TEMPLEMORE AVENUE SCHOOL TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Restrlcted
funds
funds
2023
2023
Total
Total
2023
2022
Notes
Income from:
Charitable activities
186,629
186,629
154,212
endlturo on..
Charitable activities
171,333
73,300
244,633
238,035
Not Incomel{expendlture) for the yoarl
Net movement In funds
15,296
173,300)
(58,004)
{83,823)
Fund balances at 1 April 2022
144,927 2,768,814 2,913,741
2,997,564
Fund balances at 31 March 2023
160,223 2,695,514
2,855,737 2,913,741
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
10-

TEMPLEMORE AVENUE SCHOOL TRUST
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notes
Flxed assets
Tangible assels
2,733,902
2,788,112
Current assets
Debtors
Cash at bank and in hand
10
10,733
123.483
5,821
129,996
134.218
135.817
Credltors: amounts falling due wlthln
one year
11
(12,381)
(10,188)
Net current assets
121,835
125,629
Total assets less current Ilabllltles
2.855,737
2,913,741
Income funds
Restricted funds
Unrestricted funds
12
2,695,514
160,223
2,768,814
144,927
2,855.737
2,913,741
These financial s131ements have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the Trustees on
.g.l.12.1..&4I3
Samuel Do
Trvstee
las
Catherine P
Trustee
dy
Company Reglstratlon No. N1603783
11

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policios
Charlty Informatlon
Templemore Avenue School Trust is a private company limited by guarantee incorporated in Northern Ireland.
The registered office is 55 TemplemoreAvenue, Belfast, BT5 4FG.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's Articles of Association, the
Companies Act 2006 and 'Accounling and Reporting by Charities.. Statement of Recommended Praclice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)" The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not to prepare a Slatement of Cash Flows.
The financial statements are prepared in steding, vthich is the functional currency of the charlty. Monetary
amounts in these financial stalements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation thal the charity
has adequate resources to continue in operalional existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charilable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restncted funds are set out in the notes lo the financial statements.
1.4 Income
Income is recognised when the charity is legally enlilled to it after any performance conditions have been mel,
the amounts can be measured reliably. and it is probable that income will be received.
Other income is recognised in the period in which it is receivable and to the extent the goods have been
provided or on completion of the service.
12-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policies (Contlnued)
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to
third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are
made up of the total of direct costs and shared costs, including support costs involved in undertaking each
activity. Direct costs attributable to a single activity are allocated directly to Ihat activity. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single activity are
apportioned between those activities on a basis consistent with the use of resources. Cenlral staff costs are
allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and
include project managemenl. Governance Costs are those incurred in connection with adminislralion of the
charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support
costs and costs relating lo the governance of the company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
deprecialion and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases-.
Freehold property
Fixtures and fittings
Computer equipment
Office equipment
20A per annum straight line
20 % per annum reducing balance
250h per annum straight line
200/0 per annum straight line
The gain or loss arising on the disposal of an asset is determined as the difference befmeen the sale proceeds
and the carrying value of the asset, and is recognised in Ihe statement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the assel is estimated in order to determine the extent of the impairment
loss lif any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
inveslments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
13-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2023
Accounting pollcios (Contlnuod)
1.9 Flnanclal Instruments
The charity has ele¢ted to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are re¢ognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipis discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc financlal liabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing Iransaction, where the debt instrument is measured al the present
value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interesl method.
Derecognitlon of flnancial Ilabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The Cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.11 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Company status
The company is a company limited by guarantee. The members of the company are the directors named on
pa9e 2. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1
per member of the company.
14

