REGISTERED COMPAINY NUMBER: N1018888 (Northern Ireland)
RFGISTF.RED CHARITY NUMBER: NIC103294
GROUP REPORT OF THE TRUSTEES AND
CONSOLIDATED F￿rfANcIAL
STATEMENTS FOR THE YEAR
ENI DED 31 DECEMBF.R 2022 FOR
NORTHERN IRELAND TRADE UNION
EDUCATIONAL& SOCIALCENTRELIMITED
McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Arthur House
41 Arthur Street
BELFAST
BTI 4GB

NORTHERN IRELAIYD TRADF. UNION FDUCATIONAL
& SOCIAL CENTRE LIMITED
CONTENTS OF THE COLNSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Page
Group Report of the Trustees
I to6
Report of the Independent Auditors
7t0 10
Consolidated Statement of Financial Activities
(including income and expenditure account)
Consolidated Statement of Financial Position
12to 13
Company Statement of Financial Position
14to 15
Consolidated Statement of Cash Flows and
notes to Cashflows
16to 17
Notes to the Financial Statements
18to33

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
GROUP REPORT OF THE TRUSTEES
FOR THE YEAR ENDF.D 31 DECEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company nulnber
NIOI 8888 (Northern Ireland)
Registered Charity number
NIC103294
Registered office
45147 Donegall Street
Belfast
Co Antrim
BTI 2FG
Trustees
J Bowers
B Mackin
K Doherty
M Gray
A Molloy
A McKeown
K Fleck (appointed 27.04.2022)
Company Secretary
B Mackin
Auditors
McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Arthur House
41 Arthur Street
BELFAST BTI 4GB
Page I

NORTHERN tRELAND TRADE UNION EDUCATIONAL
& SOCIAL CEN'TRE LIMITED
GROUP REPORT OF THE TRUSTFFS
FOR THE YEAR ENDED 31 DECEMBF.R 2022
cont'd
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present
their report with the financial statements of the chaTity and the group for the year ended
31 D¢cember2022. The trustees have adopted the provisions of Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the FiTJancial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to-
promote equality through supporting the participation and inclusion of all individuals, groLLPS and
comrniinities-
provide support, education and training, and facilities to the unemployed and other groups
suffering from social and economic disadvantage;
be an innovative provider in effecting change towards a fair and inclusive society.
STIL4TEGIC REPORT
Achievement and performance
Review of activilies
The Charity continued to focus on the delivery, of programmes to support local communities in
disadvantaged areas. The Charity works closely with its partners and funders, namely the Big Lottery
Fund, Belfast City Council, EURES, Department of Foreign Affairs. Advice Nl, Department for the
Economy and others.
The Charity also continued to oversee the activities of affiliated social enterprises, providing guidance
and support in respect of their activities.
The John Hewitt Bar continued to provide bar and restaurant facilities in Belfast's Cathedral Quarter.
However, from August 2022 this was leased to independent leaseholders.
Access Skills Ireland Ltd continues to operate as an approved training provider, working throughout
Ireland with State bodies and employers to re-skill and up-skill workers.
BDA (Property Projects) Limited continues to provide workspace and support facilities to small
businesses at the Portview Trade Centre premises, maintaining the high rates of oecupancy that have
prevailed over recent years.
Page 2

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
GROUP REPORT OF THE TRUSTF,F.S
FOR THE YEAR ENDED 31 DECEMBER 2022
eont'd
Inveslment policy andperformance
The group's policy is to maximise total iT]vestment return from all of its assets whilst utilising these
assets to deliver the company's principal charitable activities. The group has continued to invest in its
related undertakings to reduce long terni dependence upon grant funding and increase commercial
trading revenue.
Financial review
FinancEal position
The financial results for the year are set out on pages I1- 12 following with the aecompanying notes to
the financial statements.
Reserves policy
The reserves of the charity are set by the Management Committee and take the following into
consideration-
Holding reserves for the designated funds which reflect the objects of NITU;
Recommending reserve levels which balance the variable nature of the income received, and
the longer-tenn commitments of the charity to its various shareholders.
The responsibilities of the Management Committee to the prudeTJt management of NITU;
The reserves will be held primarily as investments or in the fomi of tangible assets;
The level of reserves will be reviewed annuallv as part of the budget and planning process.
This actual policy paper and levels of reserve will be revisited as part of the planning cycle.
Withdrawal of funds from the reserves whether on an occasional or on a regular basis will
only be made as a result of a decision taken at a ManageTnent Committee Meeting.
The Trustees aim to maintain to sufficient free reserves in unrestricted, undesignated funds to bridge
any funding gaps experienced by the charity, and to mitigate the risks and costs of unplanned closure
of the organisation. The target level of funding to be held is £200,000. At the balance sheet date
£30,456 of the charity's unrestricted funds after transfers were undesignated, which is significantly
less than the targeted amount, but an increase on prior year. The Trustees and the Management
Committee are considering all optiOTJS to secure and retain additional unrestricted funding for the
forthcoming year.
Page 3

