IVEST BE4 Lff.4ST PARTYI EIRSHIP BOARD STATEt¥lEwr or r4lNANCIAL.4CTIVITICS roR THE YEAR fiNI DED 31ST fvIARCH 202S the income ex enditui'e aecount Ilnvesti'icttd RestvÉcled Eiidoiynment TOTAL Fund5 2025 TOTAL 2024 INCOt*lE AND CI NDOIVNNI IENTS fROfvI: Donarioiis lliid le8ocies Incoziie from inv¢siiiienls Income froin ¢liariiable a¢tLvilies Ii)¢oiii¢ from oilier tradin8 aclivities 2,000 16.252 l.Oi1.898 l.O)J,898 16.252 68i,549 9,150 TOTAL INCO11[ AIND ENDOIVNINICINI'S 18.252 1,031,898 1,051J,liO 692,699 I,XPENDITURE ON: Expenditiire oil raising fuijds Expendiiure 011 ¢liariiable a¢liviiies Oilier expenditure Net 8aiiislllosses} on inveslmcnls 16,535 922,612 939.147 669,175 TOTAL RISOURCIS EIXPENDED 16,535 922,612 939.147 669,175 NET IYI CONIE4 IIEXPENI DITUIIEI 1,717 109,286 111,OU3 23,524 TTaiisfers beliveen fiirtds NET I]0VEIEN7' IN FIINDS ,717 109,286 23,524 RECOINCILIATION or FIINDS TOTAL fi IINDS BROIIGHT f4ORIVARD 274,073 274.073 250.549 Traiisfers beliveen fisiid5 109.286 109,286) TOTAL FIINDS CARRIEI D FORIVARD 385,076 38i,076 274,073 The Siutemellt of finan¢541 AcflyitiLs in¢llldes illl g?1 ins i?nd 1055es in thi, yoai. tli¢r¢fure Silllenient of T11 Rt¢oiinlsed Galns Losses li15 not bcen i)i'ep,ii'ed All of thL' ub(iY¢ #mount$ i'tl4fe to tontinuing Aelivities Pa8¢ 15
WEST BCI LFAST PARTNEI RSHIP BOARD BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 NOTES FIXED ASSETS Tangible assets S86,904 12,556 CURRENT ASSETS Debtors and pi'epayments Cash at bank Cash in hand 209,943 1 $5,452 101,278 225,714 10 365,395 326,992 Creditors: amounts falling due within one yeai. 12 (257,975) (65,47S) NET CURRENT ASSETSI(LIABILITIES) 107,420 261,517 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 694,324 274,073 Creditoi's: amounts fAlling due aftei. more than one year 13 (309,248) NET ASSETSI{LIABILITIES) 385,076 274,073 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 14115116/19120 385,076 274,073 RCI STRICTED INCOME FUNDS 14115116119120 385,076 274,073 APPROVED ON BEHALF OF THE BOARD OF DIRECTORS . JIM DONNELLY DIRECTOR '"sÉAMUS OIR /DJRECTO DATE 21 st October 2025 21 st Oclobei- 2025 Tlie attompAnying accfjuntiijg policies Iiotes form plrt of these finllnciHI 5tlltementS Page 16
WEI ST BELFAST PARTNERSHIP BOARD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 202S 2024 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Cash genei'ated from operatioiis 15 519,010 48,608 Net Cash inflowl(outflow) fi'oin operating activities 519,010 48,608 IDvesting activities Investment incoine Piii'chase of taiigible fixed assets Acquisition of investments Disposal of investments Disposal of tangible fixed assets (589,272) Net Lash from illvesting activities (589,272) IncreSe/(decre5e) Ill cash and cash equiv4qlents in the year (70,262) 48,608 Cash and cash equivalents at the beginning of the yeai. 225,714 177,106 Casl) and cash equivalellts at tlie end of the year io 155,452 225,714 Relating to: Cxsli at banli and in band 155,452 225,714 The ficeompanyiiig Ac¢ountSng policies and notcs foi'rn pArt of ihe5e finaD¢ithl statements Page 17
