REGISTERED COMPANY NUMBER: N1053950 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101838
or
f the Trustees and
Fin
ial Statements for
Year Ended 31
arch 2025
for
Belfast South Communi
Resources
Acom
an
Limited b Guarantee
Lynn. Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Annagh
BT67 OLE

Belfast South Communi
Resources
Contents of the Financial Stat
ments
for the Year Ended 31 March 2025
Page
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
12 to 13
Statement of Financial Activitie5
14
Statement of Financial Position
15 to 16
Notes to the Financial Statements
17 to 30
Detailed Statement of Financial Activities
31 to 32

Belfast South Communi
Resources
Reference and Administrative Detsils
for the Year Ended 31 March 2025
TRUSTEES
William Robinson
Desmond Graham
Malcolm Lavery
Stephen Wilson
Danielle Burrows
Kim Cooper
Myrtle Stewart
REGISTERED OFFICE
127-145 Sandy Row
Belfast
Co. Antrim
BT12 SET
REGISTERED COMPANY
NUMBER
N1053950 (Northern Ireland)
REGISTERED CHARITY
NUMBER
101838
INDEPENDENT EXAMINER Lynn, Drake & Co Ltd
Chartered A¢counLints
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 Street
Belfast
BT2 7BU
Santander
2-6 Bradbury Place
Belf&st
Bf7 IRX

Belfast South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2025. 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).
OWECTIVES AND ACTIVITIES
Strategy Objectives
The objects of the company shall be to promote the benefit of the inhabitants of South Belfast.
Strategy Objective
Develop working 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 through anti-social behaviour, substance misuse & criminal
activity. Build the confidence and capacity of parents and children to develop healthy and happy
relationships with each other and others in their lives.
Utilise the Cominunity Safety project, including its volunteers to increase individual and community Safety
and confidenc¢ 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 operational
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 entsrprises and entrepr¢neurial skills to enhance
sustainability.
Contribute to community environmental action that enhances the arca Reduce isolation of individuals and
the area

Belfast South Communi
ources
ort of the Trustees
for the Year Ended 31 March 2025
Strategy Objeetive
Create, maintain and develop opportunities that support and deliver social, economic, environmental and
cultural d¢vclopment activities.
Maintain a shared space and inforniation 'hub' where individuals and groups can be signposted to the
services they need.
Deliver projects and activities that build intra and cross community relations in an integrated way that
contributes to joint working and a shared future.
Develop opportunities to acknowledge the legacy of the conflict and its impact upon the lives of individuals
and communities, particularly in Sandy Row.
Facilitate leaming and other opportunities to promote Sandy Row's cultural identity and contribute to social
and econoinic sustainability.

Belfast South Communi
Resources
Re ort of the Tru5tee5
for the Year Ended 31 March 2025
ORJECTIVES AND ACTIVITIES
Significant activities
2024-2025 Key Highlights
100 families supported ihrough food voucher schemes.
144 tutoring sessions delivered through our Study Support Club.
88 GCSE students achieved Grade C or higher.
700 children and 300 parents supported through educational transition programmes.
500+ participants engaged annually in our Digital Hub's STEM programmes.
Arts and Digital Hub construction underway, with completion due in June 2025.
424 individuals engaged in community bonding projects-870/0 reported a more inclusive environment.
Programme Highlights
Education & Youth Support
Moving Up I STEP Transitions Programme
Led by Aimee Miller and Jamie-Lee, our early intervention programm¢ supports children and families
through key educational transitions:
Big Step (ages 3-5) - Helps children move from nursery to primary school.
7Up (age l O- I l ) - Prepares children for the move from prirnary to post-primary school.
Impact in 2024:
700 children and 300 parents supported across I I schools.
86 /0 of children reported reduced anxiety.
Parents gained tools to better support their children'5 emotional wellbeing.
Stepup Mentoring Programme
Supporting young people aged 16-24 not in education or employment (NEET), Stepup provided one-to-one
rnentoring focused on confidence buildin& career planning, and life skills.
5 young peoplc m¢ntored in 2024.
New, expanded programme launching in 2025 with National Lottery funding.
Study Support Club & GCSE Programme
Tutoring sessions delivered to 159 students in collaboration with Queen's University Belfast.
144 students supported with GCSE English and Maths preparation.

