Short Strand Partnership
IA ¢omp8ny Ilm5tod by guarant99, not havlng a 8hare capltaD
Annual Report and Unaudited Financial Statements
for the financlal year ended 31 January 2024
Quarter
Chartered Accountants
st Anne'8 House
15 Church Street
Cathedral Quarter
Belfast
BTI 1PG
Company Number: N1601974
Charlty Number: 100273

Short strand Partnership
IA company Ilmlted by guarant89, not havlng a share c8pltall
TRUSTEES. AND OTHER INFORMATION
Tru8tee8
Conor Joseph Keenan
Paul Mccrory
Agn6s McGinley
Dessle Mccabe
Bem18 Mcconnell
Charfty Number In Northern Ireland
100273
Company Reg18tratlon Number
N1601974
Reglstered Offlco and Prlnclpal Address
28A Beechfield Street
Belfast
BT5 4BQ
Indepgndent Examlnor
Quarter
Chartgrgd Accountants
st Anne's Hous&
15 Church Street
Cathedral Quarter
Belfast
BT11PG
Pilnclpal Bankgrs
Ulster Bank
Arches Retail Park
Connswatsr Link
Belfast
Antrim
BT5 4AF

Short Strand Partnershlp
IA eompany Ilmltod by uuaranteg, not havlng a sharo capltall
TRUSTEES, ANNUAL REPORT
for Ihe financial year ended 31 January 2024
Memorandum of A8soclation whlch established thé objects and powers of th8 company and Is governed under its
Artides of Association.
Appolntmenl of truslees..
The Chaimian and the Trustees ￿0Mmend n8w Tru8tee$ as needed. Nw Truste6$ arè rècruited on the relevan
ol their skllls, and thelr polenual lo be able lo make a helpful contribution lo the gov9rnanc9 of the charity. As part of
this process they are rnade aware of a Trustees, legal obligation8 under charty and company law. the content of tha
Memorandum and Arkncles of Association, the declsion making processes, the bu$lness plan and iacenl finan¢ial
perfoman¢e of the charity. Once the potential new Trustee has agreed to be considered for appolntment they can be
co-opted by the directors until foThal voting by members occuis at the nextAnnual General Meeting.
Arrangements for 5etling pay and remungration of key management personnel
The dlrector conslders that the board, who are the charSty's trustees, and the senior management team comprlse the
key management personnel of the charity in charge of directing and controlling, running and operallng the charTrty on a
day to day basis. Al dlrectors give of Iheir lime freely and no director recelved Temuneration In the year.
Organisation structure and how charity makes declslon5
Short strand Partnership is governed by the Board. Th8 company 13 managed on a day to day basis by a senior
management team as appolnted by the Board. The Board mgel$ blmonthly, and Is appointed by the members at the
AGM. A senlor management team m8nages fhe day to day actIv￿eS of the company, and reports on compary
perfomiance to all board meetings.
Revlew of Actlvltles, A¢hl¢v¢monts and Porformance
Supporting of Salnl MattheNVs Housing Assoclatton in the provision of quallly soclal housing.
Supporting and
deliverlng of prolects lo enhance the environment and create a visual, safe pla¢e in which to Ilv8. Working wllh
various agencios on crime pr8vantion and erection of aliey gatès to provide a security for rasidents livlng di￿uY on
the Interfa￿8.
Liaising with devalopers for tha prO￿$10n of social housing on Slrocco site.
Seeking th8 relocation of Translink Bus Depot so that this may be brought back In lo communlty us8 for the purpose
of provlsion quality social houslng and a youthlheallhlw8llbelnglsportlleisure facility on this site.
Plan$ for future periods
The SSP plans continulng the acllvlti88 Outlined above in the forthcomlng years subj6cl to satlsfaclory funding
arrangements.
Flnanclal Revlew
As menlloned abova we, Ilke many organisalions, have been insecure Tegarding our future In tems of strateglc
planning. The lack of Governmont D8partments and direolion of what Is avallable ha5 18d to uncertalnty of whet
m09t groups can plan ahead for in the future in rela￿On to funding. This can ￿ Seen In our funding recelved during
the year and most Importantly the deficiency of fiJnds of £13,726 al our year end. We hope that in the coming year Dur
funding will increase and wo can conunue our work to help the community and lake on more projocts.
Flnanclal Results
At the end of Ihe financial year the company has assets of £14012023 - £1,638} ?nd Ilabilitse5 of £13,886 (2023 -
£13,586). The net liabilities of tha company have increased by £11,778).
Trustses
The trustees who setved throughout the financial year, except as noted, were a8 follows:
ConorJoseph Ke8nan
Paul Mccrory
Agnes McGinley
Dessle Mcca
B8rn18 McGonn811
In a¢¢ordance with the Constiluuon, the trustees retire by rotation and. belng eligible, offer thems&lves for re-eledion.
Compllance Mrtth Sector-wlde Leglslatlon and Standards
The ￿MpanY engages pr￿actiVelY with legislation, standards and codes which are developod for the s9clor. Short
Strand Partnershlp Subsc￿be$ t¢ and is compliant with the followlng..
The Companies Act 2006
The Charittes SORP (FRS 102}

