COMPANY REGISTRATION NUMBER: N1031146
CHARITY REGISTRATION NUMBER: 102099
Eastside Partnership
Company Limited by Guarantee
Financial Statements
31 March 2023
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Eastside Partnership
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the director's report)
Independent auditorfs report to the members
12
Statement of financial activities (including income and
expenditure account)
18
Statement of financial position
19
Statement of cash flows
20
Notes to the financial statements
21
The following pages do not form part of the financial statements
Detailed statement of financial activities
38
Notes to the detailed statement of financial activities
49

Eastside Partnership
Company Limlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2023
The trustees. who are also the directors for the purposes of company law, present their report and the
rinancial statements of the charity for the year ended 31 March 2023.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (con1inu￿)
Year ended 31 March 2023
Reference and admlnlstratlve detalls
Registered charlty name
Eastside Partnership
Charity registration number
102099
Company registration number N1031146
Prlnclpal office and registered Avalon House
office
278-280 Newtownards Road
Belfast
BT4 1HE
The trustees
M Briggs
S Douglas
D Gavaghan
M Gibson
T Haire
B Mcconnell
J McAlpin
A Mcmurray
W Clark
R Davison
G Dorrian
A Hassard
A Irvine
K Purdy
G Robinson
S Jackson
A Flynn
M Kelly
R Mcmullan
D Alderdi
P McReynold5
F Bell
(Resigned 1 September 2023)
(Resigned 1 Saptemb8r 2023)
(Resigned 9 June 2023)
(Resigned 1 September 2023)
(Resigned 1 September 2023)
(Resigned 1 September 2023)
(Resigned 1 September 2023)
(Resigned 9 June 2023)
(Resigned 1 September 2023)
(Resigned g June 2023)
(Resigned 9 June 2023)
(Resigned g June 2023)
(Resigned 10 June 2022)
(Resigned 28 July 2022)
(Appointed 10 June 2022)
Company secretary
Tony Wilson
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
g James Street South
Belfast
BT2 8DN
Bankers
AIB
11-15 Donegall Square North
Belfast
BT15GB

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) f¢ontinU￿)
Year ended 31 March 2023
Sollcltors
Hewitt and Gilpin
Thomas House
14-16 James Street South
Belfast
BT2 7GA
structure, governance and management
Goveming Document
Eastside Partnership is a Company Limited by Guarantee and is a Charity recognised by the Charity
Commission for Nl and HM Revenue and Customs. It is a not for profit organisation. The Company
was established under a Memorandum of Association which established the objects and powers of the
company and is govern8d under its Articles of Association.
Appointment of trustees
Trusteeship follows from membership of the Charity. which is made up as follows:
Community representatives 4 nominations from the community sector in the East Betfast area,
and the Director of East Belfast Communty Development Agency;
Political representatives - 3 elected representatives from Belfast City Council and one elected
representative of Lisburn & Castlereagh City Council;
the sitting Member of Parliament for East Belfast:
the Chairpersons of each subsidiary and working groups of the Charity.
Other representstives - up to 4 nominations.
Trustee Inductlon and tralnlng
A trustee induction process is in operation.
Arrangements ft)r setting pay and remuneration of key management personnel
The directors consider the board of directors, who are the charity's trustees. and the senior
management team comprise the key management personnel of Ihe charity in charge of directing and
controlling. running and operating the ¢harty on a day to day basis. All directors give of their time
freely and no director received remuneration in the year. Details of dirèctors, 8xpenses and related
party transaGlion5 are disclosed in note 14 to the a¢wunts.
The pay of the senior staff is set by reference to NICVA guidance and utilisation of NJC pay scales. In
view of the nature of the charity. the directors benchmark against pay levels in other similar size
charities when appointing new members of key manag8ment.
Organisation structure and how charlty makes declslons
Eastside Partnership Is govemed by a Board of Directors. The charity is managed on a day to day
basi5 by a Chief Executive. who is at the head of a management team as appointed by the Board of
Directors. The Chief Executive, with the assistance of a management team manages the day to day
activities of the Partnership, and reports directly to the Chairperson. The Chief Executive and
management team also provide progress reports to all board meetings.

