**Registered Charity Number: 109053**
**BELFAST MULTI CULTURAL ASSOCIATION REPORT & FINANCIAL STATEMENTS**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2023**
**BELFAST MULTI CULTURAL ASSOCIATION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
||Page|
|---|---|
|**Charity Information**|1|
|**Report of the Trustees**|2-5|
|**Independent Examiners Report**|6|
|**Statement of Finincial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9-13|
## **BELFAST MULTI CULTURAL ASSOCIATION**
## **CHARITY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023**
## **Chairman**
Mr Mohammad Ali
## **Trustees**
Mr Muhammad Atif Mr Murad Khan Mr Asim Sattar Mr Syed Ahsan
## **Registered charity number**
109053
## **Principal and registered office**
38 Wellington Park, Belfast, BT9 6dn
## **Accountants**
RR Accountants UNIT-2B 1-7 HILLVIEW ROAD BELFAST BT14 7BT
Page 1
## **BELFAST MULTI CULTURAL ASSOCIATION**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2023**
The trustees are pleased to present their annual report together with financial statements of the charity for the period ended to 31 August 2023
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Mission and strategic objectives**
BELAFST MULTI CULTURAL ASSOCIATION is a charity which works mainly in Northern Ireland. Our aim is to alleviate poverty and provide essential resources to individuals and families in need through the distribution of food, furniture, and clothing, and to offer timely support and relief in the face of natural calamities. We ensure that every individual and family facing food insecurity has access to nutritious and sufficient food by offering food bank services. BMCA also offer essential furniture to help create stable and comfortable living conditions for those in need by our furniture bank division.
Our clothing bank supply appropriate clothing for all seasons and needs, ensuring dignity and warmth for every recipient. In case of natural calamities our objective is to Provide immediate and long-term support to communities affected by natural disasters, including emergency relief, rebuilding efforts. The aim for future years is to increase further the fund-raising events of the charity, continue to
provide assistance in areas of most need, and ensure long term programs are implemented where necessary, to give aspirations and hope to those less fortunate.
## **Our Volunteers**
The charity gratefully accepts help of its 4 -20 Volunteers who helps the charity on a daily or events purposes. Belfast Multi Cultural Association relies on local volunteers and actively encourages members of the public to contribute their time and wealth to the furtherance of its objectives through organized events.
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## **BELFAST MULTI CULTURAL ASSOCIATION**
## **TRUSTEES' REPORT ( CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## **Financial review**
The Trustees are pleased with the financial performance of the charity for the period ended to 31 August 2023.
The results of financial statements show a net excess of £221,123.72 in current financial year, BELFAST MULTI CULTURAL ASSOCIATION benefited from receiving an increased number of donations from smaller donors. Consequently, the trustees are pleased with the performance of fund raising activities for the first year.
## **Reserves policy**
The management has examined the charity’s requirements for reserves in light of the main risks to the organization and agreed current reserve to be sufficient for foreseeable future requirements.
## **Growth**
To enable the charity to grow, focus on leadership and staff training will be paramount. Increasing the charity’s volunteer donor base will be actively pursued, allowing us to reach a wider network, creating better public awareness of the charity’s work around the world.
Charity will mainly reply on a Tv channel donation comparing which was very successful in the current year.
## **Growth**
To enable the charity to grow, focus on leadership and staff training will be paramount. Increasing the charity’s volunteer donor base will be actively pursued, allowing us to reach a wider network, creating better public awareness of the charity’s work around the world.
Charity will mainly reply on a Tv channel donation comparing which was very successful in the current year.
Page 3
## **BELFAST MULTI CULTURAL ASSOCIATION**
## **TRUSTEES' REPORT ( CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## **Structure, Governance and Management**
The Directors of the Charitable Company are its Trustees for the purposes of charity law. The Trustees and Officers serving during the year and since the year end were as follows
Mr Mohammad Ali Mr Muhammad Atif Mr Murad Khan Mr Asim Sattar Mr Syed Ahsan
The Senior Management Team takes day to day responsibility for operational management of the Charity. During the year the Senior Management Team comprised the following key individuals
Mr Mohammad Ali – Chairman
## **Appointment of trustees**
The Board of Trustees consists of local people that collectively have the skills, expertise and experience to ensure that the Charity is managed effectively.
Where a vacancy arises a new trustee is appointed only by the passing of a resolution of the Board of Trustees.
## **Organization**
The Board of Trustees administers the Group. A General Meeting is held every calendar year as an Annual General Meeting - All General Meetings, other than Annual General Meetings, shall be called Extraordinary General Meetings.
The Board may call whenever they think fit to convene an Extraordinary Meeting.
The Board of Trustees includes a range of individuals with the appropriate knowledge and experience, external advisors may be engaged, be they paid or voluntary, where the Board deem it necessary to support them in their role.
