REGISTERED COMPANY NUMBER: N1622030 (Noi'thei'n Ireland) REGISTERED CHARITY NUMBEI R: 101477 Reiioi't of the Ti'ustees and Unaudited Financial StRtements for Éhe Yeai. Ende(131 December 2023 for Glentoran Social Partnership (A CompAny Limited by GunrAntee) Mcllveen Hoivai'd Limited Cl)ai'lei'ed Accountants 169a Upper NeiNtoivnai'ds Road Belfast BT4 JHZ
Glentoran Social PArtnei'ship Contents of the Finaiieial Statements foi. the yeAI' ende(131 December 2023 Page Report of the Ti'ustees 1 tr1 7 Independeiit Examiner's Report Statement of Finxncial Aetivitie5 Balance Slieet 10 Notes to tlie Finil nciRI Statements I I to 16
Clentoi'aii Social Pai'lnersliip (Registei'ed numbei.: N1622030) Report of the Tj'ustees for tlie year ended 31 December 2023 The Ti'ustees, who are a150 the DirectOl'5 undei. the provisions of the Companies Aci 2006, siibmil theii. annual repoit and the finaiicial slalements of the chai'ily for the yeai. ended 31 December 2023. The Trustees ivould wish lo thank all those comniunity pa11rte who have woi'ked with lis lo delivei. on the objectives of tlie chai'ity. The pei'iod 5aiv an uplift in a¢livity with the volunleeis associated with GSP ii'oi'king to meet Ihe needs ot oui. coinmunilies Ihiough an All Age Community Suppoi'l Initiative as well as specifically in collaboi'ation iviih W1( Ikivay Community Cei)ti'e, the Rio Ferdinand Foui)dulioi) and specified chai'ilable causes. Tliei'e has been an emphasis on pi'oviding veiy iieeessaiy pi'aelical help in tei'nis of meeting basic food needs (within aiid outside the Glenloi7n 'faniily'l whilst also covering the health and ivellbeing issues which al'e becomiiig Inoi'e pi'evalent aciDss our coi))munities. As highlighted in the previous 'fi'ustees Repoi'l the Glenloi'an Recreation Company Liinited and all ils holdings wei iiieluded in a pailial aLquisilioi) by an oiitsidc investoi. team witli The Glenloiaii Social Partiieisliip fvlly included as an inipoilant element of tlie overall sli'u¢luiE. The Ti'uslees ii'oiild like to I'ecord that they coi)linue lo be encoiii'aged by the invesloi. team's cleai. inleiil lo exploi'e vai'ious options and oppoi'tuiiilics lor the GSP lo align iviih Iheii. desiiE to see Glentoran al the heail of the coinn)uiiity. This has beeii I'eilei'ated dui'ii)g Il)is yeai. and Ilie Ti'uslees remain encouraged by this. It should also be noted that despite the I'eluin of thc Nl Asseinbly and Execiitive, tliere Continues lo be limited activity sociated with the Regional Stadia Plan. Meetings have been lield I4Iith govei'nment officials aiid also the Minislei. foi. Communities, Consei'valive Minislci. responsible toi. stadiun) funding and MP foi. East Belfast. The woi'k in support of oiii- local commiinity (and fiirtliei. afield} is at the heart of the planning application submitted b), Glenloran Reci'eation Company as Iliey iindei'took initial scoping exei'cise5 10 include the piDvision ot cominunity space and I'esoui'ces ivithin a new Stadium ivhich ivould ui)dcrpin much of the woi'k of GSP and provide both a hub fi'om ivl)ich lo operate as well as community resources foi. social enterpi'ise acliviti,. The Ii'ustees Nvould ivish lo highlight tl)e fact that the vast Inajoi'ity of the GSP activities have been provided iviih both the existing volunteer 0upS along with additional helpers ai)d acknowledge the tmendOuS effoi1s made to pursue our objects. OBJEI cfivES AIYD ACTIVITIES Objectives & Activities The Objects of tlie GSP I'einain centi'al to the overall aim5 of the GSP namely. a) To pioinote community pai'tlCiP<ltion in healthy I'ecreation, paiticulai'ly in CJl'eatei- East Beifa51, Ivitlioul rcfei'enee lo sex, sexuic l oricntalion, l'ace ethnicity, creed, oi. SOCil< I backgiouiid, bs, pioviding ai)d assisting in the piDvision of facilities foi. tlie playing offooiball and otlicr spoils cgpable of inipn)ving health bl To advance the physical ediicalion of yOLing people by coachiiig in and pioviding facilities for the game of football and other spoils and reci'ealional activities so as lo develop theii. physical, mental, and spiritual capabilities to tnable Iliem lo giDW lo hll maturity as individuals and membeis of society c) To pix)vide aiid assist in pi'oviding facilities for spoil, I'eciEation or other leisiii'e tiine occupation of siicl) pei'sons who have need foi. SLiclI facililies by I'eason of thcii. )'ouih oi. social oi. economi¢ cii'¢um8tances oi. for the piil)lic at lai'ge in Ilie intei'esls of social welfai'e and ii'ith the objccl of impioving tl)eii' eondilions of life. d) To advance communily development by proi)ioting co-operation &nd.joinl activities between comniunity, voliiiitaiy and slaluloiy 01-ganisations e} To promote eqiiality, diveisily, and religiou5 and I'acial hamony O To promote other chai'ilable pui'poses a5 may from lime to tinie be deleiinined. Dui'ing the yeai. in queslioii the GSP activities deiieloped and gi'ew, having been ieslricled over pi'eiiioLlS yeais, as noi'inality I'etui'ned folloNving Ilie ending of the pandeinic. The Ti'ustees have ivoi'ked with and Collaboi'ated with othei. sections ofihe Glentoi'an family lo piii'sue the above objeclives on a volunleei. basis. Page I
