SpeGtrum Centre Trust
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Unreslricled
fvnd$ Totsl funds
2024
Total funds
lTrcorne and endovmients
Donations and legacie5
Other tradin9 activities
Total incorne
2,500
2.500
3.553
697
2,500
2.500
4,250
Expenditure
Expenditure on charitable aGtiwtie$
Totsl exp?ndlture
(11,3551
(11,3551
(11,355)
111,355)
5,432
5,432
Net incomel{expenditurn) and net movqrnent in fvnd5
13,855
13,855
(1,182)
Reconciliation of funds
Total funds brought forward
Total funds carriod fonyard
(15.655)
(1.800)
(15.8551
{1.800)
{14.473)
(15.655)
The statement of financial actrvtties includes all g￿n$ and Josses recognised in the year.
All income and expenditure dertve frorn continuing actÈvities.
The notss on pages B to 13 fomi part ofthese fftnanclal statements.

Spectrum Centre Trust
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Current assets
Cash at bank and in hand
480
1,355
Creditors: amounts falling due within one year
Net current liabilities
12
2,280
17,010
1,800
(1.800)
15,655
Total assets less current liabllities
(15,655)
(15,655)
Net liabilities
(1,800)
Funds of the charity
Unrestricted funds
(1,800)
(1,800)
(15,655)
(15,6551
Totsl charity funds
13
For the year ending 31 March 2025 ihe 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 responsibilrtres for comptying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have b￿n prepared in &cordance with the provIs￿nS applicable to
companies subject to the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on 7
October 2025, and are signed on behalf of the board by:
Mr J S Redpath
Trustee
The notes on pages 8 to 13 forni part of these financial statements.

Spectrum Centre Trust
Company Llm ited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General information
The charity is a public benefit entty and a private company limited by guarantee, registered in
Northem Ireland and a registered eharity in Northem Ireland. The address of the registered office
is 331 Shankill Road. Belfast, BT13 3AA
ststemént of compliance
These financial statemerbts have been prepared rn compliance wth FRS 102, The FinanGial
Reporting Standard applicable in the UK and the Republic of Ireland., the Stalemenl of
Recornmended Practice applicable lo tharities preparing their accounts in accordance wrth the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charrties
SORP IFRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical ¢o$t basis. as mOdif￿d by the
revaluation of certain financial assets and liabilitres and investment propeities measured at fair
value through income or expenditure_
The financial statements are prepared in sterling, which is the funcfional Currer￿Y of the entity.
Going concern
There are no material uncertarnties about the tharitys abilty to continue.
Judgements and key sources of estimation uncertainty
The judgements (apart from those in¥olwng estimations} that management has made in the
process of apptying enth"ty's accounting policies and that have the most 5ignifi¢ant effect on
the amounts recognised in the financial statemenls are a5 follows".
Fund accounting
Unrestricted fvnd5 are avadable for use al the discretion of the tfustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitmenL
Restricted fijnds are subjected to restrictio￿$ on their expendiiure declared by the d(￿Or or
through the temis of ￿ appeal. and fall irrto one of sub<lasses: restricted income funds or
endowment funds.

SpeGtrum Centre Trust
Company Llmfted by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
A¢¢ounting policies fcvnlinued)
Incoming rnsources
l incoming resources are induded in the statement of financial activib.es when entillernent has
passed to the ¢harity.- il is probable that the economic benefits associated with the transaction
ill flow to the charrty and the amount can be reliably measured. The following spectfic 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 ff￿aSured rdiabty-
legacy income is recognised when receipt is probable and entiuement is established.
income from donated goods is measured at the fair value of the 9oods unless this is
impractical to measure reliabty. in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated facilities and seNices are reccfvjnised in the
accounts when re￿iVed if the value can be reliably measured. No amount5 are included for
the contribution of general volunteers.
income from contracts for the suppty of servlces is recognised with the delivery of the
contraGted service. This is dassified as Un￿StrICted funds unless there is a conlraclual
requirement for it to be spent on a parti￿lar purpose and returned rf unspent, in which case
t may be regarded as restrbcled.
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be frjlly recovered. and is classified under headings of the statement of
financial activities to which tt relates:
expenditure on raisin9 funds indudes the ts)sts of all fundraising actsv1t￿s. events.
notKharitable trading acb'vylies. and the sale of donated gocrfJ5.
expenditure on charbtable actsvitses includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of rts beneficiaries. including those
5UPPOrt costs and costs relatsng lo the govemance of the charity apportioned to Charitable
activrties.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on Gharitable xtivitses.
All costs a￿ allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single aclivity are allO￿ted directly to that activtty. Shared costs are appO￿oned
be￿een the activities they contribute lo on a reasonable. justifiable and consistent basis.
Finan¢lal Instruments
A financial asset or a financial liabiliiy is recognised only when the charity becornes a party to the
contrathual provisKins of the instrumenl.