Senior Management Team are appointed by the Trustees to manage the day-to-day operations of the Charity.
Page 4
**BELFAST MULTI CULTURAL ASSOCIATION**
## **TRUSTEES' REPORT ( CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023**
## **Related parties and co-operation with other organizations**
None of our Trustees receive remuneration or other benefit from their work with the Group. Any connection between a Trustee and member of the Senior Management Team, a supplier, funder, supporter, organization working collaboratively with or beneficiary of the Group must be disclosed to the Board of Trustees in the same way as any other contractual relationship with a related party, trustees are not aware of any such connection between during the year in question.
## **Risk Management**
Trustees are very aware of the risks involved in working abroad and take measures to ensure project delivery arrives on time, as described in the project proposals and to the correct end beneficiaries.
- Reviews are made of the risks operating abroad.
- Feedback reports inclusive of Written, Video and photo documentation is required for every project the charity undertake
- We closely monitor conditions within the beneficiary countries, only delivering funding through the banking system with receipts and accounts issued
- Internally risks are controlled with procedures put in place to control, all transactions handling of cash and cheques and data protection and compliance with Health & Safety of staff and volunteers, clients and visitors to the shops and offices.
- Procedures are periodically reviewed to ensure they meet with the charity needs.
Page 5
## **BELFAST MULTI CULTURAL ASSOCIATION**
## **INDEPENDENT EXAMINER S' REPORT TO THE TRUSTEES OF BELFAST MULTI CULTURAL ASSOCIATION FOR THE YEAR ENDED 31 AUGUST 2023**
I report on the accounts for the period ended to 31 August 2023 set out on pages nine to sixteen.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- . examine the accounts under Section 145 of the 2011 Act
- . to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- . to state whether particular matters have come to my attention
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- 1- which gives me reasonable cause to believe that, in any material respect, the requirements
- - to keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
- 2- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mazher S Aslam RR Accountants
Page 6
**BELFAST MULTI CULTURAL ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
|**Notes**
**Income**
**Donations**
Donations and grants
**3**
**Income from charitable activities**
Other income
**3**
**Total income**
**Expenditure**
Expenditure on raising funds
**4**
Expenditure on charitable activities
**4**
**Total expenditure**
**Net income before taxation**
**Taxation (charge)/ credit**
**5**
**Net movement in funds**
Total funds brought forward at 31 August 2023
**Total funds carried forward at 31 August 2023**|
**Unrestrcited**
**2023**
**Funds**
**Total**
10,451
10,451
224,750
224,750.00|
|---|---|
||**235,201**
**235,201**|
||6,700
6,700
7,377
7,377|
||**14,077**
**14,077**|
||**221,124**
**221,124**|
||-
-|
||**221,124**
**221,124**|
||**-**|
||**221,124**
**221,124**|
Page 7
## **BELFAST MULTI CULTURAL ASSOCIATION**
## **BALANCE SHEET AS AT 31 AUGUST 2023**
|**NET CURRENT ASSETS/(LIABILITIES)**
**FIXED ASSETS**
Tangibleassets
Notes
6
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
Reserves
Unrestricted Funds|**2023**
£
-
237,961|
|---|---|
||**237,961**
16,837|
||221,124
221,124|
||**221,124**|
The financial statements were approved by the board on …[0] …[3/] …[07] …[/2] …[02] …[4][ ........... ] and signed on their behalf by:
**Mr Muhammad Atif Trustee**
Page 8
**BELFAST MULTI CULTURAL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **1. Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows
## **Company information**
The charity is registered in Northern Ireland with the Charity Commission. The registered office is 38 Wellington Park, Belfast, BT9 6dn
## **1.1 Accounting convention**
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102) (effective 1 April 2021) ("Charities SORP (FRS102)"), the Financial Reporting Standard applicable in the UK (FRS 102), the Companies Act 2006 and the Charities Act 2011
BELFAST MULTI CULTURAL ASSOCIATION meets the definition of a public benefit entity under FRS 102
Assets and liabilities are initially recognized at cost or transaction value unless otherwise stated in the relevant accounting policy notes
On the grounds that the charity comes under the definition of small charities the charitable company has taken advantage of certain exemptions conferred by section 1.11 of FRS102 as follows
Exemption from disclosing the carrying amounts of each category of financial assets and financial liabilities at the reporting date as required by section 11.41 of FRS 102.
