REGISTERED COMPANY NUMBER: NIO53950 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101838
ort of the Trustees and
Financial Statements for the Year Ended 31 March 2023
for
Belfast South Communi
Resources
Acom
an
Limited b Guarantee
Lynn Drake & Co Ltd
Statutory Auditors
I st Floor
34 B-D Main Street
Moira
Co. Annagh
BT67 OLE

Belfast South Communi
Resources
Contents of the Financial Statements
for the Year Ended 31 Ilqarch 2023
Page
Reference and Administrative Details
Report of the Trustees
2 to 10
Report of the Independent Auditors
Statement of Financial Activities
15
Statement of Financial Position
16
Statement of Cash Flows
17
Iyotes to the Statement of Casb Flows
18
Notes to the Financial Statements
19 to 32
Dctailcd Statement of Financial Activities
33 to 34

Belfast South Communi
Resources
Reference and Administrative Details
for thc Year Ended 31 March 2023
TRUSTEES
William Robinson
Desmond Graham
Margret Gibson
Ivan Graham (resigned 11512023)
Malcolm Lavery
Stephen Wilson
William Harkness (appointed 11512022)
REGISTERED OFFICE
127-145 Sandy Row
Belfast
Co. Antriin
BT12 SET
REGISTERED COMPANY
NUMBER
N1053950 (Northern Ircland)
REGISTERED CHARITY
NUMBER
101838
AUDITORS
Lynii Drake & Co Ltd
Statutory Auditors
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
CHIEF EXEC OFFICER
Garnet Busby
ADVISERS
Ulster Bank Limited
140 - 142 Great Victoria Strcet
Belfast
BT2 7BU
Santander
2-6 Bradbury Place
Belfast
BT7 IRX

Belfast South Communi
Resourees
ort of the Trustees
for the Year Ended 31 March 2023
Thc trustees who are also directors of the charity for the purposes of tlie Compaiiies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2023. The trustees have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the company shall be to promot¢ the benefit of the inhabitants of South Belfast.
Strategy Objective
Develop woi'king partnerships and relationships to create a safer environment and
improved conditions for those who live, work and visit the area.
Target and engage with young people at risk througli anti-social behaviour, substance misuse & criininal
activity. Build tlie coiifidence and capacity of parents and children to develop healthy and liappy
relationships with each other and oihers in tlieir lives.
Utilise the Community Safety project, including its volunteers to increase individual and community safely
and confidence in the area.Tackle economic and physical decline and general dereliction in the area.
Tackle Educational underachievement in the area.
Strategy Objective- Contribute to the implementation of physical and social renewal in the area at a strategic
and opcrational level.
Secure funding and support for an accessible fit for purpose learning hub in Sandy Row.
Provide a community led response to the development of the Gilpins site.
Promote and create opportunities to develop social economy eiiterprises and entrepreneurial skills to eiiliance
sustainability,
Contribute to community environmental action that enhances the area Reduce isolation of individuals and
the area
Strategy Objective
Create, maintain and develop opportuniti¢s that support and deliver social, economic,
environmental and cultural d¢velopment activities.
Maintain a shared space and information 'hub' where iiidividuals and groups can be signposted to the
services they n¢¢d.
Deliver projects and activities that build intra and cross community relations in an integrated way that
contributes to joint working and a shared future.
D¢velop opportunities to acknowledge th¢ legacy of the conflict and its impact upon the lives of individuals
and communities, particularly in Sandy Row.
Facilitate learning and other opportunities to promote Sandy Row's cultural identity and contribute to social
and economic sustainability

Belfast Soulh Communi
Resources
Re ort of the Trustees
for the Year Ended 31 March 2023
Action Results
Connect all Parents Soutb
Connect all Parents South is a program working across Arellian Nursery School, Blythefield Primary School
and eiigages with the Markets Parents to help parents help their childr¢ii get the most out of their education.
Connecting local and newcomer families to encourage relationships between and within Communities. Led
by Belfast South Coinmunity Resources (BSCR).
How has the pandemic affected this projectg
Due to school restrictions we have not been able to access the school's parent rooms to date, however BSCR
are continuing to support the parents group to Ineet weekly at our buildiiig until further notice. Our parents,
group is important to support the development of peer parent relationsliips and support networks for all
parents but especially those who arc young, isolated or newcomer parents.
Feedback from parents attending I need tliis, I need to sit witli a cup of tea and chat to other parents who are
going through the same things that l am so I don't feel like I'm alone or going mad. To some people doing art,
baking or whatever activity is on might seems silly but to me I look forward to seeing what we are doing
each week in the parents group. It beats going hoine to clean or watch TV.
'1 was sitting on my own with me problems for months, even afraid to tell Jamie-Lee how I was feeling or
what was going on in my mind for fear of being judged or people thinking I wasn't a good mum. But
Jamie-Lee persisted in checking up on me when she saw me at the school or out aiid about and continually
invited me along to thiiigs. Now I've started coming to the parents group I feel like a belong to a group of
like-minded people and I'm not afraid of sharing how I fcel and talking to other people.
Over thc summer parents were informed of online training, education and learning opportunities via social
media and email. Parents were encouraged to fill out surveys to provid¢ valuable information for services
that could potentially support them i.e. (SENAC, housing Exc, Sure Start)
Family trips were organised throughout the suminer, These trips cncouraged families to get outdoors for
physical and mental health benefits and to build 011 peer relationships.
BSCR worked in partnership with south City highlighting and promoting their school uniform exchange
prograinme. The parent worker (Jamie-Lee) was able to identify families in need through relationsliips built
and put referrals in to collect good condition second hand uniforms. Families were also encouraged to
ontact south city directly if they needed anything.
30 family packs funded by Radius were given to families in Sandy Row with information on Nutrition,
emotional wellbeing, info on what's on in south Belfast and £20 Dunnes voucher to help with uniform or
food.
Online and face to face workshops were held around nursery and Pl readiness for local parents. Helping
parents understand what th¢y can do to support th¢ir Child's iieeds transitioning into a new nursery or school
an be beneficial to parent's confidence while also supporting the children to be ready for their new
educational experiences. Workshops includ¢d, toilet training, independence skills and routines.
Paediatric first aid training was put on for local parents. Giving them the confidence to deal with medical
emergencics that may happen within the home.

