REGISTERED COMPANY NUMBER: N1040485 (Northern Ireland)
REGISTERED CHARITY NUMBER: NIC 101850
Re
ort of the Trustees and
Unaudited FlnAnclal Statements for the Year Ended 31 March 2024
for
East Belfvdst Inde
endent Advice Centre
Acom
Limited b
uarantee
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
*ADGQSKOJ*
2711112024
COMPANIES HOUSE
A09
#179

East Belfast Inde
endent Advice Centre
Contents of the Financial Statements
for Ibe Year Ended 31 March 2024
Page
Reference and Admhnlstralive Detalls
Report of the Trustees
Independent Examiner's Report
9 to 10
Statement of Financlal Activities
Statement of Financial Position
12 to 13
Notes to the Flnancial Statements
14 to 25
Detailed Statement of Financlal Activities
26 to 27

East Belfast Inde
endent Advice Centre
Reference and Administrative Details
for the Year Ended 31 March 2024
TRUSTEES
Ann Martin
Irene Blanchard (resigned 91512023)
Amanda Maguire (resigned 311312024)
Bernadett¢ Mcconnell
Colin Robinson
Richard Williamson
Gerard Morgan
L Gatsi-Barnett (appointed 11412023)
COMPANY SECRETARY
Gerard Morgan
REGISTERED OFFICE
East Belfast Network Centre
55 Templemore Avenue
Belfast
Co. Antrim
BT5 4FP
REGISTERED COMPANY
NUMBER
N1040485 (Northern Ireland)
REGISTERED CHARITY
NUMBER
NIC 101850
INDEPENDENT EXAMINER Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
CHIEF EXEC OFFICER
Mr Gerard Morgan
BANKERS
Ulster Bank
Connswater Branch
Arches Retail Park
Belfast
BT5 4AF

East Belfast Inde
endent Advice Centre
ort of the Trustees
for the Year Ended 31 Mareh 2024
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 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recomrnended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and R¢public of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
East Belfast Independent Advice Centre targets people affected by poverty and disadvantage by providing
free, independent and confidential advice within the community in greater East Belfast. EBIAC believes in a
community development approach to advice, providing an advic¢ servic¢ which promotes community
participation, is community based and community led. EBIAC exists to ensure that the community in East
Belfast does not suffer from a lack of advicclinformation as to their rights and responsibilities.

East Belfast Inde
endent Advice Centre
ort ol the Trustees
for the Year Ended 31 March 2024
OBJECTJVES AND ACTIVITJES
Significant activities
The aims and objectives of EBIAC are as follows:
(l ) Maintain and develop an effective and high quality service.
(2) Ensure the servtce is accessible especially to the most vulnerable people in the area.
(3) Inform and influence policy and service developments in the context of Welfare Reform.
(4) Sustain and develop the organisation and its resources.
Activities During the YeAr
EBIAC is committed to promoting social justice and equality, our staff work to ensure that the community
has access to the information and resources they need to navigate the complex social security systems. Our
services are free of charge, to ensure that individuals from all backgrounds Can seek help and support.
EBIAC has played a crucial role in supporting vulnerable individuals and families struggling with financial
hardship. Our advisors work closely with clients. providing advice, form filling. advocacy. representalion,
and practical solutions to help them overcome obstacles to making informed decisions. We also continued to
increase the awareness of access to advice, accessing justice and information on welfare reform issues.
benefits. debt, housing issue and the social security system. Our services and access are already tailored to
those with significant physical access and health issues because of the nature of our work but we continue to
reach out to group5 Wlth information and awareness raising activities, when we have identified
underrepresented communities which rnight be facing barriers to a¢c¢ssing services. During 23-24 we have
organised workshops, training sesstons. and awareness raising information sessions to equip individuals
including those with mental health issues, their carers, support staff and family members. Through these
sessions we aim lo build upon the knowledge and skills necessary to navigate various systems effectively.
We have also provided information sessions on accessing pension credit with older groups. Thi5 year the
cost of energy and food inflation continued to effect household incomes. Those with mental health issues
and the elderly on fixed income pensions and pension credits are among those most vulnerable in our
community in these Circumstances. and are more likely to experience severe financial difficulties. struggle
with and maintaining stable warm homes. food poverty and maintaining their health and wellbeing.
During the year advtce was delivered through a number of projects including:
Mental Health and Wellbeing And Advocacy and Tribunal Services
The Mental Health and Wellbeing project continues to support individuals with mental health issues to
access their entitlements and send referrals to the Mental Health Advocacy and Tribunal project which
provides support with appeal applications and representation ai Social Security Tribunals. The continuing
pattern of Personal Independence Payment making up the majority of the appeals continues with increasing
number of refusals and appeals. The Project delivered Information s¢5sions with local community-based
organisations working in the fields of mental health support, health and well-being services and those
supporting Carers. We continue to refer vulnerable individuals, who previously did not engage with
community or other services, to support their on-going mental health needs including to couns¢11ing services.
volunteering opportunities, family support organisations and debt management advice.
Welfare Reform Support Project
The WRSP project continues to provide advice for people navigating the range of welfare reform and
mitigation schemes. It includes advice and support with benefit application processes, assistance with
sanctions, enhancing employability and financial Capability where approprlate and supporting people to
improve their digital capability.

