COMPANY REGISTRATION NUMBER: N1615294
CHARITY REGISTRATION NUMBER: NIC 100544
Eastside Greenways
Company Limited by Guarantee
Financial Statements
31 March 2024
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Eastside Greenways
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
11
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 2024
The trustees, who are also the director5 for the purposes of company law, present their report and the
financial statements of the charlty for the year ended 31 March 2024.
Reference and administratlve detalls
Reglstered charity name
Eastside Greenways
Charity reglstratlon number
NIC 100544
Company registration number N1615294
Prlnclpal offlce and reglstered Avalon House
office
2781280 Newtownards Road
Belfast
Co. Antrim
BT41HE
The trustees
M Gibson
A Mcmurray
E White
R Hunter
A Hassard
J E Hennessey
L Osborne
C Purdy
(Resigned 15 May 2023)
Company secretary
T Wilson
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers
AIB
11-15 Donegall Square North
Belfast
BT15GB
Solicitors
Hewitt and Gilpln
8 High Street
Holywood
Co. Down
BT18 9AZ

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) {contlnu8d)
Year ended 31 March 2024
Structur8. governance and management
Governing Document
Eastside Greenways is a company limited by guarantee and is a charity recognised by the Charity
Commission for Nl. It is a not for profft organisation.
The company was established under a Memorandum of Assoclalion which established the objects and
powers of the company and is govemed under its Articles of Association.
Appolntment of trustees
The Chairperson and the trustees recommend new trustees as needed. New trustees are recruited on
the relevance of their skills. and their potential to be able to make a helpful contribution to the
governance of the charity. As part of Ihis 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 be considered for appointment they can be co-opted by
the directors until formal voting by members occurs at the next Annual General Meeting.
Trustee Induction and training
A trustee induction process is in place for all group companies.
Organisation structure and how charity makes decisions
Eastside Greenways is governed 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 perfomiance to all board meetings.
Arrangements for setting pay and remuneration of key management personnel
The directors consider the board of directors. who are the charity'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. Detsils of directors, expenses and related
party transactions are disclosed in note 13 and note 20 to the accounts.
The pay of the senior staff is set by reference to NICVA guidance 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 basis when appointing new members of key management.

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure. governance and management (condnuedj
Relationships with related partles
None of our trustees receive remuneration or other benefit from their work with the charity.
Risk management
The company aims to mitigate the major risks it faces by implementstion of the following procedures:_
Significant external risks to funding have led to the development of a strategic plan which clearly
identifies funding requirements going forward., and
Internal control risks are minimised by the implementation of procedures for authorisation of all
transactions with a financial implication.
Directors
The directors serving during the year were as follows:.
M Gibson
A Hassard
A Mcmurray
E White
R Hunter
J E Hennessey
L Osbome
C Purdy

Eastside Greenways
Company Limlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2024
Objectives 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 well used, vibrant, dynamic and sustainable. An attractive
destination of outstanding quality for everyone to enjoy.,
The key to achieving this will be the ability for people to live healthier lifestyles in an improved physical
environment, and enjoy the benefits of a safer, cleaner, greener 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, safer. Cleaner. whilst connecting people and places and
making it attractive to visitors. Eastside Greenways will optimise available resources. opportunities,
expertise and influence.
The role of Eastside Greenways is to provide leadership, vision and coordination. and in partnership
with Belfast Cty Council and others to provide funding to deliver Belfast'sl Nl's leading greenway.
Eastside Greenways is committed to ensuring that Connswater Community Greenway is of a World
Class standard 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 life for thousands of local people,
ensuring the ongoing animation and sustainability 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 recognises the potential to build on the success
and lessons leamed from the Connswater Community Greenway by defining its object.,
'To promote the use and sheer enjoyment of green open spaces, parks, gardens, rivers and off - road
transport routes in East Betfast and its environs and the sustainable planning, design, management,
maintenance and improvement of them for the benefit of the public.,
It is Eastside Greenway's ambition to build on the success of the Connswater Community Greenway
by promoting and facilitsting the delivery of a network of greenways across east Belfast. that will
integrate in to city and regional netsvorks known as the 'EastSide Greenways, concept plan.
Eastside Greenways works in partnership with 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 4 fijll time members of staff during the course of the year, and managed a
team of 6 Greenway Leaders and volunteers.