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIIMITED
GROUP REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBFR 2022
cont'd
Reserves policy (continued..)
The Triistees aim to hold sufficient desi(vnated funds to support social enterprise activity and to enable
those enterpriscs to operate with autonomy. In addition reserves are maintained to provide a hedge
against the loss of traditional project funding for the delivery of NITUS objectives, and to fund the
Charity's capital and Property maintenance plans lo fund for the upkeep and renewal of premises and
to plan and execute capital type projects. The Trustees are satisfied the desiiynated funds remain
adequate for the time being.
Future plans
The group plans to contlnue to develop innovative programmes for unemployed and disadvantaged
individuals and groups. In addition, the Board actively seeks opportunities to develop social enteryrise
activities that support its objectives.
A key project under consideration by the Charity at present is the regeneration of parts of the Portview
Trade Centre. In the short term the Trustees will also focus their attention to mitigating the impact of
Covid-19 on the operations and prograTnmes undertaken by the group, and to develop alternative
service delivery methods to ensure the Charity s objectives can be achieved.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The company is registered as a company limited by guarantee.
The company is constituted under a Memorandum of Association dated 21 October 1985 and is
registered as a charity Wlth both the Charity CommissioT) for Northern Ireland and FIM Revenue &
Customs.
Method of appointment or election of Directors
The oversight of the company and group is the responsibility of ihe management committee who are
elected and co-opted under the terms of the Articles of Association. The management commiltee are
Directors for the purposes of Company Law.
Organisational structure and decision making
The management committee is appointed by the company's members in accordance with the company's
Memorandum and Articles of Association. The management are responsible for the governance of the
company and group. Responsibility for the day to day operations of the compan), is delegated to the
Directors and management team and perfomiance is reviewed on a monthly basis.
Page 4

NORTHERN IRELAND TRADE UNION, EDUCATIONAL
& SOCIAL CENTRE LIMITED
GROUP REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
cont'd
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Northern Ireland Trade Union Educational & Social Centre
Limited for the purposes of company law) are responsible for prcparin(T the Group Report of the
Trustees and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company and group and of the incoming
resources and application of resources, including the income and expenditure, of the charitable
company and group for that period. In preparing those financial statements, the trustees are requircd to
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial statements-
prepare th¢ financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other i￿egular1ties.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable group's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit infonnation and to establish that the auditors are aware of that informatiOT].
Page 5