Belfast South Communi
Resources
ort of the Trustees
for Ihe Year Ended 31 March 2023
Belfast Diversity Day, Nl Centenary fun day and the Arellian Nursery School graduation were some of the
bigger events of the summer that BSCR organised or were a part of.
Numbers Supported
30 families
STET/Moving upltransitions program
The Moving Up programine is part of the Belfast South Early intervention Project and is managed by Aimee.
It aims to enhance self-esteem, emotional resilience, wellbeing and confidence amongst children and ilieir
parents witli the transitions process at key stagcs in their leaming at primary and post primary schools. The
Moving Up programme has been designed to help make transition as smooth as possible, providing support
covering issues such as how young people can be impacted by transition and the challcngcs they may face.
In March 2020 our sessions in schools stopped due to the pandemic, and did not resume until September this
year, and we are now back in 8 schools delivering mindfulness and other programs into these schools.
Coment Program
Delivered by BSCR and lead by Nicki Sproule, coment is a mentoring programme that aims to work with
young people between the age of l6 -24 wlio are not in employinent or education. It is a one to one
mentoring service that supports young people to make positive steps forward in all aspects of their life but in
particular into finding further training, education or work experieiice.
Numbers involved.
12 Clients
Study Support and GCSE programs
The Study Support program is managcd by Nicki Sproul and is funded by Children in Need and provides
young people who are of secondary school age (11-18) the opportiinity to work I to I with University
Students on their acadeinic work. Pupils are match¢d with a student, who has experience in a subject the
young persoii feels tliey need supported in.
The GCSE program is also managed by Nicki Sproule and funded by BCC and consists of targeted classes in
both community setting and schools. The program is aimed at pupils who need extra support prior to their
GCSE Maths and English exams. The pupils are split into small groups and are taught by a fully qualified
teachers who are assisted by a classroom assistantlmentor.
How has the pandemic affected these projects?
Initially both study support and GCSE programs were halted due to lock down, but both have now resumed.
Numbers involved.
GCSE- 100
Study support- 30

Belfast South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2023
Home work Club
The homework club is managed by Chloe and is funded by Urban Villages. It provides homework support
for primary school pupils and is based in SRCC.
30
Digital Connect South
Digital Connect South is managed by Jonny and funded for the most part by Urban Villages. The Project
aims to bring together members of the south Belfast community to tak¢ part in activities using digital
creative equipment and software. Participants will be fully supported by experienced staff to design aiid
create a variety of items through both accredited and bespoke workshops. Tlie project aiills to reduce
isolation, build confidence, encourage good relalions, upskill and support participaiits who wish to progress
into further training and employment in this area. The project will also explore how the digital revolution
can bring the proud Inanufacturing tradition of Belfast back to life.
This year saw us working on a range of different projects Throughout the summer holidays over 300 people
took part in digital based activiti¢s with BSCR. These projects gave the participants the opportunity to
develop their digital skills and try new and creative activities that help promote good wellbeing.
Connect Digital South supported 4 and 5 year olds in their STEM knowlcdgc through our STEM day for wec
uns. This project Iielped promote friendships and collaboration through Lego, Green screen picture making
and much more.
Our traditional Geek week was changed to different digital days to allow different children to take part in the
project, due to Covid regulations. photography and street Art project saw 26 young people developing new
photography skills and exploring our city. In addition tlie older group desigiied and created a new positive
mural williin Sandy Row.
Gaming and digital fabrication gave participants from across the South Belfast Area the chance to come
together and play games and digitally fabricate a range of different products together.
80 young people from the charter Youth club, were able to try a range of different digital activities through
out tlie suinmer, including T-shirt and lioodie fabrication aiid 3 D design.
Our Inaugural Beach Football competition saw young people as a team design and fabricate their own
personalised kit for the beach football tournament. This helped to give the young people an insight on how
sports clubs kits are designed and fabricated.
5 young people are currently working through tlieir OCN in digital fabrication and have developed a range of
CAD and CAM skills.
The next quarter sees us going back into schools and youth clubs, we have developed a rang¢ of new projects
for primary and secondary aged people.
Wee ones do STEM
Wee on¢s do STEM, is a pilot project that focuses on promoting and developing young people's digital &
STEM based skills. The project will focus on practical and explorative lessons over 5 sessions and is
tailored to p l-p3 pupils.
The project will look to use Lego, iPads, music and digital fabrication to foster a love for STEM.

Belfast South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2023
Tech your Health
Tech your Health aims to support and promote healthier lifestyles for participants by helping them
understand Inore about their own mental, physical & social wellbeing. Tliis will be dclivcred through a range
of practical workshops centred on digital and physical activities that the participants wouldn't normally get
the chance to do.
Number involved in Digital programs
800
Education and Youth
Education and youth is managed now managed by Chloe and funded by Dfc. Raising educational attainment
levels is a top priority for BSCR. The corc aim of the work is to raise attainment levels across Ihe education
spectrum for children and young people experiencing disadvantage and exclusion through poverty, and
social, emotional and behavioral difficulties. The innovation of the BSCR'S Education Initiatives lies in their
wraparound support approach tliat is inclusive of parents and fainilies, building on the existing work in thc
local area. We deliver a service which is very Inuch based on need, it's delivered in the local community by
people who care about the needs of our young people.
Physi¢21 and Economic Regeneration.
Physical and Economic Regen¢ration is Inanaged by Nikki and Garnet (on top of their other roles withiii
BSCR) and is funded by DFC. BSCR continues to work with other social partners on the regeneration of oiir
local area. Gilpins is still a priority, but as you all know we have been let down of late by the otlier Pllrtiiers
involved in this project and we don't know if and when it will happen.
BSCR Continues to take the lead on this and several other regenerational capital projects within Sandy Row.
We are also working on plans for a cultural café on the old Enas site 92-94 Sandy Row and the wee rubies
site.
We still believe that that new transport hub has the potential to be a game changcr for SR, and as such we are
continuing to work with all the relevant bodies to ensure that we as a community receive maximum benefit.
We are glad to report that the hub now has planning pcrmission and the time allowed for JRS has now
passed. Wc are continuing to work with the forum on all aspects of the development including expected
disruptions and employm¢nts prospects.
Economic Sustainability
BSCR have been supported by a number of funders for its core work and projcct development this year. We
would like to acknowledge and thank our funders. they are all listed in our audited accounts, but l think a
special mention should go to DFC, BCC and Uvs for their continued support.
We will always require grant funding and it is right that central government should continuc to resource
some of the work we do but it is the ultimate goal of BSCR to establish a position wher¢ cor¢ activities are
self-funded through our own activitics.
This report illustrates the many services, activities and projects offered by BSCR as I said in the beginning
they represent only a small proportion of what we do and I recommend that you follow our activiti¢s on the
web site.