Eastside Greenways
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (eofttinued)
Year ended 31 March 2024
Achievements and performance
The CCG is a £40m project which has been constructed in phases. Phase 1 of the project
(Orangefield and Victoria Park) was completed in 2014 with Phase 2 completing in April 2017. The
project was officially launched in September 2017.
The 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.
Public beneflt report
The work of Eastside Greenways was delivered under the below workstreams I themes to achieve the
Trust's ambition.
Community and stakeholder engagement. pmmotlng community developmen¢ community
cohesion and volunteering
ESG continue to attend stakeholder and community forums in east in order to engage with the
community widely. ESG continue to attend" Youth Practitioners Forum, Community Development
Café. Street Work forum, Health Forum and Dementia Friendly East Belfast.
The annual animation programme was delivered to support the positive use of the Connswater
Community Greenway and support the strategic aims of the project.
Throughout the year we delivered:
Schools engagement programme - X1 steering group meetings with local educators
Schools engagement - hosted X2 school visitlactivities to CCG
We supported a careers day in a local primary school focusing on environmental careers
Spring activities - Duck race, community race and Easter Fayre
Delivered X3 Pilates Taster sessions, X3 Baby Boogie sessions and X3 Fitness Freddy sessions
on CCG
Hosted X4 community engagement sessions
Delivered X6 targeted family activity sessions at Flora St Play Park
Supported ESL Summer Scheme programme
Delivered 'LNing the Green Way Fayre
Supported X1 community event 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
Delivered Parkfest
Supported monthly bird watching group
Weekly Walk Wednesday group continued and our Gentle Walk programme for old8r people and
people with mobility issues became weekly rather than twice monthly.
Our Adopt a Spot residents carried out 4 community clean ups on the Greenway and we facilitated 2
business clean up sessions
We have developed a new partnership with RSPBNI and are one of 18 community based
organisations across Nl Included in a Nature Neighbourhoods cohort which feeds into the Peoples
Plan for Nature.
We have developed a new partnership with National Trust Belfast to co-develop and deliver s create
programme on CCG inspired by Blossom and including community engagement.

Eastside Greenways
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Directorfs Report) (conllnued)
Year ended 31 March 2024
Achievements and performance {condnued)
Advancing education to create fralning and Development opportunlties. protect and enhance
open and green spaces
7 Greenway Leaders continue to support the project at events and activities as well as carrying out an
'Out and About, role. The 'Out and About, role includes engagement with users. observing and
reporting any issues and carying out a litter pick. Approx. 3 Greenway Leader Out and About
sessions take place each week now supported by our volunteers. Monthly volunteer task days on
CCG take place.
Monthly Kick Sampling sessions continue tske place. led by our Greenway Leaders wÉth data input
through the Riverfly Partnership. This allows us to gather data on the quality of the water in the river
along the Gr88nway, 3 public sessions were held which allows people to join in and learn about this
work.
We continued to deliver 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 X15 young people who have
gained accredited and non accredited training, volunteering, personal development and career
development support.
Economic regeneratlon through Tours, Heritage, Trails Development and impmving public
access to the arts
The annual Eastside Arts Festival took place including in person events. The Greenway was well
utilis8d for outdoor events throughout the festival.
The annual C.S. L8wis Festival took place with activity now focused on C.S. Lewis Square as a venue
The Urban Market takes place seasonally to link in with our own programme so" Easter. September
(back to school). Halloween and Christmas.
We supported the Belfast International Arts Festival performance in C.S. Lewis Square
We supported the July Weekender at C.S. Lewis Square and art workshops on the Greenway
Promoting use of the Greenway through marketing and communications, events, inft)m7ation
sharing and awareness
We hosted visits and presentations on CCG to a varlety of organisations including University of
Cranfield, University of Ulster, QUB students and more. We also launched Belfast Healthy Cities
Green Map and supported the launch of the UK Tree Equity Score which took place at C.S.Lewis
Square. We also spoke to 6 different PDH and Master students using CCG as a cas8 Study on
dissertations and were asked to speak at muttiple webinars including Outdoor Partnership Nl on
community engagement in developing green spaces. FOSS on community engagement and National
Trust on adapting for Climate Change.
We hosted meetings with Julie Harrison when she was permanent secretary for DFI and Naomi Long.

