COMPANY REGISTRATION NUMBER: N1615294
CHARITY REGISTRATION NUMBER: NIC 100544
Eastside Greenways
Company Limited by Guarantee
Financial Statements
31 March 2023
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Eastside Greenways
Company Llmlted by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
11
Statement of financial activities (including income and
expenditure account)
17
Statement of financial position
18
Notes to the financial statements
19

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees. who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2023.
Reference and admlnlstrative details
Regl$tered charity name
Eastside Greenways
Charlty registration number
NIC 100544
Company registration number N1615294
Prlncipal office and registered Avalon House
office
2781280 N8Wtownards Road
Belfast
Co. Anlrim
BT41HE
The trustees
K Alexander
S Douglas
M Gibson
A Mcmurray
E White
R Hunter
A Hassard
A Montgomery
J E Hennessey
L Osborne
C Purdy
(Resigned 2 December 2022)
(Resigned 2 December 2022)
(Resigned 15 May 2023)
(Resigned 2 December 2022)
(Appointed 13 February 2023)
(Appointed 13 February 2023)
{Appointed 13 February 2023)
Company secretary
T Wilson
Auditor
Finegan Gibson Ltd
Chartered aGcountants & statutory auditor
Causeway Tower
9 Jame5 Street South
Belfast
BT2 8DN
Bankers
AIB
11-15 Donegall Square North
Belfast
BT15GB
Solicitors
Hewitt and Gilpin
Thomas House
14-16 James Street South
Belfast
BT2 7GA

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (Gontin¥md)
Year ended 31 March 2023
stTUCturei governance and management
Goveming Document
Eastside Greenways is a company limited by guarantee and is a charity recognised by the Charity
Commission for Nl. It is a nol for profit organisation.
The company was established under a Memopndum of Association which established the objects and
powers of the company and is governed under its Articles of Association.
Appointment of trustees
The Chaimian and the trustees recommend new trustees as needed. Naw trustees are recruited on
the relevance of their skills, and their potential to be able to make a helpful contribution to the
govemance of the charity. As part of this process they are made aware of a trustee's legal obligations
under charity and company law, the content of the Memorandum and Articles of Association. the
decision-making processes. the business plan and recent financial performance of the charity.
Once the potential new trustee has agreed to b8 considered for appointment they can be co-opted by
the directors until formal voting by members occurs at the next Annual General Meeting.
Trustee inductlon and training
A trustee induction process is in plac8 for all gmup compani8S.
Organisation structure and how charity makes decisions
Eastside Greenways is govemed by the board of directors. The company is managed on a day to day
basis by a senior management team as appointed by the board of directors.
The board of directors meets quarterly. and is appointed by the members at the AGM.
A senior management team manages the day to day activities of the company, and reports on
company performance to all board meetings.
Arrangements for settlng pay and remuneratlon of key management personnel
The directors consider the board of directors. who are the ¢harity's trustees. and the senior
management team comprise the key management personnel of the charity in charge of directing and
controlling. running and operating the charity on a day to day basis. All directors give of their time
freely and no director received remuneration in the year. Details of directors, expenses and related
paty transa￿lOn$ are disclosed in note 13 and note 20 to the accounts.
The pay of the s8nior staff is set by reference to NICVA guidan￿ and utilisation of NJC pay scales. In
view of the nature of the charity. the directors benchmark against pay levels in other similar size
charities run on a voluntary ba515 when appointing new members of key management.

Eastside Greenways
Cornpany Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu8d)
Year ended 31 March 2023
Structurei governance and management (continutd)
Relatlonships with relatedpartles
None of our trustees re￿1ve remuneration or other benefit from their work with the charity.
Risk management
The company aims to mitigate the major risks it faces by implementation of the following procedures'.-
Significant external risks to funding have led to the development of a strategi¢ plan which clearly
identifies funding requirements going fo￿ard- and
Intemal control risks are minimised by the implementatlon of procedures for authorisation of all
transactions with a financial implication.
Dlrectors
The directors serving during the year were as follows:_
K Alexander
S Douglas
M Gibson
A Hassard
A Mcmurray
A Montgomery
E White
R Hunter
J E Hennessey
L Osborne
C Purdy

