COMPANY REGISTRATION NUMBER: N1031146
CHARITY REGISTRATION NUMBER: 102099
Eastside Partnership
Company Limited by Guarantee
Financial Statements
31 March 2024
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 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent auditor's report to the members
11
Statement of financial activities (including income and
expenditure account)
17
ststement of financial position
18
Statement of cash flows
19
Notes to the financial statements
20

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law. present their report and the
financial ststements of the charity for the year ended 31 March 2024.
Reference and administratlve detalls
Registered charity name
Eastside Partnershlp
Charity registratlon number
102099
Company registration number N1031146
Prlnclpal offlce and reglstered Avalon House
office
278-280 Newtownards Road
Belfast
BT41HE
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 Bell
L Feeney
S Burns
F Bell
B Anderson
H Buick
T Ripley- McElvogu8
M Stewart
R Brooks
(Resigned 1 September 2023)
(Resigned 1 September 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 9 June 2023)
(Resigned 9 June 2023)
(Resigned 9 June 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)
(Appointed 1 December 2023)

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {continued)
Year ended 31 March 2024
Reference and administrative details
Company secretary
Tony Wilson
Auditor
Finegan Gibson Ltd
Chartered accountants & ststutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers
AIB
11-15 Donegall Square North
Belfast
BT15GB
Solicitors
Hewitt and Gilpin
8 High Street
Holywood
Co. Down
BT18 9AZ

Eastside Partnership
Company Limlted by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report) (continued)
Year ended 31 March 2024
Structure. governance and management
Govemlng Document
Eastside Partnership is a Company Limited by Guarantee and is a Charity recognised by the Charty
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 governed under its Articles of Association.
Appolntment 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 Belfast area,
and the Director of East Belfast Community Development Agency.
Political representatives - 3 elected representatives from Belfast City Council and one e18Cted
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 representatives - up lo 4 nominations.
Trustee induction and training
A trustee induction process is in operation.
Arrangements ftir settlng pay and remuneratlon 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 the charity in charge of directing and
controlling, running and operating the charity on a day to day basis. All directors give of their time
freely and no director received remuneration in the year. Details of directors, expenses and related
party transactions are disclosed in note 14 to the accounts.
The pay of the senior staff is set by r8ference to NICVA guidance and utilisation of NJC pay scales. In
view of the nature of the charity, the diredors benchmark against pay levels in other similar size
charities when appointing new members of key management.
Organisatlon structure and how charity makes decisions
Eastside Partnership is govemed by a Board of Directors. The charity is managed on a day to day
basis 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 progres5 reports to all board meetings.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure, governance and management {contlnuedJ
Audit and Risk Commlttee
The ARC was set up in 2017 by the ESP Board in order to support them in thelr responslbilities
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 Ihan 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 the
charity and who will bring relevant skills and expertise to tt.
Pmject committees/boards
For each of the key delivery projects. specific objectives are set by the board I committee for each
project. and reported against on a quarterly basis to the partnership board. A stralegic business plan
for each project I subsidiary company is also presented to the board.
Neighbourhood Partnerships
The Partnership previously established two neighbourhood partnerships- Inner East Neighbourhood
Partnership and Tullycarnet Neighbourhood Partnership. The Neighbourhood Partnerships are in the
form of 'coalitions of interesv. with a memorandum of understanding belween the Partnership and the
two Neighbourhood Partnerships. This memorandum forms the basis of the relationship, support and
facilitation provided by the Partnership.
Subsidiary Companies
The Partnership have 5 wholly-owned subsidiary companies as follows:
•Avec Solutions Limited
a trading company providing web design and hosting services to the
voluntary, community and private sectors.
•EastSide Property - a charitable propety development company which acquires and brings back into
use unused and derelict properties and seeks to make that accommodation available for
organisalions. individuals and companie5 making a positive contribution to the community.
•EastSide Greenways - a charitable company which was established to promote and support the use.
enjoyment and sustainability of the Connswater Community Greenway.
.EastSlde Arts - a company which seeks to promote the development of Arts actlvities in East Belfast.
.EastSide Tourism - a company which seeks to advance the education of the public regarding 8ast
Belfast's artistic. industrial. political and social heritage.
Relationships with related Pa￿eS
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) (contlnued)
Year ended 31 March 2024
Structure. governance and management (CDntlnuedJ
Risk management
The company aims to mitigate the major risks it faces by implementation of the following procedures:.
.Significant extemal risks to fijnding have led to the development of a strategic plan which clearly
identifies funding requirements going forward.
.Intemal control risks are minimised by the implementation of procedures for authorisation of all
transactions with a financial implication.
•Maintenanc8 of a company risk register, which is reviewed at meetings of the Audit and Risk
Committee.
Objectives and activities
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 benefit") by all or any of the following means:
.Design, promote, implement and evaluate slrategies concemed 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 practice. in the fields of urban
regeneration and community development.,
.Engage with. promote co-operation among. and establish strategic partnerships be￿een 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 Ihe area of benefiL
•Such other charitable means as may from time to time be determined.
(2) Advan￿ the arts, including promoting and organising perfomiances and events which improve
public access to andlor participation in the arts.
(3) Advance education for Ihe 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 hamiony. social
cohesion and equality and diversity.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu8d)
Year ended 31 March 2024
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 services delivered to the public and in the efficiency and effectiveness
of agencies delivering services to the public as a consequence of enhanced knowledge and
understanding of the problems, obstacles and potential solutions.- heightened molivaÉion,' improved
inter-agency co-operation. cTrordination and partnership working- and stronger inter-action bel￿een
these agencies and the community.,
.Improved physical appearance of the built environment. resulting in a raising of people's sense of
quality of life, well-being and aesthetic appreciation of their surroundings.
•Enhanced opportunities for employment and training for residenls living in economically and socially
deprived areas and consequently a reduction in poverty. unemployment and hardship.
The public benefits that flow from purpose (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
activtties and events taking place-
.Enhanced quality of life and sense of well-being through engagement with and participation in
creative artistic events and activities,.
.Renewed enthusiasm for and belief in the arts as a means of expression and fulfillment.
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 8conomic deprivation
The public benefrt that flows from purpose (4) is:
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.