Belfast South Communi
Resources
ort of the Trustees
or the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Public benefit
(l) The public benefits that flow from the purposes of advancing education, employment and training,
relieving poverty, iinproving social welfare and addressing economic and physical dercliction are
(i) enhanced educational attainment, transferable skills, capabilities and capacities and improved potential
to secure employment.
(li) increased self-awareness, confidence and resilience and the developmcnt of social and communication
skills and abilities and an enlianced sense of purpose and fulfilment
(iii) reduction in unemployment, hardship and povcrty, leading to a better quality of life for the
beneficiaries and consequent improvements in their health and w¢ll-b¢ing'
(iv) enhanced knowledge about setting up social enterprises, resulting in increased levels of employment
and better prospects of sustainable development.
(v) improved environmental conditions, leading to a reduction in stress and anxiety and improvements in
people's well-being.
(2) The public benefits that flow from the purpose of preserving and protecting health are
(i) improved mental, physical and emotional well-being, leading to reduced hardship, stress and anxiety.
(li) improved self-care and self-help strategies.
(iii) increased skills, knowledge and capacity to make healthier lifestyle choices.
(iv) positive behavioural change ainong young people.
(v) greater access to advice and iiiforination relating to health issues.
(3) The public benefits that flow from the purpose of providing and assisting in thc provision of facilities in
the interests of community development are
(i) increased opportunities to engage in new activities that bring people together, leading to greater social
cohesion, improvements in Iiealih and fitness, well-being and fulfilinent.
-(ii) enhanced activity, engagement and participation in social activities by the beneficiaries, leading to
improvement in their well-being, quality of li fe and greater social cohesion.
-{iii) enhanced accessibAIity (o free or affordable facilities and amenities.
(4) The public benefits that flow from the purpose of proinoting all or any objects for the bcncfit of the
inhabitants are - (i) increased efficiency and effcctiveness of the community and voluntary organisations that
use Bclfast South Community Resources, facilities, resulting in enhanced outcomes and servic¢ d¢liv¢ry
and, consequently, ali improved quality of life for those wlio benefit from the work of these organisations-
-([]) greater access to relevant and accurate information.
-(iii) raised awareness aiid understanding of, and empathy with, people from ethnic minorities or other
religions, cultures and beliefs, leading to greater social cohesion, reduction in tension and conflict.
-(iv) reduction in crime and anti-social behaviour and gr¢at¢r feelings of safety within the Goinmunity.
The ben¢ficiari¢s are the general public - These benefits can be evidenced through: monitoring records kept
by BSCR and other agencies of the numbers of those who have successfully completed training cours¢s-
independent evaluations of the activities and impact of BSCR and of other local community and voluntary
organisations. the findings of community surveys" and f¢edback from the beneficiaries. No harni or private
benefit arises from these purposes.
The trustees are fully aware of the guidelines from the Charity Commission for Northern Ircland to comply
witli the Charities Act(NI) 2008, and believe they are operating entirely within thos¢ guidelines.

Belfast South Communi
Resourees
Re ort of the Trustees
for the Year Ended 31 March 2023
FINANCIAL REVIEW
The company had net outgoing resources for the year of £44,676 (2022.. net Incoming resources of £1,684),
which reflected the completion of a number of projects carried out during the year. Unrestricted funds
increased £18,888 whilst Restricted funds decreased by £63,564.
This has been a another strange year, we seem to have seen off Covid-19 only to have it replaced by a cost of
living crises, and who can tell what the coming year will bring. Sandy Row has and continues to face major
economic, social, physical and cultural challenges. Job losses, lower incomes, rising prices and lack of job
opportunities for young people are all continuing to have an impact on local people, posing a strain on
individuals, families and communities. BSCR remains committed to finding ways to support the community
in this time of deepening economic crises, by both short term measures such as the fuel voucher scheme but
also by expanding our educational programmes to aid our young people gain the qualifications they need to
succeed in this increasing complex and technical world.
In the past year we have developed and delivered ¢xc¢ptional programmes across the fields of education,
physical and economic regeneration, employment and training, cominunity confidence and safety. Working
in partnership with a range of local people, business leaders, elected representatives, coinmunity
organisations, statutory and public agencies we have delivered programmes and projects which have resultcd
in positive change iii our community. However, we could always do more so If you feel there is soinething
we are inissing then I would you to come in to meet with the teain any time.
It is difficult in a short report to capture all the detail of our work over the past year, so I invite you to visit
our website www.bscr.co.uk, where you will meet our staff and read about our work and view the Inany
photos, short films etc., we have developed which will hopefully give you an insight into our achievements
and partnership working. Quite simply, we would accomplish little without the professionalisin of our small
but highly dedicated staff team and Board members. I wholeheartedly acknowledge tlie coinmitment made
by thcin over the past year. All of this work would be impossible without the support of our fundcrs and
donors who continue to invest in making Sandy Row a better place, in particular DFC, Urban Villages, CIN
and BCC who provide core funding to the group. It is this core funding which has made everything else you
read about in this report possible.
The ethos of BSCR is all about the community and the great pcoplc who make it what it is. I hope we can
continu¢ to ensure people are looked after right through this crisis and that our community, (indeed
communities throughout Belfast) become even stronger and closer than ever before.

