Company Ro9l¥tratlon No. N1662065 (Northarn lrnland) MARY ANN MCCRACKEN FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JO SEPTEM8ER 2023
MARY ANN MCCRACKEN FOUNDATION CONTENTS P•ge Charty information Trustees, report Independent examlnerfs report Statemenl of financial activities Balance sheet Nol8S to the finanrial Slalemenls 9-14
MARY ANN MCCRACKEN FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trust808 Mrs Norma Sinte (Chairperson) Mr David Watters Mr Colin Graham Ms Diane Graham Mr Les Allamby Mrs Angila Chada Dr Margaret Ward Secrotary Ms Paula Reynolds Company number N1662065 Registered offlce Clrfton House 2 North Queen Street Belfast BT15 IES Independent examlner Moore (N.I.) LLP 4th Floor Donegall House 7 Donegall Square North Belfasl BT1 5GB
MARY ANN MCCRACKEN FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees, who are also trust8es for purpose of company law, present their report and financial slatements lor the year ended 30 Seplember 2023. The financial statements have been prepared in accordance with the acUntIng policies set out in Note 1 to the financial statemenls and comply with the Foundation's Memorandum and Articles of Associalion, the Companies Act 20CI8 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R8POrting Slandard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 2019)" ObJe¢llvo• and activltles The Mary Ann Mccracken Foundation was incorporated on 6 June 2019 by Belfast Charitable Society (8CS), which is the sole mernber of the Foundalion. BCS was set up in 1752 10 address povaty and look after the poor of the lown. 11 did so by building the original poor house and first hospital in Belfast. This btsilding. Clifton House, was opened in 1774 and remains today as the cty's oldest working building with the organisalion being the oldest charity in Northern Ireland. The Society continues to address poverty and disadvanlage and, until March 2018, proifjded care for older people in a residential setting in Clifton House. The objects of the Mary Ann Mccracken Foundalion as set out in Its Memorandum and Article5 are.. To advance education of the public aboLJI the lrfe and works of Mary Ann Mccracken. a leading social reformer and philanthropist, by any charilable means as the directors shall conslder appropriate. b. In the spirit of the legacy and work of Mary Ann Mccracken, to advance education, to prevent or relieve poverty, to advance human righ15 and promote equ81ity in any part of the world by any charitable mean5 as the directors shall consider appropriate and lo further any other purpose whlch is exclusrvely charitable according to the law ol Northern Ireland. The trustees have paid due regard lo guidance issued by the Charity Commission For Northem Ireland in deciding what activities the Foundation should undartak•. Achi•vem•nts and perforniance The folk)wing achievement5 and performance raflecl tha main expenditure in the year. Blrthd•y Evant: To celebrate Mary Ann's birthday, the Foundation hosted the evenl 'The 'Two Marys In Conversation.. focussing on the lives of Mary Ann Mccracken and Mary Wollstonecraft. This event featured the Development Coordinalor in conversation with Bee Rowlatt, former B8C joumalist and Trustee of the Wollstonecraft Society. The aim of the free event was to introduce new audiences to Mary Ann whilst also demonslraling her relationship lo wider 181b century thought and politics. The event was attended by 79 individuals, many of whom had never attended a Foundation event previou81y. The event has also direclly led lo a new walking lour which is scheduled to begin in March 2024. L•unch of P•pert>ack Blography: The Foundation launched the paperback edition of Mary McNeill's biography of Mary Ann Mccracken on 8 March 2023 to coincide with Intemational Women's Day. Tour¥: From October 2022 - S8ptember 2023, 20 walking tours were held. The Foundalion also hosted private tours for staff of Killyleagh Integrated Primary School, and studen15 from Howard University in Washington, DC. The Foundation received fvnding from Belfast City Council, which allowed il to offer a free walking lour as part of the 2023 Festival of Learning. The Foundation created a sold-oul tour based on the lives of Mary Ann and her biographer Mary McNeill as part of the 2023 Look North! Feslwal. Elementy of this tour will be incorporated into an exhibition of Mary McNeill at Clifton House.
