COMPANY REGISTRATION NUMBER.. N1018257
CHARSTY REGISTRATION NUMBER: 101611
West Belfast Development Trust Limited
Company Limited by Guarantee
Financial Statements
30 June 2022
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

West Belfast Development Trust Limited
Company Limited by Guarantee
Flnancial Statements
Year ended 30 June 2022
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)
15
Statement of financial position
16
Statement of cash flows
17
Notes to the financial statements
18

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report)
Year ended 30 June 2022
The trustees. who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 30 June 2022.
Reference and administratlve detslls
Registered charity name
Wesl Belfast Development Tnjsl Limited
Charity registration numbgr
101611
Company registration number N1018257
Principal offlce and registered 301 Glen Road
office
Belfast
BT11 8BU
The trustees
K Delaney
P Mulhollantj
J Mcmullan
A McRitchie
S Collins
{Appointed 27 July 2022)
The trustees present their report and accounts for the year ended 30 June 2022
The accounts have been propared Th) accordance with the &counling policies set out in note 1 to the
accounts and comply with the Companies Act 2006 and the Statement of Reeornmended Practice
applicable lo chariligs preparing their accounts in accord8nce with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS102}.
Company secretary
Claire Ferris
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 80N
Bankers
Ulster Bank
91-93 Univeisty Road
Belfast
BT7 7FW

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) I￿n￿￿￿ed)
Year ended 30 June 2022
Structure, governance and management
The charity is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, and served during the year.
Were
Kevin Delaney
Paul Mulholland
John Mcmullan
Alec McRitchie
The trustees are elecledlre-elected at the Annual General Meeting.
None of the Iruslees has any beneficial interest in the company. All of the trustees are rnembers of the
company and guarantee lo contribute £1 in the event of a winding up.
Work West has four Iruslees who convene eight limes per year lo discuss and make decisions as lo
the long term plans of the company. Day to day running is undertaken by Claire Ferris, who is the
organisati(￿'S Chief Executive.
The Iruslees have assessed the major risks lo which Ihe charity is exposed, and are satisfied that
systems are in place lo mitigate exposure to the major risks.
Charitable registration was granted by the Charity Commission of Northern Ireland on S June 2015.
Following a ruling in 2020 Charitie5 in Northern Ireland registered within this lime period are not
registered charities but charities in law.

West Belfast Development Trust Limited
Company Limited by Guarante&
Trustees. Annual Report (Incorporating the Directorfs Reportl (continue
Year ended 30 June 2022
Objectives and activities
The charty's objects are to be a commercially viable organisalion which seeks to improve the
economic and social profile of West Belfast. There has been no change in these during the year.
The social Pufpose of the charity is lo equip people with the knowledge and skills lo become
economically resilient. This means developing an enlrepfeneurial cuf(ure in the local area, stimulating
enterprise awareness with youn9 people, offering allemalive models of enterprise to the local
community.. as well as developing the personal confidence and ambition of the business people who
locale in Work Wesl or use ils business support services lo grow and Succeed lo motivate and enable
enterprising individuals to establish and expand job Creating businesses.
Work Wesl operates workspace through sf(es, one largeling private secloi businesses and one
largeling social enterprises and social innovations. The main office for the agency is located al the
Ihinc lab in the Social Economy Village where the key interventions relating to propety management
and programme support are aclioned. Staff are working both at.home and in the office in a hybrid
model.
Restricted funds are raised through local government agencies for capital {Clusler fund) or al limes
the co-ordination and running of some programmes. Overall however the majority of Ihg income is
unreslricled.
Work Wesl Taises unrestricted funds through the operation of property rental at the private sector sile
and the Social Economy Willage sile. Programme delivery and consultancy work a150 contribute lo
unrestricted funds being generated. All funds generated from thi8 a¢livty are used for charitable
purposes
Strategic report
The foll¢)wing sections for 8chievements and performance and financial review fom) the strategic
report of the charity.

