Glentoi'an Social Partneiship Statemeiit of fi inaneial Activities (Incoi'poi'atiiig Aii Iiicoine anil Expenditui'e Account) foi. the yeai. eiiile(131 Decembei. 2024 2024 Total nds 2023 Total funds Uiiresti'icle(I funds Resti'icted fui)ds Notes INCO1[ AND EI NDOWMENTS FROM Donations and legacies 7,730 7,730 21,211 Oilier trading activities 7,090 Total 7,730 7,730 28,301 IXPENDITURE ON Chai'itable activities Charitable activities 711 19,431 20,142 21.204 NET INCOME/(EXPENDITURC) (711) 336 (11,701) {336} {12,412) 7,097 Ti'aiisfers betiveeii fuiids Net movement in fuiiils (375) (12,037) (12,412) 7,097 REI CONCILIATION OF FUNDS Total fijiids bi'oiiglit foi'wai 706 24,209 24,915 17,818 TOTAL FUNDS CARRIED FORWARD 331 12,172 12,503 24,915 CONTINUING OPERATIONS All ii)coine and expeiiditure has ai'isen from continuing activities. The notes fonn part of Il)ese fii)ai)cial slatemeiits Page 8
Glentoi'an Social Pai'tnei'sliip (Registei'ed nuniber: N1622030) Balance Slleet 3] Decembei. 2024 2024 Total funds 2023 Total funds Uiil'esti'icted funds Rcslricled fiinds Notes CURRENT ASSETS Debtoi's Casli at bank 726 205 726 12,377 12,172 25,857 931 12.172 13,103 25,857 CREDITORS Anioiinls falling due wiiliin oiie yeai. (600) {600) (942) NET CUIIREI NT ASSETS 331 12,172 12,503 24,915 TOTAL ASSII TS LESS CURRENT LIABILITIEI S 331 12,172 12,503 24,915 NEI T ASSETS 331 12,172 12,503 24,915 FUNDS Uiirestricted fui)ds Restricted fiinds 331 12,172 706 24,209 TOTAL FUNDS 12,503 24,915 Tlie cl)arilable coinpany is eiititled lo exeiiiptioi) fi'oin audit Linder Section 477 of Il)e Coiiipanies Act 2006 foi. Ilie year ended 31 Deceinbei. 2024. Tlie Ineiiibers liave not requii'cd Ilie coinpaiiy to obtain an audit of its financial staleinents foi. tlie yeai. endcd 31 Deceiiibei. 2024 in accoi'dance witli Sectioii 476 of tlie Con)pani¢s Act 2006. Tlie tiiislees ackiiowledge tlieii. i'esponsibililies foi- {a) ensui'iiig Il)al Ilie cliai'ilable coinpany keeps c1ccounting recoi'ds Iliat coiiiply will) Sections 386 ai)d 387 of Ili¢ Coiiipaiiies Act 2006 and pi-epai'ing financial sl¢ltein¢i)ts whicl) give a Uiie aiid fair view of tlie slate of uffairs of tlie chai'ilable company as at tlie ei)d of eacli finaiicial yeai. aiid of its siii'pliis oi. deficit foi. eacli financial yeai. ii) accoi'daiice witli 11)e i'eqiiir¢iiienls of Sections 394 and 395 and wl)icli oilierivise coinply willi Ilie i'equii'einenls of Ilie Coiiipanies Act 2006 I'elating to finaiicial slalemeiils. so fai- as applicable lo Ilie cl)ai'itable coii)i)aiiy. (b) Tliese finaiicial slaleinents liave beeii pi'epai'ed in accoi'dance witl) tlie piovisioi)s ai)plicable to cliaritable coinpaiiies subj¢ct to tlie siJ)all conipaiiies i'egiiiic. Tlie fiiiaiicial slaleiiients ivei'e <lPPI'oved by tlie Boai-d of Tivslees and aiidioi'ised foi. issue 011 25 Sepleinber 2025 aiid wcre signed 01) ils bel)alf by: Mr C A Jess- Tiustee Tl)e notes foi-m pai'l of Il)ese financial slateiiieiits Page 9
Glentoi'An SociAI Piirtneihip Notes to tl)e Fiii4ineial StAtements foi. the yelll. eiiiled 31 December 2024 STATUTORY INfi ORMATION Glenloran Social Partnei'ship is a pi'ivale coiiipany, liinited by guai'aiitee, registered in Noithern Ireland. T])e conipany's regisleird niimber and registered office addi'ess cali be found in the Repoi'l of the Triistees. The presentation currency of tlie fii)aiicial statements is the Poiind Stei'ling {£}. ACCOUNTING POLICIES StAtenient of eomi)IiAnee The financial slateiiients of the charitable company, wliich is a public benefit entity under FRS 102, have been pi'epai'ed iii accoi'dance with the Chai'ities SORP (FRS 102} 'Accounling and Repoi'ling by Charities.. Statement of Recominended Pi'aclice applicable to cliai'ilies preparing their accoiints in accordance with the Fiiiancial Repoiling Siandai'd applicable in tl)e UK ai)d Republic of Ireland (FRS 102) (effective l January 2019),. Financial Repoiting Standard 102 'The Financial