Eastside Greenways
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Achlevements and performance {¢ontlnued)
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 Resilience Strategy. An international focus on green recovery to rebuild and regenerate
communities is being explored across many sectors. ESG has developed a new report: Climate and
Nature Action: A Vision for the CCG which has been the focal point of a QUB led webinar and was
also presented at the Belfast City Council Resilience Board. CCG has been cited as a case study in
the Belfast Climate Action Plan
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 spaces as well as
engagement with local communities around the topic of climate change. ESG is a key partner in the
Groundswell Consortium whlch is led by QUB in Belfast but also includes universities and partners
from Edinburgh and Liverpool. This will lead to the development of new academic ￿Search. a Tnodel
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 extemal events. especialty C.S. Lewis
Square for example-, Belfast International Arts Festival, EBCDA Volunteer Event and LINCS Cultural
Event. With a focus going forward on income generation. Eastside Greenways has developed a new
Go Greenway Campaign which has clarified messaging around income generation for ESG as an
organisation and promotes donations, membership models. event booking. business partners and
more.
ESG has developed a new report Access and Inclusion on CCG alongside QUB and organisations
working in the area of access and inclusion such as Mae Murray Foundation, Disability Sport Nl, Age
Nl, Brain Injury Matters, Orchardville and more.
Promoting the enhancement and impmvement of the Greenway routss, physlcal activity and
health
Eastside Greenways continue to facilitate the city wide Greenway Development Group which includes
representation from; Belfast Harbour. Sustrans, DFI, Belfast City Council and West Belfast Partrjership
Board. The group met X3 times Ihis year.
ESG has been communicated with and included In consuftations around various developments In
CCG including the Sydenham Greenway, Montgomery Road and Island Street.
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 Arches area. This work has stalled, particularly in light of covid 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 taken
place since then. We have built new relationships with Glentoran Social Partnership and Victoria Park
Athletics Club.
We have supported the Residents, Association of Cherryvalley, Kensington and Shandon (RACKS)
by presenting at an annual meeting re possible greenway development here and connected them in
with Gavin Robinson M.P. around their concerns.

Eastside Greenways
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu8dJ
Year ended 31 March 2024
Flnancial review
The results for the year are set out in detail on pages 16 & 17. The company retumed a deficit for the
year of (£112.289) (2023.. £77.137 deficit)
At 31 March 2024, the total funds of the charity amounted to £635,725, (2023: £748.014), comprising
restricted funds of £19,323 (2023: £21,749), unrestricted funds of £49,528 (2023: £36,586) and
endowment fund of £566,874 (2023: £689,679).
The unrestricted funds are essential to provide sufficient funds to cover any unforeseen cosls which
may arise and fulfill the legal obligations of the charity in the event that Gurrent 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 term delivery of the
Connswater Community Greenway and the Eastside Greenways plan.
Investment powers and policy
The directors, having regard to the liquidity requirements of the organisation and to the reserves
policy, will operate a policy of keeping available funds in an interest-bearing deposit account.
Reserves policy and going concern
A policy has been implemented by the company in ord8r to recognise the charivs requirements for
reserves in light of the main risks to the organisation. It has established a policy whereby the
unrestricted funds not committed should equate to between 25¥0 and 50Yo 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 remain
aspirational.
Plans for future perlods
The charity plans continuing the activities outlined above in forthcoming year5 subject to satisfactory
funding arrangements.
Trustees. responslbilities statement
The 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 United
Kingdom Accounting Standards (United Kingdom Generally Accept8d Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the stste 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 Director's Report) (¢ontinueo)
Year ended 31 March 2024
In preparing these financial slatemenls. the trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting eslimales thal are reasonable and prudent..
prepare the financial statements on the going concern basis unless il is inappropriate lo presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient lo show and
explain the chartly's transactions and disclose with reasonable accuracy at any lime the financial
position of the charily and enable them lo ensure that the financial statemen15 comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval ol this report confirms that-.
so far as they are aware. there is no relevant audit information of which the charity's auditor is
unaware,. and
they have taken all steps that they ought lo have taken as a trustee lo make themselves aware of
any relevant audit information and lo 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 lo
the small companies exemption.
The trustees. annual report was approved on 6 December 2024 and signed on behalf of the board of
trustees by..
T Wilson
Charity Secretary

