Spectrum Centre Trust
Company Limited by Guarantse
ststement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Other trading activities
Total Income
3,553
697
3,553
697
5,998
5,998
4,250
4,250
Expenditure
Expenditure on charitable activities
Total exponditure
5,432
5,432
5,432
5,432
7,374
7,374
Net expenditure
(1,182)
{1,182)
(1,376)
Transfers between funds
19
{19)
Net movement in funds
(1,1631
(19)
(1,182)
11,376)
Reconcillatlon of funds
Total funds brought forward
Total funds carrled forward
{14,492)
(15,655}
19
(14,473)
(15,655)
(13,097)
(14,473)
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 8 to 14 form part of these financial ststements.

Spectrum Centre Trust
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Current assets
Cash at bank and in hand
1,355
3,801
Creditors: amounts falllng due wlthln one year
Net current liabilities
12
17,010
18,274
15,655
14,473
Total assets less current liabilities
(15,655)
(15,655)
114,473)
114,473)
Net liabilities
Funds of the charlty
Restricted funds
Unrestricted funds
19
(14,492)
(14,473)
(15,655)
(15,655)
Total charlty funds
13
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial ststements 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 4th
September 2024, and are signed on behalf of the board by..
Mr J S Redpath
Trustee
The notes on pages 8 to 14 forni part of these financlal statements.

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial 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 331 Shankill Road, Belfast, BT13 3AA.
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 1021 (Charities
SORP {FRS 102)) and the Companies Act 2006.
Accountlng pollcles
Basls 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 statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimatlon uncertalnty
The judgements (apart from those involving estimations} that management has made in the
process of applying the entity's accounting policies and that have the most significant effect on
the amounts recognised in the financial statements are as follows..
Fund accountlng
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 project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or
endowment funds.

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
Accounting policies (contlnued)
Incoming resources
All incoming resources are included 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, receipt 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 unless this is
impractical to measure reliably, in which case 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 included 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 returned 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<haritable trading activities, and the sale of donated goods.
expenditure on charitable activities 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
attributable to a single activity are allocated directly to that activity- Shared costs are apportioned
be￿een 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 provisions of the instrument.

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
Accountlng policies (contlnued)
Financial instruments (continued)
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
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 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 ststement 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 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,
Llmlted by guarantee
The company, being a company limited by guarantee, does not have share capital. The liability of
members of the company is limited to £1 per member.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Grants
Grants receivable
3,553
3,553
10

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial Ststements (contlnued)
Year ended 31 March 2024
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Other trading income
697
697
5,998
5,998
Expenditure on charltable activities by fund typo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Charitable Activities
Support costs
2,909
2,523
2,909
2,523
5,432
4,971
2,403
7,374
4,971
2,403
5,432
7,374
Expendlture on charitable actlvltles by actlvlty type
Activities
undertaken
directly SLJPPOrt costs
Totsl funds
2024
Total fund
2023
Charitable Activities
Governance costs
2,909
129
2,394
2,523
3,038
2,394
5,094
2,280
2,909
5,432
7,374
Analysls of support costs
Analysis of
support costs Total 2024 Total 2023
Finance costs
Governance costs
129
2,394
129
2,394
123
2,280
2,523
2,523
2,403
10. Independent examlnation fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
2,390
2,280
11. Trustee remuneration and expenses
No renumeration or other benefits from employment with the charity or a related entity were
received by the trustees.
11

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2024
12. Creditors: amounts falling due wlthln one year
2024
2023
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Social security and other taxes
480
2,280
2,394
11,856
2,180
1,250
2,988
11,856
17,010
18,274
13. Analysls of charitabla funds
Unrestrlcted funds
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
General funds
114,492)
4,250
(5,432}
19
(15,655>
At
31 March 202
At
1 April 2022
Income Expenditure
Transfers
General funds
113,116)
5,998
(7,374)
(14,492)
Restricted funds
At
51 March 202
At
1 April 2023
Income Expenditure
Transfers
Restricted Fund 1
19
(19)
At
31 March 202
At
1 April 2022
Income Expenditure
Transfers
Restricted Fund 1
19
19
12