WEI ST BELFAST ENTII RPRISE BOARD LIMITED
Report of tlie Trustees
FOR THE YEAR ENDED 31 DECEIVIBER 2022
The tn2slees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial slal¢men15 of the charity for the year euded 31 December 2022. The trustees have adopted the provisions
of A¢¢oullting and Reporting by Charities.. Statement of Recommended Practic¢ appli¢2ble to charities preparing their
accounts in accordance with the Financial Reporting Standard appli¢abl¢ in the UK ahd Republic of Ireland (FRS 102)
(effective l Janvary 2019).
OBJECTIVES AJ4D ACTIVITICI S
Objectives and ilms
The objectives of the eharil&ble company ar¢ the promotion for the benefit of the public of urban or n)ral regeneratiort
in oreas of social and economic deprivation and ID particular in West Belfast. but not exclusiv¢lyJ by all or any of the
following means:
(a) the relief of povety in such ways as may b¢ thoughi fit.
Ib) the relief of ullemploymellt in sucb ways as may be thought fit. including assistance to fmd employmcnt.
(c) Ihe advancement of education, training or retraining} particularly among unemployed peopl¢, providittg
un¢mployed people with work experience.
(d) th¢ provision of financiRI assist8n¢e, technical a8SlStanc¢ or busin&ss advice or consultancy in order lo provide
training 8nd employment opporhinities for unemployed peopl¢ in cases of fjnancial or other charitable n¢¢d through
help..
(i) in setting up their own business, or
(li) to ¢xisting business¢s'
(e) the creation of training and employment opportuttilies by the provision of workspace, buildings. an￿or land for us¢
oll favoui'able l¢rm5,'
To further such other purposes which ar¢ exclusively charitable under the law of Northern Ir¢lattd from time lo time by
providing grants (or other sneans deemed siiilable) lo Charities or other organi5ations or individuals as ihe dir¢¢tors in
Ih¢ir absolute discretion detemiine.
Our strategic vision is driven by our founding prin¢iples with a clear intent to deliver our commitTn¢nl of providing
quality solutions within a quality framework with our Gustomers and tenants.
Publie beneflt
The tnJ5tees have read and had r¢gard to th¢ Northern Ir¢lortd Cbaiity Con)mission's statutory guidance on Publi
beneftt.

WEST BELFAST ENTEI RPRISlt BOARD LIMITII D
Report of tlic Trustees
FOR THE YEAR ENDED 31 DECETh(BER 2022
STRATEGIC REPORT
Achieven]ent and performance
Charitable xctisryties
The f]nancial year of 2022 was one of Conlillued challenge due to the easing of Covid Pandemic restri¢tions and
downturn in the eeonotny bul was also coupled with some growth and success in th¢ company. The ¢otnpany
experienced considerable Ghallenges during the covid pandemic with a downtULD in customer spettding and the general
¢¢onon)ic environment. However, this was mitigated well, and the company assisted m8tLy t¢nants and companies
Ibroughoul the year lo ensure colltinued support.
In the year, we have fvrther d¢veloped our new social ellterprise, Roar and Explore, a children's indoor play facility
based in the Dairy Farni cenlre. We have added some new faciliti¢s and have expanded the range of services of the Lost
Level party and garning room.
Roar 8nd Explor¢ provide free educational activities ¢very Monday to Thursday, whi¢h al'e available to all children on
the premises, Th¢s¢ activiti¢s are learning through arts and crafts (Colin's crafts), learning through cooking and baking
(Ellie's ERIS), learnillg through stories. singing and dancing (Rami's Rhymes) and learning through sensory play (Tilly's
Twists). Th¢se sessions rn115 days per w¢ek, 5 sessions per day, wiib an averag¢ of 10 kids per session. This equates to
E4ppi0xin￿l¢1Y 12,000 children benefiting from thege educatiottal act&vities from January to December 2022.
Every morning we provide a dis¢ounted toddler morning entry rate and free loasl and juice for all the children. This
ensures the children are provided with something to eat and drink plus il encourag¢s their parents to bring them out of
the house to so¢ialize and play witli other ¢hildren of a similar age. Approximately 5500 childr¢n benefit¢d from this.
We offer a h¢avily discounted child minder enty ratc, as we know that being a childminder Can be quite a lonely fomi
of work. W¢ ¢urrently have 142 chilthninders regisleTed on this scheme. of which many are extremely regular users. It
gives them an opportuJ)ity 10 get out of the hous¢, in a safe environment for th¢ kids in their care to play, whilst they
8ocialise aDd meet up with likeminded people. 4700 ¢hildren benefited from thi8.