Belfasl South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2025
ORJECTIVES AND ACTIVITIES
88 students achieved Grade C or higher.
Easter School and after-school sessions provided additional support.
Programme delivered city-wide with partners including Eastside Partnership and West Belf&st Partnership
Board.
Homework Club
Historic initiative now delivered in a scaled-back forn] due to funding cuts.
Still provides critical after-school academic support through BSCR staff.
Digitsl Innovation
BSCR Digital Hub
Delivered innovative STEM and digital education to participants from 14 schools.
Programmes included "Give it a Go,,
"STEM 4 Wee Uns, and "Eco-Engineers."
Over 500 participants annually.
New funding from the National Lottery secured in December 2024.
Recognised by Urban Villages and shortlisted for Belfast Telegraph ICT Awards.
Digital Infrastructure Development
Construction undenvay on the Arts and Digital Hub at 149-151 Sandy Row.
Exam and Learning Centre will serve as a sustainable social enterprise.
Cultural café and affordable housing included in development.
Community Safety and Inclusion
3041 people received crime prev¢ntion inforniation.
449 young people participated in diversionary youth programmes.
262 engaged in community safety projects.
12 victims of crirne receivcd direct support.
Initiatives coordinated by Carla Dickson and Darren, with new young men's advisory group established.
Economic and Physical Regeneration
Social Enterprise and Sustainability

Belfast South Communi
Resources
ort of the Trustees
for the Year Ended 31 March 2025
ORJECTIVES AND ACTIVITIES
Online Exam Centre continues to generate income, delivering professional tests for 5 international
certification bodies.
Social enterprise model part of BSCR'S long-tern] financial strategy.
Goal.. Reduce dependency on grant funding and sustain core programmes.
Key Projects
Arts & Digital Hub: On track for June 2025 completion. includes artist-in-residence and digitsl learning
centre.
Cultural Café at former Enas site: Planning and tendering complete. contractor appointed.
Crcative Space: Enhanced with security Systems and anti-pollution planting.
BMX Track, Memorial Garden, Public Art.. Collaborations underway with BCC, Translink. and Flax Arts
Collective.

Belfast South Communi
Resources
rt of the Trustees
for the Year Ended 31 March 2025
ORJECTIVES AND ACTIVITIES
Public Benefit Summary
Economic Renewal
13 local jobs sustained.
16 people helped into employment.
64 peopl¢ attained qualifications.
32 individuals received careers advice.
35 parents engaged in 9 parenting projects.
Education and Youth
1059 children and 135 parents participated in educationallwellbeing projects.
100 parents supported in specialist maths programmes,
144 students received GCSE tutoring.
Community Confidence
424 people involved in community bonding projects.
Increased inclusivity reported by 870/0 of participants.
Public Benefit
The public benefjts that flow from the purposes of advancing education, employment and training?
relieving poverty, improving social welfare and addressing economic and physical dereliction are:
(a) enhanced educational attainment, transferable skills, capabilities and capacities and improved potential to
secure employment.
(b) in¢re&8ed self-awareness, confidence and resilience and the development of social and cornmunication
skills and abilities and an enhanced sense of purpose and fulfilment
(c) reduction in unemployment. hardship and poverty, leading to a better quality of life for the beneficiaries
and consequent improvements in their health and well-being.
(d) enhanced knowledge about setting up social enterprises, r¢sulting in increased levels of employment and
better prospects of sustainable development.
(e) improved environmental conditions, leading to a reduction in stress and anxiety and
in people's well-being.
improvements
The public benefits that flow from the purpose of preserving and protecting health are:.