Glentoi'an Soeial Paitnei-ship (Registered numbei.: N1622030) Repoi-t of the Triistees for tlie yeAr ende(131 Decembei. 2023 OBJEICTIVES AND ACTIVITIES Public Benefit During the period of this repoit IhelE was an emeigiiig need lo I'efociis attention towai'ds community based initiatives 10 reach all age gi'oups. Whilsl iylaining an interest in the Glenloran Acadeniy it ivas considei'ed that the level of suppoi'l aiid progiamnJes establislied within the Acadeniy Sii'uctui'e i¥ould enable GSP to coiieenli'ale on community needs. Tl)e Trustees have delei'inined that the linie wa5 right to expand effoi'ls undei. the theine of Glentoi?n in The Commiinity wliicli will be fvi'ihei. developed dui'ing 20240. This is Inaii)ly diie lo the Inoi'e settled ai'i'angemenls piit ii) plaee post ihe Investoi. Take Ovei. as ivell as the geneial lifting ofall pi'eviou5 Covid restrictions. ACHIEVEMEI NT AND PERftORMANCE Dui'ing this period, il Kvas considei'ed necessaiy lo establish and ad-hoc steering giY)up to LOOI'dinclte I'esoui'ces and ideiitify pi'ioi'ities. It is also impoi'lanl lo note that GSP is beii)g iiicreasingly I'ecognised for ils initiatives through the aivai'd of Reconnect Gi'ants froin Belfast City Council and also a Grant from Halifax Fouiidalion lo suppoi't tlie ivoi'k of the Ii)clusion Section of the club, along with funding Ii'oin Bai'clays Community Fund and Depaitment of Infi'asli'ucture Living Spaces and Places. As a result of which The Ti'ustees are pleased to I'eport the folloiving acl)ievetnenls All Age Comiiiuility Support Initiative.. Meals foi. the Cominunity including Gfc Meals on Wheels, Food Hainpei's {residenls}, Homeless Suppoi'l (Hclvcn), Match Day Fainily Zone, M<1tch Day In¢liisioi) PIDgrammes (Cross Cominunity), Commiinity l-.un Days, Clii'islinas, 8nd Eastei. Festivals (C S l.eivis Sq.), Youth in Actioi) (Rio Fei'dinand Foundation). As ivell as pi'oviding veiy praelical support, all of the above is underpiiined with the desii'e lo promote healtli & ivellbeing, social inclusion and coinmunily spii'il aci'oss the age gi'oups and Specific larget gi'oups. Suppoil ivas also provided foi. the Kiiigs Coionatioi) celebi'alions, pi'oviding food and oli the gi'ound support foi. a local street paity. Comniunity Fun days in partnership ivith local I'esidenls and comtnunity oiganisation5 wei'e also suppoiled in I'especl of Connsivater Gi'eei)way. Di'op in sessions iirei'e Iicld al Si Chi'istophei's Chui'ch aiid ilie larder food bank called 'Hello Neighbour" as ivell as a 'Pop in and Play" 5cssion on Monday eiienings held at Connsivalei. Community Cenli'e suppoi1cd by first team sqiiad pla}'eis and attended by young people fiDin the local ai'ea. T])e cliib also provided match day tickets via the GSP to local schools via the "Tei'i'aces nol TV" initialive ivhich saw 100 IiLkels issiied on a IDEalioi)al basis to local schools. Cliai'ity Effoi't: Relat1011ships have beeii developed Pith English teams Bui'nley) Evei'lon and Livei'pool community ai'ms ivith this being used to sliai'e best practice. In addition a significant amount of no cost volunteer community, aeliiiity ivas achieved IhiDiigh GFC Club Volunteei's, Senior Team Pla}iei's & Staff, and I'ecognised Chai'ilies sucli as Rio Fei'dinand Fouiidalion, Neivfoige Coinmunily Development Ti'iisl, Si)oii Against Racisni Ireland {also including Gleiiloi'an-lnsaka Academy Nigei'ial. The Monday Squad (Men5 Shed) i))aintenaiice leaiii conlinlies to pi'ovide a very neccssaiy point of contact foi. mainly IEIiiEd supportei's ivho voluiileer each week to pi'ovide grounds maintenance and genei'al Mioi'k associated witli Health & Salety foi. example. The Trustees ivould ¥vish to I'ecoi'd Iheii. tliaiiks lo the sinall band of cott volunleeis ivho oversaiv maiiy of tlie pi'aclical effoi1s thi'oughoul the pei-iod and iiiho Kvere able to iiiobilise tlie nicil)y lielpei's requiiEd to achieve all ol'the above. 11 should also be noled that the GSP Inodel and activity is l)eld as a best in class by the team at the Irish Football Association and an exainple lo oihei. clubs on ho, lo intei'aLI with the ¢oininiinity. The GSP has offered to ivoi'k iviih the IFA Foundation to help develop siniilar woi'k aci'oss all Irish League teams. Page 2