Short Straiid P4rlnor¥hip
IA ¢oMpaby Ilmliod not hovlng g gI￿rI copltol)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for flnon¢lqlyoar eftdfjd 31 J&nuary 2024
Tho trJJ8te89, who are al80 dlreolors ofshort Irand P4rtllgrtslVp for the purp08e8 of ¢onyany1ow, ¥rg r8spon$lbb lor
preporfnu thg IPnanGl4l 61alemenl8 In 8[￿9￿cO wlth 4)Wleobla law ond regulBttono.
Qomponylgw requlr88 lh8 tru6toos a8 lh8 dlreclora to prepare flnanclal 8lateMenls for 08¢h Itnanclal your, Under thal
law t1￿ INst4e$ hav& 81gCtgd lo preparo th6 nn4nciai olatements In accordancg wlth Unlt9d ￿n￿d0m Generally
Accept¥d Aw¢unllng Pra¢lt￿ Illnll¢d fdngdom Ac*ounllro Sl8r¢dards and ÈpplloBblo18wl Includlng FR8102 Yhe
Financlal Roporth 8landqrd ¢ppllcable In th¢ UK ond Raput)It¢ of Irojan￿. Urydar company law Ihe Inteleoa musl ftol
apprové tha thnanc
81 $181gmgntB unlpES Ih8y are 8aU8fled that IITOY glvs R ond faTr ¥1￿ of the stste Of allatr8 01
thg Company el￿ gltho netln¢omo or expenditsjie otlhg ¢C4nP8ny for that pgdo
In prfjporfng th989 nnandol ylobmÈnlo, Ihe Iru8te&g ore r6qulr&d lty.
select3ultabl& 8ccounllNJ pollc108 and appty tlem ￿nsISten11Y,.
mokeludgèijjents aitcj e8llmytg5 Viul oro rsa80nable and pll￿enL
latg whglher the flnaftclsl gialem¢nl$ havo bèan prapa￿d kn ac¢ordqnGe wlth Ihe r9bYaftl flnanthl Teportlno
frmyiork. Idgnufy th080 ¥t8n(lard¥. tha 8ff8¢t and thg r8agorffj for #ny malwknl dÉpartura ffom Iho8e
s18T]dards', and
propar8 lh8 flnan¢lol gtaWertla on thè uc4n9 wncgm basE5 unleBs 11 b In4KJroprt4te ID pro$wne that lh¢
company wlll ¢DnUnue In opetalbn.
Tha Irustaoa ¢onflrM tho1 they hav8 Compl1￿ wllh IhB thve r8qthroments h propnrlng Ihe flnanc￿l 8tatom•nl
A¥ •xpl￿ne￿ In nptg 3, et8tgwh8tFter the 8ppll¢8blé In the UX 8nd Ropublbol IrEIRnd FRS 102 ha8 b¢gn followed.,
Th¢ tW8190S Al8 te4)ortsiblfy for keoplng adequate 8ccounUng tsoord$ that ar8 3ufflol8nl lo show and èxpkln Uio
ompany's transacUon8 atrj di8clJsw wllh raasoTroblo 8cm¢y ol any Umè tha ffnanGlo1 poslllon ol il)& rompany an
enablé thom io fjn¥uré that Ihe flnandal ¥fato￿nI4 wmpEy wllh. Thty arb aTso reEponslbf8 for 9afgguardlng the
of the Mmpeny and hgn¢o fvf ta￿ng rga8onabl8 $18p8 for th8 woventson and delecllon of tsaurf and olher
Approved by thé Board offntytsos on 26 August 2024 Blgnwl on Its bohawby;
DesBl¢ Mccd
rrugtoa