Belfast South Communi
Resources
rt of the Trustees
for the Year Ended 31 March 2025
ORIECTIVES AND ACTIVITIES
(a) improved mental, physical and emotional well-being, leading to reduced hardship, stress and anxiety.
(b) improved self-care and self-help strategies.
(c) increased skills, knowledge and capacity to make healthier lifestyle choices.
(d) positive behavioural change among young people:
(e) greater access to advice and inforniation relating to health issues.
The public benefits that floiv from the purpose of providing and assisting in the provision of facilities
in the interests of community development are
(a) increased opportunities to engage in new activities that bring people together, leading to greater social
cohesion, improvements in health and fitness, well-being and fulfilment.
(b) enhanced activity, engagement and participation in social activities by the beneficiaries, leading to
irnprovement in their well-being, quality of life and greater social cohesion.
(c) enhanced accessibility to free or affordable facilities and amenities.
The public benefits that flow from the purpose of promoting all or any objects for the benefit of the
inhabitants are:.
(a) incre&sed efficiency and effectiveness of the community and voluntsry organisations that
(b) raised awareness and understanding of, and empathy with, people from ethnic minorities or other
religions, cultures and beliefs, leading to grcatcr social cohesion, reduction in tension and conflict.
(c) reduction in crime and anti-social behaviour and greater feelings of safety within the community.
The beneficiaries are the general public - Th¢se benefits can be evidenced through.. monitoring records kept
by BSCR and other agencies of the numbers of those who have successfully completed training courses.
independent evaluations of the activities and impact of BSCR and of other local community and voluntary
organisations. the findings of community surveys; and feedback from the beneficiarics. No hann or private
benefit arises frorn these purposes.
The trustees are fully aware of the guidelines from the Charity Commission for Northern Ireland to comply
with the Charities Act(Nl) 2008, and believe they are operating entirely within those guidelines.

Belfast South Communi
Resources
)ort of the Trustees
for the Year Ended 31 March 2025
FINANCIAL REVIEW
The company had net outgoing resources for the year of £17,578 (2024: net incoming resources of £980),
which reflected the completion of a number of projects carried out during the year. Unrestricted funds
increased £30,531 whilst Restricted funds d¢¢re&sed by £48,109.
The year 2024 has been another challenging yet transforniative period for Sandy Row, as we Continue to
grapple with the enduring effects of economic hardship, rising costs of living, and an evolving job market
that presents new challenges for our young people. The pressure on families, particularly those in
lower-income brackets, remains high, with job losses, reduced wages, and limited access lo affordable
housing compounding the strain on everyday life. The cost of living crisis persists, but so too does the spirit
of resilience that defines our community.
At BSCR, our commitment to the people of Sandy Row is unwavering. In response to these challenges. we
have worked relentlessly to provide both immediate relief and long-term solutions. From supporting over
100 families through food vouchers and social superniarket schemes to expanding our educational programs
aimed at helping young people navigate an increasingly complex world, we have ensured that no one is left
behind.
This year, we have made significant strides in our mission to foster community growth and developrnent.
Our projects have spanned across education, economic and physical regeneration, employment and training,
and improving community Confidence and safety. We have been privileged to work alongside a diverse
network of local leaders, businesses, statutory bodies, and public agencies to create a lasting, positive
impact. Together, we are working to create sustainable change that empowers individuals, uplifts families,
and strengthens the very fabric of our community.
Our progress is reflected not only in the success of our programs but also in the ongoing development of key
initiatives like the Arts and Digital Hub at 149-151 Sandy Row, which will soon become a cornerstone for
cultural and technological innovation in the area. These projects, which represent our vision for the future,
are the result of tireless collaboration and are a testament to what we can achieve when we work together.
While our work is ongoing, we are proud of the tangible results we have seen over the past year. The
achievements outlined in this report are a reflection of the dedication, passion, and professionalism of our
staff, board members, partners, and funders. In particular, we are deeply grateful to our core funders, DFC,
and BCC, whose continued support enables us to deliver these critical programs and services. I would also
like to introduce you to our latest fund¢r the National Lottery (Empowering Young People) who have made a
substantial commitment to BSCR over the next 4 year5.
As we look to the year ahead. we are mindful of the challenge5 Still to come. But we are also filled with
optimism and confidence. knowing that we are part of a community that is strong, resilient, and united in its
determination to move forward. l invite you to read through this report, visit our website, and engage with us
to learn more about th¢ work we are doing and how you can get involved. Together, we can continue to make
Sandy Row a better. more vibrant place for all.
Reserves Policy
Th¢ charity's policy is to retain a level of free reserves, which matches the n¢¢ds of the organization. both at
the current time and in the foreseeable future. The reserves required should be sufficient to meet committed
grant expenditure and the running costs for a period equivalent to twelve months annual expenditure. The
charity will continue to monitor compliance with this policy on a regular basis and the Board will rcview the
appropriateness of this policy annually.