Gleiitori?n SoeiAI Painersl)ii) (Registered iiumber: N1622030) Report oftlie Trustees foi. the year en(led 31 Deeembei. 2023 Key areas of focus foi. GlentorHRI SociAI Pxi'tnershii) are: Advaiice pl)ysical fitness and mental health and ivellbeing toi. young people by piY)viding oppoiliiiiities lo for coacliinglineiiloring and access to tacilitie5. Pl[nOte equality, divei'sity and inclusion ensLlI'lI)g I'eligious and racial harinony Siippoi't tl)e coinmui)ity wilh oihei. cliai'itable pui'poses such as cominunity cohesioii, food SUPPDII, and education & ti'aining pathiiiays. Dui'iiig the pei'iod Glenloi?n Social Pai1neiEhip continued to keep in touch with the local con)munity Ihiough meals on vheels pi'ogi'an15, fi'tc football skills cainps, fitness progi'ams foi. people with disabilities, sLhool nienloiship pi'ogi'ammes are jiist a few exainples of the ivoi'k completed by the chai'ity. Additionally a Gil'ls Scholai'ship pi'ogramme comnienced. Imi)aet aiid Highlights of tlie Year The folloiving activities ai'c called out 11) 2022-23 Glentoi'an Social Pai'lneiship PlDvided 2,000 (1,942) meals foi. the local community, covei'ing the BT4, BT5 & BT6 ai'ea, siippoi'tiiig both vulnei'able adults aiid childreii Hello Neighboui. Held in The Larder, focussed on addi'essing isolation and food poiiei1y amoiigst pei)sioi)eis and youi)g fan)ilies. Providing a warm space foi. the community lo come togeihei. tor aclivilies, iyith a liglil luiich, lea and coffee provided Demogi?phic- Local Comniiinity Grow and Shal'e _ Community, session pi'oviding local coinmunity Nvith opportunity lo eng<ige I4Iith n¢lture and leai about healthy eating liabits plus sustainable gai'dening. Pai'lneiship ivitli Connsivalei. Homes and Ulstei. Wildlife siippoited by Ti'eal Sti'eet and The Lai'dei.. Den)ographic - 8 kids and pensioneis Pop In Play - 7-14 yeai. old5 provided with the OPPDltunity lo play football in a safe place engaging ivith playei's from Glei)toi'an FC. l-leld at Connsiiiatei- Coininui)ily Centi'e. Demogy'aphic - 25+ kids 9-14 yeais Tei'i'l ees not TV Match Day ticket scheme to suppoit oiganisations that woi'k with undei. privileged children across Nl. Demogi'aphie 400 tickets to tlie local eomniunity Meals on Wheels GSP Voliinteei's piovide food support foi. families, Vliliieb1e adults and pensioneis. Demographic CJSP voliinteci. 5- 2,000 meals deliveied to vulnerable adults and families Uii(lerstlliiding Masculinity Educc1tional Workshops addressing emotional and Inenlal health and ivellbeiiig in men suppoited by trained prof essionols. Demogi'apliic 45 youi)g Inen 15-18 yeais old Coiniiiunity Footbll Tournan)ont Football Toui'naiiieiil including I'efugee teams folloived by inspirational panel disciission featui'ing local football legends sliaring their pathiway into spoi'l. Deinogi'aphic 50 young people and boys fiDm innei. East Belfast Easter Festival Coii)niunily Fun Day with activities, gan)es, music and football skills training iwith Glenloran 1st Team playei's an d staff. Dei))ogi'aphic- 200 from the local con)munily aioiiiid the gix)und Big Data in Sport CHnip Inli'oduclion to digital 5ki115 ai)d technology and lioiv it 15 L15ed in spoi'l. Cai'eer paihivays and jobs in tlie tech i ndusliy introduced. Hosted at W5 ii)Ici'active campus Demogi'apliic - 24 young people W5 Life: Big Dnt¥q in Sports Exhibition -Digilal skills and technology ivorkshops followed by Belfast Giants game. Pai1icipanls look pai'l iii Inini digital skills ivorkshops. Deniograpliic - 80 yoiing pcoplc Graffiti Art Pi'oject - 8 iveek gi'affiti art project ulilising the Oval ivalls as a commuiiity canvas iviih a focus on developing al't techn iques lo help maiiage sti'ess and anxiety. Demogi'aphic- 14 young people Page 3
GlentorHn SoeiAI Pab%ne1h1p (Regislere(I niimbei.: N1622030)
Repoi't of the Ti'ustees
for the yeai. ended 31 Deeeii)bei' 2023
Connecting Communities tlhi'ougli Ait - A Ci'oss Coi)Imunity pi'oject bi'iiiging togethei. coi))munilies acioss East
Belfast to ci'eate a n)ui'al that I'epiEsenls all of East Beifasl Deiiiogi?phic
Aslifield Boys and Girls pupils and
AcadLmy players.