East Belfast Inde
ndent Advice Centre
Re ort of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Community Advice Ydnd Training Project
During 2023-24 delivery of our Generalist Advice Services wa5 again underpinned by our Community
Advice and Training Project. Our volunteer advisers are recruited from the local community, and we
develop the skills and capacity of our volunteers to support the local community, deliver advice services,
improve their own employability and access opportunities in the local area. Our programme supports those
currently excluded from the workplace for a variety of reasons and encourages some of the most vulnerable
local people to become involved in volunteering, gain qualifications and gain employment for those seeking
to do so. Our volunteers have supported individuals to improve their financial position by conducting
benefits checks on all clients and assisting people to maximise their income by supporting people with
making applications for social security benefits including Universal Credit, Employmeni Support Allowance
and Personal Independence Payments. By conducting budgeting reviews with Clients, they hav¢ been able to
support individuals to address issues of debt directly or through referrals to local debt management services.
Feeding Britain
We have been funded by Feeding Britain through their Pathways from Poverty programme to work with
local food banks providing expert welfare rights advice sessions within existing food projects to help address
the wider issues that people may be facing.
Wiser 8nd Better O
During the year, the project has continued to ensure that pensioners in East Belfast have reduced levels of
poverty through promotion of pension credit and other benefit take-up, and better access to services though
Ihe provision of direct advice services on a face-to-face basis. We have publicised the project within the
local community and public sector to promote the project. These links have also enabled us to refer
pensioners to additional support services which they were unaware of, or unable to access independently
We have publicised the project throughout the community particularly in locations where w¢ might be able
to targel older people not currently engaged in additional support services, including GPS, Post Offices, local
shops and cafes. We have delivered awareness raising on pensions and penston credit entttlement to
organisations working with and supporting older people.

