WEST BEI LFAST PARTNERSHIP BOARD IINANCIAL STATEfvIENTS FOR THE Yll AR Ct NDED 31ST I*IARCH 2024 REPORT OFTHE INDEPENDENT AUDITOR TO THC MEMBERS, Auditing the I'isk ofinai)ageinent ovcri'ide of contiDls, including through testing joui'nal entries and oih¢i' adjuslmenls toi. appi'opi'iatcness, and evaluating the business ralionalc of significant trnnsactions outside the noimal LOU¥SC of busin¢ss. As pai'l of an audii in a¢coi'dancc iyith ISAS (UK) we e.xeicis¢ PlDlesbional judgcii)ent aiid maintain pi'ofessional sccpticistn Ihi'oiiEI)out Il)e audit. We also: Identity and assess tlie I'isks of maiei'ial 115¥11t¢Menl of tl)e financial statements, wlictl)ei' due to fi?ud or ei'roi., design and perlorn) audit pJDcedu1¢5 I'esponsive to tliose I'isks. and obiaiii audit cvidence that is sutficienl ai)d appi'opj'iale lo provide a basis foi. oui. opinion. The risk of not deteLting a n)at¢i'ial Inisstatement i'esulting from Iraud is higher tlian for one resultiiig froni erix)I', as fi'aud may involve collusivn, foi'geiy. intentional omi55ions, misrcpirscntalions, oi. tlie oveii'ide ot internal eontrol. Obtain an undei'standing OF inlei'nal ¢ontiDI ielevant to tlie audit in oi'dei. lo design audit piDcedures tliat al'e appiY)priate in thL circun)stan¢es, but not for Ihc purposes of e.xpressing an opinion on the effectiveness of (he eompany's iniernal conti'ol. Evaluate tlie appiY)priateness of accounting ptsliciEs used aiid the ieasonableness uf aLcounting cytimales and laled disclosui'es Inade by the direcloi's. ConLlude on tlie appiDpi'iaien¢ss tst the diit¢toi'5' Usc of the goiiig concem basis of a¢Lounting and. biised on the audit evidence obtained, Ivheih¢i' a matci'ial uncei'laiiity exists related to event8 or Conditions th1¢ t may cast significant doubt on the charitqs abilily to continue as a going concern. If we ¢on¢liidt that a material uncertainty exists, we al'e r¢quii'ed lo di'aw attention in oui. audiloi's I'eport to the related di5¢1osures in the tinancial statements oi.. if such disclosures al'e inad¢quate. to modity our opinion. Oui. conclusions ai¢ based on the aiidit evidenLe obtained up lo oui. auditol s I'eport. Hoivevei., Future events or conditions Inay ¢au5e the chai'ity to cease to continue as a going concern. Evaluat¢ th¢ overall pie5entation. stwcture and conlenl of tlie tinaiicial stateinents, inoluding Il)e disclosuits. and whttihei. the financial stateinents represent the underlying liaJ)sa¢lions and events in a mannei. that achieves taij. pirsentation. A tuiil)ei' description of our Ir5ponsibilities foi. the audit ot the finai)cial Sial¢mcnt5 15 located on the Financial Repoiting Council's iyebsite at.. http.'l/iYiY.t1.C.oI.g.UkIaudiI0ySi.espDnslb1]iIjes. Tliis description torms pait ot oui. audiloi s repoit. We ¢omTlluniLal¥ with those chaiEe(i ivith govei'nanLe regarding, ainong oih¢i' matters, thL planiied scope and timing of the audit aTrd significant findings, including any sigi)ifiLant defieien¢ies in int¢imal ¢ontiK)I Il)at ive identify dui'ing oiii. audit. Use of our I'eport Tliis repoi't is Inade solely io the ehai'ilabl¢ ¢ompaiils Incinbers: as a body, in 11CCOI'dai)ce ivith Chaplci- 3 of Pait 16 of the Coinpanies Act 2006 and I'egulations made under tl)at Act. Out- audit woi'k has been iindei'lakcn so that wc might