Into tlie Spoit Industry - Careers event inli'oducing vai'ious I'oles in a football club. Dem0gph1C- 32 young people
Into tlie Tech Industry Careeis event at W5 sp011801Ed by Fibius Deinogiaphic- 10 young people fioii) East Belfasl
The Glentoi'an Cup - Football foi. All Tournament willi leams fiDm Dublin, Soiiihampton aiid Livetyool as ivell as
local Bellasl tea ms. Deinographic- 600 pai'licipants
Celebration Ei vent Ci'oss bordei. celebi'ation event bi'iiiging iogethei. pai'licipants from aci'oss Irelaiid Hiiih football
aclivilies, miisic, dance aiid art woi'kshops. Also panel discussioii iviih local football expeits. Deinogi'aphic 90 )ioung
people from the l ocal conimunily
Ei¢ Stside Ai*s Festival
'Back lo the Oval" loui. Ivhicli 501d out as pai'l of Easlside Ai'ls Festival sharing the hisloi'ical
joumey of the Oval an d ils pait as the heal1 of East Beltast. Deniogi'aphic- 40 pai'li¢ipants
GlenÉoR'Hn Christmas Party - 3 Christn)as pai1ies for local commiii)ity with games, aclivilies, music and of course a
Visii fiDm Santa. Demogra phic- 200 parlicipaiils
ChristniAs Appeal anil Casli foi. Kids - Local Commiinily Suppoit including delivery of toys and food. Demogi'apliic-
East Belfast Conimiinity lvith 500+food hampei's issued, 60 Chi-islmas meals foi. pensioneis, 275 kids and conimunity
gi'oups IEceived brand neiv toys thi. ough the Cash for Kids piDgi'amine
Commiinity Paitners
GSP al'e delighted lo recoi'd the groiving I'elationships and increasiiig collaboi'ation with a rai)ge of pai'lnei's in seeking
to achieve ils Objects. This ivill continue lo be a focus for GSP as il pi'ovides a win/Nvin foi. all concei'ned such as.. 5th
Eleinent, Ashfield Boys High School, Ashficld Girls Fligh School, Bellast City Coiincil, British Youth Evlusical TheatiE
(B YMT), Choice Housing, Coni)swatei' Comniiinity Cenli'e, Connsivatei. Homes, c'fL Coui'iei3, Diveise Youtl),
Eastside Ails Festival, Ediicalion Aiithoi'ity,, Fibi'us, Foul. Siai. Pizza, Hapani, IFA Foundation, Jordans Wish, MSCNI,
N
Gleiitoran Social Partneisliip (Registered iiumbei-: N1622030) Rei)ort of the Trustees for the yeai. ende(131 Decembei. 2023 rINANCIAL REIVIEI W GoiIig concern The Ti'uslees liave I'evieived the financial slatenienls and have IEvieived flltui'e piDjections and al'e confideni Ihal the chai'ity has su1¢Ie17t funds lo be signed off as a going eoi)cem. PLANS fioR FUTURC PERIODS The Ti'uslees are pleased lo confirm that the owncrs continue lo emphasise Iheii. pursuit of Il)e objects ol- tl)e GSP <lS slated along iviih gi'eatei. collaboralioi) ÉiCI'055 the l'ange of stakeholders within Il)e club and within tlie Grealei. East Belfast Coinmunity. Tlie ovei'airhing <iim foi- tl)e Glentoi'aii Social Pai'lneiship I'emains Ii'ue lo ils oi'igii)al purpose - lu ci'cate a sli'uclui'e and build I'esoui'ces tl)at iyill enable the gieatei. Ivellbeii)g 1< nd social inclusion foi. the people and gioups of Grealei. East Belfast and beyoiid Ihi'ougli coinniunity ei)gageinent in reci'ealional aclivilies sucl) as sport, recreation conimiinily intei'esl and leisui'e time. Iii est<iblishing the Glenloi?n Social Partnership Ihei'e is a giDiving appi'eciatioii and sli'alegic aTnbition that eacli of the Objects and Piii'poses ivill inlegi'ale and suppoi'l each oiliei. as a pi'ogi'ession oi. as a paihivay to acliieve healthiei. lifestyles ¢1nd.8ocial wellbeing in the Giratei. East Belfast Ai'ea. Ti)e Ti-uslees al'e delighted that the Nl Assembly and Executive have relui'ned and full), nCtIOnal and over the next pei'iod ivill seek lo develop plans lo lvoi'k closel), kviil) govei'nineiil departinents. Whilst IEmaining resolute in the pui'siiil of funding undei. Il)e Regional Stadia Plai) the Truslces none the less liave embai'ked on a pathivay lo pui'sue ctivities ivl)ich ivill fijiihei. I'einfoire the position of GSP as Il)e lead oi'gaiiisatioi) foi. commui)ity developinenl iviihin Ihe'Glenloi'aii Fainily. Plans continue to sup1.1 all oihei. sections of the club that seek lo promote, pui'sue, and delivei. activities aligned with Ilie Objects of GSP naniely Glenloi'an in the Cominunity Initiative withili ivhich volunleei. giDilPS associated iviih GSP will Create and delivei. initiatives and activities foi. identified gioups such as the eldei'ly, disadvantaged families, children, and young people aligned ivith the Objects. The cui'i'ent investor leai)) continues to sti'ess the importance of pi'essing foi'¥vai'd iviih plans lo build a slrongei. platfoiin roi. inlegraling the playiiig staff into the commiinity to