EAST BELFAST COMMUNITY DEVELOPMENT AGENCY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrfctod Restricted funds funds 2025 2025 Total Unrestrlcted Restrlctad funds funds 2024 2024 Total 2025 2024 Income from: Donations and legacles Charitable activities 1,100 190.766 1.100 910.455 191.946 697,639 889,585 719.689 Total Incomo 191.946 697.639 889,585 191,866 719,689 911.555 Expenditure on: Charilable activities Other expenditure 171.918 445 719,806 891,724 190.402 543 713.687 759 904,089 1.302 Total expondlture 172,363 719.806 892,169 190.945 714.446 905.391 Not Incomel{expendituro) 19.583 (22.167) (2,584) 921 5.243 6.164 Transfers betsveen funds 60.954 (60,9541 43,798 {43.798) Net movom8nt In funds 80.537 {83,1211 <2.584) 44,719 {38,555) 6.164 R8con¢iliation of funds: Fund balances at 1 April 2024 286,236 2.717,906 3,004,142 241.517 2.756.461 2.997.978 Fund balancos at 31 March 2025 366,773 2,634,785 3,001,558 286.236 2,717.906 3,004.142 The statement of financial activttl8s Indudes all gains and losses recognlsed in the yaar. All irtom& and expenditure d8rive from continuing actlvltles. 14-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY CONSOLIDATED 8ALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note8 Flxed assets Intsngible assots Tanglble assets 12 13 2,031 2,601,378 2.663,570 2.603,409 2.663.570 Current assets D8btor8 Cash at bank and in hand 15 84,818 330,030 60.488 294.408 414,848 354.896 Credrtors: amounts falllng due wlthln one yoar {16,6991 {14.324) Net current assots 398,149 340.572 Total assets less cuffont liabilitie$ 3,001,558 3,004,142 The funds of the charlty Restri¢ted Income funds Unrestricted funds 17 2,634.785 366.773 2,717,906 286,236 3,001.558 3,004,142 Thesé financial ststements have been preparad In accordanc8 With the provisions applicable to companies subl8ct to th8 small companies regime. 12..1.12J25 The financial stalements were approved by the trust88s on .. .... Mervyn Glbsc DIreor Catherine Pu DireOr Company registration number N1031089 {Northem Ireland) 15-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY COMPANY BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notos Flxed assets Tangible assets 13 6.909 940 Current assgts Debtors Cash at bank and In hand 78.343 166,961 52.889 148.638 245,304 201.527 ¢reditors: amounts falllng duo wlthln one year 16,090) (3.000) Nel current assets 239.214 198.527 Total assets less curront Ilabilities 246,123 199.467 Income fund$ Restricted funds Unrestricted funds 17 115,522 130,601 96,945 102,522 246,123 199,467 Thesè financial 8tstements have been prepared in accordan¢6 wlth th8 provisions applicable to companies subject to the small ¢ompanles regime. The financial statements were approved by the Trustees on ... 12 |.1212.£ Mervyn Trnstee Catherine Purd Trustee Company Registration No. N1031089 16
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY CONSOLIDATED STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31 MARCH 2025 2026 2024 Notes Cash flows from oporating aclivities Cash genèrated from operations 58.241 66,757 Investlng activluas Purchase of Intangible assets Purchase of langible fixed assets {2,031) {20.588) {13.484) Net cash usod in investing actlvltles {22,619) (13,484) Net cash used In financing activltles Net Increase In cash and cash equivalents 35,622 53,273 Cash and cash equlvalents at beginnlng of y8ar 294,408 241.135 Cash and cash equivalents at end of year 330,030 294,408 17-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Arxounting policies Charlty Infomiatlon East Belfast Communty Dèvelopment Agency is a private company limSted by guarante8 Incorporated wi Northem Ireland. The registered Offi Is 55 T8mplemore Avenue, Belfast. BT5 4FG. 1.1 Accountlng convontion The financial stat8ments have b8en prepared in accordance wlth the ¢harWs Memorandum and Artic5 of AssocIaon. the Companies Act 2006 and "Accounting and Reporting by Chadtles: Ststement ol Recommended Practice appllcabl8 to charit18s preparing their accounts in accordance with Ihe Financial Reporting Stsndard applicable in the UK and Republic of Irdand {FRS 102) (effeGtive 1 January 2019).. The charity is a Public Benefit Entity as defined by FRS 102. The finandal statements are prepar8d in sterting, which Is the functional curr6ncy of the charity. Monetary amounts In these financlal statement8 are rounded to the nearest £. Th8 financial statements have been prepared und8r the historical cost convention. The princlpal aUnting policles adopt8d are set out bekjw. 1.2 Basls of con8olldatlon The flnanclal slatements consolidate the accounts of East Belrasl Communty Development Agency and its subsidiary undertaklng ('subsidiary'). The company has iaken advantage of the exemption contaln8d within section 408 of the Companies Act 2006 not to present its own Income and Expenditure Account. The Income and expenditure accnunt for the year dealt with in the accounts of the charity was net incoming resources £46,656 (2023- £57.225). 