Eastside Partnership
Company Llmlted by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (eonllnu8d)
Year ended 31 March 2023
Structure. governance and management feontlftu•d)
Audlt and Rlsk Committee
The ARC was set up in 2017 by the ESP Board in order to support them in their responsibilities
regarding issues of risk. control. governance and associated assurance. The ARC has delegated
responsibility on behalf of the board for ensuring that there is a framework for accountability,. for
examining and reviewing all systems and methods of control both financial and otherwise including
risk analysis and risk management-, and for ensuring the charity is complying with all aspects of the
law, relevant regulations and good practice. The ARC membership consists of no fewer than 3
directors appointed by the ESP board. at least 2 of whom will be from the parent board. and including
the board chair. along with one external member to the committee who will be independent of th8
charity and who will bring relevant skills and expartise to it.
Pmject committees/boards
For each of the key delivery projects. specific objectives are set by the board I committee for each
project, and ￿ported against on a quarterly basis to the partnership board. A strategic business plan
for each project I subsidiary company is also presented to the board.
Neighbourhood Partnerships
Th8 Partnership previously established neighbourhood partnerships: Inner East Neighbourhood
Partnership and Tullycamet Neighbourhood Partnership. The Neighbourhood Partnerships are in the
form of 'coalitions of interesf, with a memorandum of understanding be￿een the Partnership and the
two Neighbourhood Partnerships. This memorandum forms the basis of the relationship, support and
facilitation provid8d by the Partnership.
Subsidiary Companies
The Partnership have 5 wholly-owned subsidiary companies as follows:
Ave¢ Solutions Limited a trading company providing web design and hosting services to the
voluntary, community and private sectors.
Eastside Propety - a charitable propety development company which acquires and brings back
into use unused and derelict properties and seeks to make that accommodation availab18 for
organisations. individuals and companies making a positive contribution to the community.
Ea5tSide Greenways - a charitable Gompany which was established to promote and support the
use. enjoyment and sustainability of the Connswater Community Greenway.
Eastside Arts a company which seeks to proTnote the development of Arts activities in East
Betfast.
Eastside Tourism a company which seeks to advance the education of the public regardlng
east Belfast's artistic. industrial, political and social heritage.
Relationships with relatedparties
None of our trustees receive remuneration or other benefit from their work with the charity.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (eontlnuad)
Year ended 31 March 2023
Structure. governance and management (eonllnu•d)
Rlsk management
The company aims to mitigate the major risks it faces by implementation of the following proGedures'.-
Significant external risks to funding have led to the development of a strategic plan which clearly
identifies funding requirements going forward.
Internal control risks are minimised by the implementstion of procedures for authorisation of all
tpnsactions with a financial implication.
Maintenance of a company risk register. which is reviewed at meetings of the Audit and Risk
Committee.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (eorttsnu8d)
Year ended 31 March 2023
Objectives and actlvltles
Purposes
The purpose of Eastside Partnership. as expressed in its objects is to:
(1) Promote urban regeneration, community development and the redevelopment and revitalisation of
East Belfast and its environs (the "area of benefif) by all or any of the following means:
design, promote, implement and evaluate strategies concerned with improving the economic,
social. cultural and environmental life of the inhabitants of the area of benefit-,
promote study and research, and develop and influence policy and practi￿, in the fields of urban
regeneration and community development.
engage with, promote co-operation among. and eslablish strategic partnerships between groups,
organisations and agencies in the voluntary and community. statutory and private enterprise sectors:
provide a forum for the discussion and debate of urban regeneration, community development
and related issues and raise public awareness of these matters.,
provide strategic and practical support to community and voluntsry groups in the area of b8nefit'
such other charitable means as may from time to time be determined.
(2) Advance the arts. including promoting and organising performances and events which improve
public access to andlor participation in the arts.
(31 Advance education for the public benefit by assisting and supporting schools and parents and
facilitating the formation of partnerships to improve educational attainment in areas of social and
economic deprivation.
(4) Promote for the public benefit good community relations, religious and racial harmony, social
cohesion and equality and diversity.
Public Benefit
The public benefits that flow from purpose {1) are:
a reduction in social inequalities
an increase in the range of facilities and services available to the public.
improvement in the quality of seNices delivered to the public and in the efficiency and
effectivene55 of agencies delivering 5ervi¢es to the public as a consequence of enhanced knowledge
and understanding of the problems, obstacles and potential solutions: heightened motivation.
improved inter-agency co-operation. co-ordination and partnership working- and stronger inter-action
between these agencies and the community.,
improved physical appearance of the built environment. resulting in a raising of peop18's sense of
quality of lrfe. well-being and aesthetic appreciation of their surroundings.,
enhanGed opportunities for employment and training for residents living in economically and
socially deprtved areas and consequently a reduction in poverty, unemployment and hardship.
The public benefits that flow from purpos8 (2) are:
a broadening of understanding and awareness of arts and culture:
increased opportunities for the public to access the arts as a result of an extending range of arts
activities and events taking place,"
enhanced quality of life and sense of well-being through engaggment with and participation in
creative artistic events and activities:
renewed enthusiasm for and belief in the arts as a means of expression and fulfillment.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontsnu•d)
Year ended 31 March 2023
The public benefit that will flow from purpose (3) is:
an improvement in educational attainment. capabilities and capacities and potential to secure
employment by pupils living in areas of social and economic deprivation
The public benefit that flows from purpose (4) is:
a gradual transition to a safer, rnore stable and cohesive community and positive citizenship as a
result of raised awareness and understsnding, a shared sense of purpose and the creation of safe.
neutral environments.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontinu¢d)
Year ended 31 March 2023
Achievements and performance
Report on actlvlty 2022-23
Eastside Partnership, for reasons of effectiveness and good governance, deliver much of their activity
through wholly owned subsidiary companies. each of which will report separately. However. reference
will also be made in this report as core partnership stsff are also involved in supporting and
coordinating the actlvities of all companles withln the group.
The main benefits of our activities during the year were:
a) provision of a range of facilities and services available to the public;
These are provided through our subsidiary company, Eastside Propety, and separately reported
there. Examples of services provided diredly by the partnership through these facilities would include
the provision of education through the Carew Centre and of heritage educational services through
Eastside Visitor Centre with progrèss towards managing the heritage hub at T8mpl8more Baths.
b) improvement in the quality of services delivered to the public and in the efficiency and effectiveness
of agencies delivering seNices lo the public as a consequence of enhanced knowledge and
understanding of the problems. obstacles and potential solutions; heightened motivation- improved
inter-agency co-operation, co-ordination and parlnership working- and stronger inter-action be￿een
these agencies and the community"
We have continued to work with key statutory, community and private sector interests to improve
service quality, including for example in partnering with schools to deliver community based education
initiatives through an agreed Education Framework, a more coordinated approach to the development
of the Newtownards Rd, supporting the Inner East Neighbourhood RenevRI Partnership and
Tullycarnet Neighbourhood Partnership and through working with The Executive Office's Urban Village
initiative.
c) improved physical appearance of the built environment, resulting in a raising of people's sense of
quality of lrfe. well-being and aesthetic appreGiation of their surroundings.
We continu8 to work with Belfast City Council to 8nsur8 C.S. Lewis Square and the Connswater
Community Greenway is maintained as a high quality facility for local residents. which has enhanced
the physical appearan￿ of this part of inner East Belfast, with heavy use by local residents and
V15itors alike and an increase in physical activity. We continue to lobby for further greenway
development in east Belfast through the Eastside Greenways strategy to contribute to the ongoing
physlcal regeneration of of the area.
d) a broadening of understsnding and awareness of arts and culture.,
Through widespread engagement with local residents. businesses and elected representatives,
alongside our social media promotional activity, many more people have come to appreciate, and
engage In. arts activity in the east of the city.
We deliver all round arts and cultural activity at indoor and outdoor venues across east Belfast with a
particular focus on C.S. Lewis Square as an important public space for cultural regeneration activity.
The space hosts a variety of events for the local community and visitors alike which ranges from
monthly markets, fitness sessions, family fijn days and live music such as 4 nights of music as part of
the Ea5tSide Arts Festival and 2 nights of music in July, both showcasing a thriving and talented