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the DIrecto￿S Report) (coiitinu
Year ended 30 June 2022
Achiev9ments and performance
The Charity has Successful￿ delivered a wide range of support servlces to businesses and social
enterprises in the pre start, start up and growth phases.
Work West developed a strategy from 2021-2023 which would inform the development of Ihe agency
during this period. Throughout the year Work West has remained a high performing agency in terms of
all programmes delivered in terms of attainment of target.
Work West continues to deliver the two year contract for the Ards and North Down Social
Entrepreneurship Programme which was awarded in May 2021 As al 30th June 2022 15 jobs had
been created. Work West secured the contract for the Go Social programme which was retendered in
May 2019 for 3 years. There was an extension of 6 months due lo COVID. As al 30th June 2022 35
jobs had been Created and 214 people engaged with.
Enterprise Northern Ireland manage and subcontract work to Work Wesl for the Kick Start Programme
which supported 17 clients lo secure investment of up lo £1500 for their businesses. Work Wesl
secured £25,000 Belfast City Council Cluster Fund lo invest in redesigning and upgrading the
Coutyard at Work West for indoor and outdoor space for tenants to connect with each other and their
teams.
Work Wesl secured over £18,000 of consultancy work.
During the period we delivered Fovrsighl creative profiling lo 91 people from 9 groups. One ol these
groups was the senior leadership team of CFNI a major funder.
The Work Wesl sile operated at on average 980h ￿¢UPancY throughout the peTiod. As at 30th June
2022 there were 34 tenant companiesl organisalions kJ¢aled on the Work West sile and the Social
Economy Village. The Social Economy Village operated al on average 869A occupancy over the same
period. The lettable space increased over the year by 375 sq ft on the Work West site through renting
2 additional offices fomierly used by the organisalion. Over 10 existing businesses {bolh social and
privatel have been provided with support and Signposting through our commf(menl to achieving
positive social impact in the area. The support for these businesses (who have not qualified for help
through specific programmesl assists Work Wesl lo achieve our social objectives.
Over 50 hours of lime has been given locally lo support the regeneration of the area through
participation of key staff on Boards and Committees within Wesl Belfast and beyond.
Public benefit
The Directors confirm that they have had due regard for the guidance produced on Public Benefrt by
the Charity Commission for Northern Ireland, and are pleased to report that during 202112022 they
have continued lo meet the Public Benefit requirement as follows=
(l) The creation of employment, training and work experience opportunities for residents living
in economically and socially deprived areas and consequently a reduction in poverty,
unemployment and hardship, leading to a better quality of Ilfe for the beneficiaries and
consequent improvements In health and well-being.
During the year Work West delivered the following initiatives which helped them to achieve the public
benefit detailed in point li} as follows

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 30 June 2022
Delivery of thg Ards and North Down Si)cial Enterprise Programme lead in element of the
programme which supported marginalised groups and individuals lo become more enterprising. Up
until June 2022 15 jobs were created in the local area many of which were secured by residents living
in economically and socially deprived areas. A number of groups supported through the programme
had a he8llh and well-being focus. The social impact within the area will have been signrficanl with
enhanced mental health, confidence and employability skills. The tsrgel of 35 jobs will be aehieved
by programme end {March 2023}
Under Go Social 35 jobs were created on the programme by June 2022 {end of year 3 contract
extends until 31st March 20231 many of which were secured by residents living in economically and
socially deprived areas. The programme target of 50 will be achieved by programme end.
ii) Enhanced knowledge about setting up and running small buslnesses andsocial enteryrises
resulting In Increased levels of sem-employment and befter prospects of sustalnable
development.
During the year Work Wesl delivered the following initiatives which helped them to aehieve the publi
benefit detailed in point liil..
Through the Ards and North Down Social Entrepreneurship programme 14 new products and
services had been developed by participant organisalions engaging in social enterprise activity {up
until March 20221
As al the end of June 2022 Go Social had helped 25 social entrepreneurs sel up a new social
enlorprise
.Through the CFNI Oak funded Housing and Homelessness
programme
three
coll8boratNe
teams made up of seven organisations were exploring social enterprise as a model to deliver
innovative services lo help address housing and homelessnes5 across the North.
214 organisations l individuals attended outreach, ne￿OrkIng and best pr￿lICe events for social
enterprisgs and cooperatives during the period.

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {contthuedJ
Year ended 30 June 2022
-Achlevements and performance {¢ofttinue#)
. (ITii) Increased levels of knowledge and transferable vocatlonal skllts among employees / work
experience trainees. assisting in (he creation of a more edu¢8ted, skilled and qualified
community.
During the year Work Wesl delivered the following initiatives which helped them to achieve the public
benefit detailed in point liii}-
The CFNI Oak Funded Houslng and Homelessness Programme supported seven
organisations{15 people working across three teams) from all over Northern Ireland lo use the design
thinking and creative problem solving process lo develop innovative approaches lo solving key
challenges relating to housing and homelessness in Northern Ireland. Each team developed a new
concept and prototyped the idea and all three teams secured funding from CFNI lo bring their
innovations to fruition. Best practice was shared and new collaborations formed. The skills acquired
on this programme were of great benefit lo participants directly but also lo users and other employees
within their organisalDns.
Seven workshops were delivered as part of Ards and North Down Social Entrepreneurship
Prograrnme and Go Social which facililaled a high level of knowledge exchange attracting 78
attendees164- Andsep and 14 Go Sociall.
Three social sparks look place in Be￿ast attracting 51 pa￿CipanIS experiencing design thinking
and exploring the potential of setting up a new social enterprise or cooperative under Go Social in
Belfast. Two further social sparks look plxe. one in Ards and North Down and one in Lisburn and
Castlereagh.
(Iv) A greater sense among the beneficiarios of more fulfilled and purposeful lives. resulting lrt
a safer. more stable and Cohesive community.
During the year Work Wesl delivgr9d tho following initiatives which helped them to achieve the public
benefit detailed in point {ivl
The Design Thinking and creative problem solving work delivered under thin¢ including the CFNI
Housing and Homelessness programme and Foursighl allowed participants lo learn a new skill which
is very transferable to home and work life. This skill could be used to solve problems and create new
Kleas and innovations in participants lives in general. The reach and imp&t of this pro￿$5 gcÈs
beyond the teams who participated directly on the programme.
91 people participated in Foursight ￿veal sessKJns.
Both social enterprise programmes supported 65 groups to lead more purp05eful lives as the
social enterprises at the core of their joumey were focused on social impact.

