**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