting is used to account for business iombinaliun5 thal resuli in Ihe acquisition of
subsidiaries by the group The cost of a business combinalion is measured a5 the fair value of the assers givett,
equiry. instruments issued and liabilities incurred OT a5$um¢d at ihe date of exchange. plus cos15 directli
anribuiablc 10 th¢ bu5ine5s ¥ornbinaiiDn. Identif?abl¢ a55ElS acquired and liabilities Jnd contingcnt liabilitl£S
assu¥n¢d in a busin¢55 combinaiion arr m¢a5ured Initiall ai iheir fair valurs ai rhe acquisirion dale. Any cxce55
of Ihc cost of the busine%5 combinaTion over Ihc acquirer s inter¢5t in the nei fair value of ihe identifiable a55ets.
liabililics and coniingeni liabilities recob7nised Is recorded 25 goodwill.
IntCT-company iransactions, balances and unrralised 8ains on trantionS between the ch8riry and Its
subsidiaries. which are related parties. are eliminared irt full.
Intra-sroup logses are alw eliminalcd bui may indicate an impaim¢nt th)¢ requi rEGognilion in thc
con$olidatcd fjnancial staternenis.
Accounting poliries of 5ubgidiaries have been chan8cd where necc55ary to ensure ¢onsisiency M'ith the policics
adopi¢d by the group. Non-¢ontrollin8 inteT£sf5 in the net assets of Consolidatcd 5vb5idiaries are idcniified
s¢par&telv from the ¥roup's eqjiiv Therrin. Xon-contr¢lling interests mn515r of ihc amount of those interests #t
the dalc ol. the original business combination and th¢ non-conlrollTng sh2rehold¢r's share of change5 in cquity
since the date of Ihe combination. Total cornprehensivc inromc 15 attriburcd non-controllin¥ inleresls ¢vLts if
this Tc5ults in the ni)n-L(Introlling int¢Tests having a deficst balancc.
Preseni•tlonal curTtn¢y ievtl of routsdln
The pr25¢ntational currenev is E Si¢rling and the level ofrounding is kn the nearesi £.
Going ¢on¢er
"rhe tru51¢¢5 Lunsider that there are no rnaterial uncertaittiie5 abDul the group'5 ability io COnl¥nuc as a goin¥s
oncem nvr an). significant arcas of un¢crtainry ihaT aff¢ct Ihe ¢arying valuc of a55¢ts held by the group.
Income and endowYoent5
All incorne is rtcoxni$Ed once lh¢ charity has rnlitlemeni to ihe income. it is probable thai the income will be
Tc¢¢sved and Ihc arnounl of the inLome r¢£
Belfast CbArit2ble Society Not to the Financial Statements for the Year Ended 30 September 2025 DeJerrediMCOme tkfcrred in¢om¢ r¢pre5ent$ Bmounis received for ¢te periods and is rele&sed to incomiog r¢sour¢cs The p¢riod for whlth, it h&$ b¢¢n r¢c¢iv¢d. Such irtcorn¢ is only d¢f¢tred when.. Th¢ donor specifies that the grant or donation must only be used in future accourtting pcriods.. QT The donor has imposed condition5 which rnust bc met bcforr the charity has uncondiiional eniiilem¢nt. ExpeJ)diture All expendiDue is ¢sn1$¢d ott¢¢ th¢re 1$ 8 legal or construdive obligotion to that ¢xpcndiluTC, it 15 probable scttlemcnt i8 required and the amount can be m¢&sured reliably. All costs are allocated to ihe applicable expenditure headin8 thar a88re8atr similar costs to th&t calesory. Where wsi$ cannot be dir¢ctl)' attT5buted to Particular headirtgs they have been allocated on a b&si5 consi51eDi wilh the use of resources. wirh ceniral sia C05tg allo¢at¢d th¢ basis of time spent. and depreciation Charges allocated ttn the portion of thc assci's USC. Orher support cosis are allocN¢cd based on the spread of staff co51S. Chorfioble adivlties Lhariiable eKpendibJre comprise5 Ih05e cosis incurred by the charity in ihe delivery of its ¥tivili¢s und 5¢rYi¢c5 foT it5 benefi£iarie5. 11 includes both c051s thai can be allocated direcrly ro such activities and thos¢ costs of an tndireLi nabJT¥ necessary LO support Ihem. 4upport C051$ Supp()n cost5 include centrxl furtctions 8nd have bc¢n allvcatcd io aclibiiy cosi caiegories ()n a basis consisleni with thr us¢ of resources. for example. allacating propertj ¢o$ts floor areas. or per Lapita, 5Eaff cosrs bj ihe tsme spcni and other co$ts by th¢sr u$age. TAAgtion The charity is considered to pas5 the tests sei oui in Paragr8ph I Schedule 6 ot. the frinance Aci 2010 and therefor¢ it rneets the definition of a charitable company for IIK ccrporaiion lax puryoseg. .4ccnrdingly. the chariry 15 polenliallj. cxernpt fTOrn t&xaiion in rcspeci of inlome OT capital gains re¢eived within categories covered by Chapter 3 Pan I l of the Corporation .