Greater Shankill Partnership
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
(Xher income
15.147
15.333
20.552
57.880
15.147
1.411,904
20.552
31,553
1,712,856
60,037
1.396.571
Total income
108,912
1,396,571
1,505.483
1,804,446
Expenditure
Expenditure on charitable activities
Totsl expenditure
9.10
357,429
1.389.269
1,746,698
1,696,884
357,429
1,389.269
1,746,698
1,696,884
Net {expenditure)lincome
(248.517)
7,302
{241,215)
107,562
Transfers between funds
613.240
(613.240)
Net movement in funds
364.723
(605,938) (241,215)
107,562
Reconciliation of funds
Total funds brought forward
Total funds carried forward
624,229
631,535
1.255,764
1,148,202
988,952
2S,597
1.014,549
1,255,764
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 17 to 30 fonn part of these flnanclal slatements.
14

Greater Shankill Partnership
Company Limited by Guarantee
ststement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
Investments
15
16
626,308
641,455
626,312
641,459
Current assets
Debtors
Cash at bank and in hand
17
8g,137
354.402
375,00fj
315,681
443.539
690,686
Creditors: amounts falling due within one year
N8t current assÈts
19
55.302
76.381
388.?.37
614.305
Total assets less current liabilities
1.014,549
1.255,764
Not assots
1,014,549
1,265.764
Funds of the charity
Restricled funds
Unrestricted funds
25,597
988,952
631.535
624,229
Total charity funds
22
1,014,549
1,255,764
These financial statements were approved by the board of trustees and authorised for issue on 10
October 2023, and are signed on behalf of the board by:
E Carlisle
Trustee
The notes on pages 17 to 30 forn part of these financial statements.
15

Greater Shankill Partnership
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Nole
Cash flows from operating activities
Nel (expenditure)lincome
(241.215)
107.562
Adjustments for
Depreciation of tangible fixed assets
Interest payable and similar charges
Accrued income
15,147
1.265
(12.729)
18,818
1,040
(4,710)
Changes in."
Trade and other debtors
Trade and other creditors
285,868
(6,957)
41.379
(137,641 }
{26,878)
{41,809)
Cash generated from operations
IntÈrpst pxid
Net cash froml(used in) operating activities
(1.265)
40,114
(1.040)
{42,849)
Cash flows from investing activities
Purchase of tangible assets
Net cash used in Investing actwities
(2,556)
(2,5Sti)
Cash flows from financing activities
Proceeds from loans from group undertakings
Net cash from financing activities
5,939
5.939
Net increasel(decrease) In cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
46.053
295.407
(45,405)
340,812
295,407
18
341,460
The noteg on pages 17 to 30 forni part of these financial statements.
16

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General infomiation
The chariiy is a public benefft entty and a private company limited by guarantee, registered in
Northern Ireland and a registered charty in Northem Ireland. The address of the registered office
is 331- 333 Shankill Road, Belfast, BT133AA.
Statement of compliance
These financial statements have b￿n 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 Stsndard 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 modtfied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expendtkure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material un￿rtaint[eS about the charity's abilty to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
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 eamiarked by the trustees for particular future project or
Commitment.
Restricted funds are subjected to restrictions on their expendrture declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
17

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (conllnuedj
Year ended 31 March 2023
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity,. it is probable that the economic benefrts associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied lo particular categories of income..
income from donations or grants is recognised when the￿ is evidence of entiilement to the
gift, reGeipt is probable and it5 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 Measu￿ reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated faGilities and serviGes are recogni5ed in the
accounts when received rf the value can be relBbly 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 classrfied as unrestricted funds unless there is a contractual
rgquirgment 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 liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classtfied under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising 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 govemance 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 expendrture on charitable actrvities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activrty are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Tangible 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.
18

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2023
Accounting policies (continued)
Tangible assets (continued)
An increase in the carying 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 expendf(ure 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,
except to which it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and1083es on the Statemerrt of financial aGtivitie8.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic lrfe of that asset as follows:
Freehold property
Plant and machinery
Fixtures and fittings
Equipment
20A straight line
33% reducing balance
20 /0 Straight line
20% straight line
Investments
Unlisted equty investments are inrtialty recorded at cost, and subsequently measured at fair
value. If fair value cannot be reliably measured. assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investments in associates
Investments in associates a￿oUnted for in a¢¢ordance with the cost model are recorded at cost
less any accumulated impaiment losses.
Investments in associates accounted for in accordance viith the fair value model are initially
recorded at the transaction pri￿. At each reporting date. the investments are measured al fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled enttlies accounted for in accordance wtth the cost model are
recorded at cost less any accumulated impairment losses.
19