Easl Belfast Inde
endent Advice Centre
Re
ort of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Public benefit
Purposes (a) and (b)
The direct benefits which flow from this purpose include:
l. Cjaiming welfare benefjts for those who have a physical or mental disability.
2. Maxirnising the income of all clients who are in need.
3. Resolving debt related issues.
4. Reducing the levels of stress and anxiety of those in the area of benefit through the provision of advice.
5. Providing quality advice to those in need due to a low income, ill healih, disability or age.
6. Providing a signposting service to specialist organisations for those needing them.
7. Providing quality advice lo all those in the area of benefit who are impacted negatively by legislation.
These benefits will be evidenced by:
l. Amount of yearly benefit maximisation r¢cord¢d
2. Amount of debt dealt wilh.
3. The numbers of people from the area of benefit using our service.
4. Feedback from the people in the area of benefit.
Purpose (c)
The direct benefits which flow form this purpose include
l. Improved mental health and well being for those in the area of Ixnefit.
2, Reduced levels of stress and anxiety for those in the area of benefit. Purpose through the provision of
advice that allows them to resolve practical issues that are impacting negatively on their mental health.
3. Signposting to other specialist mental health services.
These benefits will be evidenced through
l. Numbers of clients accessing services
2. Direct referrals from Community Voluntary and Statutory health services.
3, Amount of benefit maximisation
4. Amount of debt dealt with.
5. Client and stakeholder feedback.
Purpose (d)
The direct benefits which flow from this purpose include,
Training of Volunteers from the area of benefit -Edu¢ation of people from the area of benefit as to their
rights in relation lo those areas of NJ -legislation which directly affects them. -People frotn the area of
benefit will not suffer through a lack of knowledge or an inability to express themselves.
These benefits will be ¢videnc¢d through:
I, the number of volunteers trained each year
2. feedback from clients who use our services These purposes do not give rise to any hami. The beneficiaries
of these purposes are those people residing in the Greater Belfast and Castlereagh Area.
A private benefit to Trustees may arise as a result of ongoing training in Good Governance, Finance, HR.
Through this training Trustees gain skills and experience which are transferable to other settings. These
benefits are incidental and necessary to ensure the benefit is provided to our beneficiaries.
A private benefit to individual volunteers may arise as a result of their basie training. Volunteers gain skil Is
and experience which are transferable to other settings. These benefits are incidental and necessary to ensure
the benefit is provided to our beneficiaries.

East Belfast Inde
endent Advice Centre
Re
ort of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
The trustees has complied with the duty to have regard to the guidance issued by the Charity Commission for
Northern Ireland under section 4(b) of the Charities Act.
FINANCIAL REVIEW
Financial position
The company had net outgoing resources for the year of £1,485 (2023: net outgoing resources of £24,658),
which reflected the completion of a number of projects during the year. Unrcstricted funds remained
unchanged, while restricted funds decreased by £1,485.
Reserves policy
The charity's policy is to retain a level of reserves, which matches th¢ n¢¢ds of the organisation bolh at the
current time and in the foreseeable future. The charity has developed a.plan to establish and maintain this
agreed level of reserves. The charity will continue to monitor compliance with this policy on a regular basis
and the Board will review the appropriateness of the policy annually,
FUTURE PLANS
Once again for the coming year we again anticipate high demand for services from people struggling with
the cost of living and impact of energy costs on housing and living costs. We will continue to work together
with partners in the wider voluntary, comrnunity and public sector to ensure we sup.port clients to avoid
hardship and destitution, In the coming year, we will provide crucial support to Clients through, our drop-in
services, appointment-based services* phone and on-line support when requested, providing information and
referrals services and specialist advice on housing. employment. benefits. debt, and mental health advocacy.
We will also deliver information and awareness raising sessions, to equip those working with vulnerable
individuals with knowledge of the social security system and raise awareness of th¢ services available. We
will continue to collaborate with our existing and new partner organisations. to provide a comprehensive
support network for clients, drawing upon the expertise and resources of other organisations to address
complex issues
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company>
limited by guarant¢e, as defined by the Companies Act 2006.
Recruilment and appointment of new trustees
During the period under review the directors met monthly. Trusteesldirectors are appointed by nominations
made in writing by any existing director, At the General Meeting nominated directors are appointed by
election.