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu¢d)
Year ended 31 March 2023
Objectlves and activities
The Vision of Eastside Greenways is to support the development and use of the Connswater
Community Greenway (CCG) as,
'An inspirational living landmark that is W811 used, vibrant, dynamic and sustainabl8. An attractive
destination of outstanding qualty for everyone to enjoy.,
The key to achieving this wlll be the ability for people to live healthier lrfestyles in an improved physical
environment. and enjoy the benefits of a safer, clean8r, gr88ner area valued by all residents and one
that is attractive to visitors.
Eastside Greenways supports the positive use of the CCG as a catslyst for the ongoing regeneration
of the area making east Belfast greener, safar, cleaner, whilst connecting people and pla￿S and
making it attractive to visitors. Eastside Greenways will optimise available resources. opportunities,
8xpertise and influen￿.
The role of Eastside Greenways is to provide leadership, vision and coordination, and in partnership
with Belfast City Council and others to provide funding to deliver Betfast'sl Nl's leading greenway.
Eastside Greenways is committed to ensuring that Connswater Community Greenway is of a World
Class slandard and to maximise the opportunities it can bring to the city.
Working with other key partners. Eastside Greenways works to maximize the social, cultural.
economic and environmental outcomes. improving the quality of lrfe for thousands of local people.
ensuring the ongoing animation and suslainability of the CCG.
Eastside Greenways does this by.
Delivering programmes and projects on the CCG:
Facilitating and initiating further development of the Greenway;
Coordinating and connecting various stakeholders and partners on the CCG.,
Encouraging others to develop and provide services on the CCG: and
Advocating for influence and investment.
In its establishment as a charity, Eastside Greenways recognis8S the potential to build on the success
and lessons leamed from the Conn5water Community Greenway by defining its object.,
To promote the use and sheer enjoyment of g￿en open spaces. parks, gardens. rivers and off - road
transport roules in East Belfast and its environs and the sustainable planning, design, manag8ment,
maintenanc6 and improvement of them for the benefit of the public..
It is Eastside Greenway's ambition to build on the success of the Connswaler Community Greenway
by promoting and facilitating the delivery of a ne￿Ork of greenways across east Belfast. that will
integrate in to city and regional ne￿OrkS known as the 'EastSide Greenways, concept plan.
Eastside Greenways works in partnership wilh Belfast City Council to deliver the CCG underpinned by
a Memorandum of Understanding and a legal agreement which was confirmed in 2020.
The company employed 2 full lime members of staff during the course of the year, and managed a
team of 5 Greenway Leaders and volunteers.

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (conllnued)
Year ended 31 March 2023
Achlevements and perforniance
The CCG is a £40m project which has been constructed in phases. Phase l of the project
(Orangefield and Victoria Parkl was completed in 2014 with Phase 2 completing in April 2017. The
proj8Ct was officially launched in September 2017.
Th8 project is now in a new phase of delivery, making the most of its potential to deliver social.
economic and environmental outcomes for long term sustainability.