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
GROUP REPORT OF THE TRUSTEES
FOR THE YF.AR ENDED 31 DECF.MI BER 2022
cont'd
AUDITORS
The auditors, McAleer Jackson Ltd, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Report of the trustees, incorporating a strategic reporL approved by order of the board of trustees, as
the company director5, on 29 September 2023 and signed on the board's behalf by:
J BOWERS
Trustee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CF.NL TRF. LIMITED
Opinion
We have auditcd the consolidated financial statements of Northern Ireland Trade Union F.ducational &
Social Centre Limited (the 'parent charity,) and its subsidiaries (the 'group') for the year ended
31 December 2022 which comprise the consolidated Statement of Financial Activities, consolidated
Balance Sheet, company balance sheet, consolidated Cash Flow Statement and notes to the financial
statements, 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 Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of IreSand"' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the group's and the parent charity's affairs as at
31 December2022 and of the group s incoming resources and application of resources,
including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice- and
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 Auditors
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of ihe
financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for
smaller entities in the circumstances set out in Note 27 to the financial statements, and we have
fulfilled 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.
Conclusions relating to going Concern
In auditing the financial statements. Nve have concluded that the trustees. use of the going concern 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 company's
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 trustee with respect to going concern are described in
the relevant sections of this report.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
NORTHERN IRELAIND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
cont'd
Other information
The trustees are responsible for the other inforniation. The other information comprises the information
included in the annual report, other than the financial statement5 aTJd our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other infonnation and, except to the extent
othe￿iSe 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
inforniation and, in doiT]g so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or othenvise 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 a material
misstatement of the other infom]ation. If, based on the work we have perfomied, we conclude that
there is a material misstatement of this other infonnation, we are required to report that fact. We have
nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infonnation given in the Trustees, R¢port 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 Jvhich we are required to report by exception
In the light of the knowledge and understanding of the company 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 where 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 statements are not in aoreement with the accounting records and retums. or
certain disclosiires of director's remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees Responsibilities set out on Page 5, the trustees
(who are also the directors of the charitable company 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 internal control as the trustees detemiine is necessary to enable the preparation of fiT)ancial
statements that are free from material misstatement. whether due to fraud or error.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CFNTRE LIMITED
cont'd
Responsibilities of trustees (cont'd)
In preparing the financial statements, the trustees are responsible for assessing the group's and the
parent charity's ability to continue as a going conccm. disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do
so.
Auditors, responsibilities for the audit of the financial statements
OLir objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors
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 fLnancial statements.
We identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, and then design and perfonn audit procedures responsive to those risks, including
obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
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
Parent Charity & Group's remuneration policies, and its intemal and extemal performance targets;
results of our enquiries of management and other key persons about the Parent Charity & Group's
own identification and assessment of the risks of irregularities, including those that may occur either as
a result of fraud or error, and matters we identified from our review of the Parent Charity & Group's
policies. procedures and internal controls- and
the matters discussed among the audit enga(Fement team regarding potential indicators of fraud and
where it might occur in the financial statements.
We also obtained an understanding of the legal and regulatory framework that the Parent Charity &
Group operates in, focusing on provisions of those laws and regulations that had a direct effect on
material amounts and disclosures in the financial statements. The key laws and regulations we
considered in this context included the UK Companies Act, pensions and tax legislation, charity
legislation together with provisions of other laws and regulations that do not have a direct effect on the
financial statements, but compliance with which may be fundamental to the Parent Charity & Group's
ability to operate or to avoid a material penalty. This included conditions of fundinu from various
bodies.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
NORTHERN IRELAND TRADF. UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
cont'd
Auditors, responsibilities for the audit of the fillancial statements (cont'd)
From the above procedures, and in common with all audits under ISAS (UK), we identified the
disclosure of adjusting items as a key audit matter with respect to potential risk of fraud, particularly in
areas w'here management is required to exercise significant judgement.
We tailored our response to those identified risks to include enquiring of management concerning
actual and potential litigation and claims, perfonning analytical procedures to identify any unusual or
unexpected relationships that may indicate risks of material Inisstatement due to fraud, and reviewing
correspondence with HMRC and other regulatory bodies.
In addressing the risk of fraud through management override of controls, we tested the appropriateness
of joumal entries and other adjustments. assessed whether the judgements made in making accounting
estimates are indicative of a potential bias. and evaluated the business rationale of any significant
transactions that are unusual or outside the nomial course of business, of which there were none.
Whilst our engagement team were fully briefed on the fraud risks and remained alert to any indications
of fraud or non-compliance with laws and regulations throughout the audit, we draw attention to
inherent limitations in the scope of audit procedures since fraud, by its nature, may itjvolve deliberate
concealment, misrepresentation or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description
forn]s part of our Report of the Auditors.
Use of our report
This report is made solely to the charitable company's members: as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006 and re(yulations made under that Act. Our audit work has been
undertaken so that we might state to the charitable company's members those matters we are required
to state to them in an auditors, report and for no other purpose. To the fullest extent permirted by law,
we do not accept or assume responsibility to anyone other than the parent charitable company and the
charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed.
Michael Barnett (Senior Statutory Auditor)
McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Arthur Hoiise
41 Arthur Street
BELFAST BTI 4GB
Date: 29 September 2023
Page 10