Belfast South Communi
Resources
rt of the Trustees
for the Year Ended 31 March 2025
LOOKING AHEAD
In 2025, we aim to:
Launch the Arts & Digital Hub's community programming.
Expand youth mentorship and education initiatives.
Strengthen partnerships and community responses to housing and regeneration.
Incre&se social ente￿rISe income to protect core services.
We remain driven by our vision for a confident, inclusive. and forward-thinking Sandy Row. Join us in
making it happen.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trusL and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment ond appointment of new trustees
The Charity follows an appraisal process to identify the skills required for the Trustee Board and to identify
any skills gap on the Board. Members of the Trustee Board receive a full induction programme on joining
the Trustee Board and thereafter receive ongoing training and briefing sessions.The board completes an
annual evaluation of its effectiveness. Actions arising from this process are integrated into the corporate
workplan. The Truste¢ Board uses open recruitment and strives to ensure that there is adequate local
representation on the Trustee Board.
The trustees delegate the day to day running of BSCR to that of Gamet Busby - Manager.
Staff and Governance
BSCR continues to be led by a dedicated, locally rooted team. Many staff have come through BSCR'S own
programmes-an embodim¢nt of our commitmenl to local capacity-building.
Key roles include:
Garnet Busby, General Manager (26+ years of service)
Nikki Johnston, Operations Manager (25+years of service)
Nicki Sproule, Education & Mentoring Lead
Jonny Simms, Digital lead
Aimee Mill¢r, Step lead
Jim Watt, IT lead
Jamie-Lee, Chloe. Carl4 Darren, Savannah and Dessie and others d¢liv¢ring programmes across youth,
digital, safety, and admin
10

Belfast South Communi
Resource5
orrt of the Trustees
for the Year Ended 31 March 2025
EVENTS SINCE THE END OFTHE YEAR
Infomiation relating to events since the end of the year is given in the notes to the financial statements.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Belfast South Community Resources 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
Ac¢ounting Practice) including Financial Reporting Stsndard 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incorning resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
those financial statements, the trustecs are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
prepare 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 charitable company and to enable them to ensure that the financial
Statements comply with the Companies Act 2006. They are also responsible for safeguarding the &ssets of
the charitsble company and hence for taking re&80nable steps for the prevention and detection of fraud and
other irregularities.
This report has been prepared in accordance with the special provisions of Part IS of the Companies Act
2006 relating to small companics,
Approved by order of the board of trustees on 12 May 2025 and signed on its behalf by:
Stephen Wilson - Trustee

Inde
endent Examiner's Re
ort to th Trustees of
Belfast South Communi
Resources
I report on the accounts of the company for the year ended 31 March 2025. which are set out on pages
fourteen to thirty.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the pU￿oseS of cornpany law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to,.
examine the accounts under Section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission for
Northern I￿ land under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of the independent exgminer's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination
was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accountiiig
records kept by the charity and a comparison of the accounts presented with those records. It also included
consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as
charity trustees concerning any such matters.
My role is to state whether any mat¢rial matters have come to my attention giving me Cause to believe:
That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companies
Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice
applicable to charities preparing their accounts in a￿ordanCe with the Financial Reporting Standard
applicable in the UK and Republic of Sreland
That there is further infonnation needed for a proper understanding of the accounts to be reached.
Independent examiner's Statement
Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examination because l am a member of the Institute of
Chartcrcd Accountants in Ireland which is one of the listed bodies.
I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and,
in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no
matters that requir¢ drawing to your attention.
12

Inde
endent Examiner's Re
ort to the Trustees of
Belfast South Communi
Resources
Alistair Wells
The Institute of Chartered Accountants in Ireland
Lynn, Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Amagh
BT67 OLE
12 May 2025
13

Belfast South Communi
Resources
Statement of Financial Activities
Incor
oratin
an Income and Ex
for the Year Ended 31 March 2025
endilure Account
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,445
2,445
Charitable activities
Grants Receivable
4,866
427,045
431,911
431,971
Other trading activities
Investment income
29,392
32,626
29,392
32,626
45,218
35,936
Total
69,329
427,045
496,374
513,125
EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure
Governance
31,258
4,882
477,804
509,062
4,890
507,081
5,064
Total
36,140
477,812
513,952
512,145
IYET INCOMEI(EXPEIYDITURE)
Transfers between funds
33,189
(2,658)
(50,767)
2.658
(17,578)
980
16
Net movement in funds
30.531
(48,109)
(17,578)
980
RECONCILIATION OF FUNDS
Total funds brought forward
457,848
673.591
,131,439
1,130,459
TOTAL FUNDS CARRIED FORWARD
488,379
625.482
1,113,861
1,131,439
The notes fonn part of these financial statements
14