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu8dJ
Year ended 31 March 2023
Achievements and performance (contlnuedj
Public benefrt report
The work of Eastside Greenways was delivered under the below work5treams I themes to achieve the
Trusfs ambition.
Community and stakeholder engagement, pmmoting community development, community
cohesion and volunteering
ESG continue to att8nd stakehold8r and communty forums in east in order to engage with th8
community widely. ESG continue to attend. Youth Practitioners Forum. Community Development
Café, Street Work fowm. SAFE Steering group. Health Forum and Dementia Friendly East Belfast.
The annual animation programm8 was dalivered to support the positive use of the Connswater
Community Greenway and support the strategic aims of the project. Wilh previou5 restrictions all but
lifted, ESG were abl8 to deliver 8V8nts and activitias to the18V81 that it did pre-covid.
Throughout the year we delivered;
Schools engagement programme - X4 steering group meetings with local educators
Schools engagement - hosted X4 school visiUa¢tivities to CCG
Spring activities - Duck race, Easter Egg Hunt and Eco Workshop
Delivered X3 Pilates Taster sessions
Hosted X4 community engagement sessions
Hosted X3 sit8 specific youth engagement sessions on CCG
Delivered X3 targeted family activity sessions at Flora St Play Park
Supported ESL Summer Scheme programme
Delivered 'Living the Green Way, programme with X6 activities
Supported X3 cornmunity events at C..S Lewis Square
Supported the July Weekender events
Supported X3 events as a part of the annual C.S. Lewis Festival
Delivered the annual Bird Day event
Weekly Walk Wednesday group continued. as did our twice monthly Gentle Walk programme for older
people and people with mobility issues. We facilitated a six week Twilight Walk programme in
November. with evening group walks on the Greenway.
Our Adopt a Spot residents carried out 4 community clean ups on the Greenway and we facilitated 4
community and business clean up sessions
Advancing education to create Training and Development opportunitiesi protect and enhance
open and green spaces
5 Greenway Leaders continue to support the project at events and acliwties as well as carying out an
'Out and About. role. The 'Out and About, role includes engagement with users. observing and
reporting any issues and Carrying out a litter pick. Approx. 3 Greenway Leader Out and About
sessions take place each week now supported by our volunteers.
Monthly Kick Sampling sessions continue to take place. led by our Greenway Leaders with data input
through the Riverfty Partnership. This allows us to gather data on the quality of the water in the river
along the Greenway, 3 public sessions were held which allows people to join in and leam about this
work.

Eastside Greenways
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu¢d)
Year ended 31 March 2023
Achievements and perfomiance fconllnued)
We began delivering the new Legacy Project, youth development programme working with young
people aged 16-25 from East Belfast, not currently in full time education or employment. We have a
full time and part time staff member dedicated to this and have recruited X8 participants, beginning the
programme in February 2023.
Economlc regeneration thmugh Tours. Herltage, Trails Development and improvlng public
access to the arts
The annual Eastside Arts Festival took place including in person events. The Greenway was w811
utilised for outrjoor events throughout the festival.
C.S. Lewis themed and Van Morri50n talks and tours continued to be carried out by local tour guides.
The annual C.S. Lewis Festival took place with activity now focused on C.S. Lewis Square as a venue
The Urban Market tskes place on the third Saturday of 8ach month in C.S. L8wis Square. supporting a
wide range of local traders and products.
We supported the regional Potters Market to take place In C..S Lewis Square in August 2022.
We hosted X4 'pop up, animation sessions at C.S. Lewis Square with the aim to build on the element
of a destination.
Promoting use of the Greenway through marketing and communications. events. inftirmation
sharing and awareness
We hosted X10 visits to and presentations on CCG to a variety of organisations including local church
groups, residents associations, University College London. Climate Nl. Funders, The Rivers Agency.
Groundswell Consortium. international groups focused on grgenway development and more.
We supported Belfast Healthy City as they developed a new 'Walking Bus" campaign using the
Greenway and working with local schools.
In recent years, issues such as climate change and building healthier, resilient and sustainable
communities have come to the fore. further highlighted by strategic plans such as Belfast City
Council's Resilien￿ Strategy. An intemational focus on green recovery to rebuild and regenerate
communities is being explored across many sectors. ESG has recently commissioned the Paul
Hogarth Company to deliver public consultation which will lead to the development of a new report
focusing on a future vision for CCG in light of climate change.
Eastside Greenways and the Connswater Community Greenway are being highlighted by many
organisations as an exemplar project in relation to improving urban green and blue 5paGes as w811 as
engagement with local communities around the topic of climate change. ESG is a key partner in the
Groundswell Consortium which is led by QUB in Belfast but also includes universities and partners
from Edinburgh and Liverpool. Thi5 will lead to the development of new academic research. a model
of best practice and the next phase of the PARC study. an impact evaluation study of CCG since
opening in 2017.
We have continued to support the use of the Greenway for external events, especially C.S. Lewis
Square for example., Belfast Intemational Arts Festival. EBCDA Volunteer Event. Glentoran Family
Fun Days, Potters Market and LINCS Cultural Event. with a focus going forward on income