MARY ANN MCCRACKEN FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Talks, Events & Media Engagement: From October 2022-September 2023, Foundation staff delivered private talks on the life and legacy of Mary Ann Mccracken from Antrim and Knock Probus. along with the Irish Federation of University Women. Foundation staff were inlerviewed on the Lynette Fay Show on BBC Radio Ulster about the ' Two Marys. In Conversation Evenl, on 14 June, and its work with Anaka Women's Collective on National Poetry Day, 5 October. The 'Two Marys, event was covered as part of a larger piece On Belfast Charitable Society in ScopeNI. Foundation staff were also featured in an episode of the B8C Nl show 'A Stitch Through Time, Worklng Wlth Others to Share Mary Ann's Story: From October 2022-September 2023, the Foundation partiGipated in Ihe Look Northl Festival, Beltsst Festival of Leaming, Cathedral Quarter Arts Festival, and Féile an Phobail to share Mary Ann's story with a wider audience. ac and work of Ann Mary Ann Mccracken Post Primary Bursaries: These bursaries, named in honour of Mary Ann by the Belfast Charilable Society. are disbursed by the12tter. They are funded through a partnership of grants from the Society. the James Kane Foundation. Hunter Smyth Fund and this Founoation. In the year 64 student5. from 12 schools across North Belfa51, were awarded bursaries to support their progression from School to higher education or employment. Costs covered included those associated with education e.g.. course equipment, travel and living expenses, and apprenticeships within the construction and electrical industries. Pllot Project with Anak• Women'8 Collactlve". In 2023. the Foundation received funding from BeMast Charitable Society to pilot a poetry project wilh Anaka Women's Collective. a local grassroots organisation led by, and for, women with experience of the asylum system. Through a series of four workshops, participants were introduced to Mary Ann Mccracken, and were invited to consider how her story might relate to their own lives. Participants then worked with local poets and artists to create individual and group poems and artwork to express Mary Ann's legacy, and whal issues she would champion were she alive today. Flnanclal revlew The Foundation receives an annual grant of £5,000 from Belfast Charitable Society. During the financial year 2022- 23, it received a further £10,000 from Belfast Charitable Society to pilot a project with Anaka Women's Collective. It secured additional income through tickels and book sales, as well as donations. Plans for future perlods The Foundation has committed lo a strategic planning process and produced an operational plan for the financial year 2023-24 that will further ¢onlribute to the Foundation's objects as sel out in ils Memorandurn and Articles. Addrtionally, the Foundation has committed lo supporting the production of the play, 'Mary Ann. The Forgotten Sister, by Kabosh Theatre. The Foundation has also planned events lo coincide with Belfast City Council's unveiling of its statue of Mary Ann Mccracken in earfy 2024.
MARY ANN MCCRACKEN FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 structure, govem•nce and m•nagement The Foundation was accepted by the Charity Commi38ion for Northem Ireland on 17 August 2022 (R8gistration No.. 10885n Th8 Foundation is a company limited by guarantee nol having share capital it 1$ registered in Northem Ireland (Registration No.. N1662065). rnin The Memorandum and Articles, as above, govern the Foundation. The Foundation'8 directors (who act as Irusteeg) and officers, elected by the Foundation al the AGM, guide the actNit18s of the organisation through quarterty meetings that are circulated to 8CS Board for noting. in IDir New direclors receive the Govemance policies and procedures, strategic and operational plan and memorandum and articles during their induction. No director received any remuneration in the year and conflicts of interest were declared as appropriate. Risks aro ¢onsidorgd a8 part ol the wider 8CS risk management process and noled on it8 risk règi#ter. It is the Board's objective to accumulate Suffioenl reserves to enable the Foundation to have continued securSty over Ils operating actlvitles. Reserrfes in excess of Ihis will be used for specrfic project5 in the future as and when the Board deem appropriate. nv NIA al thls lime. The trustees, who are 8180 the dIreor5 for the purpose of company law, and who ser4ed during the year and up to the dale of signature of the financial statements were.. Mrs Norma Slnle {Chairperson) Mr David Watters Mr Colin Graham Ms Diane Graham Mr Les Allamby Mrs Angila Chada Dr Margaret Ward