East Belfast Inde
endent Advice Centre
Re
ort of the Trustees
for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The princlples of good governance are embedded within all aspects of E&st Belfast Independent Advice
Centre's operations wilh management and staff being keenly aware of the Boards responsibility of ensuring
that the organisation protects itself from financial exposure and reputational damage. A close working
relationship is maintained between the Board and management to ensure that operationally staff are aware of
the standards required of them by the Board and the Board are always in a position to provide guidance and
support to management in the discharge of their duties. This two way relationship is the key feature of East
Belfast Independent Advice Centre governance arrangements and is a key strength in the company.
A conscientious approach to ensuring that contractual project requirements are achieved has been maintained
at all times both in ihe accounting period being reporled on and since East Belfast Independent Advice
Centre establishmenl. Very tight financial controls on expenditure and all financial commitmenls are
maintained al all times and project staff hav¢ been trained and have become experienced in budgetary
controls. In both these areas ie Project delivery and financial controls management all staff have eslablished
close working relationships with funding organisations to ensur¢ all mandatory Standards are consistently
achieved. Board representatives also actively engage with funding bodies.
The Board, management and staff are fully aware that the nature of the work in whtch East Belfast
Independent Advice Centre is involved can bring with it a high level of scrutiny to ensure thal all activities
are fully compliant with funding requirements and. therefore, beyond reproach. The Board of East Belfast
Independent Advice C¢ntre is, Iherefore, greatly reassured of the company's compliance with the highest of
standards of governance on the basis that all monitoring and evalualion of project delivery demonstrates
achievemenl of all funders objectives and that funders, audits and vouching of financial expenditure and the
Independent Examiners Report confirm complianc¢ with both probity and regularity in the use of monies
received.
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of th¢ year is given in the notes to the financial statements.
TRUSTEES, RESPONSIBILITY STATEMENT
The Irustees (who are also the directors of East Belfast Independent Advice Centre for the purposes of
company law) are responsible for preparing the Report of ihe Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United. Kingdom Generally
Acc¢pt¢d Accounting Practic¢) including Financial keporting Standard 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland"
Company law requires Ihe 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 incoming resources and application
of resources, including the income and expenditur¢, of the charitable company for that period. In preparing
those financial stal¢ments, the trustees are required to
select suitable accounting policies and then apply th¢m ¢onsistently:
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.

East Belfast Inde
ndent Advice Centre
ort of the Trustees
for the Year Ended 31 March 2024
TRUSTEES, RESPONSIBILITY STATEMENT- continued
The trustees are r¢sponsible 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 assets of
the charitable company and h¢n¢e for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
This report has been prepar¢d in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.
Approved by order of the board of trustees on 6 November 2024 and signed on its behalf by:
Ann Martin - Trustee

Inde
endent Examiner's Re
ort to the Trustees of
East Belfast Inde
endent Advice Centre
I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages eleven
to twenty five.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company 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 ¢ompany law and is eligible for
independent ¢xaminalion. 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 Ireland under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
BASI$ of the independent examiner's report
I have examined your chartty accounts as required under Section 65 of the Charities Act and my examination
was carried out in accordan¢¢ 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 accounting
records kept by the charity and a Comparison of the accounts presented with those records. It also included
¢on5ideration of any unusual ilems or disclosures in the accounts, and seeking explanations from you as
charity trustees concerning any such matters.
My role is to state whether any material matters have come lo my attention giving me Cause to b¢lieve'
That accounting records were not kept in accordance wilh Section 386 of the Companies Act 2006
That the accounts do not accord with those a¢¢ounting 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 Gharities preparing their accounts in a¢cordanc¢ with the Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland
That there is further information 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 I am qualified to undertake the examination because l am a mcmber of the Institute of
Chartered Accountants in Ireland which is one of the listed bodies.
I have completed my examination and have no concerns in Tespect 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 require drawing to your attention.
Mr Billy Drake
The Institute of Chartered Accountants in Ireland
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira

Inde
endent Examiner's Re
ort to the Trustee5 of
East Belfast Inde
endent Advice Centre
Co. Armagh
BT67 OLE
6 November 2024
10

