TEMPLEMORE AVENUE SCHOOL TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unreslricted Restrlctèd
funds
funds
2025
2025
Total Unrestrictad Restricted
funds
funds
2024
2024
Total
2025
2024
Notos
Income from:
Charitab18 activities
206.136
206.136
191,036
191.036
Total Income
206,136
206.136
191,036
191,036
Expendlture on:
Charitable activities
Other expenditure
184.879
445
70,052
254,931
445
167,000
543
73,794
759
240,794
1.302
Toial expondlturo
185.324
70,052
255.376
167,543
74,553
242,096
Net in¢omel{expendlluro) and
movement in funds
20.812
(70.052)
(49.240}
23,493
(74,553)
(51,060)
Reconciliation of funds:
Fund balances at 1 April 2024
183,716 2,620.961
2.804.677
160,223 2,695,514 2,855,737
Fund balances at 31 March
2025
204.528 2,550,909 2,755,437
183.716 2,620,961 2,804,677
The statement of financial actlvltles includes all gains and losses recognised in the year. All Income and axp8nditure
derive from continuing activities.
10

TEMPLEMORE AVENUE SCHOOL TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notos
Fixed assets
Iniangible assets
Tangible assets
11
12
2,031
2,594,469
2.662.630
2.596.500
2,662,630
Current assets
Debtors
Cash at bank and in hand
13
6,475
163.069
7,600
145.770
169,544
153.370
Creditors: amounts falllng due within
one year
14
{10,6071
(11.323)
Net cutrent assets
158.937
142,047
Total assetsloss current Ilabilltles
2,755.437
2.804,677
Ineame funds
Restricted funds
un￿StrICted fvnds
2.550.909
204.528
2,620,961
183,716
2,755A37
2.804.677
These financial statements have been pr8par8d in accordance with the provisions appllcable to companies subject
to the small companies regim6.
The financial statements were approved by the Twstees on ....
Catherine Pu
Trustee
Gareth Wright
Trustoe
Company R•glstratlon No. N1603783
11

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charlty Inforniatlon
Ternplemore Avenue School Trust Is a private mmpany IiTnited by guarantee incorporated in Northern Ireland.
The registered office is 55 Templemore Avenue. Belfast BT5 4FG.
1.1 Accountlng convention
Th6 financlal statement8 have been prepared In accordance wlth the charity's Artldas of Association. the
Companies Act 2006 and "Accounting and Reporting by Charities: Ststement of Recommènded Practice
applicable to charities preparing their accounts in aC￿rdan￿ with the Financial Reporting Stsndard
applicable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2019).. The charity is a Public
Benefft Entity as defined by FRS 102.
The charity has taken advantage of the provlsions in thè SORP for charities applylng FRS 102 Update Bulletin
1 not lo prepare a Statement of Cash Flows.
The financial ststements ar8 pr8par8d in sterling. which is the functional currency of the charity. Mon8tary
amounts in these financial ststements are rounded to the nearest £.
Th8 financial statements have been prepared under the historical cost convention. The principal accounting
Iici8s adopted are set out below.
1.2 Golng concorn
At the lime of approving the financial statsments. Ihe trustees have a reasonable expe¢taJon that the charity
has adequate resources to conllnuo in operational exislence for the foreseeable future. Thus the trust88S
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitablo funds
Unrestricted funds ar8 availabl8 for use at the discretion of the trustees In furtherance of thalr charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how thay may be used. Th8 purposes and
uses ol the rèstrictsd funds are sel out in the notes to the financlal statements.
1.4 Income
Income is reGognised when the tharity is legally entitled to it after any performance conditi(Jns have been met.
the amounts can be measured rellably, and it is probable that income will be r8c8ived.
Other income is recognlsed in the pariod in which it is receivable and to Ihe extent the goods hav8 b@en
provided or on completion of tha service.
12-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounllng policies (Contlnuèd)
1.5 Expendlture
Expenditure is recognlsed once ther8 Is alegal or eonslructive obligation to transfer economic ben8fft to
third party, it is probable that a transfer of economlc benefrts will be required in settlement and the amount of
the obligation can be measured reliably. Expenditure is dassllt8d by activity. The costs of each activity are
mada 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 that activity. Shared costs which
ontribule to more than one actSvity and support cosls which are not attrlbutable to a slngle activity are
apportioned between those activitiès on a basis consislent with the use of ￿sourCes. Central staff costs are
allocaled on the basis of time spent, and dèpreclation charges allocated on the portion of the asset's use.
Support costs are those costs incurred directly In support of expenditure on the obj8cts of the charity end
include projèct management. Governance costs are those Incurred in conn8Ction with administr8tion of the
charfty and complianc8 With constitulional and slalutory requirements.