Short Strand Partnership
IA company Ilmllgd by guarnntse, not havlng a share capltall
STATEMENT OF FINANCIAL ACTIVITIES
OnGorporallng an Income and Expendllure Account
for thè financlal year ended 31 January 2024
Unrestrlctsd Restrlcted
Fundg
Funds
2024
2024
Total Unreslrlcled Restricted
Funds
Funds
Funds
2024
2023
2023
Total
Funds
2023
Notes
Incomlng Resour¢e$
Charitable aotiwties
- Grants from govemmenls
and other Cowfunders
45,649
45,649
41,329
41,329
Resourc6$ Expended
Charilabla 8Ctlvltles
Other expenditu
43,799
43,799
3,628
41.797
41,797
1.869
2,628
1,869
Total Resour¢88 Expended
3,628
43,799
47,427
1.869
41,797
43,666
Net Incomlngloutgolng
i¢sour¢e8 beforo transfern
before oxcgplional Items
Exceptional items
(3,628)
1.850
(1,778)
11,889)
(4681
(2,337)
1,580
1.580
Net Incomingloutgolng
resources bgfora transfors
after exceptlonal items
{3.628)
1,850
(1.7781
(289)
{4681
1757)
Gros5 Iran8fers b8tseen
funds
Net movement In funds for
tho fln8n¢lal yoar
(3,628)
1,850
(1,7781
(2891
(468}
17571
Reconclllauon of funds:
Totsl funds beginning of the
year
16
112,228)
280
{11.948)
111,9391
748
(11,191)
Total fund$ atthe end of
the year
(15,B561
2,130
113,7261 112.2281
280
111,9481
The Statement of Finandal Acuvltles includes all gains and losses reccgnised in the finanaal year.
l income and expenditure relate to conttnuing activities.
The notes Dn page5 1110 15 form part ofthe finan¢ial 8talements

Short strand Partnership
IA Company Ilmllod by guaranteg, not havlng a Sharè eapitall
NOTES TO THE FINANCIAL STATEMENTS
for the flnancial year ended 31 January 2024
GENERAL INFORMATION
Short Strand Partnership is a Company Ilmiled by guarantee In¢orporated In the United Kingdom. The
reglstered office of the company 1$ 26A Be8Ghfi8ld Strè8t, BelfasL BT5 4BQ which is also the principal pla
of business of the company. The financlal statements have been presented in Pound (£) which Is also the
fvnctional currency of the company.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The foll¢)wing 8¢counting pollcles have been applied consistently in de811ng wllh Item8 whlch are consldered
material In relation to the charity'$ finan¢ial statements.
Ba$ls of preparatlon
The financial statements have been prepared under thg hlstorical cost convenlon, modlfled to indud8
certain items at fair valuo. The financlal statements have been preparad in a¢cordance with Ihe Statement of
Recommended practi￿ ISORP) "A¢counting and Reporting by Charities preparing Ihelr accounts In
accordance with the Financlal ReporNng Standard applicable in the UK and Republic of Ireland FRS 102..
As pennitted by th& Companles Act 2006, the company has varled the standard fomats in that act for the
Statement of Financial Actwities and the Balance Sheet Departures from the standard formats are lo comply
wllh the requirement8 of the Charlties SORP and are in compllance wtEh section 4.7. 10.6 and 15.2 of thal
SORP.
stalgment of compliance
The nnan¢lal 8tatements of the company for the financlal year ended 31 Marth 2024 have been prepared on
the going ¢on¢em basls and In accordance with the Statement of Recommended PracUce (SORP)
Accounting and Repoiting by Charities preparlng thelr account5 in accord8n¢e with the FinancAal Reporting
standard applicable in the UK and Republi¢ of Ireland FRS 102"
Ca8h Ilow Statement
The cornpany has avallgd of th8 exemption in FFIS 102 from the requlrement to produce a cash flow
statemenl because It Is classifiad as a small company.
Incomlng Resourcgs
Voluntary Income or capllal Is Included In the Statement of Financial Activities when the company is legally
enltued to it, Its financlal value can be quantified wlh reasonable certalnty and there is rea50n8ble certainty of
Ils ulliffiats receipt. Ent￿ement lo legacies is considered estsblished when the company has been notified of a
dl$trlbutlon to be made by the eXe￿J10r$. Income received in advance of due performance under a contract Is
accounted for as def8rr8d Income until earned. Grants for acllvltles are recognised as income when th6
related conditions for189al enlltlem8nt hav8 been met All other income is accounted for on an a¢¢ruals ba515.
Resour¢os Expended
All resources expended are accoLinte(I for on an accruals basis. Charitsble actiwtie$ include costs of $ervice5
and grants. support costs and depreciation on related assets. Costs of genorating funds similarly Include
fundralslng advilles. Non-slaff costs not attributed lo one category of actlvity are allocated or appotton&d
pro-rata lo the staffing of the relevant servi￿. Finan￿, HR, IT and admlnlslrauve staff c05tS are directly
altributable to Indtwdual activibes by objectiV8. Governall￿ costs are those assoclated with constitutional and
statutory requiremgnts.
Tanglblg fixod assets and depreclatlon
Tangible fixed assets are stated at C05t or at valuation. less accumulaled depreclation. The charge to
depreciation is calculat9d to wrtte off the orlglnal cost or valuatlon of tangible fixed assets, 16s5 their estimated
resKlual value, over their expected useful INes as follows..
Fixtures, fittings and equlpment
15Yo Reducing Balance
Debtors
Debtors are recognised at the setllemant amount due after any dlscount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Incomè recognised by the company from govemment
agencies and other Ccpfunders, bul not yet received al year end, is Included In debtors.
Ca8h otbankand In hand
Cash at bank and in hand comprises cash on deposit at banks requlring less than three months notice of
WItr￿rawa1.
11