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continuvd)
Year ended 31 March 2023
Achlevements and performance (continued)
generation, Eastside Greenways has started to work wlth branding company Joumeyfor to develop a
new branding campaign called Go Greenway which will include an online and offline ¢ommuni¢alions
plan.
Pmmotlng the enhancement and Improvement of the Greenway routes. physical activity and
health
Eastside G￿enWayS continue to facilitste the city wide Greenway Development Group which includes
representation from; Belfast Harbour, Sustrans, DFI, Belfast City Council and West Belfast Partnership
Board. The group have met X3 times this year and there is positive momenlum behind the group
continuing to m8et and to shape the outcomes of this work.
This relationship has helped with relationship building be￿een different organisations to support cross
working on greenway development.
Three possible options for the new proposed Sydenham to Holywood cycle way have gone out to
consultstion and ESG input into this consultation process.
New lighting columns have been placed along the Comber Greenway which will allow for evening
commuters to use the greenway.
A new crossing at the entrance to the Cregagh Glen was completed in early 2023 making access to
the glen from the top of the Cregagh Road and tharefore the Greenway, much safer.
The Montgomery Road link as a part of the ESG Concept Plan has gone out for consultation
The land adjacent to Connswater Community Centre including the car park has been identified for an
upgrade as part of the CCG capital underspend which would complement C.S. Lewis Square and the
wider Holywood ArGhe5 area. This work has stalled. particularly in light of ¢ovid and as capital funding
becomes stretched, particularly with some of the key partners, it is important that we receive an
update from BCC and EA on their decision for this space going forward.
The weekly parkruns at Orangefield and Victoria Park started again In Summer 2021 and have laken
place since then.

Eastside Greenways
Company Limlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu8dJ
Year ended 31 March 2023
Financlal review
The results for the year are sat out in detail on pages 17 & 18. The company returned a deficit for the
year of (£77,137) (2022: £127,780 deficit).
At 31 March 2023, the total funds of the charity amounted to £748.014, (2022: £825,151). Comprising
restricted funds of £21.749 (2022.- £296), unrestricted funds of £36,586 (2021: £21,989) and
endowment fund of £689,679 (2022.. £802,866).
The unrestricted funds are essential to provide SLrfficient funds to cover any unforeseen costs which
may arise and fulfill the18gal obligations of the charity in the event that current levels of income are not
maintained.
In February 2020 an award was made by Belfast City Council of endowment funding for the
Continuance of the work of Eastside Greenways. The funding was agreed by the National Lottery
Communities Fund as the remainder of their original award towards the development of the project.
and is to be used by the company in pursuit of its strategic objectives for the long tenn delivery of the
Connswater Community Greenway and the Eastside Greenways plan.
Investment powers andpolicy
The directors. having regard to the liquidty requirements of the organisation and to the reserves
policy. will operate a policy of keeping available funds in an interest-bearing deposit account.
Reserves pollcy and going Concern
A policy has been implemented by the company in order to recognise the charivs requirements for
reserves in light of the main risks to the organisation. It has eslablished a policy whereby the
unrestricted funds not Committed should equate to belween 250/0 and 50 /0 of annual administration
overheads. The aim is to provide sufficient funds to cover any unforeseen costs which may arise. as
well as allowing for the payment of any liabilities which would arise should the company cease to
operate. The company recognises that in its initial years of operation that such targets may ￿maIn
a5pirational.
Plans for future periods
The charity plans continuing the activities outlined above in forthcoming years subject to satisfactory
funding arrangements.
Trustses, responsibilities statement
Th8 trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and Unit8d
Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources. including the income and expenditure. for that period.

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (COnfinu•dJ
Year ended 31 March 2023
In preparing these financial statements, the trustees are required to..
seleGt surtable accounting policies and then apply them consistentty.,
observe the methods and principles in the applicable Charities SORP-,
make judgments and accounting estimates that are reasonable and prudent-
prepare the financial statements on the going Gon￿rn basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charty's transactions and disclose with reasonable accuracy at any lime the financial
position of the charty and enable them lo ensure that the financial siatements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen
for taking reasonable steps for the prevention and delection of fraud and olher irregularilies.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that..
so far as they are aware. there is no relevant audit infonnation of which the charity's auditor is
unaware", and
they have laken all steps that they ought to have taken as a trustee to make Ihemselves aware of
any relevant audrt information and to establish that the charity's auditor is aware of that
information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 1 December 2023 and signed on behalf of the board of
trustees by..
10