East Belfast Inde
endent Advice Centre
Statement of Financial Activities
Incor
oratin
aD Income and Ex
for the Year Ended 31 March 2024
enditure Aeeount
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
funds
funds
Note5
INCOME AND ENDOWMENTS FROM
Charitable activities
Grants Receivable
324,822
324,822
303,713
Other trading activities
650
Total
324,822
324,822
304,363
EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure
Governance
323,229
323.229
327.331
3.078
3,078
1,690
Total
326.307
326,307
329.021
NET INCOMEI(EXPENDITURE)
(1,485)
(1,485)
(24,658)
RECONCILIATION OF FUNDS
Total funds brought forward
118,226
41,199
159,425
184,083
TOTAL FUNDS CARRIED FORWARD
118,226
39,714
157.940
159.425
The notes fonn part of thcse financial statements

East Belfast Inde
endent Advice Centre
Statement of Financial Posilion
31 March 2024
31.3.24
31.3.23
Notes
CURRENT ASSETS
Debtors
Cash at bank
23.631
137,301
10,405
151.858
160,932
162,263
CREDITORS
Amounts falling due within one year
10
(2.992)
(2,83 8)
NET CURRENT ASSETS
157,940
159.425
TOTAL ASSETS LESS CURRENT
LIABILITIES
157.940
159,425
NET ASSETS
157,940
159,425
FUNDS
Unrestricted funds
Restricted funds
12
118,226
39,714
118,226
41,199
TOTAL FUNDS
157.940
159,425
The charitable company is entitled to exemption from audit under S¢¢tion 477 of the Companies Acl 2006
for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2024 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 ¢omply 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 ihe 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 comply with the
requirements of the Companies Act 2006 Telating to financial statements. so far as applicable to the
charitable company.
The notes form part of these financial statements
12
continued...

East Belfasl Inde
endent Advice Centre
Statement of Financial Position - Continued
31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to charilable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
6 November 2024 and were signed on its behalf by:
Ann Martin - Trustee
Colin Robinson - Trustee
The notes form part of these financial statements
13

East Belfast Inde
endent Advice Centre
Notes to the Financial Statements
Tor the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
Thc financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) '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),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prcpaTed under the historical cost convention.
Summary of significant accounting policies
(a) General information and basis of preparation
East Belfast Independent Advice Centre Limited is constituled as a company limited by guarantee
incorporated in Northern Ireland (N1040485). In the event of the charity being would up, the liability
tn respect of the guarantee is limited to £1 per member of the charity.
The charity constitutes a publi¢ 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 Republic of Ireland issued in 2019 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.
The financial statements are prepared on a going Concern basis und¢r the historical cosl 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) Fund$
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 unrestricted funds that have been set aside by the trustees for particular
purpose5. The aim and use of each deslgnated 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
administering such funds 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 purpos¢ of each fund is included in the notes to the financial
statements.
(c) In¢ome recognition
14
continued...

East Belfast Inde
endent Advice Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES- continued
Basis of preparlng the financial statements
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity
is legally entitled to the income after any performance conditions have been met, Ihe amount can be
measured reliably, and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions artached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the charity and it 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 recognis¢d in income at iheir 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 amount is recognised in expenditure.
No amount is included in the financial statements for volunteer lime 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 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 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 r¢¢ognised when entitlement has occurred.
The charity receives governmeni grants which are detailed within the notes to these financial
statements. Income from government and other grants are recognised ai fair value when the charity
has entitlement after any performance conditions have been met. it is probable that the income will be
received, and the amount can b¢ measured reliably. If entitlement is nol met, then these amounts are
deferred.
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis inclusive of V AT which cannot be recovered
and has been classified under headings ihat aggregate all costs related to the category. Expenditure is
recognised where there is a legal or ¢onstructive 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
rellably. It is Categorised under the following headlngs:
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 beneficiaries. 11 includes both costs thal can be allocated directly to such
activities and ihose costs of an indirect nature necessary to support them. and
Other expenditure represents those items not falling into the categories above.
15
continued...