Reporting SIAiidard applicable in the UK and Republic of Ii'eland, aiid the Conipanies Act 2006. The fii)aiicial statements have beei) prepared under the historical cost convention. Basi5 of Prepat'ation The financial statenienls have been prepared Lindei. the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entiilemei)t lo the fi]nds, it is piobable Iliat tl)e incoiiie will be received and the amoiii)t can be nieasured reliably. Expenditure Liabilities are i'ecognised as expei)diture as soon as there is a legal or consti'uctive obligalioi) cominitting the charity to Iliat expenditure, il is pi'obable Il)at a transfer of econoinic benefits will be requii'ed in settleinent and tlie amoiiiit of the obligation can be measLlI'ed I'eliably. Expenditure is accounted foi. on an accruals basis and has been classified undei. headii)gs Iliat aggregate all cost I'elated to Ilie calegoiy. Whei'e costs eai)nol be directly attribllted to pai'licLilai' lieadiiigs they Iiave been allocated lo activities on a basis consislenl witli the 115e of resources. TAXlltion The charity is exempt from cori)oration on ils chai'ilable activities. Fund Aeeoiinting Ui)resli'icted fiinds cali be used in accordance with the chai'ilable objectives al Ihe discretion of the tr1151ees. Resli'icted fuiids can oiily be used foi. paiticulai. resli'icled piii'poses wiiliiii the objects of the charity. Restrictions ai'ise wlieii specified by the donoi. oi. whei) fui)ds are raised for pai*iculai' I'eslricted purposes. Further explanation of the nature and piii'p05e of eacli fund is included iii the iioles lo the financial slaleineiils. Page 10 conlii)Iied...
Glentoi'an Social Pai'tiieiship Notes to the FiiiancRal Statemeiits- coiitiiiued foi. the ye81. eii(led 31 Deceinbei. 2024 OTHER TRADING ACFIVITIEI S 2024 2023 Fundi'aising events 7,090 TRUSTEES, REI [UN[RATIoN AND NEFITS There were iio Ii'uslees, I'eiiiuneration or oiliei. benefits for the year ended 31 December 2024 nor for the year ended 31 Decembei. 2023. Ti'iistees, exi)eiises There were no ti'iislees, expenses paid foi. the year ei)ded 31 December 2024 nor for the yeai. ended 31 Decembei. 2023. COMPARATIVES FOR THE STATEME( NT OF FINANCIAL AcfiviTIES Unreslricled funds Restricted fiinds Total funds INCOME AND ENDOWME<NTS FROM Donations and legacies 2,371 18,840 21,211 Ollier Ii'adiiig activities 7,090 7,090 Total 2,371 25,930 28,301 EXPENDITURE ON Chai'itable activities Charitable aclivilies 3,818 17,386 21,204 NEIT INCOMEI/(EXPENDITURE) (1,447) 8,544 7,097 RECONCILIATION or FUNDS Total flinds brouglit foi'wRrd 2,154 15,664 17,818 TOTAL FUNDS CARRIED FORWARD 707 24,208 24,915 Page 11 coiitinued...
Glcntoi-an Social PAI'tiiei3hip Notes to tlie fi inaiieial Stateinents- coiitinued ror tlie yeai- en(led 31 Decembei. 2024 DEB'foRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Oihei. debtors 726 CREI DITORS: AMOUNTS fiALLING Dull WITHIN ONC YEAR 2024 2023 Othei. ClEditQl'5 Accrued expenses 342 600 600 600 942 IVIOVCMENT IN fiUNDS Net movenient in fiinds Transfei's between fiii)ds Ai 31112124 At 111124 Unj'esti-icteil fiinds General fund 706 (711) 336 331 Resti'ieteil funils Glenloraii All Age Con)Iniinity Support Initiative Halifax grant Donations re: Whiskey Barclays Commui)ity Football Fund Depaitment of Infi'asti-ucture Living Spaces Awards for All 7,675 1,289 336 127 5,082 9,700 (4,010) {500} 3,665 789 (336) 127 504 7,087 {4,578) {2,613) 24,209 (11,701) (336) 12,172 TOTAL FUNDS 24,915 (12,412) 12,503 Net Inoveinent in funds, incliided in the above are as follows.. Incoiiiing I'esources Resources expei)ded Movenient in funds Uni'esti'ieted fiiiids Geiieral fund (711) Resti'icted fiinds Glentoi'aTI All Age Comiiilinity Support 3,731 (7,741) (500) (4,577) (6,613) (4,010) (500) (4,578) (2,613) Halifax gi'ant Depai'linent of Infrastructui'e Living Spaces Awai'ds foi- All 4,000 7,730 {19,431) (11,701) TOTAL FUNDS 7,730 (20,142) (12,412) Page 12 coi)linued..
