EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
Total
2023
2022
Notes
Inc
mef
Donations and legacies
Charitable activities
Other income
284
193,769
42,200
772,256
5.337
792,545
986,314
Total Income
194,053
792,545
986.598
819,793
Ex
endlture on:
Charitable activities
210.583
804.638
1,015.221
946,766
Net outgolng resource5 before transfers
(16.530)
{12,093)
(28.623) (126,9731
Gross transfers be￿een funds
44,617
(44,817)
Net Incomollexpendlture) for the yearl
Net movement In funds
28,087
(56,7101
128,823> (126,973)
Fund balances at 1 April 2022
213,430 2,813,171
3,026,601
3,153,574
Fund balances at 31 March 2023
241,517 2,756,461
2,997,978 3,026,601
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 arxount
under the CompaniesAct 2006.
15-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
10
2,733,902
2,788,112
12
38,323
241,135
30,008
221,670
279,458
251,678
Credllors." amounts falllng due wlthln
one y•ar
13
{15,382)
(13,189)
Net current assets
264,076
238.489
Total assets less current Ilabllltles
2,997,978
3,026,601
Income funds
Restricted funds
Unrestricted funds
14
14
2,756,481
241.517
2.813,171
213.430
2,997,978
3,026,601
These financial statemenls have been prepared in accordance with Ihe Provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the Trustees on
Mervyn
Truste•
ibson
Catherine Pu
Trustee
Company Reglstratlon No. N1031089
16-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
COMPANY BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notes
Current assets
Debtors
Cash at bank and in hand
12
27,590
117,652
24,187
91,674
145.242
115,861
Credltors: amounts lalllng due wlthln
one year
13
(3,000)
(3,001)
Nel current assets
142,242
112,860
Income funds
Restricted funds
Unreslrided funds
14
60,947
81,295
19.132
93.728
142,242
112,860
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
lo the small companies regime.
The financial statements were approved by the Trustees on
Gibson
Calherine
Trustee
rdy
Trustee
Company Reglstratlon No. N1031089
17

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Notes
Cash flows from operating actlvltles
Cash generated from operations
22
46,811
66,370
Investlng actlvltles
Purchase of tangible fixed assets
{27,346)
14,988)
Net cash used In Investlng actlvltles
(27,346>
(4,988}
Net cash used In flnanclng acllvltles
Net Increase In cash and cash equlvalents
19,465
61,382
Cash and cash equivalents at beginning of year
221,670
160,288
Cash and cash equlvalents at end of year
241,135
221,670
18-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
Charlty Inforniatlon
East Belfast Community Development Agency is a private company limited by guarantee incorporated in
Northern Ireland. The registered office is 55 Templemore Avenue. Belfast, BT5 4FG.
1.1 Accounting ¢onvention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of
Association,
the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffeclive 1 January 20191" The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charily. Monetary
amounts in these financial statements are rounded to the nearest £.
The financi81 statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Basls of consolldatlon
The financial statements consolidate the accounts of East Belfast Community Development Agency and its
subsidiary undertaking {'subsidiary').
The company has taken advantage of the exemption contained within section 408 of the Companies Act 2006
not to present its own Income and Expenditure Account.
The income and expenditure account for the year dealt with in the accounts of the charity was net incoming
resources £29,382 (2022 - nel ouigoing resources £43,151).
1.3 Golng concern
At the time of approving the financial statemenls, the trustees have a reasonable expectation thal the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial ststements.
19-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2023
Accountlng pollcles Icontlnued)
1.5 Incomlng resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Income tax recoverable in relation to donations received under Gift Aid or deed of covenant is recognised at
the time of the donation.
Income tax recoverable in relation to investment income is recognised al the time the investment income is
receivable.
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.
Imiere funding is received and subsequently distributed to other organisations in accordance with the donor'5
instructions it is treated as Conduit funding and, therefore, is not recognised in the Statement of Financial
Activities.
1.6 Resources expended
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a
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 15 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 cosls attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single aclivity are apportioned behveen those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Support costs are Ihose costs incurred directly in support of expenditure on the objects of the charity and
include projecl management. Governance costs are those incurred in connection wilh administration of the
company 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 to the governance of the charity apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
1.7 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation 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
2¥0 Straight line
200/0 reducing balance
25 % straight line
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference bettNeen the sale
proceeds and the carrying value of Ihe asset, and is recognised in the statement of financial activities.
-20-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policles (Contlnuedl
1.8 Impalmient 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 asset is estimated in order to determine the extent of the impairment
loss lif any).
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provision5 of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
Ihere is a legally enforceable right to set off the recognised amounts and there 18 an intention to settle on
net basis or to realise the assel and settle the liability simultaneously.
Baslc Ilnanclal 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
effedive interest method unless the arrangement constitutes a financing transaclion, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabililies, including creditors and bank loans are inilially 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 discounted at a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at 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
operalions 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 interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benofits
The cost of any unused holiday entitlement 15 recognised in the period in which the employee's seNices 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.
