TEMPLEMORE AVENUE SCHOOL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Re$tri¢ted
funds
funds
2024
2024
Total
Total
2024
2023
Notos
Incom8 from:
Charitable activities
191,036
191.038
186,829
Charitable activities
167,000
73,794
240,794
244,633
Other
543
759
1,302
Total resourus expended
167.543
74,553
242,096
244,633
Net incomel(expendlture) for the yearl
Net rnovement in funds
23,493
(74,553)
{51.060)
(58,0041
Fund balances at 1 April 2023
160,223 2.695,514
2,855,737 2,913,741
Fund balan¢es at 31 March 2024
183,716 2,620,961
2,804.677 2,855,737
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
The slatement of financial activities also complies with the requirements for an income and expenditur8 account
under the Companies Act 2006.
10-

TEMPLEMORE AVENUE SCHOOL TRUST
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Noto$
Fixed assets
Tangible assets
11
2.662,630
2.733,902
Curnnt assets
Debtors
Cash at bank and in hand
12
7,600
145,770
10,733
123.483
153,370
134,216
Creditors: amounts falling due within
one year
13
{11,3231
{12.381)
Net current assets
142.047
121,835
Total assets less current liabilities
2.804,677
2.855.737
Income funds
Restricted funds
Unrestricted funds
15
2.620.961
183,716
2.695.514
160.223
2.804,677
2,855.737
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved bylhe Truste8s on .........................
Samuel
Truslee
uglas
Catherine
Trustoe
Company Registration No. N1603783
11

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Aecounting polici
Charity infomation
Templemore Avenue School Trust is a private company limited by guarante8 incorporated in Northern Ireland.
The registered office is 55 Templemore Avenue. Belfast, BT5 4FG.
1.1 Accounting convention
The financial statements have been prepared in accordance with th8 charity's Articles of Association. the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommend8d Practic
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland {FRS 102) {effedive 1 January 20191" The charity Is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advanlage of the provisions in the SORP for charities applying FRS 102 Updatè Bulletin
1 not to prepare a Statement of Cash Flows.
The financial sLitemenls are prepared in sterfing. which is the functional curr8ncy of the charity. Monelary
amounts in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
poli￿eS adoptsd are set out below.
1.2 Going ¢oncern
Al the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adom the going concern basis of acwunting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the tnjstees in furtheran￿ of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose5 and
uses of Ihe raslricted funds are set out in the notes to the financial stalements,
1.4 Incomo
Income is recognised when the charity is legally entitled to it after any performance condltions have been mel,
Ihe amounts can be measured reliably. and it is probabl8 that income will be received.
Other income is recognised in the period in which it is receivable and to the exlenl the goods have been
provided or on completion of the service.
12-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2024
Ac¢ounllng policios {Continuod}
1.5 Expendlture
Expenditure is recognised once there is a legal or constwctive obligation to transfer economic benefit to
third party, 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 ea¢h activity are
made up of the total of direct costs and shared costs, including support costs involved in undertaking ea¢h
activity. Direct ¢osls attributable to a single activity are allocated directty to that activity. Shared costs which
contribute lo more than one activity and support costs which are not attributable to a single activity are
apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are
allocated on the basis of tim8 spent. and depreciation charges allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditijre on th8 obj8Cts of the charity and
include project management. Governan￿ costs are those in¢urred in connection with administration of the
charity and compliance with constitutional and statutory requirements.
Charitable activities and Govemance costs are costs incurred on th8 charity's operations, including support
costs and costs relating to the govemance of Ihe company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
1.6 Tangible fixed assets
Tangible fixed ass8ts are initially measured at cost and subsequently measured al c05t or valuation, net of
depreciation and any impairment losses.
Depreciation is reoognised so as to write off the cost or valuation of assets less their ￿sIdUal values over their
useful lives on the following bases:
Freehold property
Fixiures and fittings
Computer equipment
Office equipment
20h per annum straight line
200A per annum ieducing balance
25°/0 per annum straight line
20'A per annum stiaight line
The gain or loss arising on the disposal of an asset is d8t8rmined as the difference belween the sale proceeds
and the carying value of the asset, and is recognised in the ststemenl of financial activit18S.
1.7 Impairnient of fixed 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 impaiment loss. If any such indication
exists, the recoverabl8 amount of the asset is estimated in order to determine the extent of the impainnent
loss {if any}.
1.8 Cash and cash equivalonts
Cash and cash equivalents include c85h in hand, deposits held al call with banks. other short-term liquid
investments with original maturilies 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 2024
Accounting policles IContlnued}
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Flnancial Instruments. and Section 12
'oth8r Financial Instruments Issues, of FRS 102 to all of its financial instwments.