1.3 Golng concern At th8 time of approving the financial statements, the tru51ees havè a reasonable expectation that the tharity has adequale resourc8S to continu8 in operational existence for the fcffeseeable future. Thus the trustees continue to adopt the golng conc&m basis of accounting in preparing the financial statem8nts. 1 A Charltable fund5 Unreslrict8d funds are available for use at the discretion of the trust88s in furtheranc8 of their charitable objectives. Restricted funds are subject to speclfic conditions by donors or grantor5 as to how Ihey may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 18-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Iconllnuedl 1.5 Incoming ro¥ources Income 15 recognised when the charity is legally 8ntitl8d to it after any perfomiance o)nditions have been m8t. the amounts Cen be measured reliably, and It is probable that Income will be received. Income tax recoverable in relalion 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 r8cognised at the lime the investment irrne is receivable. Other Income Is re¢ognÉsed In th8 period in which it is receivable and to the extent IhÉ goods have b8en provided or on Completlon of thg senlce. Where funding is received and subsequently distributed to 0th8r organis8tions in accordance with the donor's instructlons it 1$ tr8at8d as ojnduit funding and, therefore, is not recognlsed in the Stat8ment of FinenGial Activities. 1.8 Resources expond•d Expenditure is recognised once there is a legal or constructlve obligation to transfer economic benefit to a third paty. it is probabte that a transfer of economi¢ benefits will be r8qulred in settlement, and the amount of the obligati¢)n can b8 measured reliably. Expenditure is classlfled by activity. Th8 cSts of each activity are made up of the total of direct costs and shared costs. including support costs Involved In und8rtaking each aclivity. Direct sts attributatle to a singla activity are allocated directly to that a¢tlvlty. Shared costs which contribute to more than one actlvlty and support costs which ar8 not attribulable to a single actlvlty are apportIon between those aciivities on a basis consistent with th8 use of resources. C8ntral staff Costs are allocated on th8 basis of tirne spent, and depreciation charges are allocatsd on th8 Portion of Ihe asset's use. Support costs are those costs Incurred directly in support of 8xpenditur8 on th8 objects of the charity and include project management. Govemance costs are those incurrèd in conneclion with administration of the company and Complian with constitutic>nal and statutory requlr8ment$. Charltable eGtiviti8s and Govemance costs are costs incurred on the charitys operatlons. in¢ludlng support costs and costs relatin9 to the govemance of the charity apportioned to charttable activities. All expenditur8 is inclusive of Irrecoverable VAT. 1.7 Inlanglble flxed a888ts other than goodwill Intangible assets acquired separately from a busin8ss are recognised at Cost and are subsequently measured al cost less accumulated amortlsation and accumulated impainnent losses. Intangible assets acquired on business comblnations are r8cconised separately fmm goodwill al the acquislllon date where it is probable that the expected future economlc b8nefits that are attributable to the asset will flow to th8 entity and the fair value of the asset can be measured r8llabty.' the intsngible asset arises from contractual or other legal rights: and the intangible asset is separable from the enoty. Amortisation 18 recognised so as to write off the cost or valuation of assets their residual value5 over their useful Iiv8s on the following base5- Website 2011A per annum straight Ilne 19-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcle5 (Contlnued) 1.8 Tangible fixod assets Tangib18 fixed assets are inltially measured at cost and subsequently measured at C05t or valuation. n8t of depreciation and any impaiment losses. Depreciation is recognised so as to wrile off the LXJSt or valuation of assets less th8lr residual values over their useful lives on the followlng bases: Freehold prop8ty Fixtures and fftlings Computer equipment Office equipment 2% straighl linè 200A reducing balance 251hl straight line 20°A straight line The gain or loss arising on the disp¢81 of an asset Is determined as the diff8ren¢x between the sale proceeds and tho carrying value of the a888L and18 recognised In Ihe sLgtement of financial activities. 1.9 Impalrnnt of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tsngible and iniangible ass&ts to determine wh8ther there is any indication that those a$$ets have suffer8d an impaimient l¢)ss. If any su¢h indlcatlon exists, the r8COV8rable amount of the asset Is estimated In order to determine the extent of the impaiment loss lif any). 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits h81d at call with banks. other short-terni liqui investments with orlglnal maturities (rf three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings In current liablllti8S. 1.11 Flnancial instrumonts The charity has elected to apply the provislons of Sectlon 11 'Basic Financial Instruments, and Section 12 'Other Financlal Instruments Issues. of FRS 102 to all of its finandal instruments. Financial instruments are recognised in the chority's balance sh88t en charity becomes party to the contractual provisions of the Instrument Financial assets and liabllltles are offsèL with thè net amounts presented In the financial stat8ments. when th8re is a legally enforceable right to set off the r8cognised amounts and there is an Intention to s8ttte on a net basls or to