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report} {conllnuedJ
Year ended 30 June 2022
Financial review
The trustees are satisfied with the results of the year as reflected in the financial statements.
Reserves pollcy
It is the policy of the charity that unrestricted funds which have ncrt been designated for a specific use
should be maintained al a level equivalent lo be￿en th￿e and six month's expenditure. The Iruslees
consider that reserves al this level will ensure that. in the event of a significant drop in income, they
will be able lo continue the chaiity5 current activities while consideration is given lo ways in which
additional funds may be raised. This level of reserves has been maintained throughout the year.
Plans for future pgrlods
Work West 15 a market leader in the field of enterprise development, both private and social having
operated in this arena for 33 years. Work Wesl is committed lo using design thinking and creative
problem solving approaches in relation lo its programme delivery. This is reflected through the thinc
brand Itesl house for innovation and cre81ivityl.The board has invested in staff training over the period
using global experts in Canada and USA and is confidenl.aboul the demand in the market for creative
and design thinking. Across the organisation new programmes and approaches are being developed
and tested in relation to entrepreneurship and thinc. A series of products have been tested over the
period and are being promoted through consultancy as well as through contracts secured from Council
and others. The team continue to use technology lo extend their reach in terms of workshop.
best practi
and mentoring delivery for both enlerpTise and innovation work.
Over coming months a review will tske place of data management wthin the organisation with a view
lo implementing a new system lo enable the Board lo access a broader lange of information lo
facililale decision making. This will be supplemented by timely reporting on social value relating to the
wort( undertaken.
Oc¢upancy of units is strong and demonstrates demand in the area. The team is keen lo explore
expanding the propety offering by both upgrading current stock and exploring acquiring more space
on or off sile. There are plans to invest in a lenanl navigator role which will support tenants lo avail of
all support on offer for their businesses to grow. This role will act as a bridge betsveen property and
programmes within Work West.
Trustegs. rgsponslbllltigs ststsment
The trustees, who are also directors for thè purposes of company law, are responsible for preparing
the trLtstees' report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.
Company law requiies the charity Iruslees to prepare financial statements for each year which gThie a
true and fair view of the slate of affairs of the charitable company and the incoming resources and
application of resourees. inGluding the incorne and expenditure, for that period.

West Belfast Development Trust Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (eontintsedj
Year ended 30 June 2022
In preparing these financial slalemenls, the trustees are required to..
select suitable a￿oUntIng poI￿leS and then app￿ them consistently;
observe the methods and Principles in the applicable Charities SORP..
makejudgments and accounting eslimales that are reasonablo and prudent.,
slate whether applicable UK Accounting Standards have been followed. subject lo any material
departures disclosed and explained in the financial slalemenls.,
prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume
that the charity will continue in business.
The trustees arg responsible for keeping adequate accounting records thal arg sufficEnt to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them lo ensure that the financi81 slalements comply w((h the
Companies A¢1 2006. They are also responsible for safeguarding the assets of the charity and hen
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the Companies Act 2006. a resolution proposing that Finegan Gibson be
reappointed as auditor of the company will be pul to the members.
The trustees, annual report and the strategic report were approved on 24 March 2023 and signed on
behaff of the board of Iruslees by..
K Delaney
Trustee

West Belfast Development Trust Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of West Belfast Development
Trust Limited
Year ended 30 June 2022
Oplnion
We have audited the financtal statements of West Belfast Development Trust Limited {the 'charily'} for
the year ended 30 June 2022 which comprise the statement of financial activf(ies linciuding income
and expenditure account), statement of financial position, statement of cash flows 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 slalemenls-.
give a true and fair view of the slate of the charity's affairs as at 30 June 2022 and of its incoming
resources and application of resources, including ils incorne ond expenditure, for the year then
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 20(h8.
Basis for opinion
We conducted our audit in aecordance with International Standards on Auditing (UK) IISAS IUKI) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. W$ are indepgndgnl of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, inclucling the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng concem
In auditing the financial slalemenls, we have concluded that the Iruslees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perforned, we have not (dentif￿d any material uncertainties relating lo
events or conditions that, individually or collectively, may cast signfficant doubl on the charity's abilty
to continue as a going con￿rn for a period of at least ￿e1ve months from when the financkgl
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described
in the relevant sections of this report.

West Belfast Development Trust Limited
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of West Belfast Development
Trust Limited (¢antrnuedJ
Year ended 30 June 2022
Other infomiation
The other information comprises the information included in the annual report. other than the financial
statements and our audilorfs report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other infomialion and. except lo the extent
otherwise explicitly stated in oui report, we do not express any form of assurance conclusion Ihereon.
In connection with our audit ot 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
rinancial slalemenls or our knowledge obtained in the audit ￿ otherwise appears to be materially
misslaled. If we identify such material inconsistencies or apparent material misstatements. we are
required to delemiine whether there is a material misslalemenl in the financial slatemenls or a
material misslalement of the other inlomation. If, based on the work we have perfomied, we conclude
that there is a material misslatemenl of this other infom)alion. we are required to report that fad.
We have nothing lo report in this regard.
Opinions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audiL
the information given in the Iruslees, report for the financial year for which the financial
statements are prepared is consistent wilh the financial stalemenls., and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch wo are required to report by exception
In the light of the knowledge and understanding of the charity and ils environment obtained in the
course of the audit. we have not identified mateiial misstatements in the trustees, report.
We have nothing lo report in respect of the following mallers in relaliors to which the Companies Act
2006 requires us to report lo you rf. in our opinion".
adequate accounting records have not been kept. or retums adequate for our audit have not
been received from branches not visited by us.. or
th@ financial slalemenls are not in agreement with the accounting records and relufns., or
certain disclos¥Jres of Iru5tees' remuneration specified by law are not made.. or
we have not received all the information and explanations we require for OLtr audit.
10