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu8dJ
Year ended 31 March 2024
Achievements and performance
Report on activity 2023-24
Eastside Partnershlp, for reasons of effectiveness and good govemance, deltver 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 staff are also involved in supporting and
coordinating the activities of all companies within the group.
The main benefits of our activtties 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 Property. and separately reported
there. Examples of services provided directly 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 and managing the heritage hub at Templemore Baths, which commenced in
July 2023.
b) Improvement in the quality of services delivered to the public and in the efficiency and effectiveness
of agencies delivering servi￿$ to the public as a consequence of enhanced knowledge and
understanding of the problems, obstscles and potential solutions; heightened motivation-, improved
inter-agency co-operation, co-ordination and partnership working; and stronger inter-action between
these agenGie5 and the communty;
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 Renewal Partnership and
Tullycarnet Neighbourhood Partnership and through working with The Ex8CUtIV8 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 appreciation of their surroundings-,
We continue to work with Belfast City Council to ensure C.S. Lewis squa￿ and the Connswater
Community Greenway is maintsined as a high quality facility for local residents. which has enhanced
the physical appearance of this part of inner East Belfast, with heavy use by local residents and
visitors alike and an increase in physical activity. We continue to lobby for further greenway
development in east Belfasl through the Eastside Greenways strategy to contribute to the ongoing
physical regeneration of of the area.
d) A broadening of understanding 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 appreciat8, 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 fun days and live music such as part of Eastside Art5