slate to the chai'itable coinpany's membei's those mattels we al'c Irqiiired to state to them in an auditors, repoi1 and for no other pui'pose, To tlie fullest extent pei'mitttyd bs, laiv, we do not accept oi. assiiine responsibility lo anyone otl)ei' than tl)e charitable company and it4 memb¢rs as 8 dy, foi. oui. aiidit woi'k, foi. tliis repoit. ui. foi. tlie opinions ive liave toi'nied. LAWR£NCE SHEI ARER F.C,A., SeRioi' Statutory Aiiditor FOR AND ON BCI HALf4 OF O'FL4IL4 SHEARER, St4tuttsry Allditoi. O'HARA SHEIAREI R CHARTERCI D ACCOUNI'ANTS AND STATUTORY AUDITORS 547 Falls Road Bblfasl BTII 9AB Dated: 4th DeLember 2024 Page 11
WEST BELFAST PARTNERSHIP BOARD FINANCIAL STATEMENTS FOR THE YEI AR NDED 31ST TrLARCH 2024 STATEMENT OF ACCOUNTING POLICIES Accountin Convention and Basis of Accountin The financial statements have been prepared under the l)istoi'ical Cost convention. The financial stateinents have been prepared iii accordance with Accounting and Reportin(F by Charities.. StateineT)t of Recominend¢d Practice applicable to charities pi'eparin(T their accounts in accoi'dance with the Financial Repoiting Standai'd which applies in the UIC and Republic of Ireland (FRS 102) (effective l Januaiy 2015) (Charities SORP (FRS 102)), the Financial Repoiting Standai'd applicable in the UK aiid RepLiblic of Ii'eland (FRS 102) and tlie Coinpanies Act 2006. Goin(y Concern At tlie tiine of appi'oving the finaiicial statements, the trustees, have a reasonable expectation that the Charity has adequate resources to continue in operational existeiice for the foreseeable future, Tlius tlie trustees, continiie to adopt tlie troin(F conceiTA basis of accountinu jii prepai-intr the financial statements. Income Reeotsnition Income is i'ecognised wlien the Charity has entitlement to tlie fiiiids, aiiy perfoiinance conditions attached to the item(s) of income have been imet, it is probable tliat tlie incoille will be I'eceived and the arnoLint can be Ineasiii'ed reliably. Intei"est Receiiiable Iiiterest on fLiiids l)eld is included when I'eceivable and the ainount can be measui'ed reliably. tliis is norillally upoii notification of tlie interest paid oi. payable by the Bank. Resource5 Expended All expenditure is accoLinted for on an accruals basis and is classified uiider headiiitrs tliat ag costs i-elated to tlie category. (yregate all Fuiidraisilig costs iiiclude tlie Losts of advertising, pi-odLi¢iiig publications, pi'intino and Inailiiia fiindi-aisiiig matei'ial, and staff costs in these ai'eas. Costs of chai'itable activities include direct expenditure iiicurred thi'ough opei'ational activities. Govei'naiice costs repi'esent the costs associated witli the governance ai-i'angements of tl)e cliai'ity whicli relate to the general ruiining of the charity as opposed to those costs associated with fundi'aising or chai-itable activity. ri ixed Assets All tangible fixed assets are I'ecorded at cost. Page 12