[ klci 2010 or S¢ction 256 of the Taxuiiun of C'har¥eable Gain5 Act 1992, to the extent that such income or Bains 2re 4)pli2d cK¢lu5ivcly to charitable purpogs. T4nzlbl¢ fixed ¥55¢ts Individuul fixed ass¢ts rosting £0.00 or mUTe are iniii211y recorded hl cost. less any subsequent accumulaicd depreciation and subs¢quent accumulaied impairrneni Ios5eS. Depreciition IOrt1$tIon Depreciaiion is proi'ida on tangibl¢ fixed asse¢s so as to write off the wsi or valuation. less any ¢stimated residual v&lue. over their expecied useful economic lift Js fi)Ilows.' .4sstt ¢l•ss Building5 b.quipment ixNr¢$ 2nd fittitl¥S Depreeiliion Thethod and r•tt 2410 on revalued amount IOY4 un cosi 20% eoAI Page 27
Belfast Charitable Society Notes to the Fillancial Statements for the Year Ended 30 S¢ptember 2025 Invt5tment properties Tnvesiment property is raled ai fair valu¢. d¢rived from the ciirreni market prices for comparable real estate determined annuall}. bs. external valueT5. The vaTru¢ use observablc rnaTkel prices. )USted if ne¢es$ary fr)r anv difference in ihc nature. location or condition of th¢ specific a55ei. Chan8e5 In fair value are Tecognised in profil or loss. Business cornbinition5 Buqiness combinaiions are accounted for und¢r thr purchase method. WThere netessar%'. adjuskncnts are mBd¢ lo the finontial stsiemettts of sub%idiaries bring the accounting policies used inio lint with those used by rh¢ group. All Intra-group transactions, balancts. income gnd expenses are elirninatcd on consolidltion. I accordance Tth Section 35 of FRS 102. section 19 Df FRS 102 ha5 not been applied in thesc financial ststernents in respect of busintss combinaiions ¢ff¢cted prior io the date of transition. Fixed Ajiet investments Fixed assct invcstmenLs, oiher ihan programme relaitd inNe51men15. are included at market valu¢ ai the balance 5hctr dale. Rtaliied g&in5 and1055£s on inve51Tn¢nlg arc calculaltd as rht difference bttw¢en sales proceed5 and their marker v81ue ai thc siart tyt. the }'ear. QT thcir sub5e4uenl cosi. and ar¢ charged or cdiled th Ihe Statement of Financial Aciivities in the p¢riod of disposal. L1nrealised 8ain4 and IDsse5 represcnt the moverneni in market values during the year and are credited or charxed to tht Sial¥rn¢ni of Financial ActlVllll5 basrd on the markel value at thc year end. Stock 1$ valu¢d at Ihe lower of cosi and estimated sclling priG¢ IL55 ¢DSt$ lo Eornpl¢tr and sell. afteT du¢ Teyrd fr)r obgi)l¥ic and slow movin¥ sti?ck5. Cost Is deterniined usin&? the first-tn. fTf5t-oui IFIFOI. Trade debtDrs Trade debtors are amount5 due from cu$tom¢T5 for merchandise sold OT servir¢s p¢rforrncd 10 the ordinary coursc ofbusin¢ss. Trade d¢btors are rccognised iniiially ai ih¢ traD5Jciion priLt. Thty atE substquently measurcd At Amorti$ed Cost usin¥ Ihc cff¢rIiC inleresi method. less provision for impairrnenl. A provision for the irnpairrnettt of tradc dtbtor% is r5tablishcd 'hell there is obj¢rtivc cvid¢nce that the ch*rit> u'ill not bt able to collect all aTnount5 duc according w the oriminal teThns of the Te¢tivables. Cash #nd tksh equivxltnty Cash and cash equivalenis comprise cash on hand and ca11 deposils. and aihcr short.l¢rm h?¥hly liquid investmertis thai readily convertible a known arnount of cash and are subj¢cl LO an insignificant risk of change in valu¢. Page 28
Belfast Charitable Society
Notu to tkn¢ Flnancial Stltements for the Year Ettd¢d 30 Stptember 2025
TrAde crtdlto
Trad¢ cr¢ditors u¢ oblipiions io pay foT 8oods OT services thai have betn acqujred In the Ordin eouT5e of
busine51 fTom syppliers. Accolknts pwyable are c145sifJ¢d a5 cufTcni li&bilities if the ch4Tiiy does nut havc a
un¢onditional right. at thc end of the reporting period, defer settl¢mrni vf th¢ GT¢di¢or lor &t Icasl twelv¢
monihs ifter th¢ rewnin8 dale. If there 15 An uncondiiional riBhi to defcr 5ettl¢m¢nt for ai lea51 twelve month5
after Th¢ r¢p)rtin8 dth, they ore presenied as nonwcufTent liabilities.