Eastside Partnership
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conllnued)
Year ended 31 March 2024
Festival in July and the Eastside July Weekender, both showcasing in thriving and tslented artistic
community.
e) Increased opportunities for the public to access Ihe arts as a result of an extended range of arts
activities and events taking place:
We continue to deliver an all y8ar round community arts programme with a focus on local venues and
opportunities which 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 new project called 'Creative Citizens, began with three
main elements. the first will involve extensive research into what is currently available creatively in
east Belfast and to identify the barriers to participalion in arts and creative activities in the area. Th8
second will use the research to inform the 'Everyday Creativity, project, a project which will encourag8
People across east Belfast to enjoy moments of creativty as they go about their daily lives. The third
element of the programme will be the development and implementation of a training programme which
will provide professional development opportunities and support creative career paths for people in
east Belfast.
We delivered the Eastside Arts Festival and C.S. Lewis Festival with programmlng to celebrate
'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 activity 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 th8 arts as a means of expression and fulfillment:
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 experien￿d.
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, improv8 educational
attainment and develop community and statutory relationships for the benefit of children and families.
Examples of this include the Eastside Early Years Network. Forest Schools 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 with the arts. tourism and
regeneration initiatives be￿een 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 cent￿ has also opened up an entirely new 'shared space, with
diverse programming to meet the needs of many people from many different 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 Directorfs Report) (conllnued)
Year ended 31 March 2024
Financial revlew
The results for the year are set out in detail on pages 17 10 34. The company returned net
incomel(expenditure) for the year of £4.909 (2023'.£30,324). At 31 March 2024, the total funds of the
charity amounted to £393,979 (2023.. £389.070), comprising restricted funds of £236,878 (2023..
£251,207) and unrestricted funds of £157,101 (2023: £137,863).
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 current
levels of income are not maintained.
Investment powers and policy
Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be
spent in the short term so ther8 are few funds for long tenn investment. The directors. having regard to
the liquidity requirements of the organisation and to the reserves policy have operated a policy of
keeping available funds in an interest bearing deposit account.
Reserves policy and going Concern
A policy has been implemented by the company in order to recognise the charity'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 between 25Yo 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 cease to
operate.
Plans for future periods
The charity plans continuing the activities 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 forthcoming year.
Trustees. responsibilities staternont
The trustees, who are also directors for the purposes of company law, are responsible for preparing
Ihe trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charty twstees to prepare financial statements for each year which give a
true and fair view of the stste of affairs of the charitable company and the incoming r8sources and
application of resources, including the income and expenditure, for that period.

Eastside Partnership
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continueo)
Year ended 31 March 2024
In preparing these financial statements, the trustees are required lo..
select suitable accounting policies and then apply them consistently",
observe the methods and Principles in the applicable Charities SORP.,
make judgmen15 and accounting estimates that are reasonable and prudent-
prepare the financial statements on the going concern basis unless it is inappropriate lo presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the Charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them lo ensure that the financial slalemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen¢e
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee al the date of approval of this report confirms that..
so far as they are aware, there is no relevant audit information of whi¢h the Charity's auditor is
unaware". and
they have taken all steps that they ought to have taken as a Iru51ee lo make themselves aware of
any relevant audit information and to establish that the Charity's auditor is aware of that
information.
Small Gompany provislons
This report has been prepared in accordance with the provisions applicable to companie5 enlilled to
the small companies exemption.
The trustees, annual report was approved on 6 December 2024 and signed on behalf of the board of
trustees by..
Tony Wilson
Charity Secretary
10

Eastside Partnership
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership
Year ended 31 March 2024
Oplnlon
We have audrted the financial statements of Eastside Partnership (the 'charity') for the year ended
31 March 2024 which comprise the statement of financial activities (including income and expenditure
account), statement of financial position, statement of cash flows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources. including its income and expenditure, for the
year than ended:
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards 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
statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small
entities. in the circumstances set out below. and we have fulfilled our other ethical responsibilities in
accordance with these requiremants. We believe that the audlt e￿dence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concem
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
events or conditions that. individually or collectively. may cast significant doubt on the charity's ability
to continue as a going con￿rn for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilitie5 and the responsibilities of the trustees with respect to going concem are described
In the relevant sections of this report.
11