Charltable activities and Govemance costs are costs incurred on Ihe charity's operatlons, including support
costs and costs relating to the govemanc8 of the company apportioned to charitable activities.
All expendltur8 is inclusive of irreGoverable VAT.
1.6 Intsnglble flxed assets other than goodwill
Intangible assets acqulred separately from a business are recognised at cost and are subsequenlly measured
at cost less accumulated amortlsation and accumulatsd impa[￿ent losses.
Intangible assets acquired on business comblnation5 are recognised separately from goodwill at the
acquisition dat8 where it 18 probable that the expected future economic benefits that are attributable to the
asset will fflow to the antlty and the fair value of the asset can be measured reliably., the Intangible asset arises
from contractual or other legal rights: and th8 intangible asset is separable from the enUty-
Amortlsation is recognised so as to write off the cost or valuation of ass8ts less their residual values over their
useful lives on th8 follr)wing ba89S-
Website
20% per annum straight line
1.7 Tanglblo flxed assets
Tangible fix8d assets are initially measured at cost and subsequently measur8d at cost or wdluation. net of
depreclatlon and any Impalmenl losses.
Depreciation is recognised so a5 tt) write off the cost or valuation of assets less their residual value8 over their
useful lives on the following bases:
Freehold property
Fixiures and fittings
Computer equipment
Office 8quipm8nt
2VD per annum straight line
20% per annum reducing balance
25% peT annum straight line
20% per annum stralghl Iln8
The gain or loss arising on the disposal of an asset is deterrnined as the difference between the sale pr¢X88ds
and the Garrying value of the asset, and is re￿gnISed in the statement of finan¢lal actlvities.
1.8 Impalrmont of flxèd assets
At ea¢h reporting end dale, thè charity reviews the ¢arrying amounts of its tangible and intangiblè assets to
d¢lemine whether thare Is any indication that those assets have suffered an impairmènt loss. If any such
indication exists. the recoverablè amount of the asset is estimated in order to determine the 8Xt8nl of the
impainnent loss (rf any).
13-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policiès (Contlnued)
1.9 Cash and cash equlvalents
Cash arKI cash equivalents include Gash In hand, deposlts h81d at call with banks, other short-term liquid
investments with original maturitles of three months or18ss, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities,
1.10 Flnanclal Instruments
The charity has elected to apply th8 provisions ot S8ction 11 '8asic Finan¢ial Instruments, and S8dion 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charlty's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financlal assets and liabllltlas are offsel. with the net amounts presented in the flnancial ststeménls, when
there is a legally enforceable right to sét off the recA)gnised amounts and there is an intention to settle on a nat
basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assots
Basic financial assels. which include debl¢)rs and cash and bank balances, are initially measured at
transactlon price including transaction costs and are subsequently carried at amortlsed c￿st using effective
Interest method unless the arrangement constitutes a financing transaclion. where the transaction Is
measured at the present valuè of th8 futur8 rec£ipts discounted at a market rate of InteresL Financial ass8ts
dassified as receivable within one year arè not amortised.
Basic financial liabilities
Baslc financial liabilities, including creditors and bank loans are initially recognlsed at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument 15 measured at the present
value of the future payments discount8d at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortlsed.
Debt in61ruments are subsequently Carried at amortlsed cost. uslng the effective intgresl rate method.
Trade credltors ar8 obligations to pay for goods or service5 that have been a￿Uired In th8 ordinary course of
operations from suppliers. Amounts payable are Glassified as current liabilities if paym8nl is duè within one
year or less. If not, they are presented as nonwcurrent liabilities. Trade Creditors are racognlsed initially at
transactlon price and subsequently measured at arnortised c08t Using the effective Interest method.
Derecognition of financial liabilitles
Financial liabiliti8s are derecognised when the charftys contractual obligations expir8 or ar8 discharged or
cancellod.
1.11 Employee beneflts
The cost of any unused holiday entitlement Is recognised in the period in which Ihe employee's services are
rec8ived.
Temiination benefits are r8cognised immediately as an expense when th8 chaiity is demonstrably committed
to térmlnala th8 employment of an employee or to provide temiinatlon benefits.
1.12 Retirement benefjts
Payment5 to defined contribution retirement benefit sch8m8s are charged as an expense as they fall due.
1.13 Company status
The ￿MpanY is a company limitsd by guarantee. The members of the company arè tha dlr8ctors named on
page 2. In tho gvent of the cx)mpany being wound up, the Ilabllty in respect of th8 guarantee is Ilmit8d to £1
per member of th8 company.
