EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestri¢tsd Restricted
funds
funds
2024
2024
Totsl
Total
2024
2023
Notwd
Incomo from:
Donations and legacies
Charitable activities
1,100
190.766
1,100
910,455
284
986,314
719.689
Total income
191,866
719.689
911.555
986,598
Charitable activities
190.402
713,687
904,089
1.015,221
other
12
543
759
1,302
Total Tesources expended
190.945
714,446
905,391
1,015,221
Net incomin￿lOut9tslng) resources before
transfers
921
5,243
6,164
{28,623)
Gross transfers between funds
43,798
<43,798)
Net incomel{expendiiurel for the yearl
Not mov•m•nt in funds
44,719
{38.555)
6,164
{28.623)
Fund balances al 1 April 2023
241,517 2,756,461
2,997,978 3.026.601
Fund balances at 31 March 2024
286,236 2,717.906
3.004.142
2,997.978
The slatemenl of financial activities includes all gains and losses recognised in the y8ar. All income and expenditure
derive from continuing activities.
The stalement of financial aclivilies also complies with the requirements for an in¢ome and expenditure account
under the Companies Act 2006.
15-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Flxed a$sets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
11
2,663,570
2,733,902
14
60,488
294,408
38,323
241,135
354,896
279,458
Credltors: amounts falling due wlthln
one year
15
(14.324)
(15,382)
Net current assets
340.572
264,076
Total assets less current Ilabllltles
3,004,142
2,997.978
Income funds
Restricted funds
Unreslricted funds
16
16
2,717,906
286,236
2,756,461
241,517
3,004,142
2.997,978
These financial statements have been prepared in a¢¢ordance with the provisions applicable lo companies subject
to the small companies regime.
The financial slatements were approved by the Trustees on .
MeTvyn Gibson
Trustee
Catheri
Truste
rdy
ompany Registration No. N1031089
16-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
COMPANY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notss
Fixed assets
Tangible assets
Curr•nt asset5
Debtors
Cash at bank and in hand
11
940
14
52,889
148,638
27,590
117,652
201.527
145,242
Creditors: amounts falling due within
one yoar
15
{3,000)
(3,000)
Net current assets
198,527
142.242
Total assets less current liabiliti¢$
199,467
142.242
Income funds
Restricted funds
Unrestricted funds
16
98,945
102,522
60.947
81,295
199,467
142.242
These finan¢ial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statem8nts were approved by the Trustees on ..
13.D..ecc
Mervyn Gibson
Trustee
Catherine P
Trustee
Company Reglstration No. N1031089
17-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note$
Cash flow5 from operatlng actlvltles
Cash generated from operations
23
66.757
46,811
Investing activities
Purchase of langible fixed assets
(13,484)
(27.346)
Net cash used in investing activities
(13,484)
(27,346)
Net cash used in financing actlvltles
Net increase in cash and cash equivalents
53,273
19,465
Cash and cash equivalents at beginning of y8ar
241,135
221,670
Cash and cash equivalents at end of year
294,408
241,135
18-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poli¢ie$
Charity infomiation
Easl Belfast Community Development Agency is a ptivate cornpany limited by guarantee in¢orporated in
Northern Ireland. The registered office is 55 Templemore Avenue. Belfast, BT5 4FG.
1.1 Accounting convention
The financial ststements have been prepared in accordance with Ihe charity's Memorandum and Articles of
Association,
the Companies Act 2006 and "Accounting and Reporting by Charilies- Statement of
Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial
Rep0￿-ng Standard applicable in the UK and Republi¢ of Ireland (FRS 102> (effective 1 January 2019) 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 charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial staternents have been prepared under the historical cost convention. The principal a¢¢ounting
policies adopted are set out below.
1.2 Basls of consolidation
The financial statements ¢onsolidate the accounts of East Belfast Community Development Agency and its
subsidiary undertaking csubsid1a￿}.
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 accounl for the year dealt with in Ihe accounts of the charity was nel incoming
resources £57,225 {2023- £29,382).
1.3 Golng Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operalicnal existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or granlors as to how th8y may be used. Th8
PU￿08@s and uses of the restricted funds are set out in the noles lo the financial statements.
19

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (Contlnued)
1.5 Incoming resources
Income is recognised when thè charity is legally entitled to it after any performance conditions have been met,
the amounts ¢an be measured reliably. and it is probable that income will be re￿ived.
Income tax recoverable in relation lo donations re￿iVed under Gift Aid or deed of covenant is recognised at
the ts'me ofthe donation.
Income tax recoverable in relation to investment income is recognised at the lime the investmént income is
receivable.