MARY ANN MCCRACKEN FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Public Benèfit The Mary Ann Mccracken Foundation created high levels of public benefit through its key activities (see 'Achievements and performance. section for more delaill. In this year, this can be evidenced through.. its continued prornolion of equal access to further and higher education via ils posl primary and PhD bursaries,. talks, tours, and other public engagement- and by supporting other organisalions to directty serve those affected by poverty andlor discrimination. Grant Maklng Pollcy The Mary Ann Mccracken Foundation continues to support the work of others who are involved in projects identified as being in the spirit of M8ry Ann's legacy. It does not run an open grants programme bul instead looks at ways that its financial sUPPOrt can invest and transfo while making the mosl positive impact e.g. bursaries awarded to PhD students in Ulster University, researching ways to improve the lives of others using arts and 'big data,. Indep6ndent Examiners Further to a competitive lender process Moore {N.I.I LLP were appointed as independent examiners lo the Foundation and in accordance with the Charities Acl (Northern Ireland) 2008 and Charities Act INorthern Ireland) 2013. Ststsment of the Foundation's re8ponslbilitios The Foundation is required to prepare finanual slatemenls for each financial year which give a true and fair view of the slate of affairs of the Foundation and of the surplus or deficit of the Foundation for that period. In preparing those financial statements, the Directors are required lo.. select su¢lable accounting policies and then apply them consislenlly., make judgements and estimates that are reasonable and prudent.. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Foundation will continue in operation. Thè Foundation is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Foundation.11 is also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disdosure to Independent Examiner.. so far as the Foundation is aware, there is no relevant information of which the Society's indepèndent examiners are unaware. Addrtionally the Foundalion ha5 taken all necessary steps to make itself aware of any relevant information and to establish that the Society's independent examiners are aware of that information. The trustees. report was approved by the Board of Trustees. Mrs Noma Sinte (Chairperson) Trustee Date..
MARY ANN MCCRACKEN FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARY ANN MCCRACKEN FOUNDATION I report to the trustees on my examination of the financial statements of Mary Ann Mccracken Foundation (the Foundation) for the year ended 30 September 2023. Respective rnsponsibilities of trustees and examiner The trustees of the Faundalion. who are also ils diredors for the purposes of cornpany law, are responsible fof the preparation of the financial statements in accordance with the requirements of the Companies Acl 2006. Having satisfied myself that the Foundation is not subject to audit under company law and is eligible for independent examination, it is my responsibility lo. examine the accounts under section 65 of the Charities Act follow the procedures laid down in Ihe general directions given by the Charity Commission for Northem Ireland under section 6519llbl of the Chanlies Act to state whether particular matters have come to my attention. Basis ol Ind•pendont oxaminerfs rgport I have examined the Foundations, accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charities Commission for Northem Ireland under section 65191(bl ol the Charities Act. The examination included a review of the accounting rerdS kept by the Foundation and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as the Foundations trustees conrnIng any suth matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. 1. That arxounting recnrds were nol kept in accordance with sedion 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not compty with the accounting requirements ol section 396 of the Companies A¢t 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in thr UK and Republic of Ireland 4. That there is further information needed lor a proper understanding of the accounts to be reached. Independent examlnerfs Ststement In connection with my examination, no matter has come lo my attention.. (al which gives me reasonable cause lo believe that un any material respect thè requirements.. to keep accounting rerdS in accordance with section 386 of the Companies Act 2006., and to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities.. have not been mel or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached (b) É9fkn< Dr R I Peters Gallagher OBE FCA Moore (N.I.) LLP 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB Dated. ILM.Gir.4 z07
MARY ANN MCCRACKEN FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrlcted Unrestricted fund8 funds 2023 2022 Notes ncome from: Donations and legacies Charitsble aGtivities 15,199 5.035 12,634 4.966 Total income 20,234 17,600 Ex endlture on: Charilable activities 16,531 15,992 Net income for the yearl Net movement In fund8 3,703 1,608 Fund balances at 1 October 2022 6,338 4,730 Fund balances at 30 Sgptsmbgr 2023 10,041 6.338 The statement of financial activtties includes all gains and losses COgnised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure denve from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