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2023
Accounting policies (continued)
Investments in joint ventures (continued)
Investments in jointly controlled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date, the investments are measured
at fair value. with changes in fair value taken through income or expendiiure. Where it is
impracticable to measure fair value reliably without undue cost or effort, the cost model will be
adopted.
Dividends and other dislributlons ieGeived from the investtnent are ieGQgnised as inGome without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisition.
Impainnent of fixed assets
A reviÈw for indicators of impaimient is carried out at each reporiing datè, with the recoverable
amount being estimated where such indicators exist. Illhere the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimient 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 other assets or liabilities of the charty
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only vthen 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.
Vvhere investments in shares are publicly traded or their fair value can other¥vise be measured
reliably, the investment is subsequently measured at fair value wrth changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
20

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Staternents (continued)
Year ended 31 March 2023
Accounting policies (¢onlinued)
Financial instruments (Continued)
Other financial instruments. including derivatives, a￿ initially recognised at fair value, unless
payment for an asset is deferred beyond normal business temis 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.
Othgr 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 impairment at the end of each reporting date. If there is objective evidence of impairment, an
imp2irment loss is recognised undèr the appropriate he2ding in the st8tement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of signfficance. 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 impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to deflned contrlbutbn plans are recognlsed as an expense In the period in whlch
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 liabilty 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.
Limited by guarantee
The company. being a company limited by guarantee, d￿S not have share capital. The liability of
members of the company 15 limited to £1 per member.
21

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (conlinue(g
Year ended 31 March 2023
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Donations
Donations- Non Gift Aid
Donations
Donations received in year
3.061
8.086
4.000
3,(￿1
8,086
4.000
2,954
28.599
2.954
28,599
15.147
15,147
31,553
31,553
Charitable activities
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Belfast Health and Social Care Trust
Street Beats
Executlve Offlce- CIT 1 & 2
Department of Communities
Department of Employment and Learning via USDT
Tli¥ CviiirTiuiiily Fvunddtion
Belfast City Council
Department of Hea￿h
Department of Education through BHSCT
Department of Education
Northern Ireland Housing Association
CFF
Department of Education - W8CP
71.665
28,428
97,955
156,519
70,242
2,833
12,814
184,875
672,240
71,665
28,428
97,955
159,519
70,242
2,833
12,814
184,875
672,240
3.000
12.333
12,333
99.000
99,000
15.333
1.396.571
1,411.904
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Belfast Health and Social Care Trust
Street Beats
Executive Office- CIT 1 & 2
Department of Communities
Department of Employment and Learning via USDT
The Community Foundation
Belfast Cty Council
Department of Health
Department of Education through BHSCT
Department of Education
Northem Ireland Housing Association
CFF
Department of Education - WBCP
63,405
11,522
232,960
245,274
57,941
49,981
106,330
185,294
663,424
91,730
4,995
63,405
11.522
232,960
245.274
57,941
49,981
106,330
185,294
663,424
91,730
4,995
1,712.856
1,712,856
22

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Other trading activities
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Room hire income
Other incorne from trading activities
Insurance claim
Extern
Boy5tnodel
653
653
17,126
2,TT3
17,126
2,773
20,552
20,552
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Room hire income
Other income from trading activities
Insurance Claim
Extern
Boysmodel
2,400
42,186
2,400
42,186
15,451
15.451
44,586
15,451
60,037
Other inGome
Unrestrided Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other income
Refunds
Interproject recharge
5,828
317
51,735
5.828
317
51,735
57,880
57,880
23

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements {continuedJ
Year ended 31 March 2023
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Charitable activities
Support costs
338,576
18,853
357,429
1.389,269
1,727,845
18,853
1,389,269
1,746,698
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Charitable activities
Support costs
1,681,922
3,353
1,681.922
14.962
11,609
11,609
1,685,275
1,696,884
10. Expenditure on charitable activities by activity type
Activities
undertaken
directty Support costs
Total funds
2023
Total fund
2022
Charrtable activities
Govemance costs
1.727,845
1,727,845
18,853
1.681,922
14,962
18,853
1.727,845
18.853
1,746,698
1,696,884
11. Net (expenditure)lincome
Net (expenditure)lincome is stated after chargingl(crediting)'.
2023
2022
Depreciation of tangible T￿ed assets
15,147
18,818
12. Auditors remuneration
2023
2022
Fees payable for the audrt of the financial statements
9,072
9,322
24

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
13. Staff costs
The total staff costs and employ* beneffts for the reporting period are analysed as follows:
2023
2022
Wages and salaries
Social security cosls
Employer contributions to pension plans
932,785
60,473
23,215
882,679
61.154
14,548
1.016.473
958.381
The average head count of employees during the year was 48 {2022: 50).
No employee received employee benefits of more than £60.000 during the year (2022.. Nil).
4. Trustee remunoration and •xp•ns
No remuneration or other beneffts from employment with the chanty or a related entty were
received by the trustees during the year.
15. Tangible fixed assets
Freehold Fixtures and
property
fittings
Equipment
Total
Cost
At 1 April 2022 and 31 March 2023
780,000
17,552
17.995
815,547
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
144,300
11.700
16.872
680
12,920
2.767
174,092
15,147
156,000
17.552
15,687
189,239
Carrying amount
At 31 March 2023
624,000
2,308
626,308
At 31 March 2022
635.700
680
5,075
641,455
25