West Belfast Development Trust Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of West Belfast Development
Trust Limited (continued)
Year ended 30 June 2022
Responsibilities of trustees
As explain￿ more fully in the trustees, responsibilities statement. the Iruslees (who are also the
directors for the purposes of company lawl are responsible for the prepaiation of the fin8n¢ial
statements and for being satisfied that they give a true and fair view. and for such internal control as
the trustees determine is necessary lo enable the preparation of financial slalemenls that are free
from material misslatemenl, whether due lo fraud or error.
In preparing the financial slatemenls. the trustees are responsible for assessing the charity's ability to
continue as a going COn￿r￿, disc105ing, as applicable. matters related to going concern and using the
going concern basis of accounting unless the trustees either intend lo liquidate the charity or to cease
op¢ralions, or havg no rgalistic allornalive bul to do so.
11

West Belfast Development Trust Limited
Company Limited by Guarantee
Independent Audltovs Report to the Members of West Belfast Development
Trust Limited (continued)
Year ended 30 June 2022
Auditor's r&sponsibilitios for the audit of the financial statements.
Our objectives are to obtain reasonable assurance about whether the financial statements as 8 whole
are free frcxn material misslalemenl, whelhef due lo fraud or error. and to issue an auditor's report that
ineludes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that
an audit conducted in accordance with ISAS IUKI will always delecl a material misstalemenl when il
exists. Misslalements can arise frorn fraud or error and are considered 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 slalemenls.
Irregularities, including fraud, are in5t8nces of non-compliance with laws and regulations. We design
Pro￿dureS in line with our responsibilities, outlined above, lo delect material misslalements in respect
of irregularities, including fraud. The extent lo which our procedures are capable of detecting
irregularities, including fraud is detaikd below..
In identifying and assessing risks ol material misstalemenl in respect of irregularities. including fraud
and non£ompliance with laws and regulations, we considered the following..
the natu￿ 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.,
resulis of our enquiries of management about their own idenlifKation and assessment of the risks
of irregularities.,
any mattets we identified having obtained and reviewed documentation of their policies and
prO￿dureS 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 whether management have knowledge of any
actual. suspected or alleged fraud."
the internal controls established lo milKJale 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 lax and valuations specialists regarding how and
where fraud might occur in the financial slalements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incenlwes that may exist within
the organisalion for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UKI, we are also required to perfom specrfic proCedU￿S to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, fctusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amoLTrnts and disclosures in the fin8ncial 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 ¢onsicSered provisitins of othef laws and regulations that do not have a direct effect on
the financial slalemenls bul compliance with which may be fundamental for their ability lo operate or to
avoid a material penalty.
12

West Belfast Development Trust Limited
Company Limited by Guarantee
Independent Audltor's Report to the Members of West Belfast Development
Trust Limited {contsnue
Year ended 30 June 2022
As part of an audr( in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audi(. We also..
Idenlfy and assess the risks of materi81 miss181emenl of the financial slalemenls. whether due lo
fraud or error, design and perfomi audit procedures responsive to those risks. and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstalernenl resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion, forgery, intentional omissK)ns. misrepresentations, or the override
of inlwnal control.
Obtain an understanding of internal control relevant lo the audit in order to design audit
pro¢edures that are appropriate in the circumstances. but not for the purpose of expressing an
opinion on the effeclNeness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of a¢¢ounting
estimates and related disclosures made by the liuslees.
Conclude on the appropriateness of the Iruslees. use of the going concern basis of accounting
ancs, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charty's ability to continue as a going
concern. If we conclude that a material uncertainly exists. we are required lo draw attention in
our audilorfs report lo the related dis¢105ures in the financial statements or, if such disclosures
are inadequate, lo modify our opinion. Our conclusions are based on the audit eviden￿ obtained
up lo the date of our audilorfs report. However. future even15 or conditions may cause the charity
to ce85e lo continue as a going eoncem.
Evaluate the overall presentation, structure and conlenl of the financial slalemenls, including the
disclosures, and whether the financial slalemenls represent the underlying Irans8cIK)ns and
events in a manner that xhieves fair presentation.
13

West Belfast Development Trust Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of West Belfast Development
Trust Limited {contlnued)
Year ended 30 June 2022
We communicate wi(h those charged with governance regarding, among other matter5, the planned
scope and liming of the audit and significant audit findings. including any significant deficEncies in
intemal control that we identify during our audit.
Use of our report
This report is made solely lo the charity's members, as a body, in ¥¢ordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the
charity's members those matters we are required lo slate to them in an audilorfs report and for no
other purpose. To the fullest exienl permitted by law. we do not accept or assume responsibility lo
anyone other than the charity and the charity's members as a body. for our audit work, for this report,
or for the opinions we have formed.
Paul Dolan (Senior Slatulory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory audrf(or
Causeway Tower
9 James Street South
Belfast
BT2 8DN
24 March 2023
14