Belfast South Communi
Resources
Statement of Financial Position
l March 2025
31.3.25
31.3.24
Notes
FIXED ASSETS
Tangible assets
12
638,229
686.892
CURREIYT ASSETS
Debtors
Cash at bank
13
36,620
446,742
54,570
400,800
483.362
455,370
CREDITORS
Amounts falling due within one year
14
(7,730)
(10,823)
NET CURRENT ASSETS
475,632
444,547
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,113,861
1.131,439
NET ASSETS
1,113,861
1,131,439
FUNDS
Unrestricted funds
Restricted funds
16
488,379
625,482
457,848
673,591
TOTAL FUNDS
1,113,861
1,131,439
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that ¢ornply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise cornply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes form part of these financial statements
15
continued...

Belfast South Communi
Resources
Statement of Financial Position- continued
31 March 2025
These financial statements have been 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 12 May 2025
and were signed on its behalf by..
William Robinson- Trustee
Stephen Wilson - Trustee
The notes form part of th￿¢ financial statements
16

Belfast South Communi
Resources
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
(a} General information and basis of preparation
Belfast South Community Resources is constituted as a company limited by guarantee incorporated in
Northem Ireland (N1053950). In the event of the charity being would up, the liability in respect of the
guarantee is limited to £1 per member of the charity.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with 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 Republi¢ of Ireland (FRS 102), the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice
&8 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 statements are set out
below. These 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 designated for other purposes.
Designated funds comprise unrestrictcd funds that have been set &side by the trustees for particular
purposes. The aim and us¢ 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 rai5cd by the charity for particular purposes. The cost of raising and
administering such ￿ndS are charged against the specific fund. The aim 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 Stat¢ment of Financial Activities (SOFA) when the charity
Is legally entitled to the income after any performance condition5 have been meL the arnount can be
measured reliably and it is probable that the income will be received.
17
continued...

Belfast South Communi
Resources
Note5 to the Financial Statements- Continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES- continued
Basi5 of preparing the finaneial 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
perforn)ance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those condition5 is within the control of the charity and il is probable
that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is
included in full in the Statement of Financial Activities (SOFA) when receivable. Income received
from 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 detem)ined on the basis of thc 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 amount is recognised 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 the charity being notified of an impending distribution or the
legacy being received. At this poinl incoinc is recogni5ed. On occasion Icgaci¢s will be notified to the
charity however it is not Possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from 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 recognised when entitlement has occurred.
The charity receives government grants which are detailed within the notes to these financial
statements. Income from government and other grants are recognised at fair value when the charity
has entitlement after any perfonnance condition5 have been met, it is probable that the income 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 which cannot be recovered
and h&$ been classified under headings that aggregate all costs related to the category. Expenditure is
recognised where ther¢ 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 th¢ obligation can be rneasured
reliably. It is categorised under the following headings..
Costs of raising funds includes the costs &8sociated 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 beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirecl nature 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 arose.
18
Continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 Mar¢h 2025
ACCOUNTIIYG POLICIES- continued
Basis of preparing the financial statements
Grants payable to third parties are within the charttable 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 perforniance then the grant is only accrued when any unfulfilled condition5 are outside of the
control of the charity.
(e} 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, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity and include project management
carried out at Headquarters. Where support costs cannot be directly attributed to particular headings
they have been allocated to cosl of raising funds and expenditure on charitable activities on a basis
consistent with use of the resources. Premises overheads have been allocated on an insert detsil basis
and other overheads have been allocated on a b&sis consistent with the use of resourc¢s.
Fund-raising costs are those incurred in seeking volunlary contributions and do not include the costs
of disseminating infornlation in support of the charitable activities.
(D Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairn)ent
losses. Cost includes costs directly attributable to making the asset capable of operating as intended,
Depreciation is provided on all tangible fixed assets, dt rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Buildings
Fixtures & Fittings
40/0 Straight Line
I 00/0 Straight Line
(g) Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provision of th¢ instrument.
Basic financial instruments are initially recognised at the amounts receivable or payable including any
related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or relived and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly tradcd or their fair value can othenvise be measured
reliably. th¢ investment is subsequently measured at fair value with changes in fair value recogni5ed
in income and expenditure. All other such investments are subsequently me&sured at cost less
impainnent.
19
continued...