WEST BELFAST PARTNERSHIP BOARD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF ACCOUNTING POLICIEI S Continued Depreciation Depreciation is calculated to wi-ite off tlie cost of fixed assets over theii. estiinated useful lives at the following rates: Plant and machinei'y Office equipineiit Coiiipiitei- eqLiipment 250/0 residLial value 25 /0 I'esidiial value 25 % i-¢sidiial value Repairs and Renewals All repaii's and renewals al'e wi'itten off as incuri'ed Pension Costs The cliarity does curi-eiitly opei'ate a defined conribution pension scheine. Debtors and Pi'epayments Trade debtoi-s and othei. debtoi's al'e reco(Tiiised at the settlement ainount due aftei. any discoLint offei-ed. Prepayments are valued at the ainount prepaid net of any ti'ade discounts due. Credito i's and Pi"ovisions CIEditors aiid pi'ovisioiis are recotrnised where the chai'ity has a pi'esent obli(yation I'esiiltino fi'oin a past event tliat will probably resiilt in tlie traiisfer of fLinds to a third party and the aiT)OLint dLie to settle the obligation can be Ineasured oi. estimated i'eliably. Creditoi's and pi-ovisions al'e noi-lnally i-ecotsnised at tlieii. settlement amoiint aftei. allowintr foi. any ti-ade discounts due. Financial Insti'uments The Chai'ity only lias financial assets and financial liabilities of a Icind that qualify as basic fiiiancial instrLiineiits. Basic financial instriimeiits al'e iiiitially reeoonised at ti'ansactioii value and subsequently measui'ed at theii. settleiTJent valiie with tlie exception of bank loans which are siibsequeiitly measLired at amoitised cost using the effective intei'est Imethod. oi'eign Currencies Monetary assets and liabilities iii forei(Fll cul-rencies al'e ti-anslated iiito stei'liiig at tlie rates of excliange rilling at tlie balance sheet date. Traiisactioiis in foreign curi'encies are ti'anslated into stei'lin(y at the rate of exchange I'uling at tlie date of tlie transaction. Exchantye differences al'e talcen into account in ari'iving at the net movement in funds. Paoe 13
WEST BELFAST PARTNERSHIP BOARD FINANCIAL STATEMENTS FOR THE YEI AR ENDED 31ST IIIARCH 2024 STATEMENT OF ACCOUNTING POLICIEI S Coitllnued Fund Aecounting Unrestricted funds are geiiei-al funds tliat al'e available foi. use at tlie Trustees, discretion in ftirtlierance of tl)e charitable objectives of the cliai'ity Linless tlie fiinds have been designated for other purposes. Designated fliiids are uiirestricted funds set aside by tlie trustees out of uiirestricted funds for specific fiitiire purposes. Resti'icted fuiids are t]iose given for use in a paiticulai. area or for specific puiyoses, tlie use of wliicli is restricted to tliat ai'ea or PLirpose, Endownrneiit fvnds are SLibject to specific conditioiis by don0 thal tlie capital must be maintained by the chai'ity. Tlie iiicoine received from fuiiders depends on the eliai'ity meeting detailed ci-iteria on expenses plans. Grants given uiidei. SLiclI conditioiis al'e also giveii subject to tliem being obtained for in coiinectioii with tlie fiiitlieraiice of tlie cliai'ity's aiins and objectives. Sucli incoine cali be repayable to tlie fijiider if sucli e.Ypenses pla115 and criteria al'e not inet. Siich income is only deferred wl)eii Ilie donor specifies tliat tlie graiitldonation Inllst oiily be Lised iii futtii'e accounting periods. 