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastslde Partnership (¢ontinued)
Year ended 31 March 2024
Other information
The other information comprises the infomiation included in the annual report. other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and. except lo the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
infomiation 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 apparenl material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
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 this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion. based on the V￿rk 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 trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
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 misstatements 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 if. in our opinion:
adequate accounting records have not been kept. or returns adequate for our audit have not
been received from branches not visited by us; or
the financial ststements are not in agreement with the accounting records and returns; or
certain disclosures of trustee5' remuneration specified by law are not made: or
we have not received all the information 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 advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
12

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership (contlnued)
Year ended 31 March 2024
Responsibllltles of trustees
As explained more fully in the trustees, responsibilities statement. the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they gtve a true and fair view, and for such internal control as
the trustees detemiine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concem, disclosing, as applicable, matters related to going concern and using the
going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations. or have no realistic alternative but to do so.
13

Eastside Partnership
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Partnership (continued)
Year ended 31 March 2024
Auditor's responslbllltles for Ihe audit of the financlal statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole
are free from material misstatement, whether 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 with 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 influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misststements 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, remuneralion. bonus levels and
performance targets.
results of our enquiries of management about their own identificalion and assessment of the risks
of irregularities;
any matters we identified having obtsined and reviewed documentation of their policies and
procedures relating to:
identifying, evaluating and complying with laws and regulations and whether
management were aware of any instances of nonwcompliance.,
detecting and responding to the risks of fraud and whether management have knowledge
of any actual. suspected or alleged fraud.,
the internal controls established to mitigate risks of fraud or non-compliance with laws
and regulations.
the matters discussed among the audit engagement team including significant component audit
teams and relevant internal specialists. including tax and valuations specialists regarding how and
where fraud might occur in the financial statements and any potential indicators 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 ￿qUired to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory 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 staternents. The key laws and regulations we considered in
this context included ongoing compliance with 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.
14

Eastside Partnership
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Eastside Partnership feontinued)
Year ended 31 March 2024
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, wheth8r due to
fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion. forgery. intentional omissions. misrepresentations, or the override
of intemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. but not for the purpose of expressing an
opinion on the effectiveness of the intemal 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 charitys ability to continue as a going
concem. If we conclude that a material uncertainty exists. we are required to draw attention in
our auditofs 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 concern.
Evaluate the overall presentstion. structure and content of the financial statements, including the
disclosures, and whether the financial statements represent th8 underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding. among other matters. the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
intemal control that we identify during our audit.
15

Eastside Partnership
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Eastside Partnership (conllnuod)
Year ended 31 March 2024
As explained more fully in the Trustees, Responsibilities Statement (set out on page 9), the trustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view. Our responsibility is to audit and express an opinion on the financial statements in
accordance with applicable law and Intemational Standards on Auditing (UK). Those standards
require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,, in
the circumstances set out in note 27 to the financial statements.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitvs members those matters we are required to state 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 charitys 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
g James Street South
Belfast
BT2 8DN
6 December 2024
16

Eastside Partnership
Company Limited by Guarantee
statement of Financial Activities
{including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Totsl funds
2023
Unrestricted
fijnds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
5.651
39,056
23,553
648
2,135
630,441
11,205
7.786
669.497
34.758
648
7,607
592,920
54,332
106
Total Income
68,908
643,781
712,689
654,965
Expenditure
Expenditure on raising funds:
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
(12,282)
(3,241)
(15,523)
(14,868)
(37,388) (654,869) (692.257) 1609.773)
(49,670) (658.110) (707,780) (624,641)
10
Net income and net movement in funds
19,238
(14,329)
4,909
30,324
Reconciliation of funds
Total funds brought forward
Total funds carried forward
137,863
251,207
389,070
358,746
157,101
236,878
393.979
389,070
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 20 to 34 forni part of these financial slatements.
17