Belfast South Communi
Resources
Note5 to the Financial Statements- continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES- continued
Basis of preparing the financial statements
Other financial instruments, including derivatives, are initially recognised at fair value. unless
payment for an &%set is deferred beyond nomial business lerms 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 recogni5ed in
the statement of financial activities, with the exception of hedging instruments in a designed hedging
relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impaiment at the end of each reporting date. if there is objective evidence of impairment an
impaimient loss is recognised under the appropriate heading in the statement of financial activities in
which the initial gain is recognised.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these ar¢ &ssessed individually for impaim]ent. 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 extent that the reversal does not result
in a carrying amount of the financial &8set that exceeds what the carrying amount would have been
had the impairment not previously been recognised.
(h) Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the &8set, or the asset's
c&sh generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairrnent loss is recognised in profil or loss unle55 th¢ asset is
carried at a revalued amount where the impairment loss is a revaluation decr¢a5e.
(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 probable that an outflow of economic benefits will be requircd in settletnent and the
amount can be reliably estimated.
ti) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease terni
and the expected useful life of the asset. Minimum lease payments are apportioned between the
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The related obligations. net of future finance charges. are included in creditors.
Rentals payable and receivable under operating lease5 are charged to the SOFA on a straight line basis
over the period of the le&s¢.
(k) Tax
No provision is required for taxation as the company is defined as a charity for taxation purposes.
20
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES- continued
Basis of preparing the financial statements
The charity is a registered charity and so such is entitled to certain tax ex¢mptions 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 financial statements have been prepared on a going concem 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 expenditure for 12 months 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 havc 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 and that have a significant risk of causing a material adjustment
to the carying amounts of assets and liabilities within the next financial year.,
(i) depreciation method and asset useful lives
The estimates and assumptions are reviewed 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 the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
Fund accounting
The company 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 rec¢iv¢d which are earmarked by the donor for specific purposes. Such purposes are within the
overall aims of the company.
Unrestricted funds
Funds which are expendable at the discretion of the directors whicli have been designated for specific
purposes in furtherance of the objects of the charity
21
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
DONATIONS AND LEGACIES
31.3.25
31.3.24
Donations
2,445
OTHER TRADING ACTIVITIES
31.3.25
31.3.24
Room Hire
Test Centre Fee income
Facilitation
1.100
27,367
925
11,659
33,559
29,392
45.218
INVESTMENT INCOME
31.3.25
31.3.24
Rents received
Deposit account interest
29,357
3,269
34,629
1.307
32,626
35,936
INCOME FROM CHARITABLE ACTIVITIES
31.3.25
Grants
Receivable
31.3.24
Totsl
activities
Grants
431,911
431,971
Grants received, included in the above, are as follows..
31.3.25
31.3.24
Department for Communities - DFC
Cooperation Ireland
Children in Need
Public Health Agency
Belfast City CouncillNIHE - Good Relations small grants
Coment
Belfast City Council - Revenue Grant
Belfast City Council - Summer Scheme
Urban Villages
Belfast City Council - Diversionary Project
Transitions
West Belfast Partnership Board - GCSE
191,991
148,778
800
19.008
5,457
4,225
8,198
6.500
23.412
2,376
(2,658)
8,352
94,212
8,104
3,155
21,000
3.000
126.135
5,528
82,505
Carried fonvard
344,712
415,366
22
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
INCOME FROM CHARITABLE ACTIVITIES- continued
31.3.25
31.3.24
Brought fonvard
Belfast City Council - Voucher Scheme
South City
Ulster University
The ACT Initiative
Babcock Land Defence Ltd
Belfast City Council - Community Actlvlty Medium Grant
Belfast City Council - Grey to Green
Nl Trade Union
Education Authority
Open College Network Nl
Armed Forces Champion
Lottery Empowering Young People 3
344,712
12,625
415.366
5,705
3,500
2,500
900
4,000
1,546
10,406
705
2.380
1,500
56,922
431,911
431,971
CHARITABLE A￿IVITIEs COSTS
Direct
Costs (see
note 7)
Support
Costs (see
note 8)
Tota5s
Direct Charitable Expenditure
Governance
509,062
509.062
4,890
4,890
509,062
4,890
513,952
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.25
31.3.24
Staff costs
Rent & rates
Insurance
Light and heat
Telephone
Printing, postage & stationery
Tutor Costs
Office Sundries
Travelling & Meeting expenses
Repairs & maintenance
Exam Fees
IT Costs
Programme Support & Materials
Cleaning
321,803
1.996
3,537
8,821
4.045
1,515
4,489
1,613
154
6,814
5,855
21
1,250
1,235
302,460
6,696
3.455
7,297
4,221
3.044
4.168
60
88
5,618
5.422
451
353
1,200
CwTied fonvard
363,148
344,533
23
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
DIRECT COSTS OF CHARITABLE ACTIVITIES- continued
31.3.25
31.3.24
Brought forward
Staff Training
Hardship Fund Vouchers
Project Cost - Miscellaneous
Refunded to DFC Funder
Empowering Young People
Depreciation
363,148
834
2,948
93,306
99
344,533
540
113,345
48,663
48,663
509,062
507,081
SUPPORT COSTS
Governance
costs
Governance
4,890
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.25
31.3.24
Audit Fees
Depreciation - owned assets
I,ioo
48,663
48,663
10. TRUSTEES, REMUNERATION AI¥4D BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the
year ended 31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
24
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
11. STAFF COSTS
31.3.25
31.3.24
Wages and salaries
Social security costs
Other pension costs
299,819
19,769
2,215
282,807
17,502
2,151
321,803
302,460
The average monthly number of employees during the year was &8 follows:
31.3.25
13
31.3.24
14
Management and Administration
No employees received emoluments 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 management personnel being the Chief Executive,
Programme Manager and Operations Manager, during the year totalled £105,378. (2023: £107,384).
12. TANGIBLE FIXED ASSETS
Fixtures
and
ftttings
Land and
buildings
Totals
COST
At l April 2024 and 31 March 2025
929,540
114,818
1,044,358
DEPRECIATION
At l April 2024
Charge for year
278.884
37,181
78,582
11,482
357.466
48,663
At 31 March 2025
316,065
90.064
406,129
NET BOOKVALUE
At 31 March 2025
613,475
24,754
638,229
At 31 March 2024
650,656
36.236
686,892
On 25 November 2016, Belfast South Community R¢sources entered into a Debentwe with The
Executive Office in relation to the propety at 127-145 Sandy Row. The nature of the charge is as
security for the obligations of the company to repay the financial &ssistance it received from The
Social Investment Fund (SIF).
25
continued...