01- the donor has iinposed conditions whicli mLlSt be inet before tl)e cliarity has Liiicoiiditioiial entitlemeiit. Incoine from cliai-itsble activities includes income received under conti'act or wl)ere entitlement to 'alIt fiiiidiiig is subject lo specific perfonnance coiiditlollS is I'ecogiised as eaimed as tlie i'elated goods/sei'vices al'e pi'ovided. Gi'ant income iiicluded in this category pi'ovides fuiiding lo suppoit performaiice activities aiid is recognised wliei-e there is entitleineiit, certainty of receipt and the amouiit can be measured with SLifficient I'eliability. liicome is defeiTed wlieii.. feeslperfoiinance I'elated grants are received in advance of the perfonnaii¢eleveiit to wliich tliey relate. Reserves Policy West Belfast Parlnersliip Boai-d reserves policy is to maintaiii a sufficiei)I level of resei'ves to enable operating activities to be Inaiiitained foi. a period of at least 3 to 6 Inontlis in tlie evei3t of majoi. fundii)o streams eliding. The resenies policy also talces accoiiiit of covei'ing costs in the eveiit of closui'e, to covei. I'ediii)dancies, rents, and fees tliat al'e dlie iiicluding statutOLy audit fees. It also lalces a¢¢ouiit of poteiitial i'isks and coiitingeiicies tliat may arise fi'oin tiine to tiine. West Belfast Paitnership Boai'd inaintain uiii'esti'icted I'eseives if accriied sliould be Lised for tlie purposes ¥vhich Ineet tlie aiins and objectives of West Belfast Partiiership Boai'd. Tlie board 51iould monitor and review tlie amount ol unresti'icted i'eseives bi-monthly iii additioii to the level of I'estricted reserves. Page 14
WCIST BEI LfrAST PAIITIYERSHIP BOARD sTATE1[ENT or FIIYAIYCIAL ACTIVITIES th¢ inLomc #nd eT FOR THI YE.4R E4 NDCID 31ST {ARCH 2024 riitin L'ndilui'e ac¢ounl Uhr¢5ti'iced Resli't¢lLd Eiidiiiviiment TOTAL Funds l."uiiils 2024 TOTAL 2023 INCOfvIE AND ENDOWNITrlEINTS FROfvI: DonRlioJJs ajjd 1¢8a¢ies Incoiiie from itsvesiments 14.374 9,150 669,175 683.549 9.150 774,926 7,998 Incoiiie from otlier trlldiiig a¢iivities TOTAL INCO11[ AND ENDOWNtlCNTS 23,524 669,175 092,699 782,924 IXPEINDITURE ON: E.xpend2ture on raising fiiftds 669.175 669,175 740,827 Oilier expeiidiiiire Nei gaitss/llosses} on investinenls TOTAL REI SOURCES E.XPENDED 669,175 669,175 740,827 NEIT IIYCOfvILlllI XPC4 Yi DITURE) 23,524 23,524 42,097 Traiisfers betsveen fiinds NET loVEIElNT IN fvNDS 23,524 23,524 42,097 RECONCILIATION or ruNDS TOTAL FUNDS BROUGHT fioRWARD 96,763 15J.786 250,549 208,452 Transfers beisve¢ii flind5 153.786 1153.7861 TOT.4L FIUNDS CARRIED f4ORNVARD 274,073 274,073 250,S49 I'lie StatemL'nt or riiian¢141 Aetivltles Includts 4111 glliiis Trnd Itbs¥es tn tlie yeiii. and thei'efoi'e li Slnt¢meiit of Totil Rocogni5cd Cniiis ujid Losses li#s not b¢¢ll preptsi*d All of the xlTr(bvL' Amounts reliLt¢ lo ¢olltinuing #clivifies Th¥ QCCOnilJJltiying 1ecottntirtg pollcl¢s Ihc nDtey forrn pllrt olllitse fition¢illl sithltmÈDIs Page15
WEST BELFAST PARTNEI RSHIP BOARD BALANCI SHEI ET AS AT 31ST MARCH 2024 2024 2023 NOTES FIXED ASSETS Tangible assets 12,556 16,741 CUIIRENT ASSEI TS Debtors and pi'epayments Casli at bank Cash in hand 101,278 225,714 126,382 177,106 io 326,992 303,488 Ci'editoi's: amounts falling due within oiie year 12 (65,475) (69,680) NET CURRENT ASSETS/(LIABILITIES) 261,517 233,808 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIEI S ) 274,073 250,549 Creditors: amounts falling due after more tlian one year 13 NET ASSETSI(LIABILITIES) 274,073 250,549 FUNDS: ENDOWNMII NT FUNDS UNRESTRICTED INCOME FUNDS 14115116119120 274,073 96,763 RESTRICTED INCOME FUNDS 14115116119120 153,786 274,073 250,549 APPROVED ON BEHALF OF THf BOARD OF DIRECTO JIM DONNELLY DIRECTOR AMUS O, IRECTOR 4tli Deceinber 2024 DATE 4th Decemb¢i' 2024 The accoinp.Inying #ccountiiig policies And notes form p4rt of these fin:Ih¢ial 5t*temeiit5 Page 16