21

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles {Contlnued)
1.12 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Taxatlon
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and
therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempl from taxation in respect of Income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Crltlcal accountlng estlmates 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 Ihat are nol 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 esllmatlon uncertalnty
Flxod Assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The directors regularly review these assel 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 concemed. Changes in as5el lives can have a significant impact on deprecialion and
amortisation charges for the period. Detail of the useful lives is included in the accounting policies.
Donatlons and legacles
Unrestricted Unrostrlcted
funds
funds
2023
2022
Donations and gifts
Other general grants
284
42,200
284
42,200
Grants recelvable for core actlvltles
Belfast City Council
42,200
42,200
-22-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitsble actlvitles
TAS TRUST East Belfast
Development
Total
Total
2023
2023
2023
2022
Performance related grants
Charitable rental income
Other income
792.545
792,545
117,974
75,795
613,315
102,080
56,861
117,974
26,868
48,927
144,842
841,472
986,314
772,256
Analysis by fund
Unrestricted funds
Restricted fijnds
144,842
48,927
792.545
193,789
792,545
158,941
613,315
144,842
841.472
986.314
772,256
For the year ended 31 March 2022
Unrestricted funds
Restricted funds
115,353
43,588
613,315
158,941
613,315
115,353
656,903
772,256
Perforniance related grants
DFC - Community Empowerment Division
DFC - Community Investment fund
PHA- Investing for Health
PHA- Healthy Living & Health Strategy
BCC- Hardship fund
Belfast City Council
TEO- Communities in Transition
Other Grant Income
BCC- Covid Response Granls
112.629
45.169
92,447
154,945
263,830
49,385
65,188
8,952
112,829
45.169
92.447
154,945
263,830
49,385
65,188
8,952
121,670
45,242
79,321
149,071
23,468
9,184
5,455
179,904
792,545
792,545
613,315
other Income
Unrestrlcted Unrestrl¢ted
funds
funds
2023
2022
HMRC- JRS
5,337
-23-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charltable activlties
TAS TRUST East Belfast
Develop
2023
Total
Total
2023
2023
2022
Staff costs
Depreciation and impairment
Health development
Programme costs
Advertising, postage and stationery
Hardship Fund
Travel and subsistence
Catering costs
Insurance and premises costs
General overheads
Telephone
CED Programme
Promotional costs
Coronavirus support group
CIT expenditure
46,248
81,557
317,388
363,636
81.557
39.259
8.018
750
225.384
2,310
4.020
8,006
68,494
14,592
1.800
1,710
351,379
90.742
24.842
24,999
1,338
39.259
8.018
750
225.384
2,310
870
2,438
6,417
61,402
14,093
1,937
4,020
8,006
68,494
14,592
1,800
1,710
226,978
14,131
63,228
63,228
222.917
659,847
882,764
821,566
Share of support Costs (see note 7)
Share of governance costs (See note 7)
122,330
6,411
122,330
10,127
115,758
9.442
3,716
226,633
788,588 1,015,221
946,766
Analysls by fund
Unrestricted funds
Restricted funds
153,333
73,300
57,250
731,338
210,583
804,638
207,466
739,300
226,633
788,588 1,015,221
946,766
For the year ended 31 March 2022
Unrestricted funds
Restricted funds
136,031
84.004
71,435
655,296
207,466
739,300
220.035
726,731
946,766
-24-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
costs
costs
2023
2022
Staff costs
Other staff costs
Advertising, postage and stationery
Miscellaneous
Insurance and premises cost
Bank charges
Telephone and IT costs
Room hire and meeting expenses
Subscriptions and memberships
CIT evaluation
103,074
1,660
1,952
678
2,898
761
1,588
404
5,315
4,000
1,329
104,403
1,660
1,952
678
2,898
761
1.588
404
5.315
4,000
99,549
730
3.899
647
2,521
1,094
2,792
346
5,426
Audit fees
8.798
8,798
8,196
122,330
10,127
132,457
125,200
Analysed be￿een
Charitable activities
122,330
10,127
132.457
125,200
Governance costs includes payments to the auditors of £8,798 (2022 - £8,196) for audit fees.
Employees
Number of employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
14
14
Employmenl costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
389,822
41,083
37,134
377,573
37,101
36,254
468,039
450,928
No employee received remuneration amounting to to more than £60,000 in either year.
Total remuneration payable to key management personnel in the year was £59,702 (2022 - £56,864).
-25-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
None of the trustees (or any persons connected with them) received any remuneralion or benefits from the
charity during the year.