We also offer discount 2 for I discount for Perks card holders (primarily for Blue light Services) which w&8 availed of
approximately I300 times. free birthday passes to birthday children from which 541 children benefited and free entry
for slaff children which was used 175 times.
We provide discounted entry rates for nurserAes, schools, and Clubs. The ¢hildren that eome with Illese nurseries,
schools and clubs are also provided with free toast and juice, from which over 1500 children benefited.
We also provide free parties (play, juice, hot meal and de5s¢rt) Ibromgh various competitions and in support of lo¢al
community groups and clubs. 250 benefited from this. in addition to over 300 fite passes wliich were also pmvided to
local ¢ommunity groups, clubs and fundraisers.
We continued to grow and expand Pure Class Fitness, our social enterprÈse gym (purchased in 2020) lo create additional
jobs and lo also provide Oppo￿nItieS for personal ¢rgin¢r8 Ill th¢ area. The gym has also offered fr¢e classes, free
sessions and space to the local Community. It has also dollated many free gym memberships to local eottllnunlty
organisalions in th¢ area of social need. We have enhall¢¢d programmes to include yoga and mindfu]ness to ty to help
with the increasing mental h¢alth and rehabilitation issues in our immediate local community. W¢ have fomied several
partnerships with local mental health care providers to offer free and discounted fftemb¢r8hips rates.
The properties at Twin Spires: Boucher Business Studios and Dairy Farn have received upgtades with the attraction of
some n¢w busill¢sses to the site evert during the pand¢mic. These have included new groulld works. internal upgrades.
additional facilities such as el¢ctri¢ charging stations elc. W¢ have been working Closely with tenants throughout th¢
year to help support, sustain. develop and grow their businesses.
The training attd dev¢loprnent programmes foT the Company delivered on E23 initial business assessm¢nts' 64 business
plans for people startillg up in business, assistance lo 41 businesses who start¢d trading in the y¢ar' business advice alld
guidance to over 200 Glients.

WEST BEI LFAST ENTERPRISE BOARD LIMITED
Report of th¢ Trustees
FOR THE YEAR ENDED 31 DECEMBER 2022
We assisted 3 clients lo receive mentoring and 8UPPOrt in applying for an ENI loan fuiid. One of these clients has
received ongoing mentoring and support ftom us for a year. We assisted 35 existing business owners within the
con￿nUnIty with guidance and support with their business queries.
We assisted 156 clients in beginning the proGess of becoming self-employed and 59 clients in the process of choosing
the appropriate legal stn]cture and registering their business.
We have been involved in developing new progratnme with Nl Bxplor¢ Enterprise Support. This progratLme will be
airyled at members of the community who are currently economically snaclivc and will provide otte to one mentoring
and guidance in achieviag their goals of being ¢mployed or startillg up tbeir own business. Thts will begin in 2023.
W¢ a8sist¢d 22 Clients from past programmes with support to access additlollal progranLmes'. additional training and
dev¢lopment opportunitL¢5 and access to fAnan¢e,
We donated ov¢r 384 hours of free advice and rn¢nloring to tenants and individuals that could not be supported through
our programmes. This has rang¢d from mentoring. marketing sUPPOrt- business support and guidan¢e' and assistance
with access to finance and grant support.
Wesilink Ente￿riseS Lid has performed well financially attd has been on targct in lernis of financial r¢tum 8lld
occupancy levels. We have made some substantial improvements on tbe sile and the adjacent site including resurfacing
woiks and ¢onlinue lo re-invest back into the area. We also Yegularly liaise with community partners in the 8rea.
Flex Language S¢rvi¢es Ltd fa¢e-to-fa¢e job numbers have steadied itt 2022 due to the out working5 of ongoing
COVID-19 procedures within the public services that are demanding a differ¢nt way of illterpreling. This has resulted in
the number of telephone Inte￿reting assignthenls increasing. We hope that fa¢e to face job numbers will rise again in
2023 as the restrictions lift and public s¢rvices retsjm to office and with FLEX being awarded the colllract for face-to-
face Interpreting in the Public Sector for the Thext four years.
In 2022 FLEX concentrated on inte&Treter training having 9 training programmes for interyrel¢rs, amounting to Enor¢
thaTh 100 newky truin¢d interpreters in 17 different languages. This Interpreter training was upgraded from att endorsed
course to a qualification though the European Framework. FLEX hav¢ also concentt'at¢d on further CPD development
and investme￿t in tbeir inletpretcrs through all int¢ry)¥etels pei'ks programme. Flex also initiated & mental h¢alih
programme for intery)relers in partnersliip with Inspire.
