2024-08-17-accounts

REGISTERED CHARITY NUMBER: 109053

Report of the Trustees and

REPORT & FINANCIAL STATEMENTS

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

BELFAST MULTI CULTURAL ASSOCIATION

BELFAST MULTI CULTURAL ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

	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
Detailed Statement of Financial Activities		14

BELFAST MULTI CULTURAL ASSOCIATION

CHARITY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2024

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 2

BELFAST MULTI CULTURAL ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2024

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 2024 Total funds carried forward at 31 August 2024	2024 Unrestricted Fund £ 59,908 59,908 6,039 4,198 10,236 49,672 49,672 221,124 270,796	2023 Unrestricted Fund £ 10,451 224,750
		235,201
		6,700 7,377
		14,077
		221,124
		221,124
		0
		221,124

Page 7

BELFAST MULTI CULTURAL ASSOCIATION

BALANCE SHEET

AS AT 31 AUGUST 2024

FIXED ASSETS Notes Tangible assets 6 7 CURRENT ASSETS Debtors Cash at bank and in hand Advances & Deposits CREDITORS Amounts falling due within one year NET CURRENT ASSETS/(LIABILITIES) Reserves Unrestricted Funds	2024 7,633 280,000 287,633 16,837 270,796 270,796 270,796	2023 0 0 237,961
		237,961
		16,837
		221,124
		221,124
		221,124

The financial statements were approved by the Board of Trustees on ……………….. and were signed on its behalf by:

MUhammad Atif ~~MUhammad Atif (Sep 29, 2025 13:33:4~~ 3 GMT+1) Mr Muhammad Atif-Trustee

Page 8

BELFAST MULTI CULTURAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

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.

Page 9

BELFAST MULTI CULTURAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

AS AT 31 AUGUST 2024

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 2024

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.

3. Income Donations & Non -Performance Grants Donations Received Other Income 4. Expenditure on raising funds: Fundraising Costs Rent 5. Expenditure on charitable activities: Health , Education, Skill development Widows . Orphan support Emergency and natural disaster Total expenditure		Unrestricted Income 2024 59,908 59,908 Direct Costs 3,371 2,668	Unrestricted Income 2024 59,908 59,908 Direct Costs 3,371 2,668	Allocated Costs	Allocated Costs	Total 2023 10,451 224,750 235,201 Total Total 2024 2023 3371.15 0 2667.5 6,700
			6039		0 6039 6700
			Direct Costs 4,198	Allocated Total Total Costs 2024 2023 0 4,198 7,377
			4,198		0 4,198 7,377
			10,236		0 10,236 14,077

Page 11

BELFAST MULTI CULTURAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

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.

Donations campaign Health, Education, Skill development Widows . Orphan support Emergency and natural disasters Misc		Direct Costs 3,150 1,048	Premises Costs	Premises Costs	Administration Total Total Costs 2024 2023 0 0 3,150 5,000 1,048 2,377	Administration Total Total Costs 2024 2023 0 0 3,150 5,000 1,048 2,377
		4,198		0		0 4,198 7,377

5 TAXATION

The charitable activities of BELFAST MULTI CULTURAL ASSOCIATION are exempt from taxation under Chapter 3 of the Corporation Tax Act 2010.

Page 12

BELFAST MULTI CULTURAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued AS AT 31 AUGUST 2024

6 TANGIBLE FIXED ASSETS

Computer Equipment Cost b/f 0 Additions 0 At 31 Aug 2024 0 Depriciation Depreciation b/f 0 Charge for the year 0 0 NET BOOK VALUE 31/08/2024 0 31/08/2023 0 7 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 2024 Trade Creditors 0 Other Creditors 16,837 Taxes & Social Security 0 16,837		Motor Vehicle 0 0 0 0 0 0 0 0 2023 0 16,837 0 16,837	Total 0 0
			0
			0 0
			0
			0 0

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 2024

Page 13

BELFAST MULTI CULTURAL ASSOCIATION

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Profit/Loss Account Donations Received Other income Sub Total Expenses Donations Given Direct Costs Rent Rates Telephone Light & Heat Legal & Professional Bank charges Sub Total	2024 59,908 0 59,908 3,150 1047.5 2,668 162.32 179.64 391.43 2,638 0 10,236 49,672	2023 10,451 224,750
		235,201
		5,000 0 6,700 0 0 0 2,335 42
		14,077
		221,124

Page 14