10 Tanglble fixed assets
Freehold Flxturè$ and
proporty
fittings
Computer
equlpm•nt
Office
equipmfjnt
Total
Group
Cost
At 1 April 2022
Additions
3,315,747
193,881
685
25,118
3,646
144,073
23,015
3.678,819
27,346
At 31 March 2023
3,315,747
194,566
28,764
167,088
3,706,165
Depreclatlon and Impalrnient
Al 1 April 2022
Depreciation charged in the year
575.479
66,315
155,980
7,626
16,400
4,252
142,848
3,363
890,707
81,556
At 31 March 2023
641,794
163,606
20,652
146,211
972,283
Carrylng amount
At 31 March 2023
2,673,953
30,960
8,112
20,877
2,733,902
Al 31 March 2022
2,740.268
37,901
8,718
1,225
2,788,112
Computer
equipment
Total
Company
Cost
At 1 April 2022
Additions
Disposals
6,187
6,187
Al 31 March 2023
6,187
6,187
Depreclatlon and Impalmient
At 1 April 2022
Depreciation charged in the year
Eliminated in respect of disposals
6,187
6,187
Al 31 March 2023
6,187
6,187
Carrylng amount
Al 31 March 2023
At 31 March 2022
-26-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11 Fixed Asset Investments
Company
East Belfast Community Development Agency is the sole member of Templemore Avenue School Trust, a
company incorporated in Northem Ireland and limited by guarantee. The principal activity of Templemore
Avenue School Trust is the operation of East Belfast Network Centre.
The registered office of Templemore Avenue School Trust is 55 TemplemoreAvenue. Belfast, BT5 4FP and its
results are consolidated into these financial statements.
12 Debtors
2023
2022
Amounts falllng due wlthln one year:
Group
Prepayments and accrued income
38.323
30,008
Company
Prepayments and accrued income
27,590
24,187
27,590
24,187
13 Credltors: amounts falllng due wlthln one year
2023
2022
Group
Other taxation and social security
Accruals and deferred income
3,287
12,095
1,090
12,099
15,382
13,189
Company
Accruals and deferred income
3,000
3,001
3,000
3,001
-27-

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+ LYJ O) V
VrriOtO
Ln tr f£*
- * O) a) C
¢D U) Q ￿J-
<o¢oo
0> 10 ¢rJ
(N O) a) O
IV w £L C (y) CL
¢U 20 Jor
ULU￿￿￿0)0)

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
15 Explanatory notes to the funds
Unrestrlcted Funds
Accumulated
eneral fund
This fund is expendable at the discretion of the directors.
Included within general funds carried forward is £81,29512022 - £93,728) relating to the parent company.
During the year funds totalling £44,617 were transferred from unrestricted funds to restricted funds. This
reflected restricted fund balances that were shown in the financial statements where no restricted amounts
remained unspent.
Restrlcted Funds
Core Activili
Grants
This funding from Belfast Cily Council and Department for Communities covers core staff costs and running
costs. Also Capacity Building programme and Youth Development Progfamme.
E t B Ifast Network Centre
Managed by East Belfast Community Development Agency on behalf of Templemore Avenue School Trust
providing office space for 11 organisations. Also room hire to communilylvolunlary and Statutory
organisations.
SIFe
nt fund
This fund relates to 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.
Health develo
ment
ro
This funding from the Public Health Agency and small one-off health related grants provides improvement and
investment in heallh, to impact on the social wellbeing of the community.
TE
ommunities in Tfansition
This contract was awarded for a Heath and Wellbeing Programme in the East Belfast Cit areas.
BCC - Covid-19
Funding from Belfast City Council to provide funding lo community sector organisalions in each area of
Belfast to provide relief from hardships being experienced in the community as a result of Covid-19 pandemic.
BCC - Hardshi
fund
Funding from Belfast City Council to deliver gaslelectric top-ups for qualifying residents in East Belfast.
16 Flnanclal commitmentsy guarantees and contlngent liabllitles
A portion of grants received may become repayable if The Agency fails to comply with the terms of the letter of
offer.
-29-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
17 Taxatlon
The charity is exempt 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.
18 Analysls of net assets between funds
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
Total
2023
2022
Fund balances al 31 March 2023 are
represented by..
Tangible assels
Current assetsl(liabilitiesl
38,388 2,695,514
203,129
60,947
2,733,902
264,076
2,788,112
238,489
241,517 2,756,461
2,997,978
3.026,601
19 Retlrement benefit schemes
Deflned contrlbutlon schemes
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge to profil or loss in respect of defined contribution schemes was £37,134 {2022 - £36,254).
20 Relatod party transactlons
There were no disclosable related party transactions during the year (2022 - none).
21 Condult fundlng
The Agency is responsible for receiving and distributing funds on behalf of the Department for Communities.
£318,266 (2022 £264,926) was received and distributed during the year and no balance was held in relation
to these monies at 31 March 2023.
22 Cash generated from operatlons
2023
2022
Deficit for the year
{28,623)
(126,973)
Adjustments for..
Depreciation and impairment of tangible fixed assets
81,557
90,742
Movements in working capital..
{Increase)Idecrease in debtors
Increase in creditors
(8,315)
2.192
101,584
1,017
Cash generated from operations
46,811
66.370
23 Analysis of changes In net funds
The charity had no debt during the year.
-30-