OrtU8 Property Services has performed well in the year against projections and has solidified its manageinent contracts
across the board. W¢ have expanded the propety managemen¢ servi¢es in the year with a contra¢t to support Sl
Comgalls Social enterprise project. This managem¢nt contract has now been fully implemented in 2022 We have also
returned lo servi¢¢ witb Fire Pisk NI as we were able to access premises on¢¢ Covid Restrictions were eased.
We hav¢ added to the portfolio of properties with the purchase of tlLe site adjac¢nt to Westlink and 8r¢ planning further
dev¢lopment on that site. W¢ purchased Whiterock Business Park and have invested congiderably lo have th¢ llew park
(Cityview Business PaTk} opened. This has b¢en a vacant SAte for almost 20 years and we hav¢ ¢ompl¢l¢ly regen¢rated
the site, facilttaling the ¢realion of many new jobs ill all area of social and economic deprivation, Both tELese projects
became ￿llY operational ill 2022 and ar¢ providing a great servi¢e in those comtnunities.
We hav¢ also supported many Schools and charities in our community over 2022. These have ill¢luded a number of
Aisling bursaries lo people re-¢nlering or returning to education and leamuig) SUPPOrting local schools with sports
equipment. and supporliE]g local festivals and aclivitkes for children.

WEI ST BELFAST ENTERPRiSE BOARD LIMITED
Report of the Trustees
FOR THE YEAR ENDED 31 DECEMBER 2022
STRATEI GIC REPORT
Finaneial revleiv
Financial posRtion
The Consolidated Statement of Financial Activities for the year ended 31 December 2022 and Consolidated and
company Balance Shcets as at that date are shown itt the atta¢hed financial stat¢menls.
Total income for the y¢ar to 31 Dec¢mber 2022 is £3,075,588 (2021 £2,908,939 whicb is up £166,649 ott the prevLOU8
year.
Total expendi￿re for Ibe year is £2,712,953 (2021: £2,362,910) which is up £350,043 on the previous year.
Net surplus for the year before faiT value movement was £362,635 compared to nel surplus of £546,029 before fair
value movement, for the previous y¢ar,
Th¢ Ststement of Financial Position remains h¢althy with Net Assets in excess of £10 million, of which all but £7,406
relates to unrestricted funds.
Significant capital ¢xp¢nditure of approximately £240,000 was illcurred in completion of the Whilerock property.
Reserves pollcy
The Board of Trustees has established a policy whereby Ibe Unrestricted Funds not committed or invested in tangible
fixed assets for charity use cihe free reserves,) held by the Company should be between 3 and 6 months of the resources
expended. At this level, the Trust¢e5 feel that Ih¢y would be abl¢ to continue the current activities of Ihe company. In
tlie event of a significant drop in fijnding, it would obvÈously be necessary to consider how the fl￿ding would be
r¢plac¢d or activities changed.

WEI ST BELFAST ENTERPIUSf BOAIiD LIMITED
Report of the Trustees
FOR THE YEAR ENDED 31 DECEMBER 2022
STRATEGIC REPORT
Princlpal rlsks and uncertRintles
The tru8l¢es have a risk management strategy in place which Comprises:
An annual review of the Tisks the company and its subsidiaries face by the Finan¢e audit and risk committee and the
board of tTUStees'
Th¢ quarterly moniloTing of risks by the Finance, audit and risk committee,
The anllu?l exlemal rcview of risk alld risk proc¢dures as part of the ISO Quality management audit.
The establishment of syste)ns and procedures to nJitigate those risks identified in the plan, alld.
The implementation of PTo¢edures designed to minimis¢ any potential impact on the company should tlLose risks
materialise.
This strategy has helped identify the Diajor risks to which th¢ oompany is polentially cxposed, assessed those risks and
put in plaee systems to mitigate Ihe risks.The trustees arc committed to adopting best practice in the identification,
evaluation and ¢osl effective control of risks, to ensure that the chaTili¢s exposure is minimised or eliminated where
possible.