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways
Year ended 31 March 2023
Opinion
We have audited the financial statements of Eastslde Greenways (the 'chariV) for the year ended
31 March 2023 which comprise the statement of financial activities (including income and expenditure
account), statement of financial position and the related notes. including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting practi￿).
In our oplnlon the financial ststements..
give a true and fair view of the state of the charity'5 affairs as at 31 March 2023 and of its
incoming resources and application of resources, including its income and expenditure. for the
year then ended.
have b88n properly prepared in a¢¢ordance with United Kingdom Generally Accepted
Accounting Practice;
have been prepared in accordance with the requirements of th8 Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordan￿ with the ethical requirements that a￿ relevant to our audit of the financial
statements in the UK, including Ihe FRC'S Ethical Stsndard, and the provisions available for small
entities. in the circumstances set out below, and we have fulfilled our other ethical responsibilities in
accordance wilh these requirements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
APB Ethical Standard - Provisions available for small entities
In common with many other organisations of a similar size and nature. the charity uses its auditors to
prepare and submit returns to the tax authoriti8s and assist with th8 preparation of their organisation's
financial statements.
Con¢luslons relatlng to golng concern
In auditing the financial statements. we have concluded that the twstees, use of the going Concern
basis of accounting in the preparation of the financial stat8ments is appropriatè.
Based on the work we have pgrfonTJed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue a5 a going concern for a period of at least ￿e1ve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
11

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (continued)
Year ended 31 March 2023
Other Infomiatlon
The other information comprises the infomiation included in the annual report. other than the financial
statements and our auditor's report thereon. The trustaes are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report. we do not express any fom of assurance conclusion thereon.
In connection wilh our audit of the financial statements, our responsibility is to read the olher
information and, in doing so, consider whether the other information is materially inconsistent with the
ftnancial statements or our knowledge obtained in the audit or othemise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatemant of the other information. If, based on the work we have performed. we conclud8
that there is a material misstatement of this other information, are required to report that fact.
We have nothing to report in this regard.
Oplnions on other matters prescrlbed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements. and
the trustees, report has been prepared in accordance with applicable18gal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtsined in the
course of the audit. we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion:
adaquatè accounting records have not b88n kept, or returns adequate for our audit hav8 not
been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of twst8es' remuneration specified by law are not made: or
have not received all the information and explanations we require for our audit: or
the trustees were not entitled to prepare the financial statements in accordan￿ with the small
companies regime and take advantage of the small companies, exemption5 in preparing the
directors, report and from the requirement to prepare a strategic report.
12

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (continu￿)
Year ended 31 March 2023
Responslbllltles of trustees
As explained more fully in the trustees, responsibilities statement. the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
ststements and for being satisfied that they give a true and fair view. and for such intemal control as
the Irustees determine is necessary to enable the preparation of financial ststements that are free
from material misstatement. whether due to fraud or error.
In preparing th8 financial statements. the trustees are responsible for assessing the ¢harity's ability to
continue as a going Con￿rn. disclosing. as applicable. matters related to going Concern and using the
going con¢em basis of accounting unless the trustees either intend to liquidate the charity or to Cease
operations, or have no realistic altemative but to do so.
13