East Belfast Inde
endent Adviee Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - continued
Basis of preparing the finAncial statements
Irrecoverable VAT is charged as an expense against th¢ activity for which expenditure arose.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, this is a¢¢rued as soon as the recipienl 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.
(e) Support eosts allocation
Support costs are those thal 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 th¢ charity and include project management
carried out at Headquarters. Where support costs cannot be directly attributed to particular headings
they have been allocaled to cost 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 detail basis and other overhead5 have been
allocated on a basis consistent with ihe use of resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the cosls
of disseminating information in support of the charitable activities.
(Q Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and a¢¢umulated impairment
losses. Cost Includes costs directly attributable lo making the asset capable of operating 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 systemalic basis over its expected useful life as follows
Improv¢ments to property - 250/+J Straight Line
Fixtures and fittings
250/0 Straight Line
(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 OT payable including any
related transactlon 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.
16
continued...

East Belfast Inde
endent Advice Centre
Notes to the Financial Statements- continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - eontinued
Basis of preparing the financial Statements
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value recognised
in income and ¢xpenditure. All other such investments are subsequently measured at cost less
impairment.
Other financial instruments, including dertvatives, are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is
not a market rate, in which Cas¢ 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 recognised in
the statement of financial activities, wilh 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
impairment at the end of each reporting date. if there is objective evidence of impairment an
impairmeni loss is recognised under the appropriate heading in the stalement of financial activities in
which the initial gain is recognised.
For all equity instruments regardless of significance, and other financial assets that are individual ly
significant, these are assessed individually for impairment. Other financial assets are either assessed
indtvidually or grouped on the basis of simi lar 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 asset that exceeds whal the carrying amount would have been
had the impairment not previously been recognised.
(h) Impalrment
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 asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount, Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profil or loss unless the asset is
carried at a revalued amount where th¢ 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 probable that an outflow of economic benefits will be required in settlement and the
amount can be reliably estimated.
(i) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the leas¢ term
and the expected useful life of the asset. Minimum lease payments are apportioned between the
finance charge and the reduction of ihe outstanding lease liabtlity using the effectiv¢ interest method.
The related obligations. net of future finance charges, are included in creditors.
17
continued...

East Belfast Inde
endent Advi¢e Centre
Noles to the Financial Statements - continued
ror the Year Ended 31 March 2024
ACCOUNTING POLICIES- continued
Basis of preparing the financial statements
Rentals payable and receivable 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 the company is defined as a charity for taxation purposes.
The charity is a rcgistered 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.
(l) Golng concern
The financial 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 expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity lo b¢ able to
continue as a going concern.
(m) Judgements estimates
The followin8 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 and that have a significant risk of causing a material adjuslm¢nt
to the carrying amount5 of assets and liabilities within the next financial year..
(i) depreciation method and asset useful live5
(li) principal assumptions used to measure multi-employer defined benefit pension schemes,
liabilities, sensitivities to changes in assumptions and future funding obligations
The estimates and assumptions are reviewed on an ongoing basis considering the current and future
market conditions.
Fund accounting
The Company has various types of funds for which it is responsible, and which require separate
disclosure.
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financ5al
statements.
18
continued...

East Belfast Inde
endent Advice Centre
Notes to the FinancAal Statements - continued
for the Year Ended 31 Mareh 2024
ACCOUNTING POLICIES - eontinued
Pension costs and other post-retirement benefits
The charitable company operates a defjned contribution pension scheme. Contributions payable lo
the charitable company's pension scheme are charged to the Siatement of Financial Activities in the
period to which they relate.
Defined contributions plans
Contributions to defined contribution plans are recognised as an expens¢ in the period in which the
related service is provided. Prepaid contributions are rccognised as an asset to the extent that the
prepayment will lead to a reduction in the future payments of a cash refund.
When contributions are not expected to be s¢ttl¢d wholly within 12 months of th¢ end of the reporting
date in which the employees render ihe related service, the liability is measured on a discounted
present value basis. The unwinding of the discount is re¢ognised in finance costs in profit or loss in
the period in which it arises.
Contingent liability
A contingent liability exisls to repay any grants received should certain conditions not be fulfilled by
the Company.
OTHER TRADING AcfiviTIES
31.3.24
31.3.23
Fundraising and Donations
Asert
250
400
650
INCOME FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Activity
Grants Receivable
Grants
324,822
303,713
Grants received, included in the above. are as follows:
31.3.24
31.3.23
Halifax Foundation (Nl)
Public Health Agency
Henry Smith Charity
Belfast Health and Social Care Trust Mental Health
Belfast City Council - Generalist Advice Funding
Belfast City Council - Welfare Reform Support Project
Advice Nl - Debt Project
Department of Communities
Advice Nl Feed Britian
i 0,000
34,381
60.000
98,958
73,221
31,262
2.000
18,973
33,206
29,400
104,268
72,199
31,262
4.000
2,905
7,500
15,000
324,822
303,713
19
continued...