Eastside Partnership
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conllnu8d)
Year ended 31 March 2023
artistic community.
e) increased opportunities for the public to access the arts as a result of an extended range of arts
activities and events tsking place.,
We continue to deliver an all year round community arts programme with a focus on local venues and
opportunities whiGh meets the needs of local people and in areas of social disadvantage and
increasing public access to the arts for social impact and well-being.
This included the weekly Eastside Arts Choir and the Big Kids Society which provides public creative
workshops in a variety of different art forms. A lot of time was spent on programme and preparation
work with the Gertrude Star Flute band in the lead up to the Fifes and Fusion performance at the July
event at C.S. Lewis Square.
We delivered the Eastside Arts Festival and C.S. Lewis Festival with programming to celebrat8 people
and place in the area, engaging local people to participate in the arts. The Greenway project continues
to deliver an all year round animation programme which includes cultural activty as a driver of visits
and use of the space to promote health and well being and Civic pride.
fj renewed enthusiasm for and belief in the arts as a means of expression and fulfilment;
With the audience growing, and numbers of volunteers increasing. for the wide range of arts activities
delivered this year, this has been a clear indication of the increased commitment and enthusiasm
which we have experienced. Example5 of this include our project with the Gertrude Star Flute Band
which recognised the musicalty and talent in the band as an impactful and participative art form.
g) an improvement in educational attainment. capabilities and capacities and potential to secure
employment by pupils living in areas of social and economic deprivation.
We continue to utilise funding from the Dept of Justice via the Dept of Education to continue the
Eastside Learning project with a variety of programmes to raise aspirations. improve educational
attainment and develop community and statutory relationships for the benefit of children and families.
Examples of this include the Eastside Earfy Years Ne￿ork, Forest Schoo15 Programme and ABC
after school project.
h) a gradual transition to a safer, more stable and Cohesive community and positive citizenship as a
result of raised awareness and understanding, a shared sense of purpose and the creation of safe,
neutral environments;
The partnership has continued to engage in city wide initiatives, particularly wtth the arts, tourism and
regeneration initiatives between east and west Belfast, which has helped increase understanding and
a sense of shared purpose as we cooperate on programme delivery.
C.S. Lewis Square l Eastside Visitor Centre ha5 also opened up an entirely new 'shared space, with
diverse programming to meet the needs of many people from many differant backgrounds and
traditions. right in the heart of the community and plans have now been developed to extend the
centre.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2023
Financlal revlew
The results for the year are set out in detail on pages 18 to 37. The company returned net
incomel(expenditure) for the year of £30.324 (2022: (£42,006)). At 31 March 2023. the total funds of
the charity amounted to £389,070 (2022: £358,746), comprising ￿$triCted funds of £251,207 (2022:
£224,318) and unrestricted funds of £137,863 (2022: £134,428).
The unrestricted funds are considered to be essential to provide sufficient funds to cover any
unforeseen costs which may arise and fulfill the legal obligations of the charity in the event that currant
levels of income are not maintained.
Investment powers and policy
Aside from retaining a prudent amount in reserves each year most of the Gharity's funds are to be
spent in the short term so there are few funds for long term investment. The directors. having regard to
the liquidity r8quirements of the organisation and to the reserves policy have operated a policy of
keeping available funds in an interest bearing deposit account.
ReseThes policy and going concem
A policy has been implemented by the company in order to recognise the Gharity's requirements for
reserves in light of the main risks to the organisation. It has established a policy whereby the
unrestricted funds not Committed should equate to be￿een 25 % and 50% of annual administration
overheads. The aim is to provide sufficient funds to cover any unforeseen costs which may arise. as
well as allowing for the payment of any liabilities which would arise should the company caase to
operate.
Plans for future periods
The charity plans continuing the activilies outlined above in forthcoming years, subject to satisfactory
funding arrangements. The key themes outlined in the Eastside Partnership strategic plan will be the
areas where resources are focused in the forlhcoming year.
Trustees. responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted A¢counting PractiC8).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
10