Eastside Greenways
Company Llmited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways fcontlnuod)
Year ended 31 March 2023
Audltor's responsibilities for the audit of the financial statements
Our objedlves are to obtain reasonable assurants about whether the financlal stat8ments as a whole
are free from material misstat8ment, whether due to fraud or error. and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if. individually or in the
aggregate, they could reasonably be expect8d to influence the 8conomic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with law5 and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities. including fraud. The extent to which our procedures are capable of detecling
irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularitie5. Including fraud
and non-compliance with laws and regulations, we considered the following:
the nature of the industry and sector, control environment and business performance including the
design of the remuneration policies, key drivers for directors, remuneration. bonus levels and
performance targets;
results of our enquiries of management about their own identification and assessment of the risks
of irregularities;
any matters we identified having obtained and reviewed documentation of their policies and
procedures relating to:
identifying. evaluating and complying with laws and regulations and whether
management were aware of any instances of non-compliance:
delecling and responding to the risks of fraud and whethar management have knowledge
of any actual, suspected or alleged fraud.,
the internal controls established to mitigate risks of fraud or non-compliance with laws
and regulations.
the matters discussed among the audit engagement team including significant compon8nt audit
teams and relevant intemal specialists, including tax and valuations specialists regarding how and
where fraud might occur in the financial Statements and any potential indicators of fraud.
As a resuli of thes8 procedures. we consider&d the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fRud. In common with all audits
under ISAS (UK), we are a150 required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial statements. The key laws and regulations we rnnsldered Sn
this cont8Xt included ongoing Complian￿ with the UK Compani8s Act and tax legislation.
In addition. we considered provisions of other laws and régulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
14

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (continued)
Year ended 31 March 2023
As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain
professional sGepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements. whether due to
fraud or error. design and perform audit procedures responsive to those risks. and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from e￿Or,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effediveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material Un￿rtaInty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concem. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditorfs report to the relatad disclosures in the financial statements or, rf such disclosures
are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concem.
Evaluate the overall presentation. structure and Content of the financial statements, including the
disclosures. and whether the financial statements represent the underlying transadions and
ev8nts in a manner that achieves fair presentation.
15

Eastside Greenways
Company Llmlted by Guarantee
Independent Auditorfs Report to the Members of Eastside Greenways (¢ontinuedJ
Year ended 31 March 2023
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficien¢ies in
intemal control that we identify during our audit.
Use of our report
This report is mad8 solely to th8 charitys members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the
chariws members those matters we are required to stale to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity'5 members as a body, for our audit work, for this report,
or for the opinions we have formed.
Paul Dolan (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
1 D8cember 2023
16

Eastside Greenways
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted Endowment
fijnds
funds Total funds
2022
Unrestricted
funds
Total funds
Noto
Income and endowments
Donations and legacies
Charitable activities
other trading aclivities
Investment income
414
7,521
8,052
60.868
60.868
13.049
1.164
13,049
1,164
Total income
14,597
60,868
75,465
15,987
Expenditure
Expenditure on
charitable activities
39.415
113.187
{39,415) (113.187) (152.602) (143,767)
152,602
143.767
Total expenditure
Net expenditure and net
movement In funds
14,597
21.453
(113,187)
(77,137) {127,780)
Reconclllation of funds
Total funds brought forward
Total funds carrled fO￿ard
21,989
296
802,866
689,679
825.151
748,014
952.931
36,586
21.749
825,151
The ststement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 19 to 28 form part of Ihese finan¢lal stalemonts.
17

Eastside Greenways
Company Limlted by Guarantee
Statement of Flnancial Position
31 March 2023
2023
2022
Note
Current assets
Debtors
Cash at bank and in hand
14
5.472
765,484
2,249
843,415
770,956
845.664
Credltors: amounts falllng due wllhln one year
Net current assets
15
22,942
20,513
748,014
748.014
825,151
825,151
825,151
Total assets less current Ilabilltios
Net assets
748,014
Funds of the charity
Endowment funds
Restricted funds
UnrestTrcted funds
689,679
21.749
36,586
802,866
296
21,989
Total charlty fund$
17
748.014
825,151
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on 1
Decembèr 2023, and are signed on behalf of the board by-
The notes on pages 19 to 28 form part of these flnancial stat•meDts.
18

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General infomiation
The charty is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the regist8red offic8
is Avalon House. 2781280 Newtownards Road, Belfast, Co. Antrim, BT4 1 HE.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the 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) (Charities
SORP (FRS 102)) and the companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prépared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at falr
value through income or expenditure.
The financial statements are prepared in st8rling. which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such.
advantsge has been taken of the following disclosure exemptions available under paragraph
1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.(b) Disclosures in respect of
financial instruments have not been present8d.
Judgements and key sources of estlmation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors. including expectations
of future events that are beli8V8d to be reasonable und8r th8 circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of Ihe trustees to further any of the
charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for
particular future projects or commitments. Restricted funds are subject to restrictions on their
expenditure declared by the donor or Ihrough the teTm5 of an appeal, and fall into one of
sub-classes: restricted income funds or endowment funds
19