East Belfast Inde
endent Advice Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingJ(crediting):
31.3.24
31.3.23
Bank Fees
Independent Examiner Fee
188
2,890
166
2.690
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, r¢muneralion or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social security costs
Other pension costs
231,590
14,407
19.685
225,327
15,196
19.153
265,682
259,676
The average monthly number of employees during the year was as follows:
31.3.24
10
31.3.23
10
Management & Administration
No employees received emoluments in excess of £60,000.
20
continued...

East Belfast Inde
endent Advice Centre
Noles to the Financial Statements - continued
for the Year Ended 31 March 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable aelivities
Grants Receivable
303.713
303.713
Other trading activities
650
650
TotAI
650
303,713
304,363
EXPENDITURE ON
Charitable activilies
Direct Charitable Expenditure
Governance
363
326,968
327,331
50
1,640
1,690
Total
413
328.608
329,021
NET INCOMEI(EXPENDITURE)
Transfers between fundg
237
20.000
(24.895)
(20,000)
(24,658)
Net movement in funds
20,237
(44,895)
(24,658)
RECONCILIATJON OF FUNDS
Total funds brought forward
97,989
86,094
184.083
TOTAL FUNDS CARRIED
FORWARD
118.226
41,199
159,425
TANGIBLE FIXED ASSETS
Improvements
to
property
Ftxtures
and
fittings
Totals
COST
At l April 2023 and 31 March 2024
4,066
34,526
38,592
DEPRECIATION
At l April 2023 and 31 March 2024
4.066
34,526
38,592
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
21
continued...

East Belfast Inde
endent Advice Centre
Notes to the Financial Stalements- continued
for the Year Ended 31 March 2024
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Belfast City Council
Advice Nl
Department of Communities
15,631
8,000
7,500
2.905
23,631
10,405
10. CREDJTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Accruals and deferred income
2,992
2.838
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restri¢ted
funds
funds
Currenl assets
Current liabilities
118,356
(130)
42,576
(2,862)
160,932
{2,992)
162,263
(2,838)
118,226
39,714
157.940
159,425
12. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unre5trieted funds
General fund
18,226
118.226
Restricted funds
Henry Smith Charity
Belfast Health and Social Care Trust-
Menlal Health
Belfast City Council Generalist
Advice Funding
Department for Communities
Advice Nl Feed Brltian
22,133
6,527
28.660
8,661
(1,706)
6,955
980
(2,905)
(4,381)
980
2,905
7,500
3.119
41,199
(1.485)
39,714
TOTAL FUNDS
159,425
(1,485)
157,940
22
continued...