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
In preparing these financial statements, the trustees are required to=
select suitable accounting policies and then apply them consistently..
observe the rnethods and principles in the applicable Charities SORP,.
make judgments and accounting estimates that are reasonable and prudenl-,
prepare the financial staternents on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain Ihe charity's transactions and disclose with reasonable accuracy al any lime Ihe financial
Posttion of the charrty and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the asset5 of the charity and hence
for taking reasonable steps for the prevention and dete¢tion of fraud and other irregularities.
Audltor
Each of the persons who is a Iru5tee at the date of approval of this ￿port confirms that..
so far as they are aware. there is no relevant audit infomiation of which the charity's auditor is
unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charty's auditor is aware of that
information.
Small company provislons
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The twstees. annual report was approved on 1 December 2023 and signed on behalf of the board of
trustees by..
Tony Wilson
Char(ty Secretary
11

Eastside Partnership
Company Limlted by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership
Year ended 31 March 2023
Oplnlon
Wa have audited the financial statements of Eastside Partnership (the 'charity') for the year ended
31 March 2023 which comprise the statement of financial activities (including in¢ome and expenditure
account), statement of financial position, statement of cash flows and the ralated notes. including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
gtve a true and fair view of the state of the charity's affairs as at 31 Ma￿h 2023 and of its
incoming resou￿$ and application of resources, including its income and expenditure. for the
year then ended,.
have been properly pr8par8d in accordance with United Kingdom Generally Accepted
Accounting Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
ststements in the UK, including the FRC'S Ethical Standard, and the provisions available for small
8ntilies, in the circumstances set out below. and we have fU￿illed our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
APB Ethical Standard - Provisions available for small entities
In Common with many other organisations of a similar size and nature, the Charity uses its auditors to
prepare and submit return5 to the tax authorities and assist with th8 preparation of their organisation's
financial statements.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going con￿rn
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
8vents or conditions that. individually or collectively, may cast signfficant doubt on the charity'5 ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
12

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership (contlnu8d)
Year ended 31 March 2023
Other inforniatlon
The other information comprises the information included In the annual report, other than the financial
statements and our auditor's report Ihereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover thè other information and, except to the extent
otherwise explicitly stated in our report. we do not express any fonn of assurance conclusion thereon.
In Connection with our audit of the financial statements, our responslbility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether there is a material misstatement in the financial statements or
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information. we are required to report that fact.
We have nothing to report in thls regard.
Opinlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements: and
the trust&es' r8POrt has been prepared in accordan￿ with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misststements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you rf, in our opinion=
adequate accounting records have not been kept, or returns adequate for our audit hav8 not
been received from branches not visited by us. or
the financial ststemenls ar8 not in agreement with the accounting records and returns: or
certain disclosures of trustees. remuneration specified by law are not made: or
we have not received all the infomiation and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantsge of the small companies. exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
13

Eastside Partnership
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Eastside Partnership {contlnu8d)
Year ended 31 March 2023
Responslbllltles of Irustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
d1￿ctOrS for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view. and for such intemal control as
the trustees determine is necessary to enable the preparation of financlal ststements that are free
from material misslatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
conlinue as a going concern, disclosing. as applicable. matters related to going concem and using the
going concern basis of a¢counting unless Ihe trustees either intend to liquidate the charity or to cease
operations. or have no realistic alternative but to do so.
14

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership {contlnued)
Year ended 31 March 2023
Auditorfs responsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
ara free from material misstatement, wheth8r due to fraud or error. and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance wilh ISAS {UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influenc8 the economic decisions of users taken on
the basis of th&se financial statements.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities. including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations. we considered the following:
the nature of the industry and sector, control environment and business performance including the
design of the remuneration policies, key drivers for directors, remuneration, bonus levels and
performance targets.,
results of our enquiries of management about their own identification and assessment of the risks
of irregularities.,
any matters we identified having obtained and reviewed documentstion of their policies and
procedures relating to..
identifying. evaluating and complying with laws and regulations and whether
management were aware of any instances of non-compliance:
detecting and responding to the risks of fraud and whether management have knowledge
of any actual. suspected or alleged fraud:
the intemal controls established to mitigate risks of fraud or non-complian￿ with laws
and regulations.
the matters discussed among the audit engagement team including significant component audit
teams and relevant intemal specialists. including tax and valuations specialists regarding how and
where fraud might occur in the financial statements and any potential indiGators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK), we are also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and r8gulatory frameworks in operation. focusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in
this context included ongoing compliance Wlth the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
15

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership fcontinued)
Year ended 31 March 2023
As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, vthether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may invofve collusion. forgery. intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of intemal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expr8ssing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained. whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charivs ability to continue as a going
concem. If we conclude that a material uncertainty exists. we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures. and whether the financial statements represent the underlying transactions and
8vents in a manner that achi8ves fair presentation.
16