T BELFASI. PARTNI CRSHIP IIOARD NOTES TO-fHE FINANI CIALSt TE1 roR THE YEIIR EIYDfD JIST lARCH 202$ I. DONI ATIONS.4IND LEGACIES Unresli-itied R¢strlcl¢ Fund$ Unrt$ii'Scitil Resiri¢ied riunds 2025 2024 Donaiions Lcb?aci¢5 2. INCOfvIE fROI¥I INVESTl¥lENTS [nlI 2O2S Fllmi15 rtsn(Is 2024 Incoine froin UK listed invesimenis 3. INCOlE fRON.I CH.4RITAIILE ACTIVITIES Uni'csiricied Resirl¢i¢ Funds ruiids Unrcstritied Re$lricteil ITuiids 2025 2024 Dcpartinenl forCoillTriinilie5- Coiniiiunity Einpolirlncnt Division Departineni forcoiiimuniiies- CominJnipJ Einpoi%'ermeni Division C%lPll01 Equipin¢ni Departinenl of EducDlion Fedetaiion ofi.'Jmily P12i¢ii¢es Wesi B¢ifJsl C.l.C 131.687 lJl.687 135.405 135,405 09,16? 209,16? 166.789 4.350 43.460 18.00(J 179,603 4.350 43,460 18,000 46.537 19,000 20,000 46537 19,000 Full Servi¢e Communily Neiivork. Aiyards forAII Bellast City Coiintil Rii Ilk Found110 Limiied TroininLr P051 Enviroiiinent Sponsorships Aislin¥T Bttrsi¢ ri¢s (See Noié 18) 45?,090 198,056 198,056 2.0 ?,000 138,000 .500 1,500 87.500 138.000 87500 Le55'. D¢fetr¢d Incoiiie (.*écNoie 12) 130,0001 130.0001 2.000 1.031,898 1.033.898 14.374 669.175 683.i49 4. INCOlE Fftolwl Ol'HF.R TRIKDINC AcfiviTIES Funds riind5 2025 2024 FuDdr8iSlD Getteiiiied incoine 16.252 16.25? 9,liO 9,150 9.150 9.150 Pag¢ 18
STPA TIYER.SHIP BOARD NOTES TO THE FINAY IAL STATli lINT5 FOR THE YEAR fNDID 31ST Tr1.4RCH 21125 3. EXPINDITURE ON R.415ING FUINDS Urti'esti.Icied Resirlcled Fuiids U•restrlctcd Rt.%lrl¢ied Z02S 2024 Proittoiionol lundraisin8 Costs O. E.NPENDITVRE ON CHARITAJILE ACTIVITIES Unresti'irlcd Rtslrleied rruiids rLllJtds Unrestrlcled Resirl¢ied 202S 2024 Wage5 and saliries (See Noie 8) Social seciirity cos15 (See Ivoie Il) 347.090 4.73? 9,951 16.062 fj.232 8.590 4.190 347,090 )97.480 49,995 8,083 ?97,480 4?,99) 8,083 9,951 16,062 Coiiference and Inining prograinines mterIalS 8.590 4.120 272,123 138,000 8.313 1.648 166.470 87,500 19? 8.313 1,648 166.470 87,500 19• TTJvel c051S Prograinine costs- core (Ste Noig 11) Ai51ing Biiysaries (See Noi& 18) Siindry expenses iJ¥.ooo 84V,I)00 84(J,900 614,818 614,818 Suppni't Cists Covtj'nniitc cosls T¢leplione. coinpuleT mllinl¢ngnce and iniernei Relit and 5¢rvice th&rges Even15. rooiii liire fynd11o5pi11ty costs 4,81? 27,65• 6.368 4.405 4.748 575 4.050 4,81? 27,65? 6,368 4,405 4,748 575 4,050 6.078 16.004 1.060 3,136 5,473 600 6,078 16,004 1,060 3.136 5.473 600 Liglil and hEtsI Cleaning CoDsuliancy fees Printin& p05thge tsnd siaiionery Repairs and Inii inienanct Capiial equipmenl cos15 Hire ofequipmeiil Depre¢iaiion (See Noi¢ 9) .402 8.462 400 400 5.580 3,139 3.990 5.580 14.924 J.996 8,?55 4,185 J.996 4,185 3.996 Le2al and oilier professional fees 2,880 4.982 4.981 1.870 3.B43 3,843 Lolln inieresi Bonk inleTC51 cliarges 1,870 16,53) 81,712 9¥,247 54,357 TOTAL EXPENDITVRI ON CHARITABLE AcfIviTIE.S 16.SJS 922.612 939,147 669,175 669,175 Pnge 19