ivoi'k ivith young people ai)d )'ouih oi'ganisalioiis. Tl)is 15 beginning lo gaiii Ii'aclion through a Inove lo full iii))e status as pait of tlie ovei'all ambitions of the neiv oivnei's and management team. A joint venluiE continues with Ashfield Boys School foi- a scholai'ship pi'ogy'amme lo align leariiing Ivith spoi'l wilh a Gil'ls sLholarship pi'ogramme also established iii 2023. Funds I'emain lo be disli'ibuted foi. stralcgic purposes. A veiy geneioiis £IOk Kvas I'eceived as a Irsuli of a plea fiotn the oiwner lo his business coiilacls lo suppoi'l l)is Nvork. Tlie Trustees delei'mined that these funds should be used foi. more substantive activitics and Ihei'efoi'c held io support IiioiE strategic inilialives going foi'wai'd. A i)eiv strategic plan for the I4,liole oi'ganisation aiid how the GSP will foi'ni pait of the plaiis conliniie to evolve. Dui'ing the period a Gleiitoian in tlie Coininuiiity Coinmittee 14Ias foi'med to siippoi't the |Triislees aiid the work of the GSP. It is still Il)e stalcd aim of thc Ti'iistCC5 to appoiiit a Social Outi'each Cooi'dinator lo pi'ovide giealer impelus aiid cooi'dinilted appi'oacli. STRUCTURE, GOVERNANCE AND MANAGEMENT Govei'ning (loeumeiit Gleiitoi'an Social Pill'tiieiship is a conipany limited by guai'anlee, governed by ils Meinoi'aiidiim and Ai1icles of Association, incoi'poi'ated oli 19 Deceiiibei- 2013. Oi'gaiiisatioiiHI sli'uelure Tl)e Ti'ustces InanlÉ ge all biisiiie55 decision5 and Ineet foi'mally on a I'egulai. basis. The Glentoran Social Parti)ei'ship ivas registered as a cl)ai-ily by Thc Cli¢2rity Comiiii55ion for Noi'ihern Ii'elai)d on 12 Febi'iiaiy 2015. Ti'ustee iiiduetioii and tl'¥uiiiing Tlic Trustees al'e aware of tlieii. I'esponsibilities on Coipoi?le Govei'nance. Ti'uslees have previous exlcnsive expei'ience in eorpoiate govei'nance. PiÉge5
Glentoran Social PRrtnersliii) (Registei'ed numbei.: N1622030) Repoi't of the Triistees for tlie yexr ended 31 Deeeinbei. 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Risli rnmnagement The Triislees are I'espon5ible for ensuriiig that an effcclive system ol. inlei'nal financial control is maintained and opeialed by ihe Trust. The system of ii)ternal fiiiancial contiol is based on a frameivoi'k of I'egulai. i))anagei))ei)I iiifornialion; administi'ative pi'ocedui'es., and a system ot delegation and accounlabilily and is desigiied to provide IEasonablc assurance that.. Ihc GSP is operating etficienily Ic lid effectively. its assets aiE safeguai'ded against lini¢ uihoi'ised use oi. disposition. propel. I'ecoi'ds aiy mainlaiiied, and fiiiai)cial infoi'malion used iviihin Ihe coinpai)y oi. for piiblication is I'eliable. tlie GSP complies with releiianl laii's and iygulations; and the GSP systems of financial conliDI al'e designed lo provide I'easonable, but not absoliite assui'ance again51 nialei'ial ij)isstalement oi. loss. The niajoi. i-isks lo which Ilie GSP is exposed, as identified by Il)e Ti'uslees, liave been I'eviewed. and systems have been established lo Iniligate Il)ose risks. REfiEI REI NCE AND ADMINJST114TIVE DETAILS Registere(I Company nunibei. N1622030 {Northern IIEland} Registered Cliarity nunibei. 101477 Registei'ed olee Tlie Oval Pai'kgate Drive Belfast Co Anli'im BT4 IEW Trustees Truslecs ai'c currently niembei's of the Ti'ust and tliei'e are no othei. menibei's of the Ti'usl as of the dale of this Itpoi'l. Cuii'ei)t Trustees ivei'e appointed by Glenloi'an ReciEalion Company Limited. All Iruslees al'e ¥uai'ai)lors of the Triist with a niaximlim liability of £1. The Ii'ustees of the company ivl)o were in office dui'ing the yeai. and up to the date of signing the financial statements al'e sel out beloiv.. Mi. Stephen Hendei'son (I'esigned 14 Api'il 2023) Mi. lan Kei7- Mr colin.less Mi. Micl)ael Boyd OBE (appointed 14 Api'il 2023) Ms Cheiyl Lainont CBE ivas appointed as a Ti'uslee on 5 June 2024. In(lepen(lent xmmiiier Mcllveen Hoiward Limited Cliartei'ed Accounlanls 169a Upper Neiylownai'ds Road Beifasl BT4 3HZ Banliei's Danske Bank Donegall Sqiiare Noi1h Belfast B'fi 5GJ Page 6
Glentoyan So¢ial Parttsershlp (Reglstered number: N1622030) Report of the Trnstees for the }ear ended 31 December 2023 This report has be¢ii prepared in accordance ivith tho special provisions of Part 15 of the Companies Act 2006 relaling io siiiall compaiiieb. Approved by orde ofihe board of SleeS on... . and signed on its behalf by: Mrc AJess-T Page 7