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership (continued)
Year ended 31 March 2023
We communicate with those charged with governance regarding, among other matters. the planned
sGope and liming of the audit and significant audit findings. including any significant deficiencies in
intemal control that we identify during our audit.
Use of our report
This report is made solety to the charivs members, as a body, in accordance with Chapter 3 of Part
16 of the Companies A¢t 2006. Our audit work has been undertaken so that we might state to the
charity's members those matters we are required to stste to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the chariws members as a body, for our audit work. for this report.
orfor the opinions we have formed.
Paul Dolan (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
1 Dec&mb8r 2023
17

Eastside Partnership
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds Total fvnds
2022
Unrestricted
funds
Noto
Income and endowments
Donations and legacies
Charitable activities
other trading activities
Investment income
5,414
2,193
592,920
44,344
7.607
592,920
54.332
106
5,779
687.896
8,357
9,988
106
Total income
15.508
639.457
654,965
702,032
Expenditure
Expenditure on pislng funds:
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
(12.073)
(2.795)
(14,868)
(10,762)
1,456
{611,229) (609,773) 1733,276)
(10,617) (614,024) (624,641) 1744,038)
10
Net Incomel(expendlture)
4.891
25,433
30,324
(42.006)
Transfers behveen funds
(1,456)
1,456
Net movement in funds
3,435
26.889
30.324
(42.006)
Reconciliation of funds
Total funds brought for4vard
Total funds carrled forward
134.428
224,318
358.746
400.752
137,863
251,207
389.070
358,746
The statement of financial activities includes all galns and losses recognised in the year.
Atl income and expenditure derive from continuing activities.
The notes on pages 21 to 37 form part of these ftnanclal statements.
18

Eastside Partnership
Company Limited by Guarantee
Statement of Financlal Position
31 March 2023
2023
2022
Fixed assots
Tangible fixed assets
15
532
11,074
Current assets
Deblors
Cash at bank and In hand
16
218.464
274,096
492.560
258,910
216,638
475,548
Credltors: aniounts falllng due within one year
Net current assets
18
104.022
127,876
388,538
347,672
Total assets legs current liabilities
389,070
358,746
Net assets
389.070
358,746
Funds of Ihe charlty
Restricted funds
Unrestricted funds
251.207
137,863
224,318
134,428
Total charlty funds
20
389,070
358,746
Th8se financial ststements have been prepared in accordance with the provisions applicable to
companies subject to the small COTnpanies' regime.
These financial ststements were approved by the board of trustees and aulhorised for issue on 1
De￿mber 2023, and are signed on behalf of the board by..
The notes on pages 21 to 37 fomi part of thèse financlal statements.
19

Eastside Partnership
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Cash flows from operating activities
Net incomel(expenditure)
30,324
(42,006)
Adjustments for."
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued expensesl(income)
11,339
(106)
660
11
11,836
4,953
(1,333)
Changes in..
Trade and other debtors
Trade and other creditors
40.446
(33.858)
48.816
49.179
(12.008)
10.621
Cash generated from operations
Interest paid
Interest received
{660)
106
(4,953)
Net cash from operating activities
48.262
5.668
Cash flows from Investing aGtivities
Purchase of tangible assets
Net cash used in investing activities
(797)
(797)
Cash flows from financing activities
Proceeds from loans from group undertakings
Net cash from financing activities
9,993
34.692
9,993
34.692
Net increase In cash and ￿$h equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
57,458
216.638
40,360
176.278
274.096
216.638
The notes on pages 21 to 37 form part of these financlal statements.
20

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General infomiation
The charity is a publi¢ benefit entity and a private company limited by guarantee, registered in
Northem Ireland and a registered charity in Northem Ireland. The address of th8 registered office
is Avalon House, 278-280 Newtownards Road, Betfast. BT4 1 HE.
Statement of compllance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities
SORP (FRS 102)) and the Compani8s Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of ￿rtain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimatlon uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect Ihe amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the Circumstan￿5.
Fund accounting
Unrestricted fvnds are available for use at the discretion of the trustees to further any of the
¢harity'5 purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
21

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements fcontinuedj
Year ended 31 March 2023
Accountlng pollcles {conllnu•d)
Incomlng resources
All incoming resources are included in the statement of financial adivities when entitlement has
passed to the charity,. it is probable that thè economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
ncome from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Rosources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includ6s any
VAT which cannot be fully recovered. and is classif18d under headings of the ststement of
financial activities lo which it relates:
expenditure on raising funds includes the costs of all fundraising activitles. events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its Charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charty nor part of its expenditure on charitable activities.
All costs are allocated to exp8nditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated diredly to that activity. Shared costs are apportioned
be￿een the activities th8y contribute to on a r8asonable. justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost. and subsequently ststed at cost less any
accumulated depreciation and impalrment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreGiation and subsequent accumulated impairment losses.
22

Eastside Partnership
Company Llmlted by Guarantee
Notes to the Financial Statements (continu8d)
Year ended 31 March 2023
Accounting policies (continued)
Tangible assets (¢ontlnuedJ
An increase In the carylng amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses. unless it reverses a charg8 for impairment that has praviously bean
recognised as expenditure within Ihe statement of financial aclivities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and losses.
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciatlon
Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual
value. over the useful economic life of that asset as follows:
Fixtures and fittings
Computer equipment
330/0 Straight line
33°/o Straight line
Impalmient of fixed assels
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimiant testing, when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of Ihe
Cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment tasting of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefft from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount re￿1vable 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 received and not discounted.
Debt instruments are subsequently measured at amortised cost.
23