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
CONSOLIDATF.D STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR EINDED 31 DECEMBER 2022
2022
Total
funds
2021
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other grant income
105,019
105,019
223,881
315,699
484,489
82,819
41,935
276,563
369.076
455,041
200,270
223,881
315,699
484,489
82,819
Total
988,026
223,881
1,211,907
1,342,885
EXPENDITURE ON
Other trading activities
Charitable activities
Governance
Investment activities
Foreign exchange on consolidation
Taxation
451,417
143,884
8,666
611,170
3,4)2
23,989)
451,417
297,352
25,947
611,170
3,452
(23,989)
484,255
350,758
22,693
525,542
(1,476)
9,121)
10
10
153,468
17,281
Total
1,194,600
170,749
1,365,349
1,372,651
NET tNCOME/(EXPENDITURE)
(206,574)
53,132
(153,442}
(29,766)
Net gain/(loss) on Investments
Transfers between funds
(83,418)
1,481)
(83,418)
20,361
25
1,481
Net movernent in funds
{291,473)
54,613
(236,860)
(9,405)
RECONCILIATION OF FUNDS
Total funds brought forward
3,074,597
54,2)3
3,128,850
3,138,255
TOTAL FUNDS CARRIED
FORWARD
2,783,124
108,866
2,891,990
3,128,850
The notes form part of these financial statements
Pagell

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
CONSOLIDATED BALANCE SHEET
AT 31 DECEMBER 2022
2022
Total
funds
2021
Total
fijnds
Notes
FIXED ASSETS
Intangible assets
Tangible assets
Investments
Investment property
15
16
17
18
i58J76
524,293
1,8i2,683
555,238
579,019
1,852,683
2,93i,352
2,986,940
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
19
20
6,359
159,283
750,776
157,673
407,221
564,894
916,418
CREDITORS
Amounts falling due within one year
21
396,825
513,124
NET CURRENT ASSETS
168,069
403,294
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than
one year
PROVISION FOR LIABILITIES
3,103,421
3,390,234
22
192,186
19,245
2,891,990
218,150
43,234
3,128,850
24
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
25
2,783,124
108,866
3,074,597
54,253
TOTAL FUNDS
2,891,990
3,128,850
The notes form part of these financial statements
Page 12
continued..

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
CONSOLIDATED BALANCE SHEET
AT 31 DECEMBER 2022
cont'd
The trustees acknowledge their responsibilities for-_
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386
and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which othenvise
comply with the requirements of the Companies Act 2006 relating to financial statements, so far
as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the
Companies Act 2006 regarding small companies and S398 of the Companies Act 2006 regarding group
accounts.
I'hese financial statements have been audited under the requirements of Section 144 of the Charities
Act2011.
The financial statements were approved by the Board of Trustees on 29 September 2023 and were
signed on its behalf by=
J BOWERS
Trustee
B MACKIN
Trustee
The notes form part of these financial statements
Page 13
continued...

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CEN'fRE LIMITED
COIWANY BALANCE SHEET
AT 31 DECEMBFR 2022
2022
Total
funds
2021
Total
funds
Notes
Investments
Investments
Investment property
17
18
250,002
603,948
250,002
603,948
853,950
853,950
CURRENT ASSETS
Debtors
Cash at bank and in hand
20
168,677
73,734
257,893
100,369
242,411
358,262
CREDITORS
Amounts falling due within one year
21
257,039
326.693
NET CURRENT ASSETS
14,628)
31,569
NET ASSETS
839,322
885,519
FUNDS
Unrestricted funds
Restricted funds
25
730,4)6
108,866
831,266
54,253
TOTAL FUNDS
839J22
885,519
The notes forn] part of these financial statements
Page 14
continued.

NORTIIERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
COMPANY BALANCE SHEET
AT 31 DECEMBER 2022
cont,
The financial statetnents have been prepar&1 in accordance with Part 15 of the Companies Act 2006
regarding small companies.
The financial ststements were approved atkd authoIised by the Board of Tn￿ on 29 Septen]ber 2023
and were signed on its bebalf by:
JBO
Trustee
B MACKIN
Trnstee
The notes forni part of fiDanciaI stat¢mcllts
Page 15

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Notes
Cash flows from operating activities:
Cash generated from operations
Interest paid
Tax paid
(222J79)
(8,471)
18.397
(7,441)
Net cash provided by (used in) operating
activities
230,850)
110,956
Cash flows from inN'esting activities:
Purchase of listed investmcnts
Proceeds from sale of listed investments
Purchase of tangible fixed assets
Purchase of investment property
(137,765)
108,843
(17,087}
(189,469)
552,407
(8,727)
285,740)
Net cash provftded by (used in) investing
activities
46,009)
68,471
Cash flows from fillancing activities:
New loans in year
Loan repayments in year
Capital grants received
(26,896)
(17,183)
135,000
Net cash provided by (used in) financing
activities
26,896)
117,817
Change in cash and cash equivalents in
the reporting period
Cash and cash eqUI￿.alellts at the
beginning of the reporting period
(303,755)
297,244
665,051
367,807
Cash and cash equiv21ents at the end of
the reporting period
361,296
665.051
The notes forn] part of these financial statements
Page 16