Eastside Partnership
Company Limited by Guarantee
ststement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
15
266
532
Current assets
Debtors
Cash al bank and in hand
16
211,119
347,120
218.464
274,096
558.239
492.560
Creditors: amounts falling due within one year
Net current assets
19
164,526
104.022
393,713
388,538
Total assets less current Ilabilitles
393,979
389.070
Net assets
393,979
389,070
Funds of the charity
Reslricled funds
Unreslricled funds
236.878
157,101
251,207
137.863
Total charity funds
21
393,979
389,070
These financial slalemenls have been prepared in accordan￿ with the provisions applicable to
companie5 subject lo the small companies, regime.
These financial s121ements were approved by the board of trustees and authorised for issue on 6
December 2024, and are signed on behalfof the board by..
rL
The notes on pages 20 to 34 fomi part ofthese financial ststements.
18

Eastside Partnership
Company Limited by Guarantee
statement of Cash Flows
Year ended 31 March 2024
2024
2023
Note
Cash flows from operating activities
Net income
4.909
30,324
Adjustments for..
Depreciation of tsngible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued expenses
266
{648}
6,855
116
11.339
(106)
660
11
Changes in..
Trade and other debtors
Trade and other creditors
7,345
24,111
40,446
(33,858)
48,816
Cash g8nerated from operations
42.954
Interest paid
Interest received
(6,855)
648
(660)
106
Net cash from operating activities
36,747
48,262
Cash flows from Investlng actlvltles
Purchase of tangible assets
Net cash used in investing activities
(797)
(797)
Cash flows from flnancing activities
Proceeds from loans from group undertakings
Net cash from financing activities
1,681
9.993
1,681
9,993
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equlvalents at end of year
38,428
274,096
57,458
216,638
18
312,524
274,096
Thè notes on page3 20 to 34 fonn part of these fjnancial statsments.
19

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is Avalon House. 278-280 Newtownards Road. Belfast, BT4 1 HE.
statement of compliance
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 Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabillties 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 uncertalnty
The preparation of the financial statements requires management to make judgemenls,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experien￿ and other factors. including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by Ihe 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 sub-classes: restricted income funds or
endowment funds.
20

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (contlnu•dJ
Incoming resources
All incomlng resource5 are included in the statement of financial activities when entitlement has
passed to the charity- it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income-
income frorn donations or grants is recognised when there is evidence of entitlement to the
gift, reGeipt 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.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fvlly recovered, and is classified under headings of tha statament of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fvndraising activities. 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
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resourc8. Dir8Ct costs
attributable to a single activity are allocated directly to Ihat activity. Shared costs are apportioned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
21

Eastside Partnership
Company Limited by Guarantee
Notes to the Financlal Statements (¢ontinued)
Year ended 31 March 2024
Accounting policies (contlnued)
Tangible assets (contlnuedj
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
eX￿pt to which it offsets any p￿VIouS revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
D8pr8ciation 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
330/0 Straight line
Impaimient of fixed assets
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 th8 purposes of impairment testing. when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the
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 testing 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 benefit from
the synergies of the combination. irrespective of whether olher assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised onty when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
22

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies (contlnuodj
Financial instruments (¢ontlnued)
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 derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business tenns or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
other financial instruments are subsequently measured at fair value. with any changes
recognised in the statement of financial activities. with the 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 impaimient at the end of each reporting date. If there is objective evidence of impairment. an
impairment loss is recognised under the appropriate heading in the statement of finanGial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impaimient are recognised immediately. to the 8xtent 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 impaimient not previously been recognised.
Defined contrlbullon plans
Contributions to defined contribution 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 exient
that the prepayment will lead to a reduction in future payments or a cash refund.
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 recognised as an expense in
the period in which it arises.
Llmlted by guarantee
The charity is a company limited by guarantee and every memb8r 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 required not exceeding £1.
23