MARY ANN MCCRACKEN FOUNDATION BALANCE SHEET AS AT 30 SEPTEMBER 2023 2023 2022 Notes Current asset• Stocks Debtors Cash at bank and in hand 10 11 347 3,867 5,827 3,867 3,071 10,041 6,938 Credltor8: amounts falllng due wlthln one year 12 {6001 Net current assets 10,041 6,338 Income funds UntriCt0d funds - general 10,041 6,338 10,041 6.338 The company 15 entilled to the exemption from the audit requirement contained in Section 477 of the Companies Act 2006, for the year ended 30 September 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with re5peGt lo accourFlirig records ancl the preparation of financlal slalements. The members have not required the company lo obtain an audit of rts financial statements for the year in question in accordan with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies regime. The financial statements were approved by the Trustees on . 22 Mpkc4 104 Mrs Norma Sinte (Chairperson) Director Company Registratlon No. NI66206S
MARY ANN MCCRACKEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 A¢¢ountlng pollel Charlty informallon Mary Ann Mccracken Foundalion 1$ a private company limited by guarantee incorporaled in Northern Ireland. The registered office is Cllfton House, 2 North Queen Street, Belfast, 8T15. 1.1 ACCOUnTr9 conv•ntlon Th8 financ¢al statements have been prepared in accordance with the Foundalion's Memorandum and Articles of Association, the Companies Act 2006. FRS 102 'The Financial R8POrting Standard applicable in the UK and Republ of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charilies,. Statement of Rocommended Practice applicable lo charilies preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republi¢ of IreLAnd IFRS 102)" (effective 1 January 2019). The Foundation 18 8 Public Benefil Entty as defined by FRS 102. The Foundation has taken advantage of the provisions in th8 SORP for chartlies not lo prepare a Statement of C88h Fbow8. The financial itslements are prepar8d In slertlng, which Is the functional currency of the Foundation, Monetary amounts in these financial statements are rounded lo the nearest £. 1.2 Golng con¢•rn At the lime of approvlng the financial statements, the trustee5 have a reasonable expectation that the Foundation has adequate resources to continue in operational existence for the foreseeable futur8. Thus the trustees continue to adopt thé going concern basis of accounting in preparing the financial slalements. 1.3 Charltabl• lund• Unreslrictéd funds are available for use at the dl8¢retlon of the Iruslees in furtheranc8 of their charitable objeclives. Restricted funds are subjèd to spaciflc conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. Endowment funds are subject to specific conditions by donors that the Capital must be maintained by the Foundation. 1A Incom• Income is re¢ogni8gd when the Foundation is legally entitled lo it after any perforTnanGe condition5 have been met, the amount8 can be measured reliably, and rt is probable that income will be received. Ca8h don8tion8 are recognised on receipt. Other donations are recognised once the Foundation ha5 been notified of the donation, unless perfomiance conditions require deferral of the amounl. Income tax recoverable in relation to donations received under Gift Aid or deeds of Covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otherwise If the Foundation has been notified of an impending distribution, the amount is known, and receipt is expecled. If Ihe amount is not known, the legacy is treated as a contingent asset.
MARY ANN MCCRACKEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcle• (Contlnued) 1.5 Expendlture Expenditure is recognised On there is a legal or wnstructive obligation to transfer economic benefrt to a third party. it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivty. Direct C0515 attributable lo a single activlty are allocated directly to Ihal activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned betsveen those activities on a basis consistent with the use of resources. Central staff costs are alloGated on Ihe basis of lime spent, and dèpreciation charges are allocated on the portion ol the asset'5 use. 1.8 Stock• Stocks are slated al the lower ol cost and eslimaled selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the 51ock5 lo their present location 8nd condrtion. Items held for distribution at no or nominal consideration are measured thè lower of replacement cost and cost. Nel realisable value is the estimated Selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distributlon. 1.7 Ca•h and ca•h •qulval•nts Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in ¢urTenl lsabiliti•s. 1.8 Flnanclal Instruments The Foundation has elected to apply the provlslons of Section 11 'Baslc Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues. ol FRS 102 to all of its financial instruments. Financial instruments are recognised in the Foundation's balance shèet when the Foundation becomes party to the contractual provisions of the insliument. Financial assets and liabilities are offsel, with the net amounts presentèd In the financial slatemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an Intention lo settle on a net basis or to realise the asset and settle the liability simullaneousty. 