Other income is recognised in the period in which it Is recèivable and to the extent Ihe goods have been
provided or on completion of the service.
Vvhere funding is received and subsequently distributed to other organisations in accordance with the donorf$
instwctions it is treated a$ conduit fvnding and, therefore, is not recogni5ed in the Statement of Financial
Activities.
1.6 Resources expondod
Expenditure is re¢ognised once there is a legal or consttuctive obligation to Iransfer 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 is classified by activty. The costs of each activity are made up of Ihe lotal of direct ￿$1$ and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
actiwty are alloGated directly to that 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
consist8nt 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 assefs use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and
indude project management. Govemance Gost$ are those incurred in ¢onne¢tion with administration of the
company and compliance with constitutional and statutory requirements.
Charitable activities and Govemance Costs are costs incurred on the charivs operations, induding support
costs and costs relating to the goveman¢e of the charity apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
1.7 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valualion of assets less their residual values over their
useful lives on the following bases-
Freehold property
Fixtures and fittin9S
Computer equipment
offi￿ equipment
2'/ts straight line
20QA reducing balance
250A straight line
20Qh straight line
The gain or loss arising on the disposal of an asset is detemined as the difference between the sale
proceeds and the carrying value of the asset, and 18 recognised in the stslement of financial activities.
20-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policios Icontinued)
1.8 Impalmient of fixed assets
At each reporting end date, the thaiity reviews the carying amounts of its tangible assets to determine
whether there is any indication that Ihose assets have suffered an impairment loss. If any such indication
exists. the recoverable amount of th8 asset is estimated in order to detennine the extent of the impairment
loss (rf any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowing5 in current liabilities.
1.10 Financlal Instruments
The charily has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instrurrents Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in Ihe charivs balance sheet when the charity becomes party to the
contractual provisions of the instrum8nt.
Financial assets and liabilities are offset, with the net amounts presented in th8 financial ststements, when
there is a legally enforceable righl lo set off the re¢ognised amounts and there is an intention lo settle on
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which indude debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently ¢arried at amortised cost using the
effective interest method unless th8 arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basi¢ flnanclal liabilities
Basic financial liabilities, including credilors and bank loans are initially recognised al transaclion pri￿ unless
the arrangement constilules a financing transaction, Whe￿ Ihe debt instrum8nt is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt inslruments 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 cours8 of
operations from suppliers. Amounts payable are classified as cu￿ent liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recogni5ed initially at
transaction price and subsequently measured at amorfised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contraclual obligations expire or are discharged or
cancelled.
1.11 Employoe benefit8
The ¢ost of any unused holiday entillement is recognised in the period in which the employee's se￿IceS are
re￿Ived.
Termination benefrts are ￿OgniSed immediately as an expense when the charily is demonstrably committed
to terminate the employment of an employe8 or to provide temiination benefits.
21

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounllng policies (Continued
1.12 Retirement benefits
Payments to defined contribution retirement benefrt sdiemes are charged as an expense as they fall due.
Critical accounting estimate$ and ludgements
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions al)out the carrying amount of assets and liabilities that are not readily app8￿nt from other
sources. The estimates and associated assumpts.ons are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from th8se estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recDgnised in the period in which the estimate is revised where the revision affeots only that
period, or in the period of the ￿vIsion and future periods where the revision affects both current and future
periods.
Key 80urces of ostimation uncertainty
Fixed Assets
The annual depreciation charge on fixed a55els depends prirnarity on the estimated lives of eath type of asset
and estimates of residual values. The directors regularfy review these asset lives and change them as
necessary to relled Current thinking on r8maining lives in light of prospective economiG utilisation and physical
condition of the assets concemed. Changes in asset lives can have a significant impact on depreciation and
amortisalion charges for the period. Detail of the useful lives is included in th8 accounling policies.
Donations and legacies
Unrestrictad Unregtiicted
funds
funds
2024
2023
Donations and gifts
1,100
22-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activitie5
TAS TRUST East Belfast
D#v•lopmont
Totsl
Total
2024
2024
2024
2023
Performance related grants
Charitable rental income
Other income
719,689
719.689
119.680
71.086
792,545
117,974
75,795
119,680
27.372
43,714
147,052
763.403
910,455
986,314
Analysis by fund
Un￿StriCted funds
Reslrided funds
147,052
43,714
719.689
190.766
719.689
193,769
792,545
147,052
763,403
910,455
986,314
Forthe year ended 31 March 2023
Unrestricted fvnds
Restricted funds
144.842
48,927
792,545
193,769
792,545
144,842
841,472
986,314
Perfomiance related grants
National lottery ¢ommunily fund
DFC - Communily Empowerment Dibision
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
122,598
118,451
43,372
85,366
160,430
122.598
118.451
43,372
85,366
160.430
112,629
45,169
92,447
154,945
263,830
49,385
65,188
8,952
64.570
114,897
10,005
64.570
114,897
10,005
719,689
719.689
792,545
Nel movement In funds
2024
2023
The net movement in funds is stated after chargingllcrediting)-.