Belfast South Communi
Resources
Notes to the Financial Ststements- continued
for the Year Ended 31 March 2025
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Urban Villages
Transitions
Prepayments
46,570
8,000
32,959
3,661
36,620
54,570
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Vat Account
Accruals and deferred income
1,194
6,536
2,147
8,676
7,730
10.823
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
funds
funds
Fixed &8sets
Current assets
Current liabilities
12,747
482.504
(6,872)
625.482
858
(858)
638,229
483,362
(7,730)
686,892
455,370
(10,823)
488,379
625,482
1,113,861
,131,439
16. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
3113125
At 114124
Unrestricted funds
General fund
457,848
33,189
(2.658)
488,379
Restricted funds
Big Lottery - Awards for All (Capital)
SIF-CAPITAL
Urban Villages
Department for Communities - Capital
4.142
639,244
(1,035)
(37,005)
(2,658)
(10,069)
3,107
602.239
2,658
30,205
20,136
673,591
(50,767)
2.658
625.482
TOTAL FUNDS
1,131,439
(17,578)
1,113,861
26
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
16.
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resource5
expended
Movement
in funds
Unrestricted funds
General fund
69,329
(36,140)
33,189
Restricted funds
Department for Communities - DFC
Big Lottery- Awards for All (Capital)
Public Health Agency
Belfast City CouncillNIHE- Good
Relations small grants
SIF -CAPITAL
Coment
Belfast City Council - Revenue Grant
Belfast City Council - Summer Scheme
Urban Villages
Belfast City Council - Diversionary
Project
Transitions
West Belfast Partnership Board -
GCSE
Department for Communities - Capital
Belfast City Council - Voucher
Scheme
Belfast City Council - Grey to Green
Education Authority
Lottery Empowering Young People 3
191,991
(191,991)
(1,035)
(4,225)
(1,035)
4,225
8,198
(8,198)
(37,005)
(6,500)
(23,412)
(2,376)
(37,005)
6,500
23,412
2,376
(2.658)
(2.658)
8,352
94,212
(8,352)
(94.212)
8,104
(8,104)
(10,069)
(10.069)
12,625
10,406
2,380
56,922
(12,625)
(10,406)
(2,380)
(56,922)
427,045
(477,812)
(50,767)
TOTAL FUNDS
496,374
(513,952)
(17,578)
27
continued..