Eastside Partnership
Company Limited by Guarantee
Notes to the Financlal Statements (Continued)
Year ended 31 March 2024
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations
Donations from subsidiary
1.793
3.858
2,135
3,928
3,858
5,651
2,135
7,786
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
Donations from subsidiary
2.193
2,193
5,414
5,414
5,414
2.193
7,607
Charitable activltles
Unrestricted
Funds
RestriGted Total Funds
Funds
2024
Department for Communities
Belfast City Council
The Executive Office
Department of Education
Tourism Nl
National Lottery
Rank Foundation
GLL
CFNI- Artemis
other Projects
165,403
134.123
86,000
169,000
165,403
134,123
86,000
169,000
29.615
29.615
39,056
45,000
1,300
39,056
45.000
1.300
39.056
630,441
669,497
24

Eastside Partnership
Company Llmited by Guarantee
Notes to the Financial Statements fcontinuedj
Year ended 31 March 2024
Charltable activities (contlnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Department for Communities
Belfast City Council
The Execulive Office
Department of Education
Tourism Nl
National Lottery
Rank Foundation
GLL
CFNI- Artemis
other Projects
172,625
106,249
102,133
160,118
5,504
3,950
34,000
172,625
106.249
102.133
160.118
5.504
3,950
34,000
8.341
8,341
592.920
592.920
Other tradlng activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Third party recharges
Eastside Greenways
Ticket sales
Room Hire
Tours Income
19,730
11.205
30.935
458
3,365
458
3.365
23,553
11,205
34.758
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Third party recharges
Eastside Greenways
Ticket sales
Room Hire
Tours Income
2.751
1.675
5.562
44.344
47.095
1.675
5,562
9,988
44,344
54.332
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest
648
648
106
106
25

Eastside Partnership
Company Limited by Guarantee
Notes to the Flnancial Statements (c¢￿tInued)
Year ended 31 March 2024
Costs of other trading activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
IT support
Renvserviced Office
Training
Project costs
Marketing
Support costs
Meeting expenses
663
663
1,114
1,114
5,944
5,944
1,076
1.502
5,224
15.523
1.076
1.502
5,224
12.282
3,241
Unrestricted
Funds
Restricted Total Funds
Funds
2023
IT support
Renvserviced Office
Training
Project costs
Marketing
Support costs
Meeting expenses
720
1,500
48
6,875
720
1,500
48
9,670
2,795
1.436
1,494
1,436
1,494
12,073
2,795
14,868
10. Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Totsl funds
2024
Total fund
2023
Urban Regeneration Neighbourhood
Renewal Activities
Arts activities
Education activities
Governance costs
358,876
65,243
213,103
50,625
409,501
65,243
213,103
4,410
330,301
49,896
225,376
4,200
4,410
637,222
55,035
692,257
609,773
26

Eastside Partnership
Company Limited by Guarantee
Notes to the Flnancial Statements (continued)
Year ended 31 March 2024
11. Analysis of support costs
Urban
Regeneration
Activities Total 2024 Total 2023
staff costs
Premises
Communications and IT
Finance costs
Governance costs
39.065
8.680
2.880
39,065
8,680
2.880
41.615
9.452
2,160
1,437
4,200
4.410
4,410
55.035
55,035
58.864
12. Net income
Net income is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
Fees payable for the audit of the financial ststements
266
4,410
11,339
4,200
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
Other employee benefits
312,774
36,176
29,576
20,081
398,607
285,463
37,292
29,089
351,844
During the year there were redundancy payments made of £20.081.
The average head count of employees during the year was 15 (2023: 12).
No employee received employee benefits of more than £60.000 during the year (2023.. Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activitie5 of the charity. The total compensation paid to key
management personnel for services provided to the charlty was £204.088 (2023:£255,337).
14. Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits from employment with the
Charity in the year (2023: £Nil). No charity trustee received payment for professional or other
services supplies to the charity (2023: £Nil).
27