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (contInu￿)
Incoming resources
All incomlng resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable Ihat the economic benefits associated with the transadion
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or granls is recognised when there is evidence of entitlement to the
glft. re￿ipt is probable and its amount can be measur8d reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which Gase Ihe value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably maasured. No amounts are includ8d for
the contribution of general volunteers.
income from contracts for the supply of services is recognised wtth the delivery of the
contracted service. This is classffied as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent. in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classtfied under headings of the staternent of
financial activities to which it relates..
expenditure on raising funds includes th8 costs of all fundraising activities, events,
non-charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charty in undertaking
activities that further its charttable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on Charitable activities.
All costs are allocated to expenditure categories reflecting the usa of the resource. Direcl costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provision5 of the Instrument.
20

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 31 March 2023
Accountlng policies (continued)
Flnanclal Instruments (Gontlnuod)
Basic financial inslruments are inltlally recognised at the amount receivable or payable Including
any related transaction costs.
Current assets and current liabilities are subsequently measured at th8 cash or other
consideration expected to be paid or received and not discounted.
Debt instruments a￿ subsequ8ntly measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives, are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in whiGh case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities. with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If Ihere is objective evidence of impairment, an
impaimient loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets ar8
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an ass8t to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly wlthin 12 months of the end of the
reporting dale in which th8 employees render the related service. the liability is measured on a
discounted present value basi5. The unwinding of the discount is recognised as an expense in
the period in which It arises.
21

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (conllnuod)
Year ended 31 March 2023
Llmlted by guarantee
The Charity is a company limited by guarantee and every member undertakes to contribute to
the assets of the company in the event of it being wound up. while being a member or within one
year after ceasing to be a member, such amount as may be required not exceeding £1.
Donations and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Donatlons
Donations
414
414
Charitable activlties
Restricted Total Funds
Funds
2023
Restricl8d Total Funds
Funds
2022
Belfast Cty Council
KNIB
NICVA
Intemational Fund
EBCDA
6,764
2,000
6,764
2,000
5.691
5.691
1,830
1,830
51,604
500
51.604
500
60,868
60.868
7,521
7,521
Other trading activities
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2023
Funds
2022
Intercompany Income
Oth8r incom8
12.119
930
12.119
930
6,000
2.052
6,000
2,052
13.049
13.049
8,052
8,052
Investment income
Unrestricted Total Funds Unrestrict8d Total Funds
Funds
2023
Funds
2022
Bank interest recetvable
1.164
1.164
22

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements fconllnued)
Year ended 31 March 2023
Expendlture on charltable activities by activity type
Activtties
undertaken
directly Support costs
Total funds
2023
Total fund
2022
Promotion of the Use of Connswater
Community Greenway
other grant programmes
PYDP Programme
Governan￿ costs
89.262
9,264
27.046
23,325
112.587
9,264
30.151
600
136,654
6.633
3.105
600
480
125.572
27.030
152,602
143.767
10. Analysis of support costs
Analysis of
support costs Total 2023 Total 2022
Premises
General offi
Finance costs
Govemance cosls
18,612
18,612
19,692
315
7,200
480
7,534
600
7,534
600
27,030
27,030
27,687
11. Net expenditure
Net expenditure is ststed aft8r chargingl(crediting):
2023
2022
Fees payabl8 for the audit of the financial statements
600
480
12. Staff costs
The total staff costs and employee benefrts for the reporting period are analysed as follows:
2023
2022
Wages and salaries
Social security costs
Employer Contributions to pension plans
71,801
6,035
4,661
68.480
6,288
4.440
82,497
79,208
23