WEST BELFAST PARTNERSHIP BOARD NOTEI S TO THE FINANCIAL STATEIVIEI NTS FOR THE YEAR ENDEID 31ST MARCH 2025 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after charging/(crediting) 2025 2024 Auditoi-s I'einunei'ation Depi'eciation 3,996 14,924 3,996 4,185 8. SALARY COSTS AND EMOLUMENTS 2025 2024 Total staff costs wei'e as follows: Wages and salai'ies - key inanagement pei'soniiel Wages and salaries - othei. staff Employer social secui'ity costs - key inanagement pei'sonnel Employer social security costs - otlier staff Employei. social seciii'ity Costs - Statutory Matei'n ity Pay Recovei'able Eiiiployer social security costs - Employment Allowance 136,014 211,076 22,923 24,809 128,305 169,175 22,654 20,341 (5,000) 389,822 340,475 The average monthly niimber of eimployees during the yeai, was as follows: 2025 Number 12 2024 Number No employees had einoliiments iii excess of £60,000 (2024.. £Nil) Trustees, remuneration and benefits There was no Ci'ustees, I'emLinei'ation oi. oihei. benefits for the yeai. elided 31 st Mai'cli 2025. (2024.. £N il) Trustees, Ei xpeiises There wei'e no ti'iistees, expenses paid foi. the yeai. ended 31 st Mai'ch 2025. (2024: £Nil) Page 20
WII ST BELFAST PARTNERSHIP BOARD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR El NDEI D 31ST MARCH 2024 9. TANGIBLE fiIXED ASSETS Land & Plant & Office Buildings Machineiy Equipment Computer Eqiiipment Total COST As at 1st Apiil 2024 7,693 229,713 329,929 Additions Disposals 589,272 589,272 As at 3 1st Mai'ch 2025 589,272 7,693 92,523 229,713 919,201 DEPRECIATION As at 1st Api'il 2024 6,340 92,176 218,857 317,373 Charge foi. year Eliminated on disposal 11,785 338 87 2,714 14,924 As at 31 st mai.ch 2025 11,785 6,678 92,263 ?21,571 332,297 Net book value 2025 577,487 1,015 260 8,142 586,904 Net book value 2024 1,353 347 10,856 12,556 10. CASH AT BANK 2025 2024 AIB (Nl) - Cun'ent Accounts 155,452 225,7l4 155,452 225,714 Page 21
WEST BILFAST PARTNERSHIP BOARD NOTES TO THE fiNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST i¥IARCH 2025 I I, DEBTORS,. AfvlOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Trcidc debtors Grants receivable Prepayments 209,943 101,278 209,943 101,278 12. CREDITORS.. AMOUNTS FALLING DUE NVITHIN ONC YIIAR 2025 2024 Bank overdrafts Bank loans Social security costs and othe¥ l&xes Deferred iiicome Accrued eKpe115es 40,752 11.692 75,000 130.531 11.403 46,000 8,072 257.975 65,475 13. CREDITORS: AfviouKrs riALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bic nlc loans DeF¢ffed income 309,248 309.248 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible D¢btors Cusli at aiid Bank and Assets Prcpaymenls in Hand Crcdiiors and Acci'u1¢15 TrunsF¢r5 beiiveen Funds 2025 2024 Unrcstricied Funds 577,487 133,736 1350,000} 23,833 385,076 274,073 Resiri¢led Fund5 9,417 209,943 21,716 (217,223) 123,8531 Total Funds 586.904 209.943 155,452 {567 ?231 385.076 274.073 15. RECONCILIATION or OPERATING PROFIT TO NET CASH FLOW FROM OPIRATING ACTIVITIES FROfvI OPERATING ACTtVlTIES 2025 2024 Opcrating SurpluglDeficill for the year Depreciation Movemei)t in debtors Movenient in creditors Gic in on investments {ProfitllLoss on disposal ol Fixed Asscts Inv¢slinenl income 111,003 14,924 1108,665) 501,748 21,524 4,185 25,104 14,205} Net eash illflowlloutlloiy) from opei'ating activities 519,OLO 48,608 PuEe ?2