Belfast South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2023
FUTURE PLANS
92194 Sandy Row (Eans) has been approved, the funds arc in place, and we expect to purchase the building
in the first Iialf of the next financial year. We will then appoint a design team and work on the plans for Ihe
new build to include the cultural cafe and three apartments. The business plan for the digital/arts hub which
will be situated on the derelict land next to our offices at 1491151 Sandy Row has been approved and we are
working on the funding package for this project.
We are continuing to expand the digital fabrication suite and are looking at ways that we can free up
additional space to enable this to happen. Our Digital program into local schools has been a major success
and will be a continued focus of our work going forward. Siinilarly, the pand¢mic has taught us that local
children suffered a great deal of mental stress as a result of th¢ lock downs, in reaction to this we hav¢
employed and re-trained several staff in order to be able to deliver an enhanced mindfulness program both in
hous¢ and into local schools.
BSCR continued to host the Parents group in 2021 and we don't see that changing in 2022 we are therefore
developing Inor¢ and eiihanced program for this group.
The exam centr¢ has also been a tremendous success and we hav¢ in many ways out grown the space we can
dedicate to this social enterprise within the centre. Going forward we plan to build a dedicated exam centre
within the new digital hub and to continue to expand this element of BSCR with the goal of making BSCR as
self-sustaining as possible.
Our transitions programs and are GCSE programs are both back to full capacity and we plaii to continue and
expand the area of our work. Indeed going forward we see the main focus of BSCR as becoiniiig more
cantered on the educational and training needs of local children.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a liinited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The Cliarity follows an appraisal process to identify the skills required for the Trustee Board and to identify
any skills gap oil the Board. Members of the Trustee Board receive a full induction programm¢ on joining
the Trustee Board and thcreaftcr receive ongoing training and briefing sessions.Thc board coinpletes an
annual evaluation of its effectiven¢ss. Actions arising froin this process are intcgrated into the corporate
workplan. The Trustec Board uses open recruitment and strives to ensure that th¢re is adequate local
representation on the Trustee Board.
The trustees delegatc the day to day running of BSCR to that of Garnet Busby - Manager.
EVENTS SINCE THE END OF THE YEAR
Inforn]ation relating to events since the end of the year is given in the notes to th¢ financial statements.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Belfast South Coinmunity Resourccs for the purposes of company
law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland

Belfast South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued
Company law requires the trustees to prepare financial statements for eacli financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of thc charitable company for that period. In preparing
those financial stateinents, the trustees are required to
select suitabl¢ accounting policies and then apply them consistently.
obscrv¢ the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable aiid prudent.
prepar¢ the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the cliaritable company and to enable thein to eiisure that the financial
statements comply with the Coinpanies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularitics.
In so far as the trustees are aware:
there is no relevant audit inforniation of which tlie cliaritable company's auditors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit inforniation and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of thc Companies Act
2006 relating to small companies.
Approved by order of the board of trustees on 25 May 2023 and signed on its behalf by..
Stephen Wilson - Trustce
10

ort of the Inde
endent Auditors to the Trustees and Members of
Belfast South Communi
Resources
Opinion
We have audited the financial statements of Belfast South Community Resources (the 'charitable company,)
for the year ended 31 March 2023 which comprise tlie Statement of Financial Activities, the Statement of
Financial Position, the Statement of Cash Flows and notes to Ihe financial statements, including a summary
of significant accounting policies. The financial reporting framework that lias been applied in their
preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice, including financial Reporting Standard 102 'The financial Reporting Standard applicable in the
UK and Republic of Ireland,; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicabl¢ law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements s¢ctioii of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statemeiits in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities. in
the circumstances set out in note 19 to the financial statem¢nts, and w¢ have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stateineiits, we have concluded that the trustces, use of the going coiicern basis of
accounting in the preparation of the financial stateinents is appropriate.
Based on the work we have performed, we have not identified any material unccrtainti¢s relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's abi lity to
continue as a going concern for a period of at least twelve months from wlien the financial statcm¢nts are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.

ort of the Inde
endent Auditors to the Trustees and Members of
Belfast South Communi
Resources
Other information
The trustees are responsible for the other inforination. The other ir]formation comprises the information
iiicluded in the Annual Report, other than the financial statements and our Report of the Independent
Auditors thercon.
Our opinion on the financial statements does not cover the other information and, except to tlie extent
otlierwise explicitly stated in our report, we do not cxpress any fonn of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other inforination
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a Inaterial misstatement in the financial stateinents theinselves. If, based on the
work we have performed, we conclude tliat there is a material Inisstatement of this oth¢r inforination, we are
required to report that fact. We have nothing to report in tliis regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based oli the work undertaken in the course of the audit..
the information given in the Report of tlie Trustees for the financial year for which the financial
statements are prepared is consistent with the financial statements. and
the Report of the Trustees has beeii prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records Iiave not been kept or returns adequate for our audit have not been r¢cciv¢d
from branches not visited by us; or
the fiiiancial statements are not in agreeinent with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the informatioii and explanations we require for our audit. or
the trustees were not entitled to take advantage of the small companies exemption from the r¢quirement to
prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
A5 ¢xplain¢d more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the
directors of the Charitable company for the purposes of company law) are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal
control as tlie trustees determine is necessary to enable the prcparation of financial stateinents tlial are frec
from material misstatement, wliether due to fraud or ¢rror.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intcnd to liquidate th¢ charitable company or
to cease operations, or have no realistic alternative but to do so.
12