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Crltlcal accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of estlmatlon uncertalnty
Flxed Assets
The annual depreciation charge on fixed assets depends primarily on the eslimaled lives of each type of asset
and eslimales of residual values. The directors regularly review these asset lives and change them as
necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical
condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation
charges for the period. Detail of the useful lives is included in the accounting policies.
Charltable actlvltles
East Belfast
Network
Centre
2023
East Belfast
Network
Centre
2022
Room hire
Rent and services charges
Miscellaneous income
34,141
160,879
1,609
19.741
133,484
987
186,629
154,212
Analysis by fund
Unrestricted funds
186,629
154,212
15-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charltable actlvltles
East Belfast East Belfast
Network
Network
Centre
Centr•
2023
2022
Staff costs
Depreciation and impairment
Insurance
Telephone and internet costs
Cleaning materials
Maintenance
Heat and light
Water
Volunteer expenses
Bank charges
Calering costs
Miscellaneous
46,248
81,557
8.006
14,592
5,486
15.331
41,582
90,165
6,416
14,093
5,036
16,199
11
43,022
1,147
670
414
4.020
2,424
35,626
1,040
200
362
2,439
3,301
222,917
216,459
Share of support costs {see nole 51
Share of governance cosls (see note S)
18,000
3,716
18,000
3,576
244,633
238,035
Analysls by fund
Unrestricted funds
Restricted funds
171,333
73,300
154,031
84.004
244,633
238,035
Support costs
Support Governance
costs
costs
2023
2022
Administration support costs
18,000
18,000
18,000
Audit fees
3,716
3.716
3,576
18,000
3,716
21,716
21,576
Analysed be￿een
Charitable activities
18,000
3,716
21.716
21.576
Govemance costs includes payments to the auditors of £3,716 (2022- £3,576) for audit fees.
16-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
None of the trustees (or any persons connected wilh them) received any remuneration or benefits from the
charty during the year. No truslee received reimbursement of expenses in the current year (2021 nil).
Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
Social security ¢osts
Other pension costs
37.072
5.819
3,357
33,370
4,954
3,258
46,248
41,582
The charity is governed by the Board of Trustees and the day to day operations are supervised by the
Executive Director of the charity's parent company. Consequently, no remuneration is paid by the charity to
key management personnel for their services to the charity.
There were no employees whose annual remuneration was more than £60.000.
Taxatlon
The charity is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extenl that these are applied to its charitable objects.
17-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Tanglble fixed assets
Freehold Flxturn$ and
propgrty
fittings
Computer
equipment
Offl¢•
èquipmènt
Total
Cosl
At 1 April 2022
Additions
3,315,747
193,881
685
18,931
3.646
144.073
23.015
3,672,632
27,346
Al 31 March 2023
3,315,747
194,566
22,577
167,088
3,699,978
Depreclatlon and Impalrnient
Al 1 April 2022
Depreciation charged in the year
575,479
66.315
155,980
7,628
10,213
4,252
142,848
3,363
884,520
81,556
Al 31 March 2023
641,794
163,606
14,465
146,211
966,076
Carrylng amount
At 31 March 2023
2.673,953
30,960
8,112
20,877
2,733,902
At 31 March 2022
2,740,268
37,901
8,718
1,225
2,788,112
10 Debtors
2023
2022
Amounts falllng due wlthln one year:
Prepayments and accrued income
10,733
5,821
11 Credltors: amounts falllng due wlthln one year
2023
2022
Other creditors
Accruals and deferred Income
3,287
9,094
1,090
9,098
12,381
10,188
18-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 Restrleted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purpose5'.
Balanc• at
1 Aprll 2021
R•sourc•s
Balance at
•xp•nded 1 Apr512022
Resourc
Balancè at
expended 31 March 2023
East Belfast Network Centre
SIF equipmenl fund
2,841,914
10,904
(73,981) 2,767,933
110,023}
881
(72,419) 2,695,514
(881)
2,852,818
(84,004) 2,768,814
(73,300) 2,695,514
13 Explanatory notes to funds
Unrestrlcted funds
General fund
This fund is expendable at the discretion of the Irustees.
Rostrlcted Funds
elfas
Ne￿Ork Cen
re
Managed by East Belfast Community Development Agency on behalf of Templemore Avenue School Trust
providing office space for 11 organisations. Also room hire to communitylvoluntary and Statutory
organisations.
ui
I fund
This fund relates lo a grant received from Social Investment Fund for the purchase of equipment for the
subsidiary charity. The balance of the fund is represented by fixed assets held.
14 Analysls of net assets between funds
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2023
Total
2022
Fund balan￿S at 31 March 2023 are
represented by..
Tangible assets
Current assetsl{liabilities)
38,388 2,695,514 2,733,902
121.835
121,835
2,788,112
125,629
160,223 2,695,514
2,855,737
2,913,741
16 Flnancial commitments, guarantees and contlngent Ilablllties
A portion of grants received may become repayable if The Trust fails to comply with the terms of the letter of
offer.
19-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16 Operatlng lease commltments
Lessor
At the reporting end date the charity had contracted wilh tenants for the following minimum lease payments..
2023
2022
thin one year
Between and five years
152,525
40,480
140,525
140.525
193,005
281,050
17 Related party transactlons
During the year The Trust charged East Belfast Community Development Agency {'EBCDA'}. the ultimate
parent company, £42.037 {2022 £38,860} for rental of office space and room hire within the East Belfast
Network Cenlre. The amount charged was based on the occupied floor area and was at a rate similar lo that
charged to other charitable organisalions. During the year The Trust was Charged £18,000 (2022 £18.000}
by EBCDA for administration support services. At 31 March 2023 there was an amount of £6612022 £72)
due from EBCDA.
18 UltSmate Parent Undertaklng and Conlrolllng Party
East Belfast Community Development Agency, a charitable company incorporated in Northern Ireland under
number N1031089, is considered lo be the company's ultimate parent company. EBCDA is also registered with
the Charity Commission for Northern Ireland under reference number NIC105793. The principal activity of
EBCDA is the Charitable operation of various project5 to benefit the welfare of the inhabitants of East Belfast.
The financial statements of The Trust are consolidated wilhin the group financial statements of EBCDA,
copies of which are available from 55 Templemore Avenue. Belfast, BT5 4FG.
-20-