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statsments (Gontinued)
Year ended 31 March 2023
Accounting pollcles (contlnu•d)
Financial instruments (conllnuodj
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatlV8s, are initially recognised at fair value. unless
payment for an asset is deferred beyond nomial business terms or financed at a rate of intèrest
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
recognised in the statement of financial activitl8S, Wlth th8 exception of hedging instruments in a
designated 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 impaimenl, an
impaimient loss is recognised under the appropriate heading in the statement of financial
adivities in which the initial gain was recognised.
For all equity instruments regardless of significance, and oth8r financial ass8ts that are
individually significant, these are assessed individually for impaimient. 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 Ihe extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned contribution plans
ContribLrtions to defined ¢ontribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash r8tund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service. the liability is measured on a
discounted present value basis. The unwinding of the discount is r8cognised as an expense in
the period in which it arises.
Limited by guarantee
The ¢harlty is a wmpany limited by guarantee and every member undertakes to contribute to the
assets of the company in the event of it being wound up. while being a member or within one
year after ceasing to be a member, such amount as may be requlred not 8XC88ding £1.
24

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Sponsorship
Donations
Donations from subsidiary
2.193
2,193
5,414
5,414
5,414
2.193
7,607
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Sponsorship
Donations
Donations from subsidiary
2,000
2.000
3.779
3,779
2.000
3,779
5.779
Charitable activities
Restricted Total Funds
Funds
2023
Restricted Total Funds
Funds
2022
Department for Communities
Belfast City Council
Ardbarron Trust
The Executive Office
National Lottery
Department of Education
Tourism Nl
Big Lottery
Rank Foundation
other Projects
172,625
106.249
172.625
106,249
169,759
166.233
2.000
110.446
75.000
159,583
169.759
166.233
2.000
110,446
75,000
159.583
102.133
102,133
160,118
5,504
3,950
34,000
8,341
160,118
5,504
3,950
34.000
8.341
4,875
4,875
592.920
592.920
687,896
687.896
other tradlng actlvltles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Third paty recharges
Eastside Gr88nways
Ticket sales
2,751
1,675
5,562
44,344
47.095
1,675
5.562
9.988
44,344
54,332
25

Eastside Partnership
Company Limlted by Guarantee
Notes to the Financial Statements (contlnu8dJ
Year ended 31 March 2023
Other tradlng aclivities (conlinued)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Third paty recharges
Eastside Greenways
Ticket sales
4,630
4,630
3,727
3,727
3,727
4.630
8,357
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest
106
106
Costs of other trading activities
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Wages and salaries
IT support
Renuserviced Office
Training
Project costs
PR and marketing
Support costs
Meeting expens8S
720
1.500
48
6.875
720
1,500
48
9,670
2.795
1.436
1.494
1,436
1,494
14,868
12,073
2.795
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Wages and salaries
IT support
RenVSeNiced Office
Training
Project costs
PR and marketing
Support ¢05t5
Meeting expenses
(14,967)
576
180
613
8.558
4.717
1.350
1.853
(14,967)
576
180
613
16.440
4.717
1.350
1.853
7.882
7.882
2.880
10.762
26

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
10. Expendlture on charltable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2023
Total fund
2022
Urban Regeneration Neighbourhood
Renewal Activities
Arts activities
Education activities
Governance costs
277,074
49,896
225,376
53.227
330,301
49.896
225,376
4.200
454.750
41.949
232,377
4,200
733,276
4,200
552,346
57,427
609.773
11. Analysis of support costs
Urban
Regeneration
Activities
Trading
Activities Tolal 2023 Total 2022
Staff costs
Premises
Communicalions and IT
Finance costs
Govemance costs
41.615
9.452
2.160
41,615
9.452
2.160
1,437
4.200
41.419
9.139
2.304
1,351
4,200
1.437
4.200
57,427
1.437
58,864
58,413
12. Net Incomel{expenditure)
Net incomel(expenditure) is stated after chargingl(crediting):
2023
2022
Depreciation of tangible fixed assets
Fees payable for the audit of the financial statements
11,339
4,200
11,836
4,110
13. Staff Costs
Th8 total staff costs and employee benefits for the reporting period are analysed as follows..
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
285,463
37,292
29,089
351,844
276,429
37,066
29,429
342,924
The average head count of employees during th8 year was 12 (2022: 11).
No employee received employee banefits of more than £60,000 durlng the year (2022.. Nil).
27

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (¢ontin￿d)
Year ended 31 March 2023
13. Staff costs (contlnued)
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The total compensation paid to key
management personnel for services provided to the charity was £255.337 (2022:£231.222).
14. Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits from employment with the
Charity in the year (2022.. £Nil). No charity trustee received payment for proféssional or other
services supplies to the charity (2022- £Nil).
15. Tanglble fixed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 April 2022
Additions
16,763
34,313
797
51.076
797
At 31 March 2023
16,763
35.110
51.873
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
13,672
3,091
26,330
8.248
40.002
11,339
16,763
34,578
51,341
Carrying amount
At 31 March 2023
532
532
At 31 March 2022
3,091
7,983
11,074
16. Debtors
2023
2022
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
13.487
91.739
113.238
1,590
108,150
149,170
218,464
258.910
28