Trftde LrediroT$ ur¢ r¢cogni$ed Inillolly Ai the tranSli0n price and subsequently m¢Asured dt Amnrti5cd ¢051
U5inM the eff11¥¢ inieresi meihod,
Borrowinii
InieTest.beartng borrowin8$ are initidly r¢¢orded il fair valu¢. D¢1 of tran54Ctiun Lusts. Inlrresi-be&rin
burr(Iwin¥y ar¢ subs¢qts¢nlly £ie at arnuni5¢d ¢051, w)Ih Ehc diff¢r¢nL¢ b¢N¢en the proceed5. nei ef
tran$th¥ii()n ¢oits, and the arnouni due on redemption bein8 r¢¢o8nis¢d a$ a charge 10 the 8takmcnl of PinJniiil
ALtivitics over Ihe period of Ihe r¢levant borrowing.
Ini¢r¢51 expens¢ is rcco8niscd on the b$ ol thc etTe¢iive inler¢Jl method 18 included in int¢res1 pajoble
nd similar Chse$.
Florr¢)winM¥ ure 4l•ssilied cuThcnl liabilities unlcAS th¢ Lh¥ity hus an unc
Belfast Charitable Society lloles to the F5naDcial Statements for the Year Ended 30 September 2025 Flninciil iTtstruments C1&55ifictYrion Financial assets and financial liAbilill¢S Tecngnistd when ihc group become5 a path. to the contractual prov15ions of ih¢ instrumcni. Financtsl li8bililies and cquity in5tTurnenis are Classified according to Ihc 5ub5thnce of th¢ contracwal arrangem¢n15 enitred inlo. An equifv insrrumL'ni is anv ¢ontr&EI thot ¢videnc¢s a rr5idual intcrest in thc assct4 of the STOUP after d¢ducting all of its liabiliites. Recognilion t¥Rdmea5Mreme•i All linancial a55eis and liabilitie5 are iniii811Tr measurcd al trWISaCEton pri¢¢ (including IraAsactlDn EQ5151, EXIEPI for rhose financial asseis classified as 31 fair value through profit or lo%%. which are intiially measured at faTr value Iwhi¢h Is normally the tran5acriDn pri¢e ¢xcludiDg Transaction costs). unless ih¢ arrangement ¢on5tihJles a financing tTansaction. Tf an arran8em¢nt consiitutr$ a financing transaction. the financial &%8et or financial liability. is rnea511red at the present value of the future payrnent5 discounted at a market rdt¢ of interest for a similor d¢bt Instrum¢ttt. Fin£111 a55Cts and liabilities are onl>. off$ci in Ihe siaiEmcnt of financial p051tion when, and onlv when there exists a le8211N' cnfor¢c8ble right lo sei off the r¢rognised amounts and thc group inicnds either to settle on a nel bOST¥. or iv re81i5¢ Ihe asset aiid settle the liab11it) %imulianeous1}. Finan¢i81 $¢t5 are dereco8nised when and onlv when al the contractud rights to the c&sh nows ftom the tiranctal sssei expire or are $rttled. bi the ¥roup transfers to another party substantially all of ihe risks and r¢wards uf otr8h1P ot'lhe finanLial asseL or cl the ¥r()up. d¢$pite havin¥ relain 50rn¢. bul noi 1. 5i¥nificani risk5 and rewards c)f own¢r5hip, ha5 Irdn5feTred control of th¢ asset tr> another part>. Financial liabilities are der¢cL¥8nised onl> when lh¢ pbli8*tion Specified in thE contrart Is digch4rged. cancelled or CXPiTt$. Page 30
• tA 8 8 8