Financial instruments are recognised in the charity's balance sheel 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 legalty enfor￿able right to set off the r8cognised amounts and there is an intention to settle on a net
basis or to reali5e the asset and settle the liability simultaneously.
Baslc financial assets
Basic financial assets, whi¢h include debtors and cash and bank balances, are initially MeaSu￿d at
transaction price induding transaction costs and are subsequently catri8d at amortised ￿st using the effective
inlerest method unless the atrangemenl ¢onstitutes a financing transaction, where th8 transaction is
measured at the present value of the future receipt5 discounted at a market rate of interest. Financial assets
assified as receivable within one year are not amortised.
Basic flnancial liabilities
Basic financial liabilities, including ctedwtors and bank loans are inrtially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments dis¢ounted at a market rate of interest. Financial liabilities dassified as payable
within one year are not amortised.
Debt instruments are subsequentty carried at amortised cost. using the effedive interest rate method.
Trade ueditors are obligations to pay for goods or services that have been acquired in the Didinary 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 pr8sented as non-currenl liabilities. Trade creditors are re¢ognised initially at
Iransaction price and subsequently measured 8t amortised cosl using the effective Inte￿$t method.
Derecognition of financial liabililies
Financial liabilities ar8 derecognised when the ¢hariiy's contraclual obligations expl￿ or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is re¢ognised in the period in which the employ88's Se￿iCe$ are
rec8iv8d.
Termination beneffts are recognised immediately as an expense when the charity is demonstrably committed
lo terminate the employment of an employee or to provide termination benefits.
1.11 Retlrement beneflts
Payments to defined contribution ielirement benefft schemes are charged as an expense as Ihey fall due.
1.12 Company statu5
The company is a company limited by guarantee. The members of the company are the directors named on
page 2. In the event of the company being wound up, the liabilty in respect of the guarantee is limited to £1
per member of the ¢ompany.
14-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting ostimates and judgements
In the application of the Charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The eslimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual resulls may differ from these eslimates.
The estimates and underlying assumptions are revi8W8d on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affeds only that
period, or in the period of the revision and future periods where the revision affects both current and futur8
periods.
Key sources of estimation un¢ertalnty
Fixed A85ets
The annual depreciation charge on fixed assets depends primarily on the estimaled lives of each type of asset
and estimates of residual values. The dir8Ctors regularly review these asset lives and change them as
necessary to reflect ¢urrent 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 Ihe useful lives is included in the accounting policies.
Charitable acllvltles
East Belfast
Netrwork
Centre
2024
East Belfast
Network
Centre
2023
Room hire
Rent and setvirks Charges
Misc8llan80us income
38,985
151,085
966
34,141
150.879
1,809
191.036
186,829
Analysis by fund
Unrestricted funds
191,036
186,629
15-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
East Belfast East Belfast
Network
Network
Centre
Contre
2024
2023
staff costs
Depreciation and impairment
Insurance
Telephone and internet costs
Cleaning materials
Maintenance
46.901
82,267
9,559
14,608
4,289
8.471
46,247
81,556
8.007
14,593
5,486
15,331
r 11
Heal and light
Water
Volunteer expens8S
Bank charg8S
Catering costs
Miscellaneous
41.630
2,488
1,000
438
6.128
1,111
43.022
1,147
870
414
4,020
2,424
218,890
222,917
Share of support ¢osts (see note 5)
Share of governance costs (see note 5)
18,000
3,904
18,000
3,716
240,794
244,633
Analysls by fund
Unrestricted funds
Restricted funds
167,000
73,794
171,333
73,300
240,794
244,633
Support costs
Support Governance
costs
costs
2024
2023
Administration support costs
18.0¢)0
18,000
18,000
Audit fees
3,904
3,716
18.1)00
3.904
21,904
21,716
Analysed be￿een
Charitab18 activities
18,000
3.904
21,904
21,716
Governance costs includes payments to the auditor5 of £3.904 (2023- £3,716) for audit fees.
16-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other expenditure
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
fund8
funds
2023
2023
Total
2024
2023
Net loss Dn disposal of
tsngible fixed assets
543
759
1.302
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediling)-
Fees payable for the audil of the charty's financial statements
Depreciation of owned tangible f￿ed assets
Loss on disposal of tangible fixed assets
3.904
82,267
1,302
3,716
81,556
Trustees
None of the trustees (or any persons Connected with them) received any remuneration or benefits from the
charity during the year. No trustee received r8imbursement of expenses in the current y8ar (2023- niD.
Employegs
The average monthly number of employees during Ihe year was:
2024
Number
2023
Number
Employmont costs
2024
2023
Wages and salaries
Other pension costs
43,227
3,674
42,890
3,357
46,901
46.247
Th8 charity is governed by the Board of Trustees and the day to day operations are supervised by the
Exe¢utive Director of the charity's parent company. Consequently. no remuneration is paid by the diarity to
key management personnel for their ser4i¢es to the charity.