WEST BELFAST PARTNERSHIP BOARD STATEMENT OF CASH FLOWS FOR THEI YEf AR El NDED 31ST MèiRCH 2024 2024 2023 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Casli generated fi'oin operations 15 48,608 (10,568) Net casli iiiflow/{oufflow) fi'oin opei'atiii(y activities 48,608 (10,568) IniTestin<F activities Jiivestment income Purcliase of taiigible fixed assets Acquisition of investments Disposal of investtnents Disposal of taiigible fixed assets (2,200) Net cash from iniiestin(F activities (2,200) Inci'easel(decJ-ease) ill cash and cash equivalents in the year 48,608 (12,768) Cash aiid casli equivilents at the beginnints of the ye21" 177,106 189,874 Cash and cash equii'alents at the end of the yeui. io 225,714 177,106 Relating to.. Cash slt bxnl< And ID hand 225,714 177,106 Tlie Accompanying &ccounting i)olicies Iiotes forin pnrt of tliese finAncial stntemenls Page 17
IVEST BELfilST PARTNERSHJP BOAII NO ES TO TIIE FINrliNCIAL s'r.41'EIlqENI TS roR THE YEAR KINDED JI IARCIV 2024 I. DONATIONSANDLEGACIES UnresivScied ftestrlclcd Fu4kds und5 Fund5 2024 2013 Doiisiions 2. INCOTrIE fbROfvI INVESTrENTs UnreJlrtcl¢U Resti'icled Fun41s 2024 Fun(l$ 2013 Ir¢ome frorn UK Iisied invesiinenis J. INCOME FROM CHARITAIILE ACTIVITIES Unvesli'ittcd Rtsirl¢lcd Fun(l$ 2024 ds Fun(l$ 2023 D¢pJnmeDI foTComiKuniiic5- Coininuniiy EniSM>iveThneni Division Departineiii forcominunilies- Coinmunity EmpoiYeiineRI Divi5ioiI Capital Equipinent Dep4rlmenl of EduLaiion Federation of Ffiinily Prattiices Wesi Belfast C.l.C PubliL H¢Jlili Abien¢y Fiill Service Coillmunitv Neliyoik Noriheni Ireland Council on Voluiilw Aeiion Bell¢ City Coun¢il- Educaiion Runk FouDdg1ion Limiicd- Tiaiiiin8 Posl Fibre'fminin¥ EnviroIiin¢nl Sponsorsliips Aislints Bursnries {SeeNGTrie 18J 135.405 135.405 148.517 29,542 ?00,000 29,54? 200.000 12,874 166,789 4J50 43,460 18,000 179,663 4,350 43.460 18.000 53,980 ?O,O(M) 17,625 165?62 34,00 2?.500 53,9go ?0,000 17,625 165 ?62 34.000 198,056 198.U56 I,) 1.500 87,iOO 2.500 87500 81.000 81,000 Les& Deferred Income (SeeNoie 12) 14.374 669.175 683.549 2.500 77?,4?6 774,9?6 4. INC0IE fROI OTHER TRADING ACTIVITIES UnJ'e51riclod Rcslrielc 2024 Fund5 Irunds 2023 Fundraisinb Generated income 9.150 7.998 7.998 9,150 9,150 7,998 7,998 Pogye IS
IVCST IJELfAST PARTNI ERSHIP DOARD NOTES TO THE filiNAYCL4L STATEfvIENTS roR 1'HE I'EAR ENDID 31ST lARCH 2024 5, EYPCY¢ DITURE ON RAISING fuNDS Unrfstrletcd Rtslrlelt Fynas 202 2023 Promoiional nnd fundioising costs 6. E.YPENDITURE ON CFL4RITABLE ACTIVITILS Unr¢slrl¢ted ticstricte irunds Funi15 Unvc$iL'leied Rtslrltltd 2024 2023 Wages and salaTie5 (See Ngle 81 SoLial seLiirity cu515 (See Ng¢¢ 81 Publicaiiorts, re¢riiiliMertl and 4dvertising Conference ad ITllining progroinm¢5 Maierithls 297.480 297,480 4?.995 8,083 ?86,45 ?86,454 33,231 5,400 696 8.083 5,400 2.137 8,313 1,648 166,470 87,SQO 192 8.313 1,648 1fj6,470 87,500 19? 