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2023
16. Investments
Shares in
group
undertakings
Cost or valuation
At 1 April 2022 and 31 March 2023
Impairment
At 1 April 2022 and 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
All investments shown above are held at valuation.
17. Debtors
2023
2022
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
Early Years debtor
GSPPD Debtor
Other debtors
30,539
11,260
12.642
2.764
39.581
7,128
76,108
133,893
118.295
31.932
89.137
375.005
18. Cash and Cash equivalents
Cash and cash equivalents comprise the following".
2023
2022
Cash at bank and in hand
Bank overdrafts
354,402
(12,942)
341.460
315,681
120,274)
295,407
26

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Ststements {¢onlinu8d)
Year ended 31 March 2023
19. Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Social security and other taxes
12,942
11,805
5,939
21,083
3,533
55.302
20,274
16,352
31,862
7,893
76.381
The bank loans and overdrafts of £12,942 (2022: £20.274) disclosed under credttors falling within
one year. are secured by the charity.
Bank overdrafts are secured by e Ic9al ¢harge of company owned property. GSP also secure a
subsidiary company's (GSPDD) overdraft facilities by a legal charge of company owned propety.
20. Dof•rr8d incom•
2023
2022
Amount deferred in year
1.950
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £23,215 (2022: £14,548).
22. Analysls of charitable funds
Unrestricted funds
At
1 April 2022
At 31 March
2023
Income Expenditure
Transfers
General funds
624.229
108,912
(357.429)
613,240
988,952
At
1 April 2021
At 31 March
2022
Income Expenditure
Transfers
General funds
559.699
76.139
(11,609)
624,229
27

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
22. Analysis of charitable funds {continuedJ
Restricted funds
At
1 April 2022
At 31 March
2023
Income Expenditure
Transfers
Greater Shankill
Renewal Fund
Restricted Fund 2 - desc
in alcs
BHSCT HUB
BHSCT- BOAG
Street Beats
Executive Office- CIT 1
& 2 and CIT Youth
Department of
Comiiiuiiities - NR
Department of
Communities- NR
Coordinator
Department of
Employment and
Learning via USDT
1.049.598
(1,049,598)
(418.063)
418,063
44.879
26.786
28,429
(44,879)
(26,786)
(22,821)
5.608
97,955
(93,989)
3,966
139,594
(139.471)
123
16,924
(18,394)
1,470
(CFSP)
CFNI - Jubilee Funding
Belfast City Council
Department of Hea￿h
Department of
Education through
BHSCT- Surestart
Department of
Education - WBCP
70,242
2,833
12,814
184.875
(70,242)
(2.833)
12,814
3.086
(181,789)
672.240
(689,065)
16.825
99,000
(99,000)
1.396.571 (1,389,269) (613.240)
631.535
25,597
Transfers have taken place in the year from restricted funds to unrestricted frjnds in relation to
historical balances. The Charity believes that there is no restriction placed on these funds.
Transfers have also taken place in the year in relation to the Surestart Project. These transfers
have occurred as expenditure in this fund is over and above grant expenditure in regard to the
surestart contract, the excess spend related to costs such as maintenance of buildings.
28

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (¢onthiuedJ
Year ended 31 March 2023
22. Analysis of charitable funds (¢ontlntsedJ
At
1 ApTII 2021
At 31 March
2022
Income Expendtture
Transfers
Greater Shankill
Renewal Fund
Restricted Fund 2
BHSCT HUB
BHSCT- BOAG
Stieet B¢ats
Executive Office - CIT 1
& 2 and CIT Youth
Department of
Communities- NR
Department of
Communities- NR
Coordinator
Department of
Employment and
Learning via USDT
(CFSP)
CFNI Jubilee Funding
Belfast City Council
Department of Heatth
Department of
Education through
BHSCT- Surestart
Department of
Education- WBCP
1.006,566
(418,063)
1,728,307 (1,685.275)
1,049,598
(418,063)
588.503
1.728.307 {1,685.275)
631,535
29

Greater Shankill Partnership
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 March 2023
23. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
619,OL
7,302
626,308
375.586
(5,640)
988.952
67,953
(49.662)
25,597
443,539
(55,302)
1,014,549
Unreslricted
Funds
Restricted Total Funds
Funds
2022
Tangiblv fixed %15set5
Investments
Current assets
Creditors less than 1 year
Net assets
641,455
641,455
624.228
66,457
(76.379)
690,685
(76,379)
624,228
631,537
1,255,765
24. Analysis of changes in net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank and in hand
Bank overdrafts
Debt due within one year
315,681
(20,274)
38,721
7.332
(5,939)
40.114
354,402
{12,942)
(5,939)
335,521
295,407
30