There were no employees whose annual remuneration was more Ihan £60,000.
17-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Taxation
The chaiity is exempi from income lax and capital gains tax to the extent that its income and gains are applied
for charitable purposes. No tax charge has arisen in Ihe year.
11 Tangible fixed assets
Fmhold Flxturos and
pro￿rtY
Ilttlng8
Computer
oqulpment
Total
gqulpment
Cost
At 1 April 2023
Additions
Disposals
3,315.747
194.566
5,838
(6,233)
22,577
2,111
(2,552)
167,088 3,699,978
4,347
12,296
(22.225)
{31,010)
At 31 March 2024
3,315,747
194,171
22,136
149.210 3,881,264
Depre¢iation and Impalmient
At 1 April 2023
Deprgcialion Charged in the year
Eliminated in respect of disposals
641,794
66,315
163,605
6,533
{5,461)
14,465
4,194
(2.022}
146,211
5.225
(22.225)
966,075
82,267
(29,708}
At 31 March 2024
708,109
164,677
16,637
129.211
1.018,634
Canying amount
At 31 March 2024
2,607,838
29,494
5,499
19,999 2,662.630
At 31 March 2023
2.673,953
30,960
8,112
20,877 2.733.902
12 Debtors
2024
2023
Amounts falling due within one year:
Prepayments and a¢crued income
7,600
10,733
13 Creditors: amounts falling due within one year
2024
2023
Other ¢reditors
Accrua15 and deferred income
1,425
9,898
3,287
9,094
11,323
12,381
14 Retirement bonefit schemes
2024
2023
Defined Gontributlon schemes
Charge to profft or loss in respect of defined ¢ontribution schemes
3.674
3,357
18-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Restri￿ad funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specifK conditions by donors as to how they may be used.
At l Aprll Resour¢e$ At 31 March
2023
expended
2024
East Belfast Network C8ntre
2,695,514
174.553}
2,620,961
Prnvious year:
At 1 Aprll
2022
Resources At 31 March
expendod
2023
East Belfast Network Centre
SIF equipment fund
2.767,933
881
{72.419)
(881)
2,695,514
2.768,814
{73,300)
2,695,514
16 Unrestrlttsd funds
The unrestricted funds of the Charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2023
Incoming
resour¢e$
Resources At 31 March
expended
2024
General funds
16Q,223
191,036
(167,543)
183,716
Prnvious year:
At 1 April
2022
Incomlng Resourc8s At 31 March
resources
oxpended
2023
General funds
144,927
186,629
(171,333)
160,223
19-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Explanatory notOS to funds
Unrestricted funds
General fund
This fund is expendable at the discretion of the truste&s.
Restricted Funds
East Belfast Network Centre
Managed by East Belfast Community Development Agency on behalf of Templemore Avenu8 School Trust
providing office space for 11 organisations. Also room hire lo ¢ommunitylvoluntary and Statutory
organisations.
18 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Fund balances at 31 March 2024 are
represented by=
Tangible assets
Curtenl asselsl(liabilitiesl
41.669
142,047
2,620,961
2.662,630
142.047
2,733,902
121,835
183,716
2,620,961 2.804.677
2,855,737
19 Finan¢ial ¢ommltments, guarantees and contingent liabilities
A portion of grants received may be￿me repayable if The Trust fails to comply with the terms of the letter of
offer.
20 Operatlng lease commitmonts
Lessor
At the reporting end date the charity had contracted with tenants for the following minimum lease payments..
2024
2023
thin one year
Be￿een two and five years
31,680
8.800
152,525
40,480
40,480
193,005
-20-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEmE￿rs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Related party transactions
During the year The Trust charged East Belfast Communty Development Agen¢y (EBCDA.). the ultimate
pa￿nI company. £43.983 {2023 - £42.037) for réntal of office space and room hi￿ within the East Belfast
Netsvork Centre. The amount Charged was based on the occupied floor area and was at a rate similar to that
charged to other ¢harilable organisations. During the year The Trust was charged £18,000 {2023 - £18,000)
by EBCDA for administralion support Se￿1￿$. At 31 March 2024 there was an amount of £240 {2023 - £68)
due from EBCDA.
22 Ultimate Parent Undertaklng and Controlling Paty
East Belfast Communty Development Agency, a charitable company incorporated in Northern Ireland under
number N1031089. is considered to be the companls ullimate parent company. EBCDA is also registered with
the Charity Commission for Northern Ireland und8r referen￿ number NIC105793. The principal activity of
EBCDA is the charitable operation of various proj8Cts to benefit the welfare of the inhabitants of East Belfast.
The financial staternents of The Trust are consolidated within the group financial statements of EBCDA.
copies of which are available from 55 Templemore Avenue. Belfasl, BT5 4FG.
21