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
15. Tangibl8 fixed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 April 2023 and 31 March 2024
Depreclatlon
At 1 April 2023
Charge for the year
At 31 March 2024
18,763
35,110
51,873
16.763
34.578
266
51.341
266
16,763
34,844
51,607
Carrying amount
At 31 March 2024
266
266
At 31 March 2023
532
532
16. Debtors
2024
2023
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
15,145
74,674
121,300
211,119
13,487
91,739
113,238
218.464
28

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Investments
The company is the sole member of Eastside Greenways, Eastside Arts, Eastside Propety
Belfast, Eastside Tourism and Avec Solutions Limited.
All companies are incorporated in Northem Ireland and are limited by guarantee. They are
considered to be subsidiary undertakings of Eastside Partnership by virtue of the fact that the
company is the sole member of each subsidiary undertaking.
The additional information required in respect of the subsidiary undertakings of the company is
iven below:
Avec
Solutions
Limited
Northem
Ireland
Limited
Guarantee
N10345540
Eastside
Property
Belfast
Northem
Ireland
Limited
uarantee
N1034475
Propety
Development
Not for Profit
EastSid8
Greenwa
Northern
Ireland
imited
uarantee
N1615294
Promotion o
reenway
Not for Profit
Eastside
Arts
Eastside
Tourism
orthern
Ireland
imited
uarantee
1644116
ountry of Incorporation
orthem
Ireland
imited
uarantee
1628773
hares in issue
om
an
number
Principal activity
IT Solutions
Not for Profit
rading
om
an
NIA
Festival
Not for Profit
ormant
om
an
tatus
har
NIC101849
hari
NIC100544
hari
IC107782
Domiant
IA
hari
number
ggregate reserves at
1 March 2024
urplusl(deficit) for the
ear ended 31 March
024
£79.374
£5,740,951
£635 725
£201,617
£105
£197,920
£112,289
£50.327
18. Cash and cash equivalents
Cash and cash equivalents comprise the following..
2024
2023
Cash at bank and in hand
Bank overdrafts
347.120
(34.596)
312,524
274.096
274.096
19. Credltors: amounts falllng due wlthin one year
2024
2023
Bank loans and overdrafts
Trade creditors
Amounts owed to group undertakings
Accruals and deferred inconie
Social security and other taxes
other creditors
34,596
23.967
59,664
12,857
28,882
4,560
164.526
15.995
57.983
12.741
17,303
104,022
29

Eastside Partnership
Company Llmlted by Guarantee
Notes to the Financial Statements feontlnu8d)
Year ended 31 March 2024
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defin8d
contribution plans was £29,576 {2023'. £29,089).
21. Analysls of charitable funds
Unrestrictsd funds
At
1 April 2023
At31
Transfers March 2024
Income Expenditure
General funds
137,863
68,908
(49.670)
157.101
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
General funds
134.428
15,508
{10.617)
(1.456)
137,863
Unrestncted funds notes
General Fund
This fund is the result of the charity's strategic objective to establish reserves which equate to
be￿een 25Q/o and 500/0 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 operate.
Restrlcted funds
At
1 April 2023
At31
Transfers March 2024
Income Expenditure
Education small grants
Tourism small grants
Urban Regeneration
small grants
Arts small grants
Other Projects
2,402
9.714
2.402
9.714
25,742
2,662
58,089
(7,133)
18.609
2.662
62.617
14.640
(10.112)
30