ort of the Inde
endent Auditors to the Trustees and Members o
Belfast South Communi
Resources
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasoiiable assui-aiice about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors
tliat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise froin 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 statements.
The extent to which our procedures arc capable of detecting irregularities, including fraud is detailed bclow..
As part of an audit in accordaiice with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also'.-
Identify and assess the risks of material misstatement of the financial stateiments, whctli¢r due to fraud or
error, design and perforin 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
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrcpresentations, or the override of intemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstanccs, but not for the purpose of expressing an opinion on tlie ¢ffectiv¢ness of the
charities internal control.
Evaluate the appropriaten¢ss of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of tlie going concern basis of accounting and based on
the audit evidence obtained, whether a Inaterial unccrtainty exists related to events or conditions that may
cast sigiiificant doubt on the charities ability to continue as a going concern. If we coiiclude that a material
uncertainty exists, we are r¢quired to draw attention in our auditor's report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are bascd
on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions
may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure, and content of the financial statements, including the disclosures
and whether the financial statements represent the underlying transactions and ¢vcnts in a manner that
achieves fair presentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms
part of our Report of the Indepcnd¢nt Auditors.
13

ort of the Inde
endent Auditors to tbe Trustees and Members of
Belfast South Communi
Resources
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
haritable company's members those matters we are required to state to them iii an auditors, report and for no
other purpose. To the fullest cxtent permitted by law, we do not accept or assume rcsponsibility to anyonc
other than the charitable company and the charitable company's meinbers as a body, for our audit work, for
this report, or for th¢ opinions we have formed.
Alistair Wells (Senior Statutory Auditor)
for and on behalf of Lynn Drake & Co Ltd
Statutory Auditors
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
25 May 2023
14

Belfast South Communi
Resources
Statement of Financial Activities
Incor
oratin
an Income and Ex
for the Year Ended 31 March 2023
enditure Account
31.3.23
Total
funds
31.3.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
220
220
3,173
Charitable activities
Grants Receivable
1,426
500,518
501,944
556,079
Other trading activities
Envestment income
36,779
32,457
36,779
32,457
47,186
33,348
Total
70,882
500,518
571,400
639,786
EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure
Governance
48,609
3,385
562,748
1,334
611,357
4,719
633,641
4,461
Total
5l,994
564,082
616,076
638,102
NET INCOMEI(EXPENDITURE)
18,888
(63,564)
(44,676)
1,684
RECONCILIATION OF FUNDS
Total funds brought forward
389,769
785,366
1,175,135
1,173,451
TOTAL FUNDS CARRIED FORWARD
408,657
721,802
1,130,459
1,175,135
The notes form part of these financial statements
15

Belfast Suuth Communi
Resources
Statement of Financial Position
31 March 2023
31.3.23
31.3.22
Notes
FIXED ASSETS
Tangible assets
12
721,700
769,809
CURRENT ASSETS
Debtors
Cash at bank
13
91,776
339,706
158,885
256,018
431,482
414,903
CREDITORS
Amounts falling due within one year
14
(22,723)
(9,577)
NET CURRENT ASSETS
408,759
405,326
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,130,459
1,175,135
NET ASSETS
1,130,459
1,175,135
FUNDS
Unrestricted funds
Restricted funds
16
408,657
721,802
389,769
785,366
TOTAL FUNDS
1,130,459
1,175,l35
These financial statements have beeli prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2023
and were signed on its bchalf by=
William Robinson - Truste¢
/]/- /
Stephen Wilson - Trustee
The notes form part of th¢s¢ financial statements
16

Belfast South Communi
Resource5
Statement of Cash Flows
for the Year Ended 31 March 2023
31.3.23
31.3.22
Notes
Cash flows from operating activities
Cash generated from operations
Tax paid
83,427
43
(62,253)
Net cash provided by/(used in) operating activities
83,470
(62,253)
Cash flows from investing activitie5
Interest received
218
40
Net cash provided by investing activities
218
40
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
83,688
(62,213)
256,018
318,231
Cash and cash equivalents at the end
of the reporting period
339,706
256,018
The notes form part of these financial statements
17

Belf25t South Communi
Resources
Notes to the Statement of Cash Flows
for the Year Ended 31 March 2023
RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
31.3.23
31.3.22
Net (expenditure)lincome for the reporting period (as per the
Statement of Fin2nci81 Activities)
Adjustments for:
Depreciation cliarges
Interest received
Decrease/(increase) in debtors
Increase in creditors
(44,676)
1,684
48,109
(218)
67,109
13,103
48,109
(40)
(115,591)
3,585
Net cash provided by/(used in) operations
83,427
(62,253)
ANALYSIS OF CHANGES IN NET FUNDS
At 114122
Cash flow
At 3113123
Nct cash
Cash at bank
256,018
83,688
339,706
256,018
83,688
339,706
Total
256,018
83,688
339,706
The notes form part of these financial statements
18

Belfast South Communi
Resources
Notes to the Financial Statements
for the Year Ended 31 March 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
(a) General information and basis of preparation
Belfast South Cominunity Resources is constituted as a company liinited by guarantee incorporated in
Northern Ireland (N1053950). In the event of the charity being would up, the liability in respect of the
guarantee is limited to £1 per Ineinber of the charity.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepar¢d in accordancc with Accounting and Reporting by Charittes.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102), the Financial
Reporting Standard applicable in tlie United Kiiigdom and Republic of Ireland (FRS 102), the
Charities Act (Northern Ireland) 2013, thc Companies Act 2006 and UK Generally Accepted Practice
as it applies from l January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling
which is the functional currency of the charity..
The significant accounting policies applied in the preparation of these financial statcmcnts arc set out
below. Thesc policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and which have not been dcsignatcd for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
adininistering such funds are cliarged against the specific fund. The aiin and use of each restricted
fund is set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
(c) Income recognition
All incoming resources are included in the Slatement of Financial Activities (SOFA) when th¢ charity
is legally entitled to the iiicoine after any performance conditions hav¢ been met, the amount can be
measured reliably and it is probable that the income will be received.
19
continued..