Independeiit Examiner's Rei)oi't to tlie Trustees of Glentoi'xn Social PArtiiersliii) I repoi'l on the accounts of tlie coinpany foi. the year ended 31 Decembei. 2023. Ivhich air set out on pages nine lo sixteen. Respective responsibilities of ehai'ity trustees And eiaminer As the charity's Ii'uslees (and <qlso tlie dii'ectoi's foi. Ilie puryoses of company law) you al'e IEsponsible foi. tlie pi'epai?tion of the accounts in accordance with the I'eqLIIIEmeiils of the Companies Act 2006. Having satisfied myself that the chai'ity is not subject to audil under company laiv and is eligible foi. independent exainiiiatioi), il is iiiy I'esponsibility lo: examine Ilie accounts undei. Section 65 of the Chai'ities Act follow the PlDLedures laid doi¥n in the geneiil Dii'eclion5 given by the Chai'ily Comn)ission foi. Noi'ihern Ireland undei. Section 65{9)(b) of the Chai'ilies Act slate ivhether particulai. mattel's have come to my attention. Basis of tlie independent examinej s report I have examined youi. chai'ity accounts as I'equii'ed iindei- Section 65 of Ihc Chdl'ities Act aiid my e%an)inalion ivas cai'i'ied out in accoi'daiice Nviih the genei'al Dii'eclions given by ihe Cliai'ity Commission toi. Noi'iheri) Ireland under Section 65(91(b) of the Cliai'ilics Act. The exaininalion iiicliided a I'eview of the accountii)g I'ecoi'ds kept by the charity and a compai'ison of tl)e accounts pi'csenlcd iviih those I'ecoi'ds. It also included considel'ation of any unusual items oi. disLlosui'es in the aOnts, and seeking explai)utioiis from you as chai'ity Ii'iistees concei'iiing any sucli mattel's. My I'ole is lo slate whether any matei'ial mallei's have come lo my attention giving me caiise lo believe: That accounting I'e¢oi'ds weiE not kept in accoi'dance with Section 386 of the Companies Act 2006 That the accounts do not accoi'd ivitl) tl)osc accounting iecoi'ds That the accounts do not comply iyith th£ accoiinling requii'enients of Section 396 of the Companies Act 2006 and Hiiih the nieihods and pi'inciples of the Cl)ai'ilies Sialeiiienl of Reconimended Piaclice applicc1ble to cl)arities prepai'ing their accouiils in a¢cordance with Ihc Financial Reporting Standard applicable in the UK and Republic of Ii'eland That theie is furthei. information needed tor a piopei. undei'slaiiding of the accounts to be reached. In(lependeiit examiner's statement I Iiave coinpleled my examination and have no conccms in I'espect of the mattel's (l) 10 14) listed above and, in connection Nvitli following the Dii'eclions of the Cliarity Coii)missioii foi. Noi'ihei'n Ii'eland, I have found i)0 mattel's tl)at reqiiii'e draNving lo your allenlion. //• Mi's Pauline McDonnell FCA MLllveen HowaiTI Limited Cl)artei'ed Accoiinlant8 169a Upper Neivloivnai'ds Road Belfasl BT4 3HZ Dale: 2sI 12lk Page 8
Glentoran Social Partnership Statement of Financi81 Activities (Iiieoi'poi'atiiig an Income and Exijeiiiliture Account) foi. tlie yeAr ended 31 December 2023 2022 Total fui)ds Unresli'icted funds Restl'icted fiinds Total funds Notes INCOME AND ENDOWMEI NTS fROM Doi)alions and legacics 2,371 18,840 21,211 22,174 Oiliei. Ii?ding aclivities 7,090 7,090 12,363 TotHI 2,371 25,930 28,301 34,537 EXPEP4DITURE ON Cliai-itAble activities Chai'ilable activities 3,818 17,386 21,204 23,738 NET INCOMEI(EXPENDITURE) (1,447) 8,544 7,097 10,799 REI CONCILIATION or FUNDS Total fuiids bi'ought forivard 2.154 15,664 17,818 7,019 TOTAL FUNDS CARRIEI D FORWARD 707 24,208 24,915 17,818 CONTINUING OPERATIONS All income and expenditure l)as arisen fi'om continuing activities. The notes form part ofthese fin¢ll)cial slalemenls Page 9
Glentoran Social Parthership (R¢8tstered number: N1622030) Balan¢e She¢t 31 December 2023 2023 Total funds 2022 Total funds Unrestricted funds Restrlcted funds Notes CURRENT ASSETS Cash bank 1,306 24.551 25,857 19,341 CREDITORS Ajnounts falling due within oiie year (600) (342) (942) (1,523) ,NET CURRENT ASiSEI TS 706 24,209 24,915 17,818 TOTAL ASSETS Ss C17RRENT LIABJLITtES 706 24.209 24,915 17,818 ,NET ASSETS 706 24,209 24,915 17,818 Unrestricled fwlds Restricted funds 706 24,209 2,154 15.664 TOTAL FUNDS 24,915 17.818 The charltable company 18 enlitled to exemption from audit under Section 477 of the Compaiiies Act 2006 for the year elided 31 December2D23. The members have not required the company to obtain an audit of its fJnan¢ial statements for the year ended 31 December 2023 ID accordanCevith Secti0Th476 of the Conipanies Act 2006. The tniste¢5 acknowledge their responsibiliiies ior (a) enswing that the charitable company keeps a¢¢ounting records that ci)mply with SectioLs 386 and 387 of th¢ Companies