14-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2025
Crltlcal accountlng estimates and judgements
In the epplicatlon of the charity's accounting policies, the trustees are required to make judgements. estimat8S
and assumptions about the carrying amount of assets and liabilities that are not readlly apparent from other
sources. The estimates and as50clated a55umptlons are based on historical experience and other factors that
are considered to b8 relevanL Actual results may differ from thes8 estimates.
Tho estlmates and undèrfying assumptions aff reviewed on an ongoing basls. Rovlsions tt) accounting
estimates are recognised in th6 period in which the estimate is revised where the ￿vIsion aff8cts only that
period, or in the period of the ￿vIsion and future periods where the revision affects both CUT￿nI and future
periods.
Koy sources of astirnation un¢orlalnty
Flxed Assets
The annual depreciation charge on fixed assets depends primarily on the estimated IIv8s of each type of asset
and estimates of resldual values. The directors regularly review these asset Ilves and change them as
necessary to reflect current thlnklng on remainlng lives in light of prospective economic utillsatlon and physlcal
ndilion of the assets concemed. Changes in asset lives can have a signrficant impact on deprecialion
ch8rg8s for the period. Detsil of the useful lives Is included in th8 accounling policig5.
Charltablo actlvltios
Ea$t Belfast
Network
Centre
2025
East Belfast
Network
Centre
2024
Room hire
Rent and services charges
Miscellaneous Incom8
41.857
151.733
12,546
38.985
151,085
966
206,136
191,036
Analysis by fund
Unrestricted funds
206,136
191.036
15-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable actMtIo8
East Belfast East Belfast
Network
Natwork
Centre
Centre
2025
2024
Stsff costs
Depreciation and impairment
Insurance
Telephon8 and intem8t costs
Cleaning materials
Maintenance
48,759
81,931
10,280
12,666
4,583
22.773
46,901
82.267
9,559
14,608
4.289
8,471
r 11
Heal and light
Water
Volunt8er expen88S
Bank charges
Catering costs
Miscellaneous
37,185
1,873
900
420
8.818
2,707
41,630
2,488
1,000
438
8,128
1,111
232,895
218,890
Share of support costs (see nots 5)
Share of governan￿ costs (see note 5)
18,000
4,036
18,000
3,904
254,931
240,794
Analysis by fund
Unrestricted funds
R8stricled funds
184,879
70,052
167,aoo
73.794
254,931
240,794
Support costs
Support Governanco
costs
2025
2024
Administratlon support costs
18.000
18,000
18.000
Audit fees
4,036
4,036
3.904
18.000
4,036
22.036
21.904
Analysed between
Charitable activities
18,000
4.036
22.036
21.904
Governance costs includes payments to the aud110￿ of £4,03612024- £3,904) lor audil fees.

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other expendltur
Unrestrlctad Restricted
funds
funds
2025
2025
Total Unrestrfcted Restrfctsd
funds
funds
2024
2024
Total
2025
2024
Net1055 on disposal of
tsngible fixed assets
445
445
543
759
1,302
Not movemont in funds
2025
2024
The net movèment in funds 18 Stated after chargingl{credltlng)'.
Fees payable ftjr the audlt of the Charity's financial statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
4.036
81.931
445
3,904
82.267
1,302
Trustees
NDn8 of the trustees {or any persons connectsd with them) rec81V8d any remuneration or benefits from th8
charity during the year. No trustee ￿e1Ved reimbursement of expenses in the current year {2024 - nl}.
Employees
The average monthly number of employees during th8 year was..
2025
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
Other pension costs
44.939
3.820
43,227
3,674
48.759
46,901
The Gharity Is governed by the Board of Trustees and the day to day ¢Jperations are supeNised by the
Executive Diredor of the charivs parent company. Consequently, no remuneration is paid by the charity to
key rnanagement personnel for their services to the charity.
Thera wer8 no employees whose annual remuneratlon was more than £60,000.
17-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Taxatlon
The charity is exempt from in¢om8 tax and capital gains tax to the extent that its income and gains ar8 applieLI
for charitable purposes. No tax charge has arlsèn in the year.
11 Intanglblo flxed assets
Webstte
Cost
At 1 April 2024
Additions - 88paraiely acquired
2,031
At 31 March 2025
2.031
Amortisation and impaimient
At 1 April 2024 and 31 March 2025
Carrylng amount
At 31 Mar¢h 2025
2,031
At 31 March 2024
12 Tangible flxed assets
FM•hold FIx￿re* and
fittings
Computer
¢quipmtsnt
Offic8
•quipment
Total
C05t
At 1 April 2024
Additions
Dlsposal$
3.315,747
194.171
22.136
6,788
(972)
149,210 3,681,264
7,428
14,216
{54,051)
{55,023}
At 31 March 2025
3.315.747
194.171
27.952
102,587 3,840,457
D•proclation and impairment
At 1 April 2024
Depreciation charged in Ihe year
Eliminated in respect of disposals
708,109
66.315
164,678
5.899
16,637
3,836
(527)
129.211
5,881
{54.051)
1,018,635
81.931
154.578)
At 31 March 2025
774.424
170.577
19.946
81.041
1,045.988
Carylng amount
At 31 March 2025
2.541,323
23.594
8,006
21.546 2,594.469
At 31 March 2024
2.607.638
29,494
5,499
19.999 2,662.630
13 Debtor5
2025
2024
Amounts falllng duo Withln one year.