Belfast South Communi
Resour
es
Iyotes to the Financial Statements- continued
for the Year Ended 31 March 2025
16.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
3113124
At 114123
Unrestricted funds
General fund
408.657
49,191
457,848
Restricted funds
Big Lottery - Awards for All (Capital)
SIF -CAPITAL
Belfast City Council - Revenue Grant
Radius Housing
Department for Communities - Capital
5,177
676,249
37
65
40,274
(1,035)
(37,005)
(37)
(65)
(10,069)
4,142
639,244
30.205
721,802
(48,211)
673,591
TOTAL FUNDS
1,130,459
980
1,131,439
28
continued...

Belfast South Communi
Resources
Notes to the Financial Statements- Continued
for the Year Ended 31 March 2025
16.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
94,559
(45,368)
49,191
Restricted funds
Department for Communities - DFC
Children in Need
Big Lottery - Awards for All (Capital)
Public Health Agency
SIF-CAPITAL
Coment
Belfast City Council - Revenue Grant
Belfast City Council - Summer Scheme
Urban Villages
Belf&5t City Council - Diversionary
Project
Transitions
Radius Housing
Department for Communities - Capital
Belfast City Council - Community
Activity M¢dium Grant
148,778
19,008
(148,778)
(19,008)
(1,035)
(5,457)
(37,005)
(3,155)
(21,037)
(3.000)
(126,135)
(1,035)
5,457
(37,005)
3,155
21,000
3,000
126,135
(37)
5,528
82,505
(5,528)
(82,505)
(65)
(10.069)
{65)
(10,069)
4,000
(4,000)
418,566
(466,777)
(48.211)
TOTAL FUNDS
513.125
(512,145)
980
17. CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain conditions not be fulfilled by the
charity.
29
continued...

Belfast South Communi
Resources
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
19. POST BALANCE SHEET EVENTS
There were no Events after the reporting period therefore no material issues need disclosed.
20. WINDINC UP
Every member of the Company undertakes to contribute to the assets of the Company, in the event of
the same being wound up while it is a member, or within one year after it ceases to be a member, for
payment of the debts and liabilities of the Company contracted before it ceases to be a member, 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.
21. SHARE CAPITAL
The Company is Limited by Guarantee and has no Share Capital
30

Belfast South Communi
Resources
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25
31.3.24
INCOME AND ENDOWMENTS
Donations and legacies
Donations
2,445
Other trading activities
Room Hire
Test Centre Fee income
Facilitation
1,100
27.367
925
11,659
33,559
29,392
45,218
Investment income
Rents received
Deposit account interest
29,357
3,269
34,629
1.307
32,626
35,936
Charitable activities
Grants
431,911
431,971
Total incoming resources
496.374
513,125
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rent & rates
Insurance
Light and heat
Telephone
Printing, postage & stationery
Tutor Costs
Office Sundries
Travelling & Meeting expenses
Repairs & maintenance
Exam Fees
IT Costs
Programme Support & Materials
Cleaning
c￿Tled forward
299,819
19,769
2,215
1,996
3,537
8,821
4,045
1,515
4,489
1.613
154
6,814
5,855
21
1,250
1,235
363,148
282,807
17,502
2,151
6,696
3,455
7,297
4,221
3,044
4,168
60
88
5,618
5.422
451
353
1,200
344,533
This page does not forni part of the statutory financial statements
31

Belfost South Communi
Resources
Detailed Statement of Financial Aetivities
for the Year Ended 31 March 2025
31.3.25
31.3.24
Charitable activities
Brought fonvard
Staff Training
Hardship Fund Vouchers
Project Cost - Miscellaneous
Refunded to DFC Funder
Empowering Young People
Depn of Land & Buildings
Depn of Fixtures & Fittings
363,148
834
2,948
93,306
99
64
37,181
11.482
344,533
540
113,345
37.181
11,482
509,062
507,081
Support costs
Governance costs
Audit Fees
Bank Fees
Accountancy fees
1,100
504
3,460
510
4,380
4,890
5,064
Totsl resources expended
513,952
512,145
Net (expenditure)/in¢ome
(17,578)
980
This page does not fomi part of the statutory financial statements
32