Aci 2006 and preparing financial slateinenls which give a true and fair view of the state of affairs of the chhritable ¢olpanY as at Ilie end of eacli financial year ftnd of Ats surplus or deficit for each fmanciAI y&ir in accordance with the requireinenls of Sections 394'dnd 395.aftd wbiclL otheiwist con)ply ivilli Ihe requirtments of the CoiiipaThies ACL 2006 relating to financial statements. so far a5 applicable to the charitable company. Tliese financial atelelIts have b¢eTh prepar in accoTdaiice with ih¢ provisioiis applicable io charitsbl¢ coinpa111es subjecl to the small con)panies regime. staternenls were apprwed by ihe Board of T'DJslees and authorised for issue . alld ivere Sigll on its belialf by: (b) lie fil cia on MI'CAJess- stee Th¢ fonn pat1 of Ihes¢ finaiicial stalem¢i)Is
Glentoran Social PHI'tnership Notes to tlie Financinl StAtements foi. tlie yeai. ended 31 December 2023 STATUTORY INFORMATION Glentoi'an Social Pai'lnei'sliip is a private compan),, liii)itcd by guaraiilee, registered in Noithei'n Ireland. The company'5 l'egislered i)umber and Itgislered oifice address can be found in the Repoit of the Ti'uslees. The presentation cuffency of the financial statements is the Pound Sterling (£). ACCOUNTING POLICIES St¢ltement of compliance The fiiiaiicial statements of the chai'itable compaiiy, Ivhich is a piiblic beiiefit entity undei- FRS 102, have been pi'epai'ed in accoi'daiice iwith the Chai'ities SORP (FRS 102) 'Accoui)ting and Repoi'ling by Chai'ilies: Sialeinenl of Ileconimended Pi'aLlice applicable to cliai'ilies pi'epai'ing their aceounls in accoi'dance 141iih the fiiiancial Repoiting Siandai'd applicable in the UK ai)d Republi¢ of IIEland IFRS 102) leffeclive l Januai'y 2019),, Fiiiancial Rewii'liiig StaiidaiKI 102 'The Finaiicial Reporting Standai'd applicable in the UK lid Republic of Ii'elaiid, and the Compai)ies Act 2006. The fsnaiicial slalements have beei) prepared undei. the historical cost conveiilion. Basis of Pi'ei)ai'ation The fii)dncial slaleinents have been prepared undei. the hisloi'ical cost convention. Ineome All incoine is I'ecognised iii tl)e Sialemenl of Financial Activities once the ch<ll'ity has cnlitlemenl lo the funds, il is pi'obable that the income iiijll be I'eceived and the amoiint can be measured I'eliably. Expenditui'e Liabilities ai'c i'ecognised as expenditui'e as soon as thei'e is a legal oi. consliuclive obligation committing the cliarity to that cxpendiliii'e, it is piDbable Il)al a Ii'ansfei. of ecoi)omic benefits ivill be IEquired ii) seltlement and the ainoiiiit of the obligation cali be measui'ed I'eliabl}'. Expciiditure is a¢coiinted loi. on an acei'uals basis and lias been classified undei. lieadings that aggregate all cost IElated to the categoi.),. Whei'e costs cannot be dii'ectly altribiited to particulai. headings they l)ave been allocated to activities on a basis consistent iyiih the use of I'esoui'ces. Taxation The chai'ity is exempt fi'om coi'poi'alion tax on ils charitable activities. Fund I1ccounting Unresli'icled funds cali be used in accoi'daiice iviih the ch¢iritable objectives al the disci'elion of Ihc Iruslees. Reslricled funds can only be iised foi. pai'ticulai. IEslI'icled pui'poses iwithin the objects of the ¢hai'ity. Reslriclions arise Nvl)en specified by the donoi. or i¥hen funds al'e I'aised foi. pai'liculai. resli'icled pui'poses. Fui'ilier explanation of the natUlE and pui'pose ol-each fund is incliided ii) tl)e notes to the financial slatemeiils. Page 11 conlinued...
Glentoi'aii SociRI Pai'tnei'ship Notc5 to tlie fi inaneial StAtements- continue(I foi. the yeai. elided 31 Decembei. 2023 OTHER TRADING ACTIVITIES 2023 2022 Fundi'aising events 7,090 12,363 TRUSTEEI S, REMUNEI RATION AND BENEfilTS Thei'e iwei'e no ti'iistees, I'emunei'alion or other benefits tor the yeai. ended 31 DLeembei' 2023 noi. for Ilie )'eai' ended 31 De¢embei' 2022. Trustees exp¢iise5 Thei'e Nyere no Ii'ustees, expenses paid for the yeai. elided 31 Decembei. 2023 noi. foi. the year ended 31 Deceinbei. 2022. COMPAIi4TIVEI S FOR THE STATEMENT OF filNANCIAL ACTIVITIES Uni'esli'icled funds Restricted fi]nds Total runds INCOME AND ENDOWMENTS FROM Donations and legacies 22,174 22,174 Other Iizding activities 12,363 12,363 Total 34,537 34,537 EXPENDITURE ON Charitable activities Cl)arilable activities 701 23,037 23,738 NET INCOMEI(EXPENDITURE) 1701) 11.500 10,799 RICONCILIATION OF FUNDS Total funds biDiighl forwai'd 2,855 4,164 7,019 TOTAL fiUNDS CARRIED FORWARD 2,154 15,664 17,818 Page 12 coiilinued...
