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 INCO1￿1[ 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￿]0VE￿IEN7' 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 T￿1￿1 Rt¢oiinlsed Galns Losses li￿15 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)
Incre￿Se/(decre￿5e) 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
TE￿1
roR THE YEIIR EIYDfD JIST ￿lARCH 202$
I. DONI ATIONS.4IND LEGACIES
Unresli-itied R¢strlcl¢
Fund$
Unrt$ii'Scitil Resiri¢ied
riunds
2025
2024
Donaiions
Lcb?aci¢5
2. INCOfvIE fROI¥I INVESTl¥lENTS
[￿n￿lI
2O2S
Fllmi15
rtsn(Is
2024
Incoine froin UK listed invesimenis
3. INCO￿lE fRON.I CH.4RITAIILE ACTIVITIES
Uni'csiricied Resirl¢i¢
Funds
ruiids
Unrcstritied Re$lricteil
ITuiids
2025
2024
Dcpartinenl forCoillTriinilie5- Coiniiiunity Einpoli￿rlncnt 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 Found￿110￿ 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. INCO￿lE 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 sal*iries (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
m￿terIalS
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 fynd11o5pi￿11ty 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. ￿{oVE￿IENT 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. PROGRATr1￿1E 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
Ande￿on8101vn Social Club
Andor T¢chnolo8y Lid
Anti'iin GAA
Al'as Ui Chonghaile
Ardinonagh family Centi'e
Aroyle Business Ccntr¢
Balmo￿1 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
B￿S&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