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THF. CONI SOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022
RECONCILIATION OF NET INCOMEI{EXPENDITURE) TO NET CASH FLOW
FROM OPERATING ACTIVITIES
2022
2021
Net income/{expenditure) for the reporting period (as per the
statement of finAncial actiTrities}
(236,860)
(9,405)
Adjustments for:
Depreciation charges
{Profit)/Loss on disposal of investments
Finance costs
Deferred grant released to P&L
Revaluation loss / (gain)
Tax charge
(Incrcase)Idecrease in stocks
{Increase)decrease in debtors
Increase/(decrease) in creditors
13,949
230
8,471
12,979
179
7,441
(1,062)
(20,361)
(9,121)
(1,580)
28,693
10,634
83,418
(23,989)
6J59
1,610
75,i67)
Net cash provided by (used in) operating activities
222,379
118,397
ANALYSIS OF CASH AND CASH EQUIVALENTS
2022
2021
Cash at bank and in hand
Overdrafts included in bank loans and overdrafts falling due
within one year
407,221
750,776
(45,925)
85,725)
Total cash 2nd cash equivalents
361,296
665,051
Page 17

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
INOTES TO THF. FINANCIAL STATEIMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
GENERAL INFORMATION
The charity is a private company limited by guarantee: registered in Northern Ireland and a
registered charity in Northern Ireland. The address of the reoistered office is 45147 Donegall
Street, Belfast, Co Antrim, BTI 2FG.
STATEMENT OF COMPLLINCE
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 Charities Act (Northern Ireland) 2008.
ACCOUNTING POLICIFS
Basis of preparing the finallcial statements
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain 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.
Critical accountino estimates and areas of judgement
Estimates and judgements are requircd ivhen appls ing accounting policies. These are continually
evaluated and are based on historical experience and other factors. including expectations of
future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high
degree of judgement or complexity. The resulting accounting estimates will, by definition,
seldom equal the related actual results. The estimates and assumptions that have a significant risk
of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year are addressed below-
a) Market value of illvestment properties
Estimates are made in respect of the market value of investment properties. When assessing the
market valiie of these assets, factors including current rent receivable and available data on
current market yields and activity are considered.
Page 18

NORTHERN IRELAIYD TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECF.ME BER 2022
cont'd
ACCOUNTING POLICIES - continued
b) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated
useful economic lives and residual values of the assets. The useful economic lives and residual
values are reassessed annually. They are amended when necessary to reflect current estimates,
based on future investments, economic utilisation and the physical condition of the assets.
Going concern
The trustees have assessed, based on the anticipated activities of the charity and the gTOUP, that
there are adequate resources in place to meet the on-going costs of the group for a minimum of
12 months from the date of signing of the financial statements. In coming to this conclusion,
the trustees hav¢ assessed the entity's current financial arrangements and resources of the group
as a whole and have obtained confirn]ation that financial support will be made available
between fellow group companies, if required. For this reason the financial statements have been
prepared on a going concern basis which presumes the realisation of asset5 and liabilities in the
normal course of business.
Company status
The company is a company limited by guarantee. The members of the company are the
Trustees named on page l. In the event of the company bein(T wound up, the liability in respect
of the guarantee is limited to £1 per member of the company.
The registered office is 4547 Donegall Street. Belfast, BTI 2FG. The principal activity of the
company is other social work activities without accommodation not elsewhere classified.
Basis of Consolidation
Northern Ireland Trade Union Educalional and Social Centre Limited considers that wliere the
organisation is the sole member of a company limited by guarantee, these entities should be
treated as wholly owned subsidiaries by virtue of common control.
The parent charity has applied the exemption contained in section 408 of the Companies Act
2006 and has not presented its individual Statement of Financial Activity.
Income
All Income is recogTJised in the Statement of Financial Activities once the charity has entitlement
to the funds. it is probable that the income will be received, and the amount can be measured
reliably.
Page 19