Fees payable for the audit of the charity's financial stal8ments
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
5,340
82,515
1.302
5,082
81,556
-23-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
None of the Irustees (or any persons ￿nnected with them) received any remuneration or benefrts from the
charity during the year.
Charilable a¢tivltles
TAS TRUST East Belfast
Develop
2024
Total
Total
2024
2024
2023
staff costs
Depreciation and impainnent
Health development
Programme Costs
Adv8rtising, postsge and stationery
Hardship Fund
Travel and subslstence
Catering ¢osts
Insurance and premises costs
General overheads
Telephone
CED Programme
Promotional costs
CIT expenditure
46.901
82,267
378,372
423,273
82,267
35,234
26,717
363.636
81,556
39,259
8,018
750
225.384
2,310
4,021
8,006
68,494
14,592
1,800
1,710
63,228
35,234
26,717
2.261
2.261
6,128
9,559
60,922
14,608
1,545
3,584
95,684
6,128
9,559
59,426
14,608
1.496
1.545
3.584
95.664
218.889
542.873
761,762
882,764
Share of support costs (see note 8}
Share of governance costs (se8 note 8}
131.760
6.663
131,760
10,567
122,330
10,127
222,793
681.296
904,089 1,015,221
Analysis by fund
Unrestricted fvnds
Restricled funds
148.999
73,794
41,403
639.893
190,402
713,687
210,583
804,638
222,793
681.296
904,089 1,015,221
For the year ended 31 March 2023
Unrestricted funds
Restricted funds
153,333
73,300
57.250
731.338
210,583
804,638
226.633
788,588
1,015,221
-24-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
costs
2024
2023
Staff costs
Depreciation
Other staff costs
Advertising, postage and stationery
Miscellaneous
Insurance and premises Cost
Bank charges
Telephone and IT costs
Room hi￿ and meeting 8xp8nses
Subscriptions and memberships
CIT evalualion
106,590
248
2,025
3,042
551
3,185
756
3,012
178
4,923
7,250
1,323
107,913
248
2,025
3,042
551
3.185
756
3.012
178
4,923
7,250
104.403
1,660
1,952
678
2,898
761
1,588
404
5,315
4,000
Audil fees
9,244
9,244
8,798
131,760
10.567
142,327
132,457
Analysed belween
Charitsble aclivilies
131.760
10,567
142.327
132,457
Governan￿ costs includes paym8nts to the auditors of £9,244 {2023- £8.798) for audit fees.
Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
16
14
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
448.058
39,025
44,103
389,823
41,083
37,133
531.186
488,039
No employee re¢eived remuneration amounting to to more than £60,000 in either year.
Tolal remuneralion payable to key management personnel in the year was £66.739 {2023- £66,382).
-25-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Taxatlon
The charity is exempt from income lax and capital gains tax to th8 extent that its income and gains are applied
for charitable purposes. No tax charge has arisen in the year.
11 Tanglblè fixed assets
Fweehold FIX￿r¢S and
pr(•pgrty
rittings
Computer
•quipm•nt
Offlc•
equipment
T¢)tal
Group
Cost
At 1 April 2023
Additions
Disposals
3,315.747
194,566
5,838
(6,233)
28.764
3,299
(4,112)
167,088
4,347
{22,225}
3,706,165
13,484
(32,570)
At 31 March 2024
3,315.747
194,171
27.951
149.210
3,687,079
Depreciation and Impalmient
At 1 April 2023
Depreciation Charged in the year
Eliminated in respect of disposals
641,794
66,315
163,605
6.533
{5.461)
20,652
4.442
(3,582)
146.211
5.225
(22,225)
972,262
82,515
{31,268)
Al 31 March 2024
708.109
164.677
21,512
129,211
1.023,509
Carrying amount
At 31 March 2024
2,607,638
29,494
8,439
19,999
2.663,570
At 31 March 2023
2,673,953
30,960
8,112
20.877
2.733.902
Compul¢r
equipment
Total
Company
Cost
Al 1 April 2023
Additions
Disposals
6,187
1,188
(1,560)
6,187
1,188
(1,560}
At 31 March 2024
5,815
5,815
Depreciation and impairment
Al 1 April 2023
Depreciation charged in the year
Eliminated in respecl of disposals
6,187
6,187
248
<1,560)
(1,560)
Al 31 March 2024
4,875
4,875
Carrylng amount
At 31 March 2024
940
940
At 31 March 2023
-26-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Other
Unrestricted Restricted
funds
funds
Totsl
Total
2024
2024
2024
2023
Net loss on disposal of tsngible fixed assets
543
759
1,302
543
759
1,302
13 Fixed Asset Investments
Company
East Belfast Community Developmenl Agency is th8 sole member of Templemore Avenue School Trust, a
company incorporated in Northern Ireland and limited by guarantee. The principal activity of Templemore
Avenue School Trust is Ihe operation of East Belfast Network Centre.