West Belfast Development Trust Limited
Company Limlted by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2022
2022
Restricted
funds Total funds Total fvnds
2021
Unrestricted
funds
Note
Income and endowments
Charitable actiwties
Investment income
Other income
518,729
109
4,089
25.000
543.729
109
4,089
455.535
24
87.848
Totsl income
522,927
25.000
547.927
543.407
Expendlture
Expenditure on charitable act￿lI1e9
Other expenditure
Total expendlture
453,718
1,330
453.718
1,330
424.372
500
10
455,048
455,048
424.872
Net Incomo
67,879
25,000
92.879
118.535
Transfers between funds
25,000
{25.0001
Net movement in funds
92,879
92,879
118.53S
Reconciliation of funds
Total funds brought forward
Totsl funds carried forward
1,520,611
1,613,490
1,520,611
1.613.490
1,402.076
1,520,611
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expendf(ure dwive frc*n continuing activf(ies.
The notes on pag¢$ 18 to 29 forni part of thes8 financlal statements.
15

West Belfast Development Trust Limited
Company Limited by Guarantee
ststement of Financial Position
30 June 2022
2022
2021
Nots
Flxed assets
Tangible fixed as5els
14 1,423,439
1.424,006
Current assets
Debtors
Cash at bank and in hand
15
60,223
350,870
58.429
333.404
410,893
391.833
Credltors: amounts falllng due wlthln one year
Net current assets
16
147,647
204.007
263,246
1.686,685
187.826
Total assets less current liabilities
1.611,832
Creditors: amounts falling due after more than one year
Net assets
17
73,195
91.221
1.613,490
1.520.611
Funds ofthe charlty
Unreslricled tunds
1.613,490
1.520.611
Total charity funds
19
1,613,490
1,520.611
These financial statements were approved by the board of trustees and aulhorised for issue on 24
March 2023. and are signed on behalf of the boaid by..
K Delaney
Trustee
P Mulholland
Trustee
The notes on pages 18 to 29 forn) part of the¥e financial ststèments.
16

West Belfast Development Trust Limited
Company Limited by Guarantee
Statement of Cash Flov
Year ended 30 June 2022
2022
2021
Cash flows frorn operating activities
Nel income
92,879
118,535
Adjustmgnts for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
crued income
82,319
(1091
3,353
{14.0611
81,654
124}
2,296
15,3901
Changes in..
Trade and other debtors
Trade and other creditors
{1,7941
{42,3231
120,264
14,8001
136,7131
15S,558
Cash generated from operations
Interest paid
Interest received
{3,3531
109
I2,2￿
24
Nel cash from operating activities
117.020
153.286
Cash flows from investing activities
Purchase of tangible assets
Nel cash used in investing activiiies
181,7521
181.752)
133.8801
133.880)
Cash flows from financing activitles
Proceeds from boirowings
Net cash used in financing activities
{18.002}
{18,002}
{2,9061
{2,9061
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash oquivalgnts at end of year
17.266
333,404
116.500
216,904
333,404
350,670
The notes on pages 18 to 29 form part of these financial statèmènts.
17

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2022
General information
The Charity is a public benefit enlty and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
18 301 Glen Road, Belfast, BT118BU.
Statement of compliance
During the current and prior years, no transactions look place with related parties.
Accounting pollcles
Basis of preparation
The financial stslements 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 31erfing, which is the functional currency of the entty.
Going concern
There are no material uncertainties about the Charity's ability lo continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial slalements requlres management to make judgements.
estimates and assumptions that affect the amounts reported. These eslimales and judgements
are continually reviewed and are based on experience and other factors. including expeclalK>ns
of future events that are believed lo be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
harily's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected lo restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-clas8es.' restricted income funds or
endowment funds.
18

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (Conlfnueuj
Year ended 30 June 2022
Accounting policies (coniirtuedj
Incoming rgsources
All incoming resources are included in the statement of financial activities when entitlement has
passed lo 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 specrfic policies
are applied lo particular categories of income..
income from donations or grants is recognised when there is evidence of entit￿ment lo the
gift, re￿Ipl is probab￿ and ils amount can be measured reliably.
legacy income is re¢ognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
. impfaclic81 lo 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 suppty of services is recognised with the delivery of the
contracted service. This is classified as unroslricted funds unless there is a conlraclual
requirement for il lo be spent on a particular purpose and returned if unspent, in which case
il may be regarded as reslri¢led.
RasOU￿$S 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 slalement of
financial activities lo which it relates..
expenditure on raising funds includes the costs of all fundraising actNities, events.
non-charilable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further ils charitable aims for the benefit of its benef￿lar1eS, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
aclivilies.
other expenditure includes all expendi(ure that is neither related to raising funds foi the
charity nor part of its expenditure on char"f(able aclivf(ies.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct Costs
attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned
between the activities they contribute lo on a reasonable. justifiable and consistent basis.
Tangible assets
Tangible assets are initialw recorded al ￿$1, and subsequently slated al cost less any
aecumulaled depreciation and impaimienl losses. Any tangible assets carrie(f al revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accymulaled depreciation and subsequent accumulated impairment losses.
19