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
cont'd
ACCOUNTING POLICIES - continued
Expenditure
Liabilities are recognised as expcnditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will
be required in sertlement and the amounl of the obligation can be measured reliably. Expenditure
is accounted for on an accruals basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular headings, they
have been allocated to activities on a basis consistent with the use of resources.
Investtnents
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost 2nd subsequently measured at fair value at the Balance Sheet date, unless fair
value cannot be measured reliably in which case it is measured at cost less impainnent.
Invcstment gains and losses, Ivhether realised or unrealised, are combined and shown in the
heading 'Gainsl{losses) OT] investments. in the Statement of Financial Activities incorporatiT)g
Income and Expenditure Account.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Freehold property
Plant & machinery
Fixtures. fittings & equipment
2% straight line
20 % straight line
20 % straight line
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in market value is transferred to a revaluation reserve.
It has not been depreciated.
Taxation
The charity is exempt from tax on income and gains falling within S505 of the Taxes Act 1988
or S252 of TCGA 1992 to the extent that these are applied to its charitable activities.
The taxation expense represents the aggregate amount of current and deferred tax recognised in
the reporting period.
Paiye 20

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRF. LIMITED
NOTES TO THE FINAN'CIAL STATEMENTS
FOR THE YF.AR ESI'DED 31 DECEMBER 2022
cont'd
ACCOUNTING POLICIES- continued
Taxatloll (continued..)
Current tax is recognised on taxable income or expenditure for the current and past periods.
Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and
laws that have been enacted or substantively enacted at the reporting date.
Deferred tax recognised in respect of all timing differences at the reportiniy date. Unrelieved tax
losses and other deferred tax assets are reco(ynised to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantivcly
enacted by the reporting date that are expected to apply to the reversal of the timing differences.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of
the trustees.
Restricted funds can only be used for particulaT restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restricted PULyoses.
Designated funds comprise unrestricted ￿ndS that have been set aside by the Trustees for
particular purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a
past event, it is probable that the entity will be required to transfer economic benefits in
settlement and the amount of the obligation can be estimated reliably. Provisions are recognised
as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the
obligation at the reporting date and subsequently reviewed at.
Debtors and creditors receivablelpayable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transactional price. Any losses arising from impaimient are recognised in the
Consolidated Statement of Financial activities in other trading activities.
Other income
Other income is accounted for as it is received and credited to the profit and loss account.
Page 21

NORTHERN IRELAND TRADE UINION EDUCATIONAL
& SOCIAL CENTRF. LIMITED
NOTES TO THE FINANCIAL STATF.MEINTS
FOR THE YEAR ENDED 31 DECEMBF.R 2022
cont'd
DONATIONS AND LEGACIES
2022
2021
Other income
105,019
41,935
INCO￿￿ FROM CHARITABLE ACTIVITIES
2022
2021
Activity
Charitable activities
Charitable activities
Charitable activities
Charitable activities
Charitable activities
Charitable activities
Charitable activities
Charilable activities
Charitable activities
Big Lottery Fund
Belfast City Council
CBPES
Belfast Met
Department for Communities
Co-operation Ireland
Donegal Peace IV
Heritage Lottery Fund
Community Fund-
Diverse Youth
90,853
5),315
29,313
25,118
19,850
3,432
96,710
41,715
30,013
36,966
13,473
48,467
9,219
223,881
276,563
IINCOME FROIM OTHER TRADING ACTIVITIES
2022
2021
Subsidiary trading activities
315,699
369,076
IINVESTMENT INCOME
2022
2021
Rents and service charges received
Loss on disposal of listed inveslments
Income from fixed assets investments
474,723
(230)
443,279
(179)
484,489
455,041
Page 22

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIS'DED 31 DECEIMBER 2022
cont'd
OTHER GRANT INCOME
2022
2021
Covid-19 supports
82,819
200,270
COSTS OF OTHER TRADING ACTIVITIES
2022
2021
Trading costs
Finance costs
442,946
8,471
476,814
7,441
451,417
484,255
10. CHARITABLE ACTIVITIES COSTS
2022
2021
Charitable activities
GovemaT)ce
297J52
25,947
350,758
22,693
323299
373,451
GOVERNANCE COSTS
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
2022
2022
2022
2021
Direct costs - Governance
8,666
17,281
25,947
22,693
Paiye 23