Eastside Partnership
Company Llmited by Guarantee
Notes to the Financlal Statements (contsnued)
Year ended 31 March 2024
21. Analysis of charitable funds (contlnued)
At
1 April 2023
At31
Transfers March 2024
Income Expenditure
Dfc Delivering
Regeneration
Urban Village
Scaffolding project
Urban Village Early
Learning project
BCC City Connections
project
Dept for Education
WRAP Project
Save the Children
Urban Village Strategic
Tourtsm
Dormant Accounts Fund
Nl
BCC Diversionary
Rank Foundation
BCC CFF CSLF
Newtownards Road
strategic Plan
BCC Carew Running
Costs
BCC July Weekender
CFNI-Artemis
165,403
(165,403)
10
46,000
(46,000)
10
807
20,000
{20,000)
807
37,464
50,000
(50,000)
37.464
(530)
31,125
169,000
(168,470)
{174)
30,951
20,000
(20,000)
50.883
(50,8831
17.839
29,615
6,915
(26.638)
(6.915)
20.816
15,000
(9.174)
5,826
18.880
58,328
45,000
643.781
(18,880)
(58,328)
45.000
251.207
(658.110)
236.878
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
Education small grants
Tourism Small grants
Urban Regeneration
small grants
Arts small grants
Other Projects
Dfc Delivering
Regeneration
Urban Village
Scaffolding project
Urban Village Early
Learning project
BCC City Connections
project
Dept for Education
WFiAP Project
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
160.118
(160.648)
(530)
31

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysls of charltable funds (¢on¢lnued)
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
Save the Children
Urban Village Strategic
Tourism
Domiant Accounts Fund
31,071
17,211
(17.157)
31,125
30,000
(20.000)
(10,000)
66,491
(15.608)
(38.627)
(16.161)
50.883
BCC Diversionary
Rank Foundation
BCC CFF CSLF
Newtownards Road
strategic Plan
BCC Carew Running
Costs
BCC July Weekender
CFNI-Artemis
38.627
34,000
17,839
5.000
10,000
15,000
224.318
639.457
(614,024)
1,456
251,207
32

Eastside Partnership
Company Llmited by Guarantee
Notes to the Financial Statements (¢ontinuedJ
Year ended 31 March 2024
21. Analysis of charitable funds (contlnued)
Restricted funds note
Department for Communities - Delivering Effective Regeneration
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, educational 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 Belfast.
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 learning 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 educational
training.
The Executive Office - Eastside tourism strategic development
Funding provided by the Executive Office under the Urban Villages programme with the aim of
supporting the development of a strategic approach to tourism in the Eastside area.
National Lottery Community Fund {Dormant accounts) - Organisational change
Funding provided by the National Lottery Dom)ant accounts Nl fund in order to support a review
of organisational structure and strategy, to inform the implementation of measures to build
capacity, sustainability. and r8silience under the new organisational leadership.
Belfast City Council Community diversionary festival fund - Eastival
Funding provided by Belfast City Council in order to run a summer diversionary festival in east
Belfast.
Belfast City Council Community Carew running costs
Funding provided by Belfast City Council in order to provide a contribution towards the running
costs of the Carew Family Cenlre community faGility.
Community Foundation Northern Ireland-Artemls
Funding provided by Artemis via CFNI in order to support Eastside Learning programme delivery.
The Rank Foundation - Volunteer development
Funding provided by the Department for Communities via the Rank Foundation to support the
costs of employing a volunteer co-ordinator.
Other Projects
Restricted grants awarded to the company to complete specific projects.
33

Eastside Partnership
Company Limited by Guarantee
Notes to the Financial Statements f¢ontinued)
Year ended 31 March 2024
22. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
266
266
257,761
558,239
(21,149) (164,526)
236,878
393,979
300.478
(143,377)
157.101
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
532
532
308,327
492,560
157,652) (104,022)
251,207
389,070
184.233
{46.370)
137,863
23. 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.
24. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
Bank overdrafts
Debt due within one year
274,096
73.024
(34,596)
(1.681)
36,747
347,120
{34,596)
{59,664)
252,860
(57,983)
216,113
25. Contingencies
A contingent liability exists to repay grants received should certain condition5 not be fulfilled by
the charity. In the opinion of the Trustees, the terms of the letters of offer have been, or will be,
Complied with and no liability 15 expected.
26. Related parties
There were no related party transactions incurred during the year.
27. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare
and submit returns to the tax authorities and assist with the preparation of the financial
statements.