Eastside Greenways
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Eastside Greenways
Year ended 31 March 2024
Opinion
We have audited the financial statements of Eastside Greenways (the 'charity') for the year ended
31 March 2024 which comprise the statement of financial acttvities (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 Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources. including its income and expenditure, for the
year than ended:
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice"
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
r8sponsibililies for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the elhical requirements that are relevant to our audit of the financial
statements in the UK, including Ihe FRC'S Ethical Standard, and the provisions available for small
entities, in the circumstances set out below. and w8 have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit avidence 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 authorities and assist with the preparation of their organisation's
financial statements.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identrfied any material uncertainties relating to
events or conditions that. individually or collectively. may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
stat8m8nts ar8 authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described
in the relevant sections of this report.
10

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (¢¢)ntinued)
Year ended 31 March 2024
Other Infomiation
The other information comprises the information included in the annual report, other than the financial
ststements and our auditor's report thereon. The trustees are responsible for the other infomiation.
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 form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misslatements. we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other infomiation. If, based on the work we have perfonned. w8 conclude
that there is a material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our oplnlon. 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 applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the charity and its environment obtained 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:
adequate accounting records have not been kept. or returns adequate for our audit have not
been received from branches not visited by us. or
the financial statements are not in agreement with the accountlng records and returns; or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audlt. or
the trustees were not entitled to prepare th8 financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
11

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (eontinued)
Year ended 31 March 2024
Responslbilities 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
statements and for being satisfied that they give a true and fair view. and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable, matters related to going concern and using the
going concem basis of accounting unless the trustees either intend to liquidate the charity or to Cease
operations. or have no realistic alternative but to do so.
12

Eastside Greenways
Company Limited by Guarantee
Independent Audltor's Report to the Members of Eastside Greenways (eontlftu8dJ
Year ended 31 March 2024
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement. 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 consid8red material if. individually or in the
aggregate. they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities. including fraud. are instances of non-compliance with laws and regulalions. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. Th8 extent to which our procedures are capable of detecting
irregularities, including fraud is d8tai18d below:
In identifying and assessing risks of material misstatement in respect of irregularities, 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.,
detecting and responding to the risks of fraud and whather 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 component audit
teams and relevant internal 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 result of these procedures, we considered the opportunities and incentives that may exist within
the organi5ation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK). we are also required to perfomi 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 th8 financial statements. The key laws and regulations we considered in
this context included ongoing compliance with the UK Companies Act and tax legislation.
In addition. we considered provisions of other laws and regulations 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.
13

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (contlnued)
Year ended 31 March 2024
As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain
professional scepticism 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 perfomi audit procedures responsive to those risks, and obtsin 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 error,
as fraud may involve collusion. forgery. intentional omissions, misrepresentalions, or the override
of intemal 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 effectiveness of the intemal control.
Evaluat8 tha 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 uncertainty exists related to
events or conditions that may cast significant doubt on the chartvs 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 related disclosures in the financial statements or. if 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 transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with govemance regarding. among other matters. the planned
scope and timing of the audit and significant audit findings. including any significant deficiencies in
intemal control that we identify during our audit.
14

Eastside Greenways
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Greenways (oontlnu8dJ
Year ended 31 March 2024
As explained more fully in the Trustees, Responsibilities Statement (set out on page 10), the Irustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view. Our responsibility is to audit and express an opinion on the financial statements in
accordance with applicable law and International Standards on Auditing (UK). Those standards
require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,, in
the circumstances set out in note 21 to the financial statements.
Use of our report
This report is made solely to the charity's 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 state to the
charity's members those matters we are required to state to them in an auditor's 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 fomied.
Paul Dolan FCA (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountant5 & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
6 December 2024
15