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMI ITF.D
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIS'DED 31 DECEMBER 2022
cont'd
11. COSTS OF INVESTMENT ACTIVITIES
2022
2021
Property management costs
611,170
525.542
12. NET llYCOME/(EXPF.NDITURE)
Net income/(expenditure) is stated after char(Fing/(crediting):
2022
2021
Depreciation owned assets
Audit fee
13,949
3,780
12,979
3,000
17,729
15,979
13. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2022 nor
for the year ended 31 December 2021.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 December 2022 nor for the year
ended 31 December 2021.
Page 24

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
INOTES TO THE FINI ANCIAL STATEKENTS
FOR THE YF,AR ENDED 31 DEcEI￿BF.R 2022
cont'd
14. STAFF COSTS
2022
2021
Wages and salaries
367,923
480,852
The average monthly number of employees during the year was as follows:
2022
2021
Support staff
19
22
No employees received emoluments in excess of £60,000.
IS. INTIINGIBLE FIXED ASSETS
Group
Licence
COST
At l January 2022
and 31 December 2022
i8,195
AMORTISATION
At l January 2022
At 31 December 2022
58,195
58,195
NET BOOK VALUE
At 31 December 2022
At 31 December 2021
Page 25

NORTHERN IRELAND TRADE UNION EDUCATIONI AL
& SOCIAL CENTRE LIMITF.D
NOTES TO THE FINANCIAL STATEIVIENTS
FOR THE YF.AR ENDED 31 DECEMBER 2022
cont'd
16. TANGIBLE FIXED ASSETS
Group
Fixtures
Freehold Plant &
fittings &
property machinery equipment
Totals
COST
At l January 2022
Additions
6i9,521
89,569
102,178
17,087
851268
17,087
At 31 December 2022
659,521
89569
119,265
868,355
DEPRECIATION
At l January 2022
Charge for year
At 31 December 2022
122,708
7,790
81,872
2,748
91,4iO
3,411
296,030
13,949
130,498
84,620
94,861
309,979
NET BOOK VALUE
At 31 Dccember 2022
i29,023
4,949
24,404
i58J76
At 31 December 2021
536,813
7,678
10,747
555,238
Fixtures,
fittings &
equipment
Company
COST
At l January 2022 and 31 December 2022
DEPRECIATION
At l Januar), 2022 and 31 December 2022
NET BOOK VALUE
At 31 December 2022
61,213
61,213
At 31 December 2021
Page 26

NORTHERN IRELAND TRADE UN'ION EDUCATIONAL
& SOCIAL CF.NTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
cont'd
17. FIXED ASSET INVESTMENTS
Group
Listed
investments
COST OR VALUATION
At l January 2022
Additions
Valuation changes
Disposals
579,019
137,765
(83,418)
109 073
NET BOOK VALUE
At 31 December 2022
524,293
At 31 December 2021
579,019
All investments shown above are held at valuation.
Compan),
2022
2021
Shares
Capital contribution
250,000
250,000
250,002
250,002
Page 27

NORTHERN IRELAND TRADF UNION F.DUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMF.NTS
FOR THE YEAR ENDED 31 DECF.MBER 2022
cont'd
17. FIXED ASSET II¥VESTMF.NTS- continued
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include
the following-
B.D.A. (Property Projects) Limited
Registered office.. Portview Trade Centre, 31 O NewLownards Road, Belfast, BTI IHE
Nature of business.. Business support service activities
Class of share:
Ordinary shares
holding
100
The following companies are limited by guarantee. Northern IrelaT)d Trade Union Educational &
Social Centr¢ Limited is the sole member of each of the companies, and therefore exercises
COT)trol.
Company name
Community Training & Research Services Limited
Access Skills Ireland Limited
Access Skills Ireland CLG
Radius (N.I.) Limited
Radius Training Limited
Registered
Northern Ireland
Northern Ireland
Republic of Ireland
Northern Ireland
Republic of Ireland
18. INVESTMENT PROPERTY
Group
MIIRKET VALUE
At l January 2022 and 31 December 2022
1,852,683
NET BOOK VALUE
At 31 December 2022
1,852,683
At 31 December 2021
1,852,683
Page 28