8asic flnanelal assets Basic financial assets, which include deblors and cash and bank balaneej, are inrtially mea8ured 8t transaction price including transaction costs and are subsequently carried at amortSsed wst Using the effective interest method unless the arrangement constilules a financing Iransa¢lion, where the Ir8n5action is measured al the present value of the future receipts discounted at a markel rate of interest. Financial assets lassified as reGeivable within one year aro not amortl8ed. 10-
MARY ANN MCCRACKEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting policlos Icontinuedl Basic financlal liabilities Basic financial liabilrties, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities ctassified as payable wilhin one year are not amortised. Debt instruments are subsequently carried at amortised cos1. using the effective interest rale melhod. Trade credilors are obligalions to pay for goods or se[Vi$ that have been acquired in the ordinary course of operalions from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If nol, they are presented as non-current liabilrties. Trade creditors are recognised initially al transaction price and subsequenlly measured at amort15ed cost using the effe1ve interest method. Derecognitlon of financial Ilabilities Financial liabilities are derecognised when the Foundation's contractual obligations expire Of are discharged or canGell#d. Critical accounting estimates and judgements In the application of the Foundation's accounting policies, the trustees are required to make judgements, estimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from oth8r sources. The estimates and associaled assurnptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales a reGognised in the period in which the estimate is revised where the revision affects only ihal period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds general general 2023 2022 Donalion5 and grftS Grants received 199 15,000 1,634 11,000 15,199 12,634 11
MARY ANN MCCRACKEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Charltsbl• activities Ch•rltable Charltable Income income 2023 2022 Talks, tours I sale of books 5,035 4.966 Charitsbl• •ctlvltl•• Charitable Charitsble Expondlturn Exp•ndlturg 2023 2022 Purchases Raising awareness - events Sundry expenses Lecluregnalks Advertising Grants 8,288 1,299 119 4,537 769 600 3,496 6,000 492 6,333 16,631 15,392 Share of govemance colts (see note 8) 600 16,631 15,992 Support costs Support Gov•rnanc• colts ¢o•t• 2023 2022 Accountancy 600 600 Analy5ed beeen Chantable activities 600 Governance costs indudes paymenls to Ihe independent examiners of £600 for independent examination fees. 12-
MARY ANN MCCRACKEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Tru8toe• None of the trustees (or any petson8 connected with them) received any remuneration or benefts from the Foundation during the year. Employ•o• The average monthty number of employees during the year was.. 2023 Number 2022 Number Total There were no amployees whose annual remuneratlon was more than £60,000. R•mun•rntlon of k•y m•nag•m•nt p•r•onn•l The remunerallon of key manag8m8nt P8rBonnel Is as follows. TAxatlon The tharity is exempt from taxation on it8 acliviti8s because 811 its income is applied for charitable purposes. 10 Sto¢k• 2023 2022 8ooks 347 11 D•btorn 2023 2022 Amounts f•lllng du• wlthin ono y•ar: Other debtors 3,867 3,867 12 Cr•dltorn: amount• lalllng duo wlthin one year 2023 2022 Accruals and deferred income 600 13-
MARY ANN MCCRACKEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 13 Unrestrictsd funds The unr8Stricted funds of the charity compnse the unexpended balances of donation8 and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purp0889. At 1 October 2022 Incoming R•oource• At30 ro•ource8 •xpèndod Soptombèr 2023 General fund5 6,338 20,234 (16,531) 10,041 Prnvious year: At 1 Oetob•r 2021 Incomlng Re8ource• At30 rn•ources •xpend•d September 2022 General fund5 4,730 17,600 (15,992> 6.338 14 Relatsd party trnns•ctlon8 Tran8actlon8 wlth rnlal•d partlej Durin9 the year the Foundation entered into the following transactions with related partlès.. Belfast Charitable Society is a charty with which the Foundation shares common trustees. The Foundation is wholly owned by thè Society. At the early stage of the Foundation's operation, ils funds were held and managed by the Society. The Foundation opened rts own bank account In August 2021.. and now manages it's own funds. During the financial period ended 30 September 2023 8eNa5t Charitable Society received net incorne lotalling £012022.. £3,000) on behalf of thè Foundatlon. A balance of £3,000 (2022: £3,000) remains outstanding al the year end and is included within debtors. 14-