6.600 6.600 9?4 230.718 81,0(J) 616 Trnvel cosls Programme ¢0515- CQTe (See Ngie 17) Aisling buTsori¢s Sundtsr exPee$ ?30,71 81.000 616 614,8111 614,818 645,639 64S,639 SIEI)i)ort C05tS 9nd Gov¢'rnsiiice eosls Telephone. compuier InDini¢nnnce and iniernei Renl Dnd service chor¥es Room hiie llnd hospithlity cos15 In5Utatttc Liglil and h¢ii I 6.078 16.004 1.060 3.136 5.473 600 6,078 16,0fy1 1,060 3,136 5,473 3.1?9 21.020 2.541 4.003 3.085 650 5.080 1,190 962 4,003 3.085 650 S.080 Consulillncy le£5 Prirtling. posiage slalion¢ry Repairs and Inaintenanc¢ Ctspilnl Lquipmenl c0515 HiTe of eouipinent Depre¢i4iiion (S¢t Nofe 9) Aiidii fees LegEiI ond olher professioiial fee5 Subscripiions and IiLenLe5 Bunk interest and ¢bJrges 4(M) 400 962 8.2iS 4,185 3,996 8,451 5,397 J.996 600 4.185 3,996 5.397 6(Kl 2,4)8 3,845 3,843 54,357 ,357 95.188 95.188 TOTAL E.XPENDITURE ON CHARI'fABLE ACTIVITIES 669,175 66Y,17S 740.827 740.827 Page 19
WEI ST BELFAST PARTNERSHIP BOARD NOTEI S TO THE FINANCIAL STATEI MEI NTS FOR THE YEAR ENDED 31ST MARCH 2024 7. NET (OUTGOING)/ INCOMING REI SOURCES FOR THE YEAR This is stated after chargingl(crediting) 2024 2023 Auditoi's I'einunei'ation Depi'eciation 3,996 4,185 3,996 5,397 8. SALARY COSTS AND EMOLUMETrITS 2024 2023 Total staff costs wei'e as follows: Wages and salai'ies - key management pei'sonnel Wa(yes and salaries - othei. staff Elmployer social secui'ity costs - key manaoement pei'sonnel Employer social secui'ity Costs - otliei. staff Employer social secui'ity costs - StatLltoi'y Matei'nity Pay Recoverable Eniployer social se¢ui'ity costs - Einployinent Allowance 93,451 204,029 17,008 25,987 96,068 190,386 17,811 15,420 340,475 319,685 The ave17ge Inontlily iiuinber of employees diii'ing tlie yeai. was as follows: 2024 Number 2023 Nuinber l2 No employees had emoluments in excess of £60,000 (2023: £Nil) Trustees, remuneration and benefjts Tliere was no ti'ustees, i'emunei'ation oi. othei. benefits foi. the yeai. ended 31 st Mai'ch 2024. (2023: £Nil) Trustees, Expeiises Tliere wei'e no trustees, expenses paid foi. tlie yeai. ended 31 st March 2024. (2023: £Nil) Page 20
WEST BELFAST PARTNERSHIP BOARD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3JST MARCH 2024 9. TATrIGIBLE FIXED ASSEI TS Pl1t & Office Macbineiy Equipment Cornputer Equipment Total COST As at 1st April ?023 92,5?3 229,713 3?9,9?9 Additions Disposals As at 31st March ?0?4 7,693 229,713 329,929 DEPRECIATION As at I st April ?023 5,889 92,061 215,238 313,188 Charge for year Eliminated on disposal 451 115 3,6l9 4,185 As at J I st March 2024 92,176 218,857 317,37J Net book value 2024 347 10,856 12,556 Net boolc valLie 2023 1,804 462 14,475 16,741 10. CASH AT BANK 2024 2023 AIB (NI) - cTe1]t Accoiints 225,714 177,106 225,714 177,106 Page ?]
WCIST BEI LFAST PARTNII RSHIP BOARD NOTES TO THE FINANCIAL STATEfvIENTS FOR THC YEAR ENDED 31ST MARCH 2024 11. DCBTORS: AMOUNTS FALLING DUE WITH]N ONE YEAR 2024 2023 Trad¢ debtor5 Giants r¢¢¢ivable Pirpayments 101,278 126,382 101.278 126,382 12. CREDITORS.. AMOUNTS fiALLING DUEI WITHIN ONC YEAR 2024 2023 Bai)k overdi'afts Social security costs and other taxes Dcfcrred iiicome Accrued ¢xp¢nses 1,918 15,512 4S,000 7.2iO 11,403 46.000 8.072 65,47) 69.680 13. CREDITORS: Af¥lOUNTS FALLING DUE AwfER MORE THAN ONC YEIAR 2024 2023 Baiik loans Deferred income 14. ANALYSIS or NET ASSETS BETWEEN FUNDS Tongible Debtors Cash al nd Boiik arid Assets Prepaymcnts in Hand Creditors and A¢cruals Transfers bctwceTh Funds 2024 