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements {continuedJ
Year ended 30 June 2022
Accounting policios (cantinued)
Tangible assets {¢ontlnu8d)
An increase in the earrying 8mount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses. unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activrties. A decrease in the carrying
amount of an asset as a result ol revaluation, is recogni5ed in other recognised gains and losses,
except lo which il offsets any previous Tevalualion gain, in which case the loss is shown wthin
other iecognised gains and losses on the statement of financial activrties.
Depreciation
Depreciation is calculated so as to write off the c05t or valuation of an a5sel. less its residual
value, over the useful economic life of that asset as follows..
Long leasehold property
Fixturgs and fittings
Equipment
Varying rates depending on asset types
Over 10 years
Varying rates depending on asset types
Srnpairment of fixed assets
A review for indicators of impaiiment is carried out al each reporting dale. with the recoverable
amount being estimated Whe￿ such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal al each reporting dale.
For the purposes of impairment testing. when il is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the
Cash-generaling unil to which the asset belongs. The cash-generating unil is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of Ihe cash inflows from other assets 01 groups of assets.
For impaiment lesling of goodwill, the goodwill acquired in a business combination is, from the
acquisition date. allocated lo each of the Cash-generaling units that are expected lo benefit from
the synergies of the cornbination. irrespective of whether other assets or liabilities of the charity
are assigned lo those units.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party lo the
contractual provisions of the instrument.
Bas￿ financial instruments are initially recognised al the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
eonsideratlon expected to be pald or received and not di5¢0unted.
Debt instruments are subsequently measured at amortised cost.
20

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 30 June 2022
Accounting policies (confinued)
Financial instruments (conunued)
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 inslrumenls, including derwatives. are initially recognised al fair value, unless
payment for an asset is deferred beyond normal business letms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at Ihe present value of the future
payments discounled al a market rale 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 a
designated hedging relationship.
Financial assets that are measured al cost or amortised cost are reviewed for objective evidence
of impairment al the end of each reporting date. If there is objective eviden￿ of impainnenl, 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 signrficance, and other financial assets that are
individually significant, these are assessed Individual￿ 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 exienl 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 contrlbution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related serwce is provided. Prepaid contributions are recognised as an asset to the e*£enl
that the prepayment will lead lo a reduction in future payments or a cash refund.
Vvhen contributions are not expected to be settled wholly wthin 12 rmnlhs of the end of the
reporting dale in which the employees render the related service. the liability is measured on a
discounted present value basi5. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantse
The Charty is a eompany limi(ed by guarantee and has no share capital. In the event of the
charty being wound up, the liability in respect of the guarantee is linvled to £1 per member of the
Charity.
21

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinu¢dJ
Year ended 30 June 2022
' Charitable activities
Unrestricted
Funds
Rèstricted Total Funds
Funds
2022
GFI Income
CIRCUS Programme
Go social Programme
Pathway to Enterprise
Foursight Creative Mindset
NICMA
Rental Income
SEV Rental Ineome
Water charges to tenants
Postage & Stationary charged lo tenants
SEV Room Hire
Consultancy
Kick Start
THINC Income
Ards & North Down SEP Programme
Program In¢ome
Management of SE Incentive Fund
SUNSE
Housing and Homelessness Cl
COVID Recovery Programme
Creative Industries
Exploring Enterprise
Business Cluster & Communty Grant
88.779
1.020
2,964
88.779
1.020
2.964
235.699
90.146
5.353
2.230
4,025
235,699
90,146
5.353
2,230
4,025
5,586
5,586
34.595
34,595
10.000
1.094
16,607
3.833
10,513
6,285
10,000
1,094
18,607
3,833
10.513
6,285
25.000
25,000
518.729
25,000
543,729

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 30 June 2022
Charitable activities (¢onllnuedJ
Unrestricted
Funds
Restricted Totsl Funds
Funds
2021
GFI Income
CIRCLIS Programme
Go social Programme
Pathway to Enterprise
Foursight CrealNe Mindset
NICMA
Rental Income
SEV Rental Income
Water charges lo tenants
Postage & Stationary charged to tenants
2.713
13,150
94,449
2,300
3,863
700
209,072
66,326
3,618
902
2.713
13,150
94,449
2,300
3.663
700
209,072
66,326
3.618
902
kl-l
SEV Room Hire
Consultancy
Kick Start
THINC Income
Ards & North Down SEP Programme
Program Income
Management of SE Incentive Fund
SUNSE
Housing and Homelessness Cl
COVID Recovery Programme
Creatwe Industries
Exploring Enterprise
Business Cluster & Community Grant
1,816
1,881
17,136
475
19.300
5.500
12.534
1.816
1.881
17.136
475
19.300
5,500
12.534
455.535
455.535
Investment income
Unreslricled Tolal Fund$ Unrestricted Total Funds
Funds
2022
Funds
2021
Bank interest receivable
109
24
24
Other income
Unrestricted Total Funds Unreslricled Total Funds
Funds
2022
Funds
2021
COVID grants received
HMRC Furlough Income
Insurance claims
68,750
19,098
68,750
19,098
2,189
1,900
4.089
2,189
1,900
4,089
87.848
87,848
23