Belfast South Comnjuni
Resources
Notes to Ihe Financial Statements- continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then incoine is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the charity and it is probabl¢
that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is
included in full in tl)e Statement of Financial Activities (SofA) when receivable. Incoine received
froin collections is recognised when received.
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example the
amount the charity would be willing to pay in the open market for such facilities and services. A
corresponding ainount is re¢ogniscd in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacies, entitlement is the earlier of tlie charity being notified of an impending distribution or the
legacy being received. At this point income is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be dislributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Incoine froin trading activitics includes income earned froin fundraising events and trading activities
to raise funds for the charity. Income is received in exchange for supplying goods and services in
order to raise funds and is r¢cognis¢d when entitleinent has occurred.
The charity receives government grants which are detailed within tli¢ notes to these financial
stateinents. Income froin government and other grants arc recognised at fair value when tli¢ charily
lias entitlement after any performance coiiditions have been In¢t, it is probabl¢ that the incoine will be
received and the amount can be measured reliably. If entitlement is not met then these amounts are
deferred.
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis, inclusive of VAT whicli cannot b¢ recovered
and has been classified under headings that aggregate all costs related to the category. Exp¢nditure is
recognis¢d where there is a legal or constructive obligation to make payments to third parties, it is
probable that the settlement will be required and the amount of the obligation can be measured
reliably. It is categorised under the following headings..
Costs of raising funds includes the costs associated with attracting voluntary incomes;
Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its
activities and services for its b¢n¢ficiarics. It includes both costs that can be al located directly to such
activitics and thos¢ costs of an indircct natur¢ necessary to support them- and
Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arosc.
20
continu¢d...

Belfast South Communi
Resources
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Grants payable to third partics are within the charitable objectives. Where unconditional grants are
offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a
reasonable expectation that the recipient will receive the grants. Where grants are conditional relating
to performance then the grant is only accrued when any unfulfilled conditions are outside of the
control of the charity.
(c) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, adininistrative payroll costs. They are incurred
direclly in support of expenditure on the objects of the cliarity and include project management
carried out at Headquarters. Where support costs cannot be directly attributed to particular headings
they have been allocated to cost of raisiiig funds and expenditure on charitable activities on a basis
consisteiit with use of the resources. Premises overheads have been allocated on an insert detail basis
and other overlieads liave been allocated on a basis consistent with the use of resources.
Fund-raisiiig costs are those iiicurred in seeking voluiitary contributions and do not include the costs
of disseminating inforination in support of th¢ charitable activities.
(D Tangible fixed assets
Tangible fixed assets are statcd at cost less accumulatcd depreciation and accumulatcd iinpairineiit
losses. Cost includes costs directly attributable to making the asset capable of operatiiig as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful lif¢ as follows:
Buildings
Fixtures & Fittings
4% Straight Line
l 0% Straight Linc
(g) Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to th¢
contractual provision of the instrument.
Basic financial instruments are initially recognised at th¢ amounts receivable or payable including any
related transaction costs.
Curr¢nt assets and current liabilities are subsequently ineasured at the cash or other consideration
¢xp¢cted to b¢ paid or relived and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, thc investment is subsequently measured at fair value with changes in fair value recognised
in income and cxpenditure. All other such investinents are subsequently measured at cost less
impairment.
21
continued...

Belfast South Communi
Resources
Iyotes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an assct is deferred beyond normal business terms or financed at a rate of interest that is
not a market rate, in which case the asset is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value with any changes recogniscd in
the statement of financial activities, with the exceptioii of hedging instruments in a designed hedging
relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objectiv¢ evidence of
impainnent at the end of each reporting date. if there is objective cvidencc of iinpairment an
impainnent loss is rccogiiised uiider tlie appropriate heading in thc statement of finaiicial activities in
which the initial gain is recognised.
For all equity instruments regardless of significance, and other financial assets that are individually
sigiiificant, these are assessed individually for impairmcnt. Other financial assets are either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impainnent are recogniscd immediately, to the extent that the reversal does not result
in a carrylng amount of the financial asset that exceeds what the carrying amount would have been
had the iinpairment not previously been recognised.
(h) Impairment
Assets not Ineasured at fair value are rcviewcd for any indication that the assct may be impaired at
each balance sheet date. If such indication exists, tli¢ recoverable amount of the asset, or the asset's
cash generating unit, is estimated and comparcd to the carrying ainount. Where the carrying ainount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried at a revalued amount where the impairment loss is a revaluation decrease.
(i) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a
past event, it is probabl¢ that an outflow of economic benefits will be required in scttlcment and the
amount can be reliably estiinated.
(i) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term
and the expected us¢ful life of the asset. Minimum lease payinents are apportioned between the
finance charge and the reduction of the outstanding lease liability using th¢ effective interest method.
The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivablc under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
(k) Tax
No provision is required for taxation as th¢ company is defined as a charity for taxation purposes.
22
continued...

Belfast South Communi
Resources
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES- continued
Basis of preparing the financial Statements
The charity is a registered charity and so such is entitled to certain tax exeinptions on income and
profits from investments and surpluses on any trading activities carried on in furtherance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
(l) Going concern
The finaiicial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected
level of income and expenditur¢ for 12 Inontlis from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
(m) Judgements estimates
The following judgements including those involving estimates that have been made in the process of
applying the above accounting policies that have had the most significant effect on the amounts
recognised in the financial statements aiid tl)at have a sigiiificant risk of causing a material adjustineiit
to the carrying amounts of assets and liabilities within the next financial year..
(i) depreciation method and asset useful lives
The estimates and assumptions are r¢viewed on an ongoing basis considering the current and future
market conditions.
Taxation
The charity is a registered charity and so such is entitled to certain tax exemptions on income and
profits from investments and surpluses on any trading activities carried on in furtherance of tlic
charity's priinary objectives, if these profits and surpluses are applied solely for charitablc purposes.
Fund accounting
Th¢ coinpany has various types of funds for which it is responsible and which require separate
disclosure. A definition of the various types of funds is as follows..
Restricted funds
Funds received which are eannarked by the donor for specific purposes. Such purposes are within the
overall aims of the company.
Unrestricted funds
Funds which are expendabl¢ at the discretion of the directors which have been designated for specific
purposes in furtherance of the objects of the charity
23
continued.-.