WEST BELfAST PARTNERSHIP BOARD NOTEIS TO THE FINANCIAL STATEfvIENTS FOR THE YEAR ENDED 31ST fvIARCH 2025 16. {oVEIENT IN fuNDS Net Trlovement in fi unds 2024 Opening Bnlnn¢e Ti'an5fers behweeji Fuiids lrt¢ome Expenditure 2025 2024 Unrestricted Funds 274.073 18.252 116.535) 1,717 109,286 385,076 274.073 Restricted Funds 1.031,898 (922.612) 109,286 {109:2861 274,073 1,050,150 1939,147) 111,003 J85,076 274,073 17. PROGRATr11E COSTS- CORE 2025 2024 Ediication Pa¢kages Tutoi. Fees Rooin Hire GCSE Support and Matei'ials Atlerschools PIDgianitnes Belfast City Council - Edu¢aiion Progmmmes Bellast City Council - [UltiplY Programme Belfast City Coun¢il - Tutors Nursery, Pi'imai'y and Ti'ansition costs Suppoi'l Costs and Conf¢rcnc¢s Envii'oninental Pyogi'ammes Health Pi'ogi'ainines Ti'aining Social Supei'mai.ket 29.036 15,132 14.581 2,356 9.454 10.500 39,244 22.622 25,7SO 21,404 115,970 17.889 50,676 6,254 200 13,316 2.000 9.575 570 32.064 272,123 166,470 Page ?3
WEST BILFAST PARTNEI RSHIP BOARD NOTES TO THE FINANCIAL STATCI MENTS FOR THE YEIAR ENDED 31ST MARCH 2025 18. AISLING BURSARY SPONSORS 2025 2024 26 Wtst Bai. & R¢staurant Ace Taxis Active Communities Aiken Pi'oinoliolls Lid All Saints College An fhui5eog Andeon8101vn Social Club Andor T¢chnolo8y Lid Anti'iin GAA Al'as Ui Chonghaile Ardinonagh family Centi'e Aroyle Business Ccntr¢ Balmo1 Consti'uction (Trll) Limited Bee¢hlaivn Hotel Bec¢hvale Nl Ltd {D¢¢li¢ n Hoey) Beehive Belfast Educalional Sei'vices Limited Belfast Hai'boui. Comillissioneys Belfast Lcui'niiig Cities Belfast Media Group Belfast Taxis Coaches C.l.C Biopax Limited Blackie River Community GiY)up Bourke Spoi15 BS&n¢¢k Theatre Company BIEedon Gioup {Foirnei'ly Whi¢tt Mountain Quai'riesl Bro%vn O'connoi. Communications B.SA Building Servi¢es Buses Belfasi Association Cai. College Caufields Bai. IFoi'mei.ly Sliabli Dubh) Clarke and Co Accounlanls Clonciiyl Credit Union Clonai'd Resid¢nls Association Coiste Intheistiochta Colin Hungei. Sii'ike Commit¢e¢ Community Resioralive Justice Ireland {CRJI) Coiiael Shipping Scrvi¢#s Limited Connecl¢d Health Ltd Coni'adh na Gaeilge Conway Siieet PI¢sciwaiion Trust Limitrd Copius Consultancy Dairy Farm Ti'aining & People Isi Data Dispatcli Depailmeni for Econoiny Developinent Ti'ust Nl Failie Feii'ste Thair Falls Community Coun¢il Feile an Phobail F¥lons Club Fibi'e Coi)tractors Lid Footprints Womens Cenli'c Lialar Ii'eland Lid - Coopers Pharmacy GLL Bettei. for Everyone Gfvl fvlarketing Heoit Pi'ojecl 500 1,000 500 500 2,000 500 1,000 2,000 1.000 1,000 1,000 500 1,000 1.000 500 iOO 1,000 2.000 1,000 1.000 1,000 2,000 500 500 500 sou 2,000 500 500 500 1.000 i.ooo 4,000 1.000 1,000 1,000 1.000 I,soo 1,000 500 2,000 500 500 1,500 1,000 1,000 500 2,000 500 500 1.000 2.000 500 500 i o,ooo 500 1.000 500 1,000 500 500 1,500 iOO 1,000 500 500 1.000 2,000 500 500 1.000 1,000 500 500 2.000 500 500 1,000 1.000 500 35.000 500 1,000 500 1,000 1,000 1,000 500 2,000 1,000 1,000 500 1.000 500 500 1,000 500 1.000 500 500 Page 24