SpeGtrum Centre Trust
Company Limtted by Guarantee
Notes to the Financial Ststements (conllnuedj
Year ended 31 March 2025
Accounting policies (continued)
Financial instruments (cuntinuedj
Basic financial instruments are inibally recogni8ed at the amount receivable or payable induding
any related transaction costs.
Current assets and current liabilities are subsequentty measured at the cash or other
consideration expeded lo be paid or received and not discounted.
Debt instruments are subsequentty measured at amortised cosL
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably. the Investment is Subsequent￿ measured at fair value with changes n fair value
recognised in income and expenditure. All other such inve5trnents are subsequently measwed at
ost less impaimient.
Other finanelal instruments. induding derivative5. are Initialty recognlsed at fair value. unless
payment for an asset is defeffed beyond no￿al business tems or financed at a rale of interest
that is not 8 market rate. in whieh case the asset is measured at the present value of the fuiure
payments discounted al a market rale of interest for a similar debt instrument
other financial instruments are subsequentty measured al fair vatue, with any changes
reco9nised in the statement of financial activities. with the exception of hedging instruments in a
designated hedglng relationship.
Financial asset5 that are measured at cost or amortised cost are revtewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment. an
impaimient loss is recognised under the appropriate heading in the statemenl of financial
activilies in which the inits'al gain vras recognised.
For all equity instruments regardless of ￿gn￿¢a￿ce, and other financial assets that are
individually signfficant. these are assessed indNidualty for impairment. Other financial assets are
either assessed individualty or grouped on the basis of similar credit risk characleristi¢s.
Any reversals of impairment are Tecognised immediately. to the extent th* the reversal doe5 not
result in a carrying amount of the finaneial asset that exceeds what the carrying amount would
have been had the impaimient not previousty been recognised.
Lirnitsd by guarantse
The company. being a compary limited by guarantee. does not have share capital. The Ilability of
members ofthe company lonited to £1 per wnember.
Donations and legacies
Unrestrirted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Grants
Grants receivable
2,500
2.500
3.553
3,553
10

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2025
Other trading activities
UnreSt￿led Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Other trading income
697
697
Expenditure on charitsble activities by fund type
UnrestrKted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2Q24
Charitable Activities
Support costs
(13.759)
2.404
(13.759)
2,404
2.909
2,523
2,909
2,523
(11.355)
(11.355)
5,432
5.432
Expendlture on Charitable activlties by activity type
Activities
undertaken
directly Support costs
Tolal funds
2025
Total lund
2024
Charitable ActivitEs
Governance costs
(13,759)
124
2.280
(13,635)
2.280
3,038
2,394
(13.759)
2,404
(11.3551
5,432
Analysis of support costs
Analysis of
support eosls Totsl 2025 Total 2024
Finance costs
Governance costs
124
2.280
124
2,280
129
2.394
2,404
2,523
10. Independent examination fees
202S
2024
Fees payable to the independent exarniner for=
Independent examinat1￿ of the financial statements
2280
2,390
11. Trustee Temunerdtion and expenses
No renumeration or other benefts from employment wilh the chaTity or a related entity were
re¢eNed by the trustees IPY'.nil).
11

Spectrum Gentre Trust
Company Limited by Guarantee
Notes to the Financial Statements (¢gnlinvqdJ
Year ended 31 March 2025
12. Creditots: amounts falling due within one year
2025
2024
Trade credrtors
Arnounts owed lo group undertakings
AccrLFals and deferred income
Social security and other taxes
480
2,280
2,394
11.856
2.280
2,280
17,010
13. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2024
Ineome Expenditure
Transfers
General funds
(15,655)
2,500
11.355
{1.800)
At
31 Marth 202
1 April 2023
Income Expenditure
Transfers
General fun¢ts
(14.492)
4.250
(5.432)
19
(15,65SI
14. Analysis of net assets between lunds
Un￿StriCted Totsl Funds
Funds
2025
Current assets
Creditors less than 1 year
Net liabilities
480
{2.2801
(1.8001
480
12.280)
{1,800)
Unrestricted Tot￿ Funds
Funds
2024
Current assets
Creditors less than 1 year
Net liabilities
1,355
(17.010)
(15.655)
1,355
{17,010)
{15,655)
15. Ethical 5tandard$
In common with many other businesses of our size and nature we use our auditors to prepa
and submit retums to the tax authorities and assist with the preparation of the financial
statements.
12

Spectrum Centre Trust
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinued)
Year ended 31 March 2025
16. Taxation
The Company is a registered charity. and as such is entitled to tax exemptions on income and
profits in furtherance of the charrty's primary objectives.
17. Contingencles
A contingent liabiltty exists to repay grants and Trust monies re￿Ived Should certain conditions
not be fu￿111ed by the charity. In the opinion of the Trustees. the temis of the Letters of Offers
have been. orwill be. complied with and no fiability is expected.
18. Related parttes
Greater Shankill Partnership Property Development Co. Limited
Greater Shankill Partr¢efsip Property Development Co. Limited C'GSPPD") is a wholly owned
subsidiary of GSP.
Nature of transaclions during the year.
2025
2024
19. Controlling party
Spectrum Centre Trust is a wholly owned subsidiary of Greater Shankill Partnership. a company
limited by guarantee, registered in Nothem Ireland and a registered Charity in Northern Ireland.
The address of the reglstered office 1$ The Spectrum Centre. 331-333 Shankill Road. Belfast,
BT13 3A
13