East Belfast Inde
endent Advice Centre
Notes to the Financial Statement$- continued
for the Year Ended 31 March 2024
12.
MOVEMENT IN FUNDS- continued
Net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Restricted funds
Halifax Foundation (Nl)
Public Health Agency
Henry Smith Charity
Belfast Health and Social Care Trust-
Mental Health
Belfast City Council Generalist
Advice Funding
Belfast City Council - Welfare Reform
Support Project
Advice Nl - Debt Project
Department for Communities
Advice Nl Feed Britian
10.000
34,381
60,000
(i 0,000)
(34.381)
(53,473)
6.527
98,958
{100.664)
(1,706)
73.221
(72,241)
980
31,262
2,000
(31,262)
(2,000)
(2,905)
(19,381)
{2,905)
(4,381)
15,000
324,822
(326,307)
(1,485)
TOTAL FUNDS
324,822
(326,307)
(1,485)
Comparatlves for movement In funds
Net
movement
in funds
Transfers
between
funds
At
3113123
At 114122
Unrestricted fund$
General fund
97,989
237
20,000
18,226
Restricted funds
Halifax Foundation (Nl)
John Wilson Memorial fund
Henry Smith Charity
Belfast Health and Social Care Trust-
Mental Health
Belfast City Council - Financial
Inclusion Fund
Department for Communities
Advice Nl Feed Britian
486
20,000
41,900
(486)
(20,000)
(19.767)
22,133
8,333
328
8,661
15,375
{15.375)
2.905
7,500
2,905
7,500
86,094
(24,895)
(20,000)
41,199
TOTAL FUNDS
184,083
(24,658)
159,425
23
continued.

East Belfast Inde
endent Advice Centre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
12.
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
650
(413)
237
Restricted funds
Halifax Foundation (Nl)
Public Health Agency
Henry Smith Charity
Belfast Health and Social Care Trust-
Mental Health
Belfast City Council Generalist
Advice Funding
Belfast City Council - Financial
Jnclusion Fund
Belfast City Council - Welfare Reform
Support Project
Advice Nl - Debt Project
Department for Communities
Advice Nl Feed Britian
18,973
33,206
29,400
(19,459)
(33,206)
(49,167)
(486)
(19.767)
104,268
(103,940)
328
72,199
(72,199)
(15,375)
(15,375)
31.262
4,000
2.905
7,500
(31,262)
(4,000)
2,905
7,500
303,713
(328,608)
(24.895)
TOTAL FUNDS
304.363
(329,021)
(24.658)
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
14. POST BALANCE SHEET EVENTS
There were no events after the reporting period therefore no material issues need disclosed.
24
continued...

East Belfast Inde
endent Advice Centre
Notes to the Financial Statements - continued
for the Year Ended 31 Mareh 2024
15. WINDING 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.
16. SHARE CAPITAL
The Company is Limited by Guarantee and has no Share Capital
25

East Belfast Inde
endent Advice Centre
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3,24
31.3.23
INCOME AND ENDOWMENTS
Other trading activities
Fundraising and Donations
Asert
250
400
650
Chvdritable activitles
Grants
324,822
303,713
Total Incoming resources
324,822
304,363
EXPENDITURE
Charitable aetivities
Wages
Social security
Pensions
Insurance
Telephone and Intern¢t
Postage and stalionery
Advertising and Recruitment
Sundries
Volunteers Expenses & Training
Affiliation Fees &Publications
Cleaning & Consumables
Rent and Room Hire
IT Support & Equipment
Staff Travel & Training
Consuliancy
Health & Safety
Service level agreement
Catering and Hospitality
Staff Support Vouchers
Donation - Nl Hospice
231,590
14,407
19,685
3,058
362
,595
225,327
15,196
19,153
3,216
106
1,692
1.797
1,046
2,867
8,757
58
20,640
7,640
3,835
6,800
574
1,600
741
5.070
50
1,326
5,578
8,880
20,640
2.081
2,428
,680
643
1,600
674
323,229
326.165
Support costs
Governance eo$t$
Bank Fees
Carried forward
188
188
166
166
This page does not form part of the statutory financial statements
26

East Belfast Inde
endent Advice Cenlre
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
Govern2Dee costs
Brought forward
Independent Examiner Fee
188
2.890
166
2,690
3,078
2,856
Total resources expended
326,307
329,021
Net expenditure
(1,485)
(24,658)
This page does not form part of the statutory financial statements
27