Glentoran Social Partiiei%hip Notes to the FinHiiciHI Statements - continued foi. the yeai. eii(led JI Deeeinber 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditQl'S Accnjed expenses 342 600 342 942 1,523 MOVEMEN'f IN FUNDS Net moveineiit in tui)ds Al 31112123 At 111123 Uni'estricteil funds Genei'al fund 2,154 (1,448) 706 Restricted funds Glenloian All Age Conimunily Suppoil Initiative Halif&Y .nI Donations I'e= Whiskey Barclays Community Football Fund Depailmeiit of Infrasti'ucliii'e Living Spaces Awards foi. All 9,358 2,612 3,694 (1,683) (1,323) {3,358) 127 5,082 9,700 7,675 1,289 336 127 5,082 9,700 15,664 8,545 24,209 TOTAL rtUNDS 17,818 7,097 24,915 Net Inoveinent in fiinds, included iii the above aiE as follows.. Iiicoming regoul'ces Rcsouires expeiided Movement in funds Unresti'icted fuiid5 Genei'al fund 2,371 (3,819) 11,448) Resti-icte(I fiin(Is Glentoran All Age Coiiimunity Suppoit Initiative Walkivay Sumniei. Schcine Teain Dot Halifax gi'ant Donations I'e: Whiske}, Rio Fei'dinaiid Foundatioii Bai'clays Coi))muniL)' Football Fund Depai1ment of Infi?sti'uctui'e Liiiing %paces Aivai'ds foi. All 6,668 18,351) (1,683) 422 (422) (1,323) (3,358) {5iO) (3731 (2,918) 11,323) (3,358) 530 500 8,000 9,700 127 5,082 9,700 25,930 (17,J85) 8,545 TOTAL FUNDS (21,204) 7,097 Page 13 continued...
Cleiitoi'xn SoeiAI Partnership Notes to the fi inaiiciAI Statements - continued foi. tlie yeai. ended 31 Deeember 2023 iIqOVEMENT IN FUNDS- contiiiued CompArAtives foi. movement in fun(Is Net movemeiil in flinds At 31112122 At 111122 Uni'esli'icted fun(Is Gcnei'al fund 2,855 (701) 2,154 Restricted fiinds Glenloi'an All Age Community Support 350 9,008 9,358 Recoi)necl Progi'amme 3,814 {3,814} 2,612 3,694 H1< lifax gi'ant Donations re: Whiskey 2,612 3,694 4,164 11,500 15,664 TOTAL FUNDS 7,019 10,799 17,818 Comparative net Inoveincnt in fvnds, included in the above are a5 follows.. Incoining IrsourLes Re50U]L'es expended Movement in fuiids Unre5ti'icte(I funds Geiiei'al fund (701) 1701) Restrieted funds Glentoi'ai) All Age Conimunity Suppoi'l Initiative Walkivay Sumi))ei' Sclieme Reconnect Pi'ogramnie 23,363 1,250 (14,355) (1,250) 9,008 {3,814) (948) (2,170} (500) (3,814) 2,612 3,694 Halifax gi'ant Donations re-. Whiskey Rio Fei'dinand Foiindalioi1 3,560 5,864 500 34,537 (23,037) 11,500 TOTAL fuNDS 34,537 (23,738) 10,799 Page 14 contii)ued...
Glentoi'an Socill I Partiiei'sliip Notes to the Finaiicial Statements- continued foi. the yeAI' eii(led 31 Deceinbei. 2023 MOVEMENT IN FUNDS- coiitinued A current year12 nionihs and prior yeai. 12 Inonths combined position is as follows: Net movement in funds Ai 31112123 At 111122 Uni'estricted flind5 Genei'al fund 2.855 (2,149) 706 Restricted fund5 Gleiiloi'an All Age Comiiiunit}' Suppoit Initiative Recoi)necl Pivgramme 350 7,325 7,675 3,814 13,814) 1,289 336 127 5,082 9,700 Halifax gi'ant Doiiations re.. Whiskey Bai'clays Cominui)ity Football Fund Depai1nienl of Iiili'asti'uclure Living Spaces Aivai'ds foi. All 1,289 336 127 5,082 9,700 4,164 20,045 24,209 TOTAL FUIYDS 7,019 17,896 24,915 A cuij'enl yeai. 12 months and pi'ior year 12 montl)s combined iiet movcmenl in fvnds, included in the above al'e as follolvs: Incoming I'esources Resoui'ees expended Movemeiit iii fiinds Unresti'icted funds Geiieral fund 2,371 (4,i20) (2,149) Re5ti'icte(I funds Glcntoran All Age Coinmunily Suppoi'l 30,031 1,360 122,706) (1,360) 7,325 lalkivay Sulnincr Scheme Rcconnecl Plg10A)me (3,814) (422) (2,271) {5,528) {1,030) 13731 (2,918} (3,814) Team Dot FlalifaK gi'ant Doiialions I'e: Whiskcy Rio Fei'dinand Foiiiidalion Barclays Coiiimiii)ity Football Fund Departinenl of Iiifrasli'ucture Living Spaces Aivards foi. All 422 3,560 5,864 1,030 500 8,000 9,700 1,289 336 127 5,082 9,700 60,467 (40,422) 20,045 TOTAL FUNDS 62,838 (44,942) 17,896 Page 15 continued...
Glentoi'lln Social Partnei-ship Notes to the FinAneial Statement5- contiiiued for the yeai. cnde(131 Doeembei. 2023 RELA'fED PARTY DJSCLOSURES Thei'e wei'e no I'elaled pai'ty Ii'ai)saclions foi. tlie year ended 31 Decen)ber 2023. TOTAL FUNDS Iii aLCOI'dance ivith the Memoi'anduin of Association of Glentoi'an Social Partnership, total ft]nds are not distributable lo iiieinbcrs and at'e to be applied foi. the chai'ilable pui'tx>ses of the Ti-L]sl only. Page 16