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlftu8dJ
Year ended 31 March 2023
17. Investments
The company is the sole member of Eastside Greenways, Eastside Arts, Eastside Property
Belfast. Eastside Tourism and Avec Solutions Limited.
All companies are incorporated in Northem Ireland and are limited by guarante8. They are
considered to be subsidiary undertakings of Eastside Partnership by virtue of the fact Ihat the
company is the sole member of each subsidiary undertaking.
The additional information required in respect of the subsidiary undertakings of the company is
given below:
Ave¢
Solutions
Limited
Northern
Ireland
Limited
Guarantee
N10345540
Eastside
Property
Belfast
orthern
Ireland
imited
uarantee
N1034475
Property
Development
Not for Profit
Eastside
Greenwa
ortharn
Ireland
imited
uarantee
1615294
romotion o
reenway
Not for Profit
Ea5tSide
Arts
Northern
Ireland
Limited
uarantee
N1628773
Eastside
Tourism
orlh8rn
Ireland
imited
uarantee
1644116
ountry of Incorporation
hares in issue
om
an
number
rincipal activity
IT Solutions
Not for Profit
rading
Com
an
NIA
rts Festival
Not for Profit
Donnant
om
an
tatus
hari
NIC101849
hari
NIC100544
hari
IC107782
Dormant
NIA
Chari
number
ggregate reserves at
1 March 2023
urplusl(deficit) for the
ear ended 31 March
023
79,269
5 543,031
748,014
151.290
£2,014
82,967
£77.137
71,036
18. Credltors: amounts falling due within one year
2023
2022
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Social seGurity and other taxes
Other creditors
15.995
57.983
12.741
17.303
35,516
47.990
12.730
24,398
7,242
104,022
127,876
19. Penslons and other post retirement beneffts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
ontribution plans was £29.089 {2022: £29.429).
29

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
20. Analysls of charitable funds
Unrestrlcted funds
At
1 April 2022
At31
Transfers March 2023
Income Exp8nditur8
General funds
134,428
15.508
(10.617)
{1,456)
137,863
At
1 April 2021
At31
Transfers March 2022
Income Expenditure
General funds
137,002
5,727
(8.301)
134.428
Unrestricted funds notes
Goneral Fund
This fund is the result of the charitys strategic objective to establish reserves which equate to
between 25 /0 and 50 % of annual administration overheads. The aim is to provide sufficient
funds to cover any unforeseen costs which may arise. as well as allowing for the payment of any
liabilities which would arise should the charity cease to operata.
Restricted funds
At
1 April 2022
At31
Transfer5 March 2023
Income Expenditure
Education small grants
Tourism small grants
Urban Regeneration
small grants
Arts small grants
Other Projects
Dfc Delivering
Regeneration
SIF BE Comm
Education
Urban Village
Scaffolding project
Urban Village Early
Learning project
BCC City Connections
project
BCC Holiday Hunger
ritanic Foundation
Other Education
HLF Ea5tside Lives
CFNI East Belfast
Housing Lab
TEO Family to Family
East
BCC Eastival
Ardbarron Trust
7,714
1.954
12,996
6,304
(18,308)
2,402
9,714
1.456
22,507
3,605
49,230
16,159
10,326
16,958
(12,924)
(11,269)
(8,099)
25.742
2,662
58.089
172,625
(172,625)
349
48,000
(48,339)
10
3,933
21,133
(24.259)
807
37,464
50,000
(50,000)
37,464
30

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
20. Analysls of charilable funds (eontlnu8d)
Dep't of Foreign Affairs
& Trade: Reconciliation
Fund
Dept for Education
WRAP Project
Save the Childr8n
Crisis Fund
Big Lottery Centenary
Programme
BCC Business Cluster
BCC Locality Planning
Urban Village
Programme Assistance
BCC Covid Recovery
EBCDA Covid Education
Support
Social Enterprise Covid
Fund
BCC WBP Support
DFC Arts
Ubran Village Strat
Tourism
Dormant Accounts Fund
Nl
BCC Carew Healthy
Comm
BCC Diversionary
BCC Arts People Make
East
BCC LPF Tackle Access
Tourism Nl GB Website
UV East Recover
Comms
Belfast Harbour
Rank Foundation
Newlownards Road
Strategic Plan
160,118
17.211
(160,648)
(17.1571
(530)
31,125
31,071
30,000
(20.000)
(10.000)
66.491
(15,608)
50.883
38,627
(38.627)
34,000
(16.161)
17,839
5,000
10,000
15,000
224.318
639,457
(614.024)
1,456
251.207
31