Eastside Greenways
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted Endowment
funds
funds Total funds
2023
Unrestricted
funds
Total funds
Nole
Income and endowments
Donations and legacies
Charitable activities
Olher trading activities
Investment income
628
628
94,647
7,410
4,904
384
60,868
13,049
1,164
94,647
7,410
4.904
Total income
12,942
94,647
107,589
75,465
Expenditure
Expenditure on
charitable activities
97,073
122,805
219,878
152,602
152,602
Total expenditure
97,073
122.805
219,878
Net expenditure and net
movement in funds
12,942
{2,426) (122,805) 1112,289)
(77,137)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
36.586
21,749
689.679
748,014
825,151
49,528
19,323
566,874
635,725
748,014
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 18 to 26 form part of these financial statements.
16

Eastside Greenways
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
CuTrent assets
Debtors
Cash al bank and in hand
14
23.288
636.487
5,472
765,484
659.775
770,956
Creditors: amounts falling due within one year
Net current assets
15
24.050
22.942
635.725
748.014
Total assets less current liabilities
635,725
748,014
Net assets
635,725
748,014
Funds of the charity
Endowment funds
Reslricled funds
Unrestricted funds
566.874
19.323
49.528
689.679
21.749
36,586
748,014
Total chartty funds
17
635,725
These financial statements have been prepared in accordance with the prowsions applicable lo
companies subject to the small companies, regime.
These financial slatements were approved by the board of Iruslees and authori5ed for issue on 6
December 2024. and are signed on behalf of the board by..
A H Ps*PKr
The notes on pages 18 to 26 form partoftheye financial 8tatsmgnts.
17

Eastside Greenways
Company Limited by Guarantee
Notes to the Flnanclal Statements
Year ended 31 March 2024
General information
The charity 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 registered office
is Avalon House, 2781280 Newtownards Road, Belfast, Co. Anlrim. 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 prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial ststements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charitys ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage 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 presented.
Judgements and key sources of estimation 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 believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the 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 through the temis of an appeal, and fall into one of bNo
sub-classes: restricted income funds or endowment funds
18

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements {continued)
Year ended 31 March 2024
Accounting policies (contlnued)
Incoming resources
All incoming resources are includ8d in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction
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 grants is recognised when there is evidence of entitlement to the
gift. receipl is probable and its amount can be measured 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 unl8SS this is
impractical to measure reliably. in which cas8 the 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 measured. No amounts are induded for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if 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 classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charilable activtties includes all costs incurred by a charity in undertaking
activities that further its charitable 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 use of the resource. Direct costs
8ttributable to a single activity are allocated dir8Ctly to that activity. Shared costs ar8 apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognlsed only when the charity becomes a party to the
contractual provisions of the instrument.
19

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 31 March 2024
Accounting pollcles (¢ontlnued)
Financial instruments (contlnuedj
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently 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
cost18ss impairment.
Other financial instruments, including derivatives. are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business temis or financed at a rate of interest
that is not a market rate, in which 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
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impaimient at the end of each reporting date. If there is objective evidence of impairment, an
impairment 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 are
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.
Defined contrlbutlon 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 asset to the extent
that the prepayment will lead to a reduction in futur8 payments or a cash refund.
When contributions are not expected to be sett]ed wholly within 12 months of the end of the
reporting date in which the employees render the related service. the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
20

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
Llmited 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
Unrestrtcted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
Donations
628
628
384
Charitable activities
Restricted Total Funds
Funds
2024
Restricted Total Funds
Funds
2023
Belfast City Council
KNIB
International Fund
EBCDA
National Trust
5,496
5,496
6.764
2,000
51,604
500
6,764
2.000
51.604
500
66,651
66,651
22.500
22.500
94.647
94.647
60.868
60,868
Other trading actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Intercompany Income
Other income
12.119
930
12.119
930
7,410
7,410
7,410
7,410
13.049
13,049
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
4.904
4.904
1,164
1,164
21