2023 Unrcsti'i¢t¢d Funds 141,631 (35,718) 168.160 274,073 96,763 Resli'ieled funds 12.556 101.278 84,083 129,757) {168.1601 153,786 Totlll Fuiids 12,556 101.278 22S,714 165,4751 274,073 250.549 IS. RECONCILIATION OF OPII RATING PRofilT TO NET CASH FLOW FROM OPERATING ACTIVITICI S FROfvI OPERA'fiNG ACTIVITIES 2024 2023 Opei?ling Surplus1{Delicitl for the year D¢prcci4ltioi) Movement in debtOl'5 Mov¢mcnt in ci'edilors Gain on investinents {Pi'olilllLoss on disposal of Fixed Assets Investment incomL 23,524 4,185 25,104 14,2051 42.097 5,397 {36,891} Net Lash inflowl(outflow) froin operating Drtiviti¢s 48,608 110,568 Page 22
WEST BELfAST PARTNERSHIP BOARD NOTEIS TO THE filNANCIAL STATEfvIEI NTS FOR THE YEAR ENDED 31ST MARCH 2024 16. [oVEIENT IN FUNDS Net t*lovemenl in Fiiiids 2024 Opening Biilance Transfei's behvccv fi lind5 Income I xpenditure 2024 2023 Uni'esti'icted Funds 96,763 23,524 23.524 153,786 274.073 96,763 Resti'icled Fund5 153,786 669.17) {669,175} 1153.786) 153.786 250,549 692,699 {669,175} 23,524 274,073 250,S49 17. PROGRAMfvJE COSTS- CORE 2024 2023 Idu¢alion Packages Tutor Fees Room Hii'e GCSE Suppoit and Matei'ials Afteischools Progi'aiMinLS Belfast City Council - Education Prog1mMe Belfast City Council Tuloi Nu13ery, Pi'iinai'y and Tiansition costs Support Costs and Confei'ences EnviiDnmental Prugrammes H¢alih PiY)gi'ammcs Training NICVA 14.581 2.356 9,454 10,500 39,244 17,889 50,676 6,254 200 13,316 2.000 27,213 10,164 2,019 26,143 97,753 5.288 50,622 3,607 2.460 5,IS6 293 166,470 230,718 Poge ?3
WEST BELFAST PARTNEIRSHIP BOARD NOTl*S TO THE FINANCIAL STATEITrIENTS FOR THE YEAR ENDED 31ST iWIARCH 2024 18. AISLINC BURSARY SPONSORS 2024 2023 Tlie Kenn¢dy Cenire Beltast Media Group Belf¥Jst Taxis Coaclies C.l.C Brassiieck Thea(re Company lont42oblias na Gaelscoloioclilo t(RW Law Advocates Dail'y Farm Ti?iniiig & Peopl¢ Isl ConneLled Healtli Ltd Neiysiait Education Ccnlre Tlie Roddy MLCorley Social Club Whitemounlain Quarries Kolorfflasler Bclfast Upper Andersonslown Cominunity Forum ITullymorc} Clarke and Co Accountants Work Wesl Enterpi'isc Agcncy Andor Technolog), Ltd Belfa51 Educational SLrvice5 Limited Opeii College Netivork Nl Féile an Phobail Galar Ireland Ltd- Coopcrs Pliaiina¢y ThL Ortus Gi'oiip Tl)e Ortus H&TTy Coll Memorial Bursciry Spirit A¢rospace (Boinbiirdier Inc) Innovation fic Clory Be1141St {Oxfoi'd Innovcltion Factory Lid) Turley Asso¢iales Open UnivLrsity Conivtty Street PreS¢TVation Trust Limited Clonard Credit Union ALtive CotllTnunitlCb Sliabl) Dubh Toman Accountancy Services Limited Westivood Centre l-tom¢fit Data Dispatch Car College Heart Pi'uje¢t M1< dden and Finiicane Solicitors Spttr Twin Spiirs Tread the Boards Toivnscnd Entei'prises Fl)uise Og Upper Spi'ingfield Development Trust rAilte Feii'sle Thfiii. Aras Ui Chonghgkile BlclcI(i¢ RivLr Communily Gi'oup Ciilturlanii Di'ivcr Th¢ory Bclfast Ltd Ardmoiiagh Family Centit Rodcn Si1¢¢t Coii)munity Group Cai'lilie Finai)cial Ballyinac Hotel Clonard Residents Association Boiirke Sw)rts Sxveways Lic urel Leat DKZ 26 West Nl T¢¢hnology 500 1,000 1,000 500 1,000 1,000 1,000 2,000 500 i.ouo 2,000 1,000 1,000 500 500 2,000 1,000 500 2.000 1,000 1.000 1,000 500 1,000 2.000 500 1,000 1.000 1,000 2,000 500 1,000 2.000 500 1.000 500 500 2,000 500 2,000 1.000 2,000 1,000 2,000 500 500 500 500 50 50() 50() 1,000 1,000 500 1,000 1.000 500 1.000 500 500 1,000 500 2.000 1,500 500 1,000 500 1,000 I,oou 500 500 500 500 1,000 500 500 500 500 1,000 500 1.000 500 1,500 500 500 1.000 1.000 500 500 1.000 500 1.000 500 500 500 2,000 1,000 1,500 1,000 500 500 1,000 1,000 1,000 500 1,000 Page 24