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EINDED 31 DECEMBER 2022
cont'd
18. INVESTMENT PROPERTY - continued
Company
MARKET VALUE
At l January 2022 and 31 December 2022
603,948
NET BOOK VALUE
At 31 December 2022
603,948
At 31 December 2021
603,948
19. STOCKS
Group
2022
2021
Stock
6,359
20. DEBTORS
Group
2022
2021
Trade debtors
Other debtors
Prepayments
81,600
55,432
20,641
32,964
68,201
58,118
157,673
159,283
Company
2022
2021
Other debtors
Intercompany debtors
Prepayments
44,960
116,839
6,878
68,201
182,395
7,297
168,677
257,893
Page 29

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTES TO THE FINAINCLAL STATEMENTS
cont'd
FOR THE YFAR ENDED 31 DECEMBER 2022
21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2022
2021
Bank loans and overdrafts (see note 23)
'Frade creditors
Taxation and social security
Other creditors
Accruals and deferred income
73,028
70,894
2,015
47,093
203,795
113,760
69,324
12,760
610
316,670
396,825
513,124
Company
2022
2021
Bank loans and overdrafts (see note 23)
Other creditors
Intercompany creditors
Accruals and deferred income
45,925
537
180,000
30,577
85,725
386
180,000
60,582
257,039
326,693
22. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group
2022
2021
Bank loans (see note 23)
192,186
218,150
23. SECURED DEBTS
The following secured debts are included within C￿ditors.
2022
2021
Bank overdrafts
Bank loans
45,92)
219,289
85,725
246,185
265,214
331,910
The bank overdrafts are secured by an all monies debenture held giving a fixed and floating
charge over the compan), assets.
The bank loans are secured a(yainst assets of a subsidiary company.
Pa(Fe 30

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRF. LIMITF.D
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
cont'd
24. PROVISIONS
Group
Deferred
tax
Balance at l January 2022
Movement during year
43,234
(23,989)
Balance at 31 December 2022
19,245
25. MOVEMENT IN FUNDS
Group
Gainl(Loss)
on
At
1.1.2022
Net
Movement
At
31.12.2022
Transfers
investments
Unrestricted funds
Unrestricted funds
Designated Social
Enterprise funds
Other Designated
funds
19,693
(99J29)
110,092
30,456
2243,331
(107245)
(83,418)
2,052,668
811,i73
3,074,597
111,i73
(1,481)
700,000
2,783,124
(206574)
(83,418)
Restricted funds
Big Lottery Fund
Belfast City Council
CBPES
Belfast Met
Dept for Communities
Community Fund -
Diverse Youth
11,534
42,719
20,)60
19,426
14,627
(278)
(1,090)
(113)
11,534
42,719
278
1,090
113
54,253
53,132
1,481
108,866
TOTAL FUNDS
3,128,850
(153,442)
83,418)
2,891,990
Page31

NORTHERN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CF.NTRE LIMITED
NOTES TO THE FINAN'CIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
cont'd
25. MOVEMENT IN FUNDS - continued
Net movement in funds. included in the above are as follows:
Group
Incoming Resources Moven]ent
resources
expended
in funds
Unrestricted funds
Unrestricted fund
988,026 (1,194,600) (206,574)
Restricted funds
Big Lottery Fund
Belfast City Council
CBPES
Co-operation Ireland
Belfast Met
Community Fund- Diverse Youth
Department for Communities
90,853
i5,315
29,313
3,432
25,118
(70293)
(35,889)
(14,686)
(3,432)
(2iJ96)
(1,090)
19,963)
20,560
19,426
14,627
(278)
(1,090)
113)
19,850
223,881
(170,749)
53,132
TOTAL FUNDS
1,211,907
1,365 J49) (153,442)
26. LEGAL STATUS
The Charity is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding up is limited to £1.
27. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALLER ENTITIES
In common with many other organisations 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.
Page 32

NORTHERIN IRELAND TRADE UNION EDUCATIONAL
& SOCIAL CENTRE LIMITED
NOTFS TO THE FIINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
cont'd
28. RELATED PARTY DISCLOSURF.S
The company has taken advantaiye of the exemption under FRS102 Section 33 'Related Party
Disclosures, not to disclose transactions with its group undertakings.
29. CONTINGENT LIABILITIES
The group has received government grants relating to fixed assets which are being deferred over
the life of the assets. The receipt of these monies is subject to conditions which if are not met
may result in the grants being repayable by the group. The group expects to meet the conditions
of the grants.
Since 2012, a group company has Provided a guarantee to the bank on behalf of The Fellowship
of Messines Association. In the event that the guarantee is called upon, the group company shall
seek recourse from the Association's trustees.
Page 33