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (eontinu8dJ
Year ended 31 March 2024
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Promotion of the Use of Connswater
Community Greenway
Other grant programmes
PYDP Programme
Governance costs
106,117
8,494
75,178
16,058
122.175
8,494
88,579
630
112.587
9.264
30.151
600
13.401
630
189,789
30,089
219,878
152.602
10. Analysls of support costs
Analysis of
support costs Total 2024 Totsl 2023
Premises
General office
Finance costs
Governance costs
21.304
555
7.600
630
21.304
555
7,600
630
18,612
284
7,534
600
30,089
30.089
27,030
11. Auditors remuneration
2024
2023
Fees payable for the audit of the financial statements
630
630
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
121,796
10,307
8,211
71,801
6,035
4,661
140,314
82,497
22

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 31 March 2024
12. Staff costs fcontlnued)
The average head count of employees during the year was 10 (2023: 7). The average number of
full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
Full time employees
Part time employees
10
No employee received employee benefits of more than £60.000 during the year (2023.. Nil).
13. Trustee remuneration and expenses
The Charity Trusteas w8r8 not paid or received any other benefits from employment with the
Charity in the year (2023: £NIL). No Charity Trustee received payment for professional or other
services supplied to the Charity (2023: £NIL).
14. Debtors
2024
2023
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
2.886
4,123
1.349
20.402
23,288
5,472
15. Creditors: amounts falling duo within one year
2024
2023
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Other creditors
5,283
17,789
400
578
5.424
16.540
400
578
24,050
22,942
16. Pensions and other post retirement benefits
Defined contrlbutlon plan5
The amount recognised in income or expendlture as an expense in relation to defined
contribution plans was £8.211 (2023.. £4.661).
23

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinued)
Year ended 31 March 2024
17. Analysls of charitable funds
Unrestricted funds
At
1 April 2023
At31
Income Expenditure March 2024
General funds
36,586
12,942
49,528
At
1 April 2022
At31
Income Expenditure March 2023
General funds
21.989
14.597
36.586
Restricted funds
At
1 April 2023
At31
Income Expenditure March 2024
Belfast City Council - Get active on
Greenway
BCC Greenway Celebrations
Keep Nl Beautiful Challenge
International Fund
EBCDA
BCC Sport
BCC Community Festivals
National Trust
Belfast City Council-Participatory
Budgeting
1,500
3,000
{1,500)
(3.000)
296
296
21,453
66,651
{88,579)
(475)
22.500
(2,998)
19,502
996
(996)
(97.073)
21.749
94.647
19,323
At
1 April 2022
At31
Income Expenditure March 2023
Belfast City Council - Get active on
Greenway
BCC Greenway Celebrations
Keep Nl Beautifijl Challenge
International Fund
EBCDA
BCC Sport
BCC Community Festivals
National Trust
Belfast City Council-Participatory
Budgeting
296
1.991
2.000
51.604
500
1.000
3.773
(1.991)
(2.000)
(30.151)
(500)
(1.000)
(3.773)
296
21.453
296
60,868
(39.415)
21,749
24

Eastside Greenways
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Analysis of charitable funds (¢ontlnu¢d)
International Fund for Ireland restricted fund is in deficit of £475 at 31 st March 2024 due to timing
differences between expenditure being incurred and funding being drawn down from the fijnder.
Endowment funds
At
1 April 2023
At31
Income Expenditure March 2024
Belfast City Council
689,679
(122,805)
566,874
At
1 April 2022
At31
Income Expenditure March 2023
Belfast Cty Council
802.866
(113.187)
689,679
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 Ihe
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 Endowment Total Funds
Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assets
63,452
(13,924)
49,528
22,341
(3.018)
19.323
573,982
(7,108)
566.874
659,775
(24.050)
635.725
Unrestrtcted
Funds
Restricted Endowment Totsl 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
19. Taxation
The Charlty's activities fall within the exemptions afforded by the provislons of the Income and
Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
25

Eastside Greenways
Company Llmited by Guarantee
Notes to the Financial Statements {¢ontinued)
Year ended 31 March 2024
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 party transactions to disclose for
2022123 or 2023124.
21. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare
and submit returns to the tax authorilies and assist with the preparation of the financial
stslements.
22. Contingencles
A contingent liability @xists to repay grants r8C8iV8d should certain conditions not be fulfilled by
the charity. In the opinion of the Trustees, th8 terms of th818tt8rs of offer have b88n, now will be.
complied with and no liability is expected.
26