Exemption from presenting a charitable company statement of cash flows as a primary statement to the financial statements
## **1.2 Going concern**
The Trustees have at the time of approving the financial statements a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. In addition, the Trustees have no intention to wind the company up in the foreseeable future. It is considered that there are currently no material uncertainties which impact on the charity being able to continue in its current form. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements
## **1.3 Income**
Income is recognized when the charity has entitlement to the funds, any performance conditions attaching to the item(s) have been met, it is probable that the income will be received and the amount can be measured reliably. Income from grants is recognized when the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. Where grant income has been received, but the charity has not matched the conditions to become entitled to the income, an income deferral is made
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**BELFAST MULTI CULTURAL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2023**
## **1.4 Fund accounting**
Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for a particular purpose. Trustees have not classified any funds received as restricted till now
## **1.5 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been apportioned on a basis consistent with the use of the resources
The cost of raising funds includes fundraising event costs, direct campaigns, general information and public relation costs and their associated support costs
Expenditure on charitable activities relates to grants awarded and associated support costs Irrecoverable VAT is charged as a cost against the activity for which expenditure was incurred
## **Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administration, finance, human resources, information systems and governance costs which support the services provided to beneficiaries
These costs have been allocated between the costs of raising funds and expenditure on charitable activities on the basis set out in note 4
## **1.6 Tangible fixed assets**
It is a policy of the trustees that individual items with a cost below £300 are not capitalised. Depreciation is provided at the following rates and bases to write off the cost of tangible fixed assets over their estimated useful lives by annual instalments, with a full year’s charge in the acquisition year and no charge in the year of disposal:
Depreciation is charged @ 20% reducing balance on Computer and equipment
## **1.7 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. Bank overdrafts are shown within borrowing in current liabilities
## **1.8 Taxation**
BELFAST MULTI CULTURAL ASSOCIATION is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising
Page 10
**BELFAST MULTI CULTURAL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2023**
## **2. Allocation of support costs**
Support costs are allocated between the various activities of the charity based on an estimate by management of time spent by employees on each activity. Some employees have roles which support more than one activity. The allocation of these costs are considered to be critical to the accounts because they have the ability to materially alter the allocation of costs between expenditure on raising funds and expenditure on charitable activities
|Donations & Non -Performance Grants
DonationsReceived
OtherIncome
**4**
**Expenditure on raising funds:**
Fundraising Costs
Rent
**4**
**Expenditure on charitable activities:**
Health , Education, Skill development
Widows . Orphan support
Emergency and natural disaster
**3. Income**
**Total expenditure**|10,451
224,750
**235,201**
**Direct**
**Allocated**
**Costs**
**Costs**
**£**
-
6,700.00
**Unrestricted**
Income|10,451
-
**10,451**
**Total**
**2023**
**£**
-
**Total**
**2023**|
|---|---|---|
||**6,700**
**-**|**-**|
||**Direct Cost**
**Allocated cost**|**Total**
**2023**
-
-
-
-
**-**|
||-
-||
||||
||**6,700**
**-**||
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## **BELFAST MULTI CULTURAL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **Support Cost**
Support costs in the current year have been allocated based on an estimate, by management, employment costs are based on time spent by employees contributing to each activity. Support costs have been allocated as follows
||**Employment**|**Premises**|**Administratio**|
**Total**||
|---|---|---|---|---|---|
||**costs**|**costs**|**costs**|**2023**||
||**£**|**£**|**£**|**£**||
|**Donations campaign**|-|-|-||-|
|Health, Education, Skill development||||0||
|Widows . Orphan support||||0||
|Emergency and natural disasters|5,000|||5,000||
|Misc|2,377|||||
||7,377|0|0|5,000||
## **5 TAXATION**
The charitable activities of BELFAST MULTI CULTURAL ASSOCIATION are exempt from taxation under Chapter 3 of p of the Corporation Tax Act 2010.
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**BELFAST MULTI CULTURAL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued AS AT 31 AUGUST 2023**
|-
-
-
**-**
**6 TANGIBLE FIXED ASSETS**
**Computer**
**Equipment**
**Cost b/f**
Additions
At 30 Sep 2023
**Depriciation**
Depreciationb/f
Charge for the year
**NET BOOK VALUE**
30/09/2023
30/09/2022|**Motor Vehicle**
-
-
-
-
-
-|**Total**
-|
|---|---|---|
|||-|
|||-
-|
|||-|
||||
|||-|
|||-|
|art 11
**7 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR**
Trade Creditors
other Creditors
Taxes & Social Security|16837
**2023**
£|
|---|---|
||16,837|
## **8 Post Balance Sheet Events**
There are no post balance sheet events to report
## **10.Related party transactions**
There was no related party transaction to report in 2023
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**BELFAST MULTI CULTURAL ASSOCIATION**
## **PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023**
|Donations Given
Rent
Legal & Professional
Bank charges
**Profit/Loss Account**
DonationsReceived
Other income
**Sub Total**
**Expenses**
**Sub Total**|**2023**
10,451
224,750|
|---|---|
||**235,201**|
||5,000
6,700
2,335
42|
||**14,077**|
|||
||**221,124**|
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