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontsnu¢dJ
Year ended 30 June 2022
Expendlture on charltable actlvlties by aclivty type '
Activities
undertaken
directly Support costs
Total funds
2022
Total fund
2021
Enterprise Programme
Goveman¢e Costs
385,278
57.183
11,257
442,461
11,257
409,510
14,862
385,278
68.440
453.718
424,372
Analysis of support costs
Analysis of
support costs Total 2022 Total 2021
Staff costs
Premises
Communications and IT
General office
Finance costs
Governan￿ costs
29.319
20,915
1,827
5,122
3,353
7,904
29.319
20,915
1,827
5,122
3,353
7,904
33,069
19,169
1,779
3,898
2,296
12,566
68.440
68.440
72.777
10. Other expenditure
Unreslrided Total Funds Unreslricta Total Funds
Funds
2022
Funds
2021
Charitable donations
1,330
1,330
500
500
11. Net income
Net income is slated after chargingl{credilingl'.
2022
2021
Depreciation of tangible fNed assets
Fees payable for the audit of the financial slalemenls
82.319
5.408
81,654
6,000

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (contthued)
Year ended 30 June 2022
12. Staff costs
The total staff costs and employee benefts for the reporting period are analysed as follow5.'
2022
2021
Wages and salarie5
Social security costs
Employer contributions lo pension plans
Other employee benefits
138,625
9.803
9.373
5.649
138,575
12,749
9,492
4,894
165.710
163,450
The average head count of employees during the year was 412021.. 6}.
No employee receNed employee benefits of more than £60.000 during the year12021.. Nill.
Key Management Parsonnel
Key management personnel in¢lude all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The lolal compensation paid lo key
management personnel for ServI￿S provided lo the charity was £97,10412021.'£90,0461.
13. Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits fn)m employment in the year
12021'.£Nill. The charity trustees did not have any expenses reimbursed during the year
12021.'£Nill.
25

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements fcontlnuedj
Year ended 30 June 2022
14. Tangiblo fixèd assets
Long
Freehold leasehold F￿tureS and
property
proporty
fftlings Equipment
Total
Cost
Al 1 Juty 2021
Addrtions
42,500 2.889.529
80.473
50,584
3,796 2,986.409
1.279
81.752
At 30 June 2022
42.500 2.970.002
50,584
5.075 3,068.161
Depreciation
Al 1 JU￿ 2021
Charge for the year
At 30 June 2022
1,527.050
77,389
1.604.439
34.755
4.188
598 1.562.403
742
82.319
38,943
1.340 1,644,722
Carrying amount
At 30 June 2022
42,500 1,365,563
42.500 1.362.479
11,641
15,829
3.735 1,423.439
At 30 June 2021
3,198 1,424,006
15. Debtors
2022
2021
Trade debtors
PTepaymenls and accrued income
13.486
46.737
11.556
46.873
80,223
58,429
16. Creditors: amounts falling due viithin one year
2022
2021
Bank loans and overdraft5
Trade credf(ors
Accruals and deferred income
Social security an(J other taxes
Other creditors
17.380
49.506
53,785
15.418
11.558
17,356
52.842
67,846
39.269
26.694
147.647
204,007
26

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (contintsedj
Year ended 30 June 2022
17. Creditors: amounts falling due after more than one year
2022
2021
Bank loans and overdrafts
73.195
91,221
2022
2021
Amounts payable..
Due within one year
Due in 1- 2 year5
Due in 2 - 5 years
Due in > 5 years
17,380
18,090
55,105
17,356
18,018
61,603
11,600
90.575
108,577
Loan Terms
The lemis of the bank loan are..
Loan interest is Charged al 30h per annum over the base rate
The final repayment dale is scheduled lo be December 202S
18. Penslons and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £9,37312021'. £9,492).
19. Analysls of charitsble funds
Unrestrlcted funds
Al
1 July 2021
At
Transfers 30 June 2022
Income Expenditure
General funds
Designated Fund- Land
& Property
269,879
522.927
1398,488)
155.595)
338,523
1.250,932
156,560}
{455.0481
80.595
1,274,967
1.613,490
1,520,611
522.927
25,￿0
At
1 July 2020
Income Expenditure
Transfers 30 June 2021
General funds
Designated Fund - Land
& Property
104.798
543.407
{378,5261
269,679
1,297.278
1,402.076
146,3461
1424,8721
1,250.932 1
543,407
1,520.611
27