Pr&payments and accrued income
6,475
7,600
18

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Credltors: amounts falling due within one year
2025
2024
Other credilors
Accruals and def8rr8d income
2,205
8,402
1,425
9,898
10,607
11,323
15 Rotirement benefit schemes
2025
2024
Defingd contribution schemes
Charge to profft or loss in re5peci of dèfined contrlbulion stheme8
3,820
3,674
16 Restrfcted funds
The reslricted funds of the charlty compri88 the unexpended balaN￿S of donations and grants held on tnjst
subject to specific condlllons by donors as to how they may be used.
At l April
2024
Resources At 31 March
exp8nded
2025
East Belfast Network Centre
2.620.961
170,052)
2.550,909
Prevlous year:
R￿OurceS At 31 March
expondad
2024
2023
East Belfast Network Centre
2,695,514
(74,5531
2,620,961
17 Unrestrlcted fvnds
The unrestricted fiJnds of the charity ¢omprls8 the unexp8nded balances of donations and grants whlch are
not subject to specific conditions by donors and grantors as to how they may be used. These include
d8signated funds which have been set aside out of unrestricted funds by the trust88s for specific purposes.
At 1 Aprll
2024
Incoming
resources
Resourc•s At 31 March
expendod
2025
General funds
183.716
206.136
1185,3241
204,528
19-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Unrostricted funds (Contlnued)
Previous year:
At 1 April
2023
Incoming ResOU￿eS At 31 March
resources
expended
2024
General funds
160.223
191,036
{167,5431
183,716
18 Explanatory notes to funds
Unrestrfctsd funds
This fund is expendable at the dlscretion of th8 trustees.
Rothctod Funds
East Belfast Netsvork Cèntr8
Managed by East Belfast Communty Development Agency on behalf of Templemor8 Avenue School Trust
providing office space for organisatlons. A180 roorn hire to communityfvoluntary and Statutory organisations.
19 Anatysls of nel a$$ets between funds
Unrostrictad Rostricted
funds
funds
2025
2025
Totsl
2025
Total
2024
Fund balances at 31 March 2025 are
represent8d by.
Intangible fixed assets
Tangible assets
Current assetsllliabllltl8s)
2.031
43.560
158.937
2,031
2,594,469 2,662.630
158,937
142.047
2,550.909
204,528 2,550.909
2,755,437
2,804.677
20 Flnanclal eommltments, guaranteos and contlngent Ilabllltlos
A portion of grants received may b8come repayable if The Trust fails to comply with the temis of the letter of
-20-

TEMPLEMORE AVENUE SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Operaling lease commltments
Lessor
At th8 r8POrting end date the charity had contracted wlth tenants for the following minimum lease payments,.
2025
2024
Within one year
Be￿een two and five years
159,800
159.800
31,680
8,800
319.600
40,480
22 Related party transactions
During the year The Trust charged East Belfasl Communlty Development Agency CEBCDA,). the ultimate
parent company. £51,681 (2024 £43.983) for rental of office space and room hire within the East Belfast
Network Centr8. The amount charged was based on the occupied floor area and was at a rate similar to that
Charged to other charitab18 organisations. During the year The Trust was tharged £18.000 {2024 - £18,000)
by EBCDA for admlnlstration support seNices. At 31 March 2025 there was an amounl of £211 (2024 - £240>
due from EBCDA.
23 Uftlmatè Parent Undortaking and Controlling Party
East Belfast Community Developmènt Agency. a charitable company incorporated In Northem Ireland under
number N1031089, is ¢onsid6red to be the companys ultimate parent cornpany. EBCDA is also reglstered with
the Charity Comrnission for Northern Ireland under referenc8 nurnber NIC105793. The p￿nCIpal activity of
EBCDA is the charitable operation of various projects to benefil th8 W81far8 of Ihe inhabitant5 of East Belfasl.
The financial statements of The Trust are consolidated wlthln the 9roup financial statements of EBCDA.
¢oplès of which are available from 55 TempleM0￿ Avenue. Belfast. BT5 4FG.
21