Principal areas of risk identified Os a result of the proc¢sse$ ill place include;
Financial risk
The highest risk identified is the impact of the curyent ecorLomi¢ climate on revenue streams and th¢ effect of external
influen¢es and legislation on ils ability to manage costs. To manage this ris1( a stringent budgeting procedure has been
established to idetLtify and maximise all income strgams and to tightly mange cost control. In addition an ongoing
programme of reviewing artd updating the entire organisations opeYatioTh procedures and policies has commen¢¢d,
Operntional risk
Ensuring the provision of it5 services to the groups mat)y tennels and ¢ustomers, S¢rvice provision & quality of same is
given the highest priority witbin the charity.
Health and Safety
A detailed plan of nssessments, training atid reviews has been developed and implemented to ensure the physical risk of
injury or liabÉlity lo any service user, staff membet or member of the public when assessing the charities facilities or
servi¢es is mitsimised.
In addition to the above a detailed risk register is kept and r¢viewed by the trustees and they are satisfled that the
systems in place roanage exposure to the major risks identified.
Busin¢$s contittuity plans exist for every rnajor scrvic¢ area and these are reviewed regularly.

WEI ST BELfAST ENTERPIUSE BOARD LIMITED
Report of the Trustees
FOR THE YEAR ENDED 31 DECEMBER 2022
STRtriTEGIC REPORT
Future plans
The trustees are fully Commilled to a robiisl progromme of reinvestment of surpluses into the company throiigh a
detailed capital investment plan across the five siles. W¢ acquired the site adjacent to the West11t￿ site and will invest
in an area of hÉgh social and economic deprivation with the hope to attract neiv businesses and jobs to that area.
We have o1$0 acquired th¢ Whiterock s&le and compleled a Substantial investment plan in 2022 to allow us to attra¢l
new business and jobs into another area of high socio-economic deprivation. This project is not phase I complete and
has made a substdntial impact in the area.
We also hope to continue lo develop plans for s¢veral new siles and are working closely with Governrnent Departments
lo develop sustainable development plans for these 51tes. However, th¢ capital works planned for 2023 will focus ort the
development of th¢ physical infrastructhre of the site adjaccnl Westlink Entelprise Pgrk. the Dairy Fam) Complex and
the Whiterock site, It is our irtlelltion to Complete relatively major groundworks across t)ie sites in 2023. develop a sit -
in i¢e cream pai'lour and safe space at Dairy Fam] to COTnpliment the new local Colill Park initiative. and dev¢lop a
solar energy policy and implementatioll.
Ther¢ will be all expansion of training and development 8ervices which will target th¢ h8rdest lo reach in our
commwiities with reSOu￿e allocat¢d specifically to assist unemploy¢d people to gel back to work and self-employment.
The Tnlstees are regularly reviewing the current impacts crisisleconomic downtttrn; spirally costs and 118 Potential
effects on Ihe business. tenallts alld the local community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The tharity is ¢ontrolled by ils governing docurnent, a deed of lrnst, and ¢onslitules a limil¢d cornparty, limited by
guarantee, as d¢fuked by the Cornpanies Act 2006.
The company is governed by a Board of Trustees which operates as detailed in the company's gov¢rtsing document, the
Memorandwn and Articles of Association. The Board meets between six and eight times per year. The 8ub¢ommittee,
the audit cornmittee, tueet on a quarterly basis and the other comtnittees meet as necessary. A ¢hi¢f executive is
appointed by the board to administer th¢ day to d&y operaliolls of the company and its subsidiaries. In the 2022 year,
these meetings took place over Zoon]rreams and in person as p¢r govemmertt guidance during the Covid pandemic.
The Board of trustees also mct to review Ib¢ year and worked to assist op¢rational stsff with the slrat¢gic plan for the
y¢ar ahead.
To facilitate ¢ffeetiv¢ operations the chi¢f executiye, Mr S¢amus O'Prey has delegated authority approved by th¢
trt￿l¢es for op¢rational matters su¢h as finauce, C￿p10Yrnent and the dcliv¢ry of its training objectives.
Reerultment and appointment of new trustees
Due to the naMre of the charity's work the trusl¢e8 seek to ellsure that these n¢eds are approprial¢ly reflected Ibrough
the diversity of the trustee body. To etthanee the potential pool, trustees are requested to provide a list of their skills
(and updat¢ 1¢ each year) and in the eveTht of particular skills lacking or being lost due to retirement. individuals are
approached to offer themselves for election.
Induction and tr&lnlng ofneiv trustees
The board conduot skills The chief executive ¢nsures that appropriate induction and training is Biven to all new and
existing trustees. Each new twstee is provided with a pack of informat¢on about the group and their responsibiliti¢s and
is given an opportunity to me¢t all staff.