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements f¢oniinuèdJ
Year ended 30 June 2022
19. Analysis of charitable funds fcontinU8dJ
Restricted funds
At
1 July 2021
At
Transfers 30 June 2022
Income Expenditure
BCC- Business Cluster
and Community Grant
25.000
{25.0001
Al
1 July 2020
Al
Transfers 30 June 2021
In¢ome Expenditure
BCC- Business Cluster
and Community Grant
A transfer has taken place in the year which relates to fixed assets. West Belfast Development
Trust used funding lo purchase assets which has been transferred lo Unrestricted Funds as
Wesl Belfast Development Trust fully own the assets, no reslriclions have been placed on these
assets.
20. Analysls of net assets between funds
Unrestricted Totsl Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
1,423,439
410,893
(147,6471
173.1951
1,613,490
1.423,439
410,893
1147.6471
173.1951
1.613,490
Unreslricled Total Funds
Funds
2021
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors giealei than 1 year
Net assets
1,424.006
391.833
{204.0071
191.2211
1,520.611
1.424,006
391,833
1204.0071
{91,2211
1.520,611
21. Taxation
The Company is a registered eharty, and as such is entitled to lax exemptions on Inccxne and
Pfoffts in furtherance of the charity's primary ci)jectives.
28

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2022
22. Analysis of changes In net debt
At
Al 1 Jul 2021 Cash flows 30 Jun 2022
Cash at bank and in hand
Debt due within one year
Debt due after one year
333.404
117,3561
191.221)
224,827
17,266
{241
18,026
350,670
117.3801
173,1951
260,095
35,268
23. Contingeneies
A conlingent liability exists to repay grants and Trust monies received should certain conditions
not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offers
have been, or will be, complied with and no liability is expected.

West Belfast Development Trust Limited
Company Llmited by Guarantee
Management Information
Year ended 30 June 2022
Thg following pages do not form part of the financial statements.
30

West Belfast Development Trust Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 30 June 2022
2022
2021
Income and endowments
Charitable actlvitles
GFI Income
CIRCUS Programme
Go social Programme
Pathway to Enterprise
Foursight Creative Mindset
NICMA
Rental Income
SEV Rental Income
Water charges lo lenanls
Postage & Stationary Charged to tenants
SEV Room Hire
Consultancy
Kick Start
THINC Income
Ards & North Down SEP Programme
Program Income
Management of SE Incentive Fund
SUNSE
Housing and Homelessness Cl
COVID Recovery Programme
Creative Industries
Exploring Enterprise
Business Cluster & Communty Grant
2,713
13,150
94,449
2,300
3,663
700
209,072
66,326
3,618
902
1,816
1,881
17,136
475
19,300
5,500
12.534
88,779
1.020
2.964
235,699
90,146
5.353
2.230
4,025
5,586
34,595
10.000
1,094
16.607
3.833
10.513
6,285
25,000
543,729
455,535
Investment incorne
Bank interest re￿1vable
109
24
other Income
COVID grants received
HMRC Furlough In¢ome
Insurance claims
68.750
19,098
2,189
1,900
4,089
87,848
Total income
547.927
543,407
31

West Belfast Development Trust Limited
Company Llmited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2022
2022
2021
Expenditure on charitable activities
Enterprise Programm&
Actlvities undertaken directly
Wages and salaries
Employerfs NIC
Pension costs
Other employee benefits
Rates and water
Light and heat
Repairs and renewals
Insurance
Security costs
Travel costs
Training Costs
Telephone
Printing, postage and stationery
Depreciation
Ne￿Ork infrastructure maintenance and support
Cornputer expenses
CIRCUS programme
Foursighl profiles
Protowtyping materials
Foursight Creative Mindset
Ards & North Down SEP
NIBSUP expenses
Kick Start expenses
Pathway to Enterprise
Conferences
Learner Management Support
Bad debt Write off
Go Social Programme Expenses
ENI Service ChargelMIS
Go Social additional support
Design Thinking programme expenses
SEV Insurance
113,687
7,190
7,605
5,649
{2.0531
14.399
42,752
8,678
11.441
110,128
10,403
7,216
4,894
11.100)
6.517
35,871
9,537
10,717
{3.238}
1,139
5,335
1,776
81,654
6,182
641
580
7,877
146
117
9,020
1,885
10,885
2,013
5,523
5,481
1,798
82,319
2,819
1,018
420
53
479
19.511
4.003
60
1.152
568
40,676
2.486
785
346
18,521
2,486
16.325
59
3.517
Carried forward
381,861
358.717
32

West Belfast Development Trust Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Actlvlties (COnflnuÈd)
Year ended 30 June 2022
2022
2021
Brought forward
381.861
358.717
Bad Debt Provision
Housing & Homelessness Community Innovators
13.0491
6.466
17,1221
385.278
351.595
Support costs
Wages and salaries
Employerfs NIC
Pension costs
Rates and water
Light and heal
Repairs and rengwals
Insurance
Telephone
Printing, postage and stationery
Refreshments
Subscriptions
Advert15ing
Gifts and samples
24,938
2,613
1.768
28.447
2.346
2,276
1,947
2,173
11,870
3.179
1.779
592
751
1,750
75
730
3,772
14,250
2.893
1,827
600
735
2.492
75
1,220
57,183
57,915
Governance costs
Audit fees
Legal and other professional fees
Loan interest
Bank charges
Consultancy
5.408
1.913
3.353
513
70
6,000
4,541
2,296
525
1.500
11.257
14,862
Expenditure on charitable activities
453.718
424,372
Charitable donations
1.330
500
Total expendlture
455,048
424,872
Net incomo
92,879
118,535
33