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
20. Analysls of charitable funds (Continued)
At
1 April 2021
At31
Transfers MarGh 2022
Income Expenditure
Education small grants
Tourism small grants
Urban Regeneration
small grants
Arts small grants
Other Projects
Dfc Delivering
Regeneration
SIF BE Comm
Education
Urban Village
Scaffolding project
Urban Village Early
Learning project
BCC City Connections
project
BCC Holiday Hunger
Titanic Foundation
Other Education
HLF Eastside Lives
CFN l East Belfast
Housing Lab
TEO Family to Family
East
BCC Eastival
Ardbarron Trust
Dep't of Foreign Affairs
& Trade: Reconciliation
Fund
Dept for Education
WRAP Project
Save the Children
Crisis Fund
Big Lottery Centenary
Programme
BCC Business Cluster
BCC Locality Planning
Urban Village
Programm8 Assistance
BCC Covid Recovery
EBCDA Covid Education
Support
Social Enterprise Covid
Fund
62.512
8,147
(21.429)
49,230
169.759
(169,759)
1.059
1,059
10
38.000
(37.661)
349
6,147
34.590
(36,804)
3,933
39,664
(2,841)
8,962
12,409
(48)
55.000
3.000
(57,200)
(159)
37,464
8,962
(12,409)
(48)
4.099
4,099
3.536
3,507
1.331
3,536
3.507
938
2.000
(2,393)
6,823
(6,823)
159,583
(159,583)
31.071
1,015
31,071
2,241
2,500
(1,274)
10,000
20.000
8.708
(10,000)
(25,000)
(6,390)
5,000
2,318
3.000
5.000
(3,000)
(588)
(4,412)
270
270
7,000
7.000
32

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnuod)
Year ended 31 March 2023
20. Analysls of charitable funds (eontinutd)
BCC W3P Support
DFC Arts
Ubran Village Strat
Tourism
Dormant Accounts Fund
Nl
BCC Carew Healthy
Comm
BCC Diversionary
BCC Arts People Make
East
BCC LPF Tackle Acce5S
Tourism Nl GB Website
UV East Recover
Comms
Belfast Harbour
Rank Foundation
Newtownards Road
Strategic Plan
10.624
32.304
(5.3121
(32.304)
5.312
20,000
(20.000)
75,000
(8,509)
66.491
(4,9441
(77.090)
77.090
8,400
8.073
(8,3021
(7.OOOJ
(6.9601
98
1.073
(6,960)
14.844
2.375
(14.844)
2.375
263,750
696,305
(735,737)
224.318
33

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (Gontinuod)
Year ended 31 March 2023
20. Analysls of charitable funds (contInU￿)
Restrlcted fvnds note
Department for Communlties - Delivering Effective Regeneratlon
This represents the Contract for Funding between the company and the Department for
Communities in order to deliver a regeneration strategy in east Belfast.
Department of Education -'Wrap around. edu¢atlonal support programme
Funding provided by DE in order to run an educational support programme in east Belfast
targeted at young people facing significant challenges.
Belfast City Council - City Connections
Funding provided by Belfast City Council in order to facilitate a tourism development and
capacity building programme in east Be￿aSt.
The Executive Office - Strategic approach to tackling poverty (Scaffolding)
Funding provided by the Executive Office under the Urban Villages programme in order to fund a
part-time staff member in the Scaffolding project. which addresses areas such as holiday hunger
and safe shared spaces.
The Executive Office - Early leaming project
Funding provided by the Executive Office under the Urban Villages programme in order to fund a
series of events in areas such as smoother transitions, a reading fair, and other 8ducational
training.
The Executlve Office - Programme assistance
Funding provided by the Executive Office under the Urban Villages programme with the aim of
providing marketing, communications and community engagement support.
The Executive OITice - Eastside tourism strategic development
Funding provided by the Executive Office under the Urban Villages programme with the aim of
5UPPOrting the development of a strategic approach to tourism in the Eastside area.
Save the Children
A contract to provide early learning Community support in east Belfast.
National Lottery Community Fund (Domiant accounts) - Organisational change
Funding provided by the National Lottery Dormant aGGounts Nl fund in order to support a review
of organisational structure and strategy. lo inform the implementation of measures to build
capacity, sustainability, and resilience under the new organisational leadership.
Belfast Clty Councll Comrnunlty dlversionary festival fund - Eastlval
Funding provided by Belfast City Council in order to run a summer diversionary festival in
conjunction with several community partner organisations in 8ast Belfast.
Tourism Northern Ireland - George Best House webslts
Funding provided by Tourism Northern Ireland in order to support the development of a
dedicated website to showcase the George Best House.
The Rank Foundation - Volunteer development
Funding provided by the Department for Communities via the Rank Foundation to support the
costs of employing a volunteer Cowordinator.

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Ststements (contlnu•d)
Year ended 31 March 2023
20. Anatysis of charitable funds (eontinuedj
Other Projects
Restricted grants awarded to the Company to complete specific projects.
21. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors lass than 1 year
Not assets
532
532
308,327
492,560
(57.652) (104,022)
251.207
389,070
184.233
(46.370)
137.863
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
11,074
11.074
279,164
475,548
(65,920) (127,876)
224,318
358.746
196.384
(61,956)
134.428
22. Taxation
The Charity's activities fall within the exemptions afforded by the provisions of the Income and
Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
23. Analysls of changes In net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank and In hand
Debt due within one year
216.638
(47.990)
168.648
57.458
{9.993)
47,465
274,096
(57,983)
216,113
24. Contingencies
A contingent liability exists to repay grants ￿ceiVed should certain conditions not be fvlfilled by
the charity. In the opinion of th& Trustees, the temis of the letters of offer have been. or will be,
complied with and no liability is expected.
35

Eastside Partnership
Company Llmlted by Guarantee
Notes to the Financial Statements (conllnu•dJ
Year ended 31 March 2023
25. Related parties
There were no related party transactions incurred during tha year.
36