Intei'im Security Solutions (Kevin McKay Beiimore Group) O'H&ra Slieaier Cl)ai'tei'cd Accoiintaiils & Stcltulory Auditors Workfoiee Ti'aining Services Lid Padiaig O'muirigh Solicitor5 Beechvale Nl Ltd (Decllln Hoeyl Falls Communitv Coullcil GLL Better for Everyone TRP Reci'uitment TLeling Training (Sally Gardens) Top of Tl)e Rock Community Rcslorative Justice Ireland ICRJII Copiu5 Con5uliim¢y Bic Imoi'al Hotel Active Comilliinities Tai. Anall Sinn Fein Frank Gillen Lcntre larie Mclli¥e¢ Mannys & Pizza Guyz Heiiderson - Ardbarron Trust Signco Theresa Dunlop Antrim GAA Coisle Int]ieistiochro Little O's Pizzeria Saf¢ Se¢ui'ity Nl AndLrsonstoivn Socidl Club Felolls Club Foolpi'inls Woinens Centi'e S3 Solutions BES Sprinu)valL Training i3SA 13uildin¥ Servic¢s Colin HungLr Strike Committee D¢velopment Trust Nl Belfast Hui'bour Cominissioiiers Beehive Gen Teeh Ace Taxis The Ferguson Foinily Tech Desk FibY¢ Contractoi's Lid Conael Shipping Services Liniiled Brendan fvlcK¢e Liam Mecarry OK Windows Precast Moulds West Belfast Pai'tnersl)ip Boai'd Tlii'¢e IT Servic¢s Brown O'cunnoi. Newlc rk Developin¢TJt M¢Crudden Trainor Solieitors Aiken Proinolion5 Lid South Antrim AA Argyl¢ Busincss Centr¢ Conradh na Gaeilge Balmoriil Construction INI} Limited Len8's Newsagents Biopax Limited Little fvlexican Deli St Comgall's- lonad Eileen Hoivell B¢cchlawn Hol¢1 1,000 500 1,000 1.000 1,000 500 500 500 500 1,000 500 1.000 1.000 500 500 500 500 500 500 500 1.000 1.000 1,000 500 500 500 500 1.000 1,000 2,000 500 1,000 1,000 1,000 500 1,000 1,000 1.000 500 500 1,000 1.000 500 1,000 1.000 1.000 1,000 1,000 1,000 500 500 1,000 500 500 500 500 1,000 500 500 500 500 500 500 1,000 1,000 1,000 500 300 1,000 1,000 1,000 1.000 1,000 1,000 500 1,000 1,000 1.000 500 500 1,500 500 500 1,000 2,000 500 500 500 1,000 500 500 500 87,500 81,000 Page 24
WEST BELFAST PARTNERSHIP BOARD NOTES TO THE FINANCIAL STATEMEI NTS FOR THE YEI IIR ENDEI D 31ST MARCH 2024 19. UNREI STRICTED INCOME FUNDS 2024 2023 Balance at 1st Api'il 2023 96,763 86,265 Incoining resoLlI'ces foi. the yeai. Resources expended foi. the yeai. Ti"ansfei' between tunds 23,524 10,498 153,786 Balance at 31 st March 2024 274,073 96,763 20. RESTRICTED INCOME FUNDS 2024 2023 Balance at 1st Api'il 2023 153,786 [22,187 Incoming resoiii'ces for the year Resoui'ces expended foi. the yeai. Ti'ansfei, between funds 669,175 772,426 (669,175) (740,827) (153,786) Balance at 31 st March 2024 153,786 21. LEI GAL STATUS West Belfast Pai'tnei'shtp Boai'd is a Coinpany Limited by Guarantee. Each Inember has agi'eed to contribute £1 iii the eveiit of a compulsoi'y winding up. West Belfast Partneiship Boai'd is I'egistered with The Cliarity Commission for Noithei'n li'eland, Chai'ity Numbei. 103564, Date of registratioii 26th April 2016. West Belfast partnership Boai'd is a i'ccogniscd Cliarity witliin the definition of Section 360(3) Income and Coi'poi'ation Taxes Act 1970 by the Coinmissioners of tlie HM RevenLie & Ciistoms. Page 25