The registered offi¢e of Templemore Avenue School Trust is 55 T8rnplemore Avenue, BeFfast, BT5 4FP and its
results a￿ ¢onsolidaled into these financial statements.
14 Debtors
2024
2023
Amounts falllng due within one year.
Group
Prepayments and accrued income
60,488
38,323
Company
Prepayments and accru8d income
52,889
27,590
52,889
27,590
15 Creditors: amounts falllng due within one year
2024
2023
Group
Other taxation and social security
Other creditors
A¢¢wals and deferred income
3,287
1,425
12,899
12,095
14,324
15,382
Company
A¢cruals and deferred incoffle
3,000
3,000
3,000
3.000
-27-

¢D(Dr
>0￿£0
(y)
¢OCYJrm￿ i
T* O) a)
V>vrf)O
a) ¢rJ
¢J&fniL)CGCDé

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Explanatory note5 to the funds
Unrestrlcted Funds
Accumulated
neral fijn
This fund is expendable at the discretion of th8 directors.
Included within general funds caTried forward is £102,522 (2023- £81,295) relating to the parent company.
During the year funds totalling £43,798 were transf8rred from reslricted fvnds to unrestricted funds. This
reflected restricted fund balances where no fiJrth8r r8strictions remained on unspent amounts.
Restricted Funds
Core Acti
s Grants
This funding from Belfast City Coun¢il and Department for Communities covers C￿re staff costs and running
costs. Also Capacity Building Programme and YoLrth Development Programme.
East Belfast Network Centre
Managed by East Belfast Community Development Agency on behalf of Templemor8 Avenue School Trust
providing office space for 11 organisalions. Also, room hi￿ lo communtylvoluntary and Statutory
organisations.
Health develo
ment
ro
This funding from the Public Health Agency and small one-off health related grants provides improvement and
investment in health, lo impact on the SOCAal wellbeing of the community.
TEO- Communities in Transition
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 to community sector organisations in eath ar8a of
Belfast to provide relief from hardships being experienced in the community as a result of ¢ovid -19 pandemic.
BCC- Hardshi
fund
Funding from Belfast City Council to delivar gaslelectric topups for qualifying residents in East Belfast.
The National Lotte
Communit Fund
Funding awarded for Corllmunity Connections Programme which commenced in May 2023.
18 Flnan¢lal commitrnents, guarantses and contlngont liabilities
A portion of grants received may become repayable if The Agency fails to comply with the lerms of the letter of
offer.
29-

EAST BELFAST COMMUNITY DEVELOPMENT AGENCY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Analysis of net assets between funds
Unrestficted Restrlcted
funds
funds
2024
2024
Totsl
Total
2024
2023
Fund balances at 31 March 2024 are
represented by:
Tangible assets
Current assetsl{liabilities)
41,668 2,621,902 2.663,570
244,568
96,004
340,572
2,733,902
264.076
288,236 2,717,906 3.004,142
2,997,978
20 Retirnment benefit schemes
2024
2023
Defined contrfbutlon schemes
Charg8 to profjt or loss in respect of defined contribution schemes
44.103
37,134
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of Ihe
scheme are held separately from those of the charity in an independently administered fund.
21 Related party transactlons
There were no disclosable relaled party transactions during the year (2023 - non8).
22 Condult funding
The Agency is responsible for receiving and distributing funds on bèhalf of the Department for Communities.
£300,576 (2023 - £318,266) was received and distributed during the year and no balance was held in relation
to these monies at 31 March 2024.
23 Cash generated from operatlons
2024
2023
Surplusl(deficit) for the year
6,164
(28,623)
Adjustments for..
Loss on disposal of tangible fixed assets
Depreciation and impaimient of tangible fixed assets
1.302
82.515
81,556
Movements in working capital..
(Increase) in debtors
(Decrease)lincrease in credilors
(22,165)
(1,059)
(8,315)
2,193
Cash generated from operations
66.757
46.811
24 Analysis of changes in net funds
The group had no debt during the ye8r.
-30-