continued
Short Strand Partnership
IA company Ilmlted by guarantee, not havlng a sharg capltall
NOTES TO THE FINANCIAL STATEMENTS
for the Ilnanclal ygar ended 31 January 2024
ANALYSIS OF SUPPORT COSTS
2024
2023
Depreaalion
Wages 8nd Salartes
Auditl Indep8ndenl Examination Fee's
Support Cost ca18gory 3
18
43,799
1,680
21
41,797
1,560
{1.2921
45N97
42,086
NET INCOIIIING RESOURCES
2024
2023
Net Incomlng Rosour¢o$ are stated after charglngll¢rodltlng):
Depredation of tsnglbla assets
18
21
EXCEPTIONAL ITEMS
2024
2023
Ex￿pIlonaI Item: Inler-grouplconnected entities trade ¢redilor8 wiitten oft
1,580
IKrEREST PAYABLE AND SIMILAR CHARGES
2024
2023
On bank loans and overdrafts
1,780
118
10.
EMPLOYEES AND REMUNERATION
Numbgr of Pmployees
The average number of persons employed {including ex8culive trustees) during the finan¢ial year was as
followg..
2024
Number
2023
Number
Number of Employees
The staff ¢osts compris8'.
2024
2023
Wages and salaries
Soc181 security costs
40,766
3,044
38,789
3,008
43,799
41,797
13

¢ontinu8d
Short Strand Partnership
(A company Ilmlted by guarantee, not havlng a share capltsl)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2024
15.
FUNDS
15.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unre8trlcted Restrlctod
Funds
Funds
Total
Funds
At 1 February 2022
Movement during the financial year
{11,939)
1289)
748
1468)
(11,1911
(7571
At 31 January 2023
Movemanl du￿ng the )Inanclal year
{12,228)
(3,6281
280
1,850
111,9481
(1.7781
At 31 January 2024
115,856)
2,130
{13,726)
15.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 February
2023
In¢om& Expendlture
Trnnsfgrs
between
funds
Balanco
31 Jonuary
2024
Ro$trlctgd funds
Deparlment of Communities
Unre8trlcted funds
Unreslricted
280
45,649
43.799
2.130
112,2281
3.628
{15,856)
Total funds
111.9481
45,649
47,427
{13,726)
15.3 ANALYSIS OF NET LIABILITIES BY FUND
Flxod
assgts
- Charlty Use
Current
assets
Currènt
liablllues
Total
Restrlcted tru8t funds
1,985
145
2,130
Unrestrfcted genaral funds
101
12411
(15,716)
(15,8561
101
1,744
{15,5711
(13,7261
16.
STATUS
The company Is Ilmited by guarantse not having a sh8re capital.
The liability of the members is limited.
Every member of the company undertakes to conlributs to the assets of the company In the event of Its b￿ng
wound up while they are members, or wllhln one year thereafter. for tha payment of the debts and liabilities of
the company contracted before they ceased to b8 mèmbers. and the costs, charges and expen3es of winding
up, and for the adluslmenl of the rights of th8 conlrlbutor8 among themselves, such amount as may be
required, not ex¢%eding £ 1.
15

Short strand Partnership
IA company Ilmilèd by guarantee, not havlng a share capltal)
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Slalement
lor the financlal year ended 31 January 2024
2024
2023
Income
40,649
47,329
Expenses
Wages and salarlas
Social se¢urity costs
Accountancy
Bank charges
Depreclalion
40,755
3,044
1,680
160
18
38,789
3,CNJ8
1.560
170
21
45,647
43,54B
Flnance
Bank inlgrest paid
Interest paid on overdue lax
21
1,759
72
46
1,780
118
Ex¢eptlonal Items
1,58Q
Net deficlt
11.778)
(757)
The supplementary infomiation does not form part of the financial 8tatem8nts
17