Belfast Charitable Soeietv otes to the Finaneial Statements for the Year Ended 30 September 2025 4 Incomt from othrr ir•dlng ittiviti¢s I'nrestrlcted Re5trltttd Total 2025 Toial 2D24 Incom¢ from trading aciivities 100,497 100,497 171.267 5 Expendlture on thrlt•bk ictlwlilty 2024 Pr¢thi ch•rfty IBelfAIt Ch•rltAblt Socltt?.) c.usts i12.668 291.574 Activiiies & 5ervice5 undtnaken 753,724 19,150 460.909 Dtpreciaiion cVern&¢t & Support Co$is Oihtr ehwrtt4blt 4ctivlti¢s Subsidiary Lndenaking.. Mary Anne Mi('rllcken Foundaiion Gr1 152.396 101,089 63.387 7.604 1,301,325 872.951 6 SIAlf eoitl Thc a88regBie pa>ToII LO%1$ ii'ere ag follow'i.. WaMe8 and silarits 397.801 Oihtr st&ff ¢ost5 1.900 399.701 The )verage numbcr (If pcrsotts cmployed b) the ¢umpany linEludin¥ dir¢itvr$l durin8 th¢ y¢ir. was 19 12024.. 161. One emplo>'ee received total emolumenis of £72,395. No other employec reccived ¢molum¢nts cf morr Ihan £60,000 during thr yc¥. 7 TAxatlon Belfas1 Charitable Society 15 a re8llt¢red chaTity is therefor¢ cxempt fTom taxatiDn. Pa8e 32
Belfast ChRritable Society Notw to the Financial St•tements for the Y¢4r Ended 30 September 2025 8 Tanble lixed aivts Group L•nd and bulldlnii Flxturts And Total Coil Al l October 2024 490.000 1.877,734 2.367,734 AI 30 SepiembeT 2025 4.000 1.877.734 2.367,734 DepreelAIloD Al l (k-tobcr 2024 Char¥¢ lor ihc yeur AI 30 September 2025 27.474 4,800 1,793 $77 15.092 24.892 I.BO8,669 1.84$ 943 Nei book vAlut AI.10 September 2025 452 726 69.065 521.791 AI 30 September 2024 462 526 £46,681 9 Flxed amel Inve•tm•nti Gtr0p 3025 2024 Investments Inv¢s¢m¢rti properties 5.607.321 5.550,000 4.0 I f>.722 .$50.000 10.566.622 Invtstmtnts I'ot•l C.'oit or ValuAtbon At l O¢tober 2024 5.016.722 AI.70 Sepiembcr 2025 5.607,321 Nei book vilu¢ AI 30 Sepiember 2025 AI 30 5eptembrr 2024 4.6a7.321 S Illb 722 Page 33
Belfast Charitable So¢iety 'otes to the Finllneial Stxtem¢nt$ for the Year Ended 30 september 2025 Other investments Total Co$t or V8luition At l Oci¢)ber 2024 5.550.000 AI 30 Sepiernbcr2025 5.550 000 ei book v8lut Ai ]() September 2025 5 550,000 AI 30 Scptember 2024 5 550 000 10 Dtbtts Cjroiip Chqrtty 2025 2024 2025 1024 Tr#dc debtors Due from group undertakings Prepayments other debio 14,435 4.1.792 7.0.18 27.102 51.239 27.4Y6 48.325 51.554 4.562 4,562 48,354 52.890 I I Creditori: arnounts f411inE due Trlthin Dn¢ yegr Group Charity 2025 2024 2025 2024 Trade cr¢ditors Trading subsidiarn corporaiion i pllvable Other crcditOT5 Ac¢Tua15 & Dcfcrred income 12,258 2,095 9.922 103 2.042 85.4)6 57.100 156 836 85.436 17.768 50.<06 Page 34
Belfast ChxritAble Society Note4 to the FinDcial StAtements for the Year Ended 30 September 2025 12 Credlton: fllShi fter ohe yr Group Cbarliy 2015 21124 2025 2024 Other loang 31.914 37.466 13 Fllnds Group G8Lns on inve.¥trnent Balance gt 30 prop¢rty .Sepl¥mbtr 2024 B8lanee ai I O¢tobEr 2024 Intoming rertS Rtsouree txptnd¢d I'nrcstrloled CreA¢ral 13,649.007 1.504.516 11.24Y.7841 390.917 14.294.650 Re5trictEd fundJ 469,522 200.538 1220.7101 449.350 Tot&1 funds 14.118.529 1.705 054 1470 494 -i()0.917 14.744.D06 on Balance ¥¢ I 0£tr 2023 IneoThin8 rt*ources Resouree$ expended rtwaluation of assets Blance at JO September 2024 LnTeStricted fund5 (tsen¢rnl 12,774,490 1.159.914 1918,2161 612,819 13.649,007 Restricted funds 413.690 145.628 L89.796J 1.079.577 469._522 Total funds 14.119.945 1.715,286 6_12.819 14.118.-529 14 Analyjii of net futtdi Group At l October 2024 FlnanciD% C•5h Al 30.%epiembtr flpws Cash ai bank and in hand i.048.01 s 108.725 146.742 Net d¢bi -h.043.D18 10¥.724 -156.74-, P¢ 35