Glentoraii Social Partiiership Notes to tlie ffinancial Statements - continiied foi. tlie yeai. elided 31 December 2024 ,IOVEMENT IN fiUNDS- coiitiniie(I Coinparatives foi. Inovemeiit in fuii(Is Nel niovenienl ii) fiinds At 31112123 At 111123 Uni'esti'icted fiiiids Genei'al fund 2,154 (1,448) 706 Resti'icted fiinds Glenloi'aii All Age Con)munity SLlPPOIt 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 Halifax gi'ant Donations I'e: Whiskey Barclays Coniinunity Football Fuiid Department of Infi'asts'iictiii'e Living Spaces Awai'ds foi. All 15,664 8,545 24,209 TOTAL FUNDS 17,818 7,097 24,915 Compai'alive nel moveinenl iii fiii)ds, incliided in the above are as follows.. Incoming I'esolirces Resources expei)ded Movement in funds Unresti'icte(I fuii(Is Genei'al fund 2,371 (3,819) (1,448) Resti'ieted fiiIids Glentoran All Age Coiiimunity Support Initiative Walkway Suminer Scheine Team Dol Halifax gi'ant Donations re.. Whiskey Rio Fei-diiiai)d Foiii)dalioi) Bai'clays Coininiinity Football Fuiid Depai'lnient of Infi'3Striictiii'e Living Spaees Awards for All 6,668 i io 422 (8,351) (I10} (422) (1,323) (3,358} (530} (373) (2,918) (1,683) 11,323) (3,358 } 530 500 8,000 9,700 127 5,082 9,700 25,930 (17,385) 8,545 TOTAL FUNDS 28,301 (21,204) 7,097 PRge 13 continiied...
Glentoran Social Partii¢isliip Notes to tlie r(ji)ancial SIAtemei)ts- coiitiiiiied foi. the yeAI' en(led 31 Deceinbei. 2024 MOVEMENT IN FUNDS- contiiiiie(I A current yeai. 12 montlis ai)d pi'ior year12 montlis coinbined p0511ion is as follows.. Net movement in funds Transfers between funds At 31112124 Ai 111123 Uiii'esti'icted fuiid5 G¢i)eral fiiiid 2,154 (2.159) 336 331 Resti'icÉed funds Glenloran All Age Commuiiity Support Initiative Halifax grant Donations re: Wliiskey Baiclays Conimunity Football Fund Depai'linent of Infrastructure Living Spaces Awai'ds for All 9,358 2,612 3,694 (5,693} (1,823) (3,358} 127 504 7,087 3,665 789 (336} 127 504 7,087 15,664 (3,156) (336) 12,172 TOTAL FUNDS 17,818 {5,315) 12,503 A ciiri'eiit year 12 months aiid pi'ior year 12 months coinbiiied net moveinenl in funds, iiicluded in the above are a5 follows: Incoming resoiirces Resources expended Movement in fund5 Ujhj'esti'ieted fund5 General fuiid 2,371 (4,530) (2,159) Restiicted funds Glentoran All Age Cominiinity Suppoil 10,399 110 422 (16,092) (lio} (422) (1,823} (3,358) (530) (373) (7,495) (6,613) (5,693) Walkway Siiinmer Scl)eme Teain Dot Halifax grant Donations re: Whiskey Rio Ferdinand Foiindatioii Ba]layS Coniii)unity Football Fund Depai'lnient of Ii)frasti'ucture Living Spaces Awml'ds for All (1,823} (3,358} 530 500 7.999 13,700 127 504 7,087 33,660 (36,816) (3,156) TOTAL FUIYDS 36,031 (41.346) (5,315) Page 14 continued...
Gleiitoi'An SociAI Pai'tiieisliip Notes to the FiIiAiicial Statemeiils - contii)Iie(I for tlie yeai. endeil 31 Deeenibei. 2024 RELATEI D PARTY DISCLOSURES Tliere were no I'elaled party Ii'ansaclioiis foi. the yeai. ended 31 December 2024. 10. TOTAL FUNDS In accordance with the Meniorandum of Association of Glenloran Social Partnership, lolal funds are not distributable lo membei's and al'e lo be applied for tl)e chai'itable purposes of the Ti'ust only. Page 15