Key management remuneration
The s¢tting of the pay artd remuneralion of the k¢y mBnAgement personel is del¢gated lo the Remun¢ration Committ¢¢,
made up of sev¢ral ttustees.

WEST BELFAST JQNTERPRISE BOAIiD LIMITEI D
Report of the Trustees
riOR THE YLI AR ENDED 31 DECETfrlBER 2022
STRUCTURE, GOVERNANCE AND MANAGENffi NT
Related partie5
Wesl Belfast Enterprise Board Limited is the parent company of the following wholly owned subsidiary ¢ompanie5'.
Nt019927
N1608161
Weslklink Ente￿rISeS Limited
Flex Language Servi¢es Limited
Roar & Explore Dairy Farni
Limited
Pure Class Dairy Falln Limited
Fire Risk Nl Litnited
Ortus Property Services Limited
REFERENCE AND ADMINISTRATIVE DETAILS
Reglster¢d Company number
N1021888 (Northern IT¢land)
Registered Charity llumber
103129
N1652507 (Charity no. 107683)
N1671387
N1617908
N1616142
Reglstered office
Ortus
155 Northumberland Street
Belfast
BT13 2JF
Trustees
Mr James Joseph Collins
Prof Robert Wallace Ewort
Mrs Liz Groves
Mr Gerard Mccann
Mrs Jacqueline Mccoy
Mr Terry Mc¢rudd¢
Mr Noel FratLCiS Rooney
Mr Gerry Ward Community
Ms Emer Hinphey (appointed 221612022)
Mrs ATl¢n¢ O'connor (appointed 221612022)
Company Secretary
Mrs Jacquelirye M¢¢oy
Auditors
M.B.Mc Grady & Co
ChaTtered Accountants
Statutory Auditors
Raihn)ore House
52 Si Patricks Avenue
Downpatrick
Co. Down
BT30 6DS
STATEMENT OF TRUSTEESI RESPONSIBILITIES
The trustees (who are also the direetors of W¢st Belfast Bnletpris¢ Board Limited for the putpose5 of company law) are
responsible for preparing the Report of the T￿￿teeS and the fiNancial statements ill e¢cordarLce with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) itscluding Flliaucial
R¢porting Standard 102 The FiJan¢ial R¢porting Standard applicable in the UK and Republic of Ireland"

WEST BELFAST ENTEI IiPRISE BOARD LIMITED
Report of the Trustee5
FOR TKE Yfi AR ENDED 31 DECETrtBER 2022
STATEMENT OF TRUSTEES, RESPONSIBfLITIES- eontinued
Company law requires Il)e trustees to prepare financial statements for each fillancial year which give a true and fair
view of the slate of affairs of tbe charitable company aThd of the incoming resouk'ces and application of resources,
illcludirng the income and cxpendi￿re, of the charitable company for that period. In preparing those financial
slalements, the trustees are required to
select suitable accounting poli¢ies and then apply thenJ consistently.
observe Itle methods and principles in the Charity SORP,
make judgements and estimates tbat are reasonabl¢ and prndenl.
state whether applicable ac¢ounting standards have been followed, subjeot to any material departt￿¢S dis¢losed
explained in the financial statements.
prepare the financial statements on th¢ going concem basis unless it is inappropriats to presume that the charitable
company will continue in business.
The trnstees are responsible for keeping proper 8¢COUllting re¢ords which disclose with reasonable acC￿r8¢Y at any time
the fmancial positioll of the ch8rilable company and to ettabl¢ tbem to ensure that th¢ fmancial ststements comply with
Ibe Companies Act 2006. They are also responsible for safeguarding th¢ 8sscls of the Charitable cornpatty and hence for
taking reasonable steps for the prevention and detection of fraud and other iffegu18rities.
In so far as the trustees are aware..
there is no relevant audit information of which the charitable companys auditor8 are unaware. and
the trustees have taken all steps that they ougl)t to hav¢ taken to make thems¢lve5 aware of any relevant audit
Ènfonnalion and to establk8h that the auditors ar¢ aware of that infornation.
AUDITORS
The auditors, M.B.Mc Grady & Co, will be proposed for re-appointTn¢nt at the fortkcoming Annual Gencral Meeting.
Report of the Irugtees, ittcorpor&ling a strategic report, approved by order of the board of ttustees, as tbe company
directors, on 26 ApIil 2023 and sigthed on the board's b¢half by:
James Joseph Collins- Trustee