Belfast South Communi
Resources
Notes to the Financial Statements - continued
for the Year Ended 31 Mareh 2023
DONATIONS AND LEGACIES
31.3.23
31.3.22
Donations
220
3,173
OTHER TRADING ACTIVITIES
31.3.23
31.3.22
Room Hire
Test Centre Fee income
HMRC- CJRS
5,940
30,839
1,531
39,995
5,660
36,779
47,186
INVESTMENT INCOME
31.3.23
31.3.22
Rents received
Deposit account interest
32,239
218
33,308
40
32,457
33,348
INCOME FROM CHARITABLE ACTIVITIES
31.3.23
Grants
Receivable
31.3.22
Total
activities
Grants
501,944
556,079
Grants received, included in the above, are as follows:
31.3.23
31.3.22
Department for Communities - DFC
CFNI
Big Lottery Fund
CRC
Children in Need
Public Health Agency
Belfast City Council/NIHE - Good Relations small grants
Coment
Belfast City Council - Revenue Grant
Belfast City Council - Summer Scheme
Urban Villages
Belfast City Council - Diversionary Project
159,823
5,062
198.870
9.800
2,044
31,674
5,456
5,628
12,075
18,000
4,832
189,929
2,964
1,971
10,478
4,820
6.883
13,889
18,000
160,748
4,338
Carried fonvard
386,012
481,272
24
continued..-

Belfast South Communi
Resources
Notes to the Financial Statements - continued
for the Year Ended 31 Mareh 2023
INCOME FROM CHARITABLE ACTIVITIES- continued
31.3.23
31.3.22
Brought forward
Transitions
West Belfast Partnership Board - GCSE
Belfast City Council - Covid Grant
Radius Housing
Belfast City Council - Voucher Scheme
Co Operation Ireland Covid Grant
South City
386,012
84,223
7,000
481,272
53,860
7,859
1,800
2,133
21,150
9,364
1,924
1,426
501,944
556,079
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
Support
costs (see
note 8)
Totals
Direct Charitable Expenditure
Governance
611,357
611,357
4,719
4,719
611,357
4,719
616,076
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.23
31.3.22
Staff costs
Rent & rates
Insurance
Light and heat
Teleplioiie
Printing. postage & stationery
Tutor Costs
Office Sundries
Trav¢lling & Meeting expenses
Sundry Donations
Repairs & maintenance
Exam Fees
IT Costs
Programme Support & Materials
Cleaning
Aftcr School Teacher
Staff Training
Hardship Fund Vouch¢rs
Project Cost - Miscellaneous
320,623
4,087
3,256
11,145
3,663
1,758
16,135
403
300
405
11,898
7,157
2,535
1,900
1,264
1,768
720
21,050
148.753
302,345
1,013
3,090
7,852
2,959
8,195
76
4,054
10,041
63,785
1,100
180,039
Carried forward
558,820
584,555
25
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2023
DIRECT COSTS OF CHARITABLE ACTIVITIES- continued
31.3.23
31.3.22
Brought fonvard
Refunded to DFC Funder
Depreciation
558,820
4,428
48,109
584,555
977
48,109
611,357
633,641
SUPPORT COSTS
Governance
costs
Governance
4,719
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crcditing):
31.3.23
31.3.22
Audit Fees
Depreciation owned assets
1,000
48,109
720
48,109
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the
year ended 31 March 2022.
Trustees, expenses
There were no trustees, expenses paid for the ycar ended 31 Marcli 2023 nor for the year ended
31 March 2022.
11. STAFF COSTS
31.3.23
31.3.22
Wages and salaries
Social security Costs
Other pension costs
298,886
19,621
2,116
282.208
18,192
1,945
320,623
302,345
The average monthly number of employees during the year was as follows:
31.3.23
14
31.3.22
14
Management and Administration
26
continued...

Belfast South Communi
Resources
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
11. STAFF COSTS - continued
No employees received cmoluments in excess of £60,000.
The key management personnel of the charity comprise of the Chief Executive and Senior
management team. The salaries paid to key manageinent personnel being the Chief Executive,
Programme Manager and Operations Manager, during ihe year totall¢d £107,384. (2022: £99,811).
12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Land and
buildings
Totals
COST
At l April 2022 and 31 March 2023
915,685
114,818
1,030,503
DEPRECIATION
At l April 2022
Charge for year
205,076
36,627
55,618
11,482
260,694
48,109
At 31 March 2023
241,703
67,100
308,803
NET BOOK VALUE
At 31 March 2023
673,982
47,718
721,700
At 31 March 2022
710,609
59,200
769,809
On 25 November 2016, Belfast South Community Resources entered into a Debenture with Tlie
Executive Office in relation to the property at 127-145 Sandy Row. The nature of the charge is as
security for the obligations of the coinpaiiy to repay the financial assistance it received from The
Social Investment Fund (SIF).
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23
31.3.22
GCSE
Urban Villages
DSD - Running Costs
Transitions
Prepayments
7,000
77,378
235
7,000
163
119,033
39,852
91,776
158,885
27
continued.

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2023
14. CREDITORS: AMOUNTS FALLING DUE WITHIN OINE YEAR
31.3.23
31.3.22
Vat Account
Accruals and deferred income
2,110
20,613
2,067
7,510
22,723
9,577
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.23
Total
funds
31.3.22
Total
funds
Unrestricted Restricted
funds
funds
Fixed assets
Current assets
Current liabilities
721,700
721,700
431,482
(22,723)
769,809
414,903
(9,577)
430,367
(21,710)
(1,013)
408,657
721,802
1,130,459
1,175,135
16. MOVEMENT IN FUINDS
Net
movemeiit
in funds
At
3113123
At 114122
Unrestricted funds
Gcneral fund
389,769
18,888
408,657
Restricted funds
Department for Communities - DFC
Big Lottery - Awards for All (Capital)
CRC
SIF -CAPITAL
Bclfast City Council - Revenuc Grant
Radius Housing
Department for Communities - Capital
14,500
6,212
1,057
713,254
(14,500)
(1,035)
(1.057)
(37,005)
37
65
(10,069)
5,177
676,249
37
65
40,274
50,343
785,366
(63,564)
721,802
TOTAL FUNDS
1,175,135
(44,676)
1,130,459
28
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2023
16. MOVEMENT IN FUNDS - continued
Net movement in fuiids, included in the above are as follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Geiieral fund
70,882
(51,994)
18,888
Restricted funds
Department for Communities - DFC
Children in Need
CFNI
Big Lottery - Awards for All (Capital)
CRC
Public Health Agency
Belfast City CounciltNIHE- Good
Relations small grants
SIF -CAPITAL
Coment
Belfast City Council - Revenue Grant
Urban Villages
Belfast Cily Council - Diversionary
Project
Traiisitioiis
West Belfast Partnership Board -
159,823
10,478
5,062
(174.323)
(10,478)
(5,062)
(1,035)
(3,028)
(4,820)
(14,500)
(1,035)
(1,057)
1,971
4,820
6,883
(6,883)
(37,005)
(13,889)
(17,963)
(160,748)
(37,005)
13,889
18,000
160,748
37
4,338
84,223
(4,338)
(84,223)
7,000
2,133
(7,000)
(2,068)
(10,069)
Radius Housing
Department for Communities - Capital
Belfast Clty Council - Voucher
Scheme
65
(10,069)
21,150
(21,150)
500,518
(564,082)
(63,564)
TOTAL FUIYDS
571,400
(616,076)
(44,676)
29
continued...