Hon)efit Howai'd Hastings Bui'saiy Innovation Factoiv Belfast {Oxfoi'd Innovation Facloly Lid) lonlaobhas i)a Gaelscolaiochta Koloi'ii)aslei' Beltast KR W Laiy Advocates Laui¢l Leaf Lena'5 N¢ivsagents Lirlln Mccairy Liltlc Mexican Dcli LMC Events Solutions Madden and Finueane Solicitors Maggies Lounge and LiLiuor(Foi'merly Laurel LcaQ Maklin Care Floilles Mannys & Pizza Guyz Mccl'udden Ti?inor Solityiloi's M¢llivee Bui'saiy Newark Dev¢lopmenl Neivpork Homes Neivstart Education CentiE Nl Technology O'FlaYa Sheai'ei. Chailcrcd Aecountants & Siolutoiy AudilOI'S OK Wii)doKv5 Open College N¢twtsi'k Nl Padraio O'muirigl) SolicilOI'S Piecasl fvloulds and Engincei'ing Roden Sti'eet Community Gi'oiip S3 Solutions Sate Seeurity Nl Savewa)'s Signco Sinn Fein- wLst Beltast Soutli Antyim AA Spar Twin Spii'es Spi'ingvAle Ti'aining St Cotngall'b - lonad Eileen Howell Si fvlaiys Ui)ivci'sily College Tai. Anall Tecli Desk CIC Teeling Ti'aining (Sally Gardens) The Fergusoi) Family The Kennedy CLnti'c The Oitus Group The Oi'tus Hai'iy Coll Ivlemoi'ial Bursaiy Tlie Roddy Mccoi'ley Social Club Tlieiesa Dunlop Thire IT Sei'viccs TLC Therapy Toinan A¢¢ounldnLy Sci'vi¢es Limited Top of The Rock Ti'ead Il)e Boards I'tiP Rc¢Yuiiinent Turley Asso¢iaies UlsterGAA Upper Andersonstown Commiinilv Foi'um {Tullymore) Uppei. Springfield DeveloptnLnt Trust Wesi Belfast Partnership Boai'd Westwood Centi'e Work West Entei'pi'ise Agency Worklorcc TrJining Seivice% Lid Y¢llo¥v 500 1,000 500 1,000 1,000 1,000 500 500 1.000 1,000 I,ooo 1,000 500 500 500 500 500 1,000 1,000 1,000 1,000 I,ooo 1,000 1.000 500 1,500 1,500 1.500 500 500 1,000 500 1,000 500 1.000 1,000 500 500 1.000 1,000 500 1,000 i.o(10 500 500 500 500 1,000 500 1,000 1.000 500 500 1,000 500 500 2,000 1,000 500 500 500 1,000 500 1,000 500 1,000 1.000 1,000 1.000 1,000 1,000 soo 500 1,000 1,000 500 1,000 500 1,000 500 1,000 1.000 1.000 1.000 500 1,000 iOO 500 500 1.000 1.000 1.000 500 4.000 1,000 1,000 500 1,000 500 1,000 2,000 1,000 1,000 500 1,000 138,000 87,500 Phge ?4
WEST BEI LFAST PARTNERSHIP BOARD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 19. UNREI STRICTED INCOME FUNDS 202S 2024 Balance at I st April 2024 274,073 96,763 Incoming resources foi. the year Resoui'ces expended foi. the yeai. Ti'ansfer between funds 18,252 (16,535) 109,286 23,524 153,786 Balance at 3 1st Mai'ch 2025 385,076 274,073 20. RESTRICTED INCOME FUNDS 2025 2024 Balance at 1st April 2024 153,786 Incomin(y i'esoLlI'ces for the yeai. ResoLlI'ces expended for the yeai. Transfer betweeii fiinds ,031,898 669,175 (922,612) (669,175) (109,286) (153,786) Balance at 3 1st Mai'ch 2025 21. LEGAL STATUS West Belfast Pai'tnership Board is a Coiiipatiy Limited by Guai'antee. Each member has agreed to Contribute £1 in tlie event of a compLilsory winding LIP, West Belfast Partnership Boai-d is registered with The Chai'ity Commission foi. Nortliern Ireland, Charity Numbei. 103564. Date of registi-ation 26th Api'il 2016. West Belfast pat'tnersliip Board is a recognised Chai'ity Nvithin the definition of Sectioii 360(3) Income and Corpol'atioii Taxes Act 1970 by the Commissioiiers of the HM ReveiiLie & Custoins. Page 25