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements fcontinue
Year ended 31 March 2023
12. Staff costs {contlnu8d)
The average head count of employees during the year was 7 (2022: 8). The average number of
full-tim8 equivalent employees during the year is analysed as follows:
2023
2022
Full lime employees
Part time employees
No employee received employee benefits of more than £60,000 during th8 y8ar {2022: Nil).
13. Trustee remuneration and expenses
The Charity Trustees were not paid or received any other benefits from employment with the
Charity in the year (2022- £NIL). No Charity Trustee re¢eived payment for professional or other
services supplied to the Charity (2022: £NIL).
14. Debtors
2023
2022
Trade debtors
Amounts owed by group undertakings
Prepayments and a¢cTued income
530
888
831
4,123
1,349
5,472
2.249
15. Creditors: amounts falling due wlthln one year
2023
2022
Trade creditors
Amounts owed to group undertakings
A¢cwals and deferred income
Other creditors
5.424
16,540
400
578
1,668
17.867
400
578
22,942
20,513
16. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or axpenditure as an 8XP8nse in relation to defined
contribution plans was £4,661 (2022: £4,440).
24

Eastside Greenways
Company Llmlted by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
17. Analysis of charitable funds
Unrestricted funds
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
General funds
21.989
14,597
36.586
At
1 April 2021
At31
Transfers March 2022
Income Expenditure
General funds
13,523
8.466
21,989
25

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (contlnu•d)
Year ended 31 March 2023
17. Analysis of charitable funds fcontinued)
Restricted funds
At
1 April 2022
At31
Transfers March 2023
Income Expenditu
Belfast City Council-
Get active on
TEO - UV Living the
Greenway
BCC Greenway
Celebrations
BCC Engage
Programme
NICVA Social Action
Grant
Keep Nl Beautiful
Challenge
International Fund
EBCDA
BCC Sport
BCC Community
Festivals
296
1.991
(1,991)
296
2.000
51,604
500
1.000
(2,000)
(30.151)
(500)
(1.000)
21.453
3.773
(3,773)
(39.415)
296
60.868
21.749
At
1 April 2021
At31
Transfers March 2022
Income Expenditure
Belfast City Council -
Get active on
TEO - UV Living the
Greenway
BCC Greenway
Celebration5
BCC Engage
Programme
NICVA Social Action
Grant
Keep Nl Beautrful
Challenge
International Fund
EBCDA
BCC Sport
BCC Communty
Festivals
25
(25)
(25)
4.191
(4.191)
25
296
296
1.500
(1,500)
1.830
{1.830)
296
7,521
(7,521)
296
26

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (eontlnuad)
Year ended 31 March 2023
17. Analysls of charitable funds feontlnued)
Endowment funds
At
1 April 2022
At31
Transfers March 2023
Incom8 Expenditure
Belfast City Council
802.866
(113,187)
689.679
At
1 April 2021
At31
Transfers March 2022
Income Expenditur8
Belfast City Council
939,112
(136,246)
802.866
In February 2020 an award was made by Belfast City Council of endowment funding for the
continuance of the work of Eastside Greenways. The funding was agreed by the National Lottery
Communities Fund as the remainder of their original award towards the development of the
project, and is to be used by the company in pursuit of its strategic objectives for the long term
delivery of the Connswater Community Greenway and the Eastside Greenways plan.
18. Analysis of net assets between funds
Unrestricted
Funds
Restricted Endowm8nt Total Funds
Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
57.288
(20.702)
36.586
22.727
(978)
21.749
689.679
769,694
(21,680)
748,014
689.679
Unrestricted
Funds
Restricted Endowment Total Funds
Funds
Funds
2022
Current assels
Creditors less than 1 year
Not assets
41,524
(19.535)
21.989
1,274
{978)
296
802,866
845.664
(20,513)
825,151
802.866
19. Taxation
The Charity's activities fall within the exemptions afforded by the provisions of the Income and
Corporation Taxe5 Act 1988. Accordingly, there is no taxation charge in th8S8 accounts.
20. Related party transactions
The company has taken exemption from disclosing related party transactions with other group
entities under section 33 of FRS102. There are no other related paty transactions to disclose for
2021122 or 2022123.
27

Eastside Greenways
Company Llmited by Guarantee
Notes to the Financial Statements {contlnu8dJ
Year ended 31 March 2023
21. Contlngencies
A ¢ontlngent liability exists to repay grants received should certain conditions not be fulfilled by
the charity. In the opinion of the Trustees, the terms of the letters of offer have been, now will be.
complied with and no liability is expected.
28