Belfast South Communi
Resources
Notes to the Financial Statements - Continued
for the Year Ended 31 March 2023
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
3113122
At 114121
Unrestricted funds
General fund
320,138
69,631
389,769
Restricted funds
Department for Commuiiities - DFC
Big Lottery - Awards for All (Capital)
CRC
SIF-CAPITAL
Department for Coinmunities - Capital
35,395
7,247
(20,895)
(1,035)
1,057
(37,005)
(10,069)
14,500
6,212
1,057
7l3,254
50,343
750,259
60,412
853,313
(67,947)
785,366
TOTAL FUNDS
1,173,451
1,684
1,175,135
30
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2023
16. MOVEMENT IN FUNDS - eontinlled
Comparative net movement in funds, included in the above are as follows:
Incoining
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
83,707
(14,076)
69,631
Restricted funds
Department for Communities - DFC
Children in Need
Big Lottery - Awards for All (Capital)
Big Lottery Fund
CRC
Public Health Agency
Belfast City Council/NIHE - Good
Relations small grants
SIF -CAPITAL
Comcnt
Belfast City Council - Revenue Grant
Belfast City Council - Summer Scheme
Urban Villages
Belfast City Council - Diversionary
Project
Transitions
West Belfast Partnership Board -
GCSE
Belfast City Council - Covid Grant
Department for Communities - Capital
Belfast City Council - Voucher
Scheme
Co Operation Ireland - Covid Grant
198,870
31,674
(219,765)
(31,674)
(1,035)
(9,800)
(987)
(5,456)
(20,895)
(1,035)
9,800
2,044
5,456
1,057
5,628
(5,628)
(37,005)
(12,075)
(18,000)
(4,832)
(189,929)
(37,005)
12,075
18,000
4,832
189,929
2,964
53,860
(2,964)
(53,860)
7,859
1,800
(7,859)
(1,800)
(10,069)
(10,069)
9,364
1,924
(9,364)
(1,924)
556,079
(624,026)
(67,947)
TOTAL FUNDS
639,786
(638,102)
I,684
31
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 Mareh 2023
17. CONTINGENT LIABILITIES
A contingent liability exists to repay grants rcceived should certain conditions not be fulfilled by the
charity.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
19. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other businesses of our size and nature we use our auditors to prepare and
submit returns to the tax authorities and assist with the preparation of the financial statements.
20. POST BALANCE SHEET EVENTS
There were no Events after the reporting period therefore no material issues need disclosed.
21. WINDING UP
Every member of the Company undertakcs to contribute to the assets of the Company, in the event of
the saine being wouiid up while it is a member, or within onc ycar after it ceases to bc a In¢inber, for
payment of tlic debts and liabilities of the Company contracted beforc it ceases to bc a incmber, and of
the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's
among themselves, such amount as may be required not exceeding one pound.
22. SHARE CAPITAL
The Company is Limited by Guaranlee and has no Share Capital
23. COVID-19
The trustees continue to monitor the impact of Covid 19. The trustees believe there is no adjusting
events to report after the reportiiig date. Tlie trustees will continue to monitor the situation closely to
secure the viability of the organisation.
32

Belfast South Communi
Resources
Detailed Statcment of Financial Activities
for the Year Ended 31 Mareh 2023
31.3.23
31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations
220
3,173
Other trading activities
Room Hire
Test Centre Fee income
HMRC- CJRS
5,940
30,839
1,531
39,995
5,660
36,779
47,186
Investment income
Rents received
Deposit account interest
32,239
218
33,308
40
32,457
33,348
Charitable activities
Grants
501,944
556,079
Total incoming resources
571,400
639,786
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rent & rates
Insurance
Light and heat
Telephone
Printing, postage & stationery
Tutor Costs
Office Sundrics
Travelling & Meeting expenses
Sundry Donations
Repairs & maintenance
Exam Fees
IT Costs
Programme Support & Materials
Carried forward
298,886
19,621
2,116
4,087
3,256
11,145
3,663
1,758
16,135
403
300
405
11.898
7,157
2,535
1,900
385,265
282,208
18,192
1,945
1,013
3,090
7,852
2,959
8,195
76
4,054
10,041
63,785
403,416
This page does not form part of the statutory financial statements
33

Belfast South Communi
Resources
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23
31.3.22
Charitsble activities
Brought forward
Cleaning
After School Teacher
Staff Training
Hardship Fund Voucher5
Project Cost - Miscellaneous
Refunded to DFC Funder
Depn of Land & Buildings
Depn of Fixtures & Fittings
385,265
1,264
1,768
720
21,050
148,753
4,428
36,627
11,482
403,416
1,100
180,039
977
36,627
11,482
611,357
633,641
Support costs
Governance costs
Audit Fees
Bank Fees
Accountancy fees
1,000
555
3,164
720
498
3,243
4,719
4,461
Total resources expended
616,076
638,102
Net (expcnditure)lincome
(44,676)
1,684
This page does not form part of the statutory financial stateinents
34