realise the asset and 5etUe the Ilability simultaneously. Basic financlal assets Basic financial assets, which Include debtors and cash and bank balances, are Initially measured at transaction price including transaction cosls and are subsequentty carried at amortised cost using the 8ffective interest method unle5S the arrangemènt constitutes a financing Iransaction, where Ihe transaction is m&asur8d at the pres8nt value of the fubjre receipts discount8d at a mart(8t rate cf interest. Flnancial assets classrfed as réceivable within one year are not amortlsed. -20-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos (Continued) Baslc flnanclal lie"11t10$ Basic financial liabilities. including creditors and bank loans are initially r8cogntsed at transaction price unle55 the arrangement constitut8s a financing transaclion, where the debt instrument Is m8asured at the pr8sent value of the future payments dis¢ounled at a market rate of interest. Financial Ilablllties classified as payable within one year are not amortlsed. Debt Instruments are subsequently carried at amortised Cost, uslng lh8 effectiv8 int8r85t rate method. Trade credltors are obllgatlons to pay for goods or service5 that have been acqulrad In tho ordinary LxJuf5e of operations from suppliers. Amounts payable are dassified as current liabllltles If payment is due within one year or less. If not, Ihey are presentsd as non-curTent liabilities. Trade creditors are recognised Initlally at transaction price and subsequently measured at amortiS8d cost using the effective inlere5t method. Der8cogniTion of financial liabilthe5 Financial Ilablllties are derocognised when the charity's contractual obllgation8 éxplre or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entltlement 15 recognlsed in the p8ricKI in which the employee's servlces are rec8lv8d. Termlnation benlts are recognised irnmediately as an expense when the charlty is d8monstrably cornmitted to terminate the employment of an employee or to provide termination benefits. 1.13 Rotirement benefits Paym8nts lo defined contribution retlrement benoflt schemas arè charged as an expense as they fall due. Crltl¢al accountlng a8timates and judgements In the applicatlon of the ¢harlty's accounting polici85, the trustees are requlred to make judgem8nts. e$tlmat8S and assumptions about the carying amount of assets and liabilities that a not readlly apparent from other sources. The estimatss and assoclatsd assumptions are bas8d on historical experience and other factors that ar8 consider8d to be relevant. Actual results may differ from these estimates. The estimat8s and urKlerlying assumptions are reviewed on an ongolng basis. Revisions to accounting estimates are re¢¢rfJnised in the period in which the estimate is revlsed where tha rèvision affects cnly that period. or in the perfod of the rèvlslon and fijture periods where the revision affects both currènt and future p8riods. K•y sourc85 of 08tirnatign uncertalnty Flxed Assets The annual depCIatIOn charge on fixed assets depends primarfly on the estimated IIv8s of each typ8 of asset and estimates of residual valu8s. The directors regularfy review these asset lives and change them as necessary lo refle¢t current thinking on rèmaining lives in lighl of prospective economic utilisaticl) and physical condition of the assets n¢emed. Changes In asset live8 rn hav8 a significant impact on depreciallon and amortisation charges for the period. Detall of the useful Iiv8s is included in th8 accounting policies. -21-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 PJIARCH 2025 Donalions and legacies Total Unrestricted funds 2025 2024 Donations and gifts 1,100 -22-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable aclivities TAS TRUST E•st B•hst DlOpMent 2025 Totsl Total 2025 2025 2024 Sales of servlces by beneficiaries Perft)nnance related grants Charitable renlal Income Other incorne Less.. deferr8d income 41,857 41,857 697.706 118.381 31.708 (67) 697.706 719,689 119.680 71,086 118,381 12,428 19.280 {67} 172,666 716,919 889.585 910.455 Analysis by fund Unrestdcted funds Restricted funds 172,666 19,280 697,639 191,946 697,639 190.766 719,689 172,666 716,919 889,585 910.455 For the year ended 31 March 2024 Unr88tricted funds Rastricted funds 147,052 43,714 719.689 190.766 719.689 147,052 763.403 910.455 Performance related grants Natlonal lottery community fund DFC - CED - Neighbourhood renewal DFC- VCD - Communlty investment fund PHA- Inv8sting for Health PHA- Healthy Living & Health Strategy Belfasl Cty Council TEO- Communities in Transltion Other Grant Income 123,218 117,929 45,541 91,408 171,787 74,579 68,240 5,004 123,218 117,929 45,541 91.408 171.787 74.579 68.240 5.004 122.598 118,451 43.372 85,366 160.430 64,570 114,897 10,005 697,706 697.706 719,689 Net rnovement in funds 2025 2024 Thè n8t movement in funds is stated after chargingl{¢redltingJ: Fee5 payable for the audlt of th8 chariWs financial statements Depreciation of owned tangibla flx8d assets Loss on disposal of tangible fixed assets 5.490 82.334 445 5.340 82,515 1,302 -23-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 TruAteés None of thè trustees lor any persons connected with them) r8c8ived any remuneration or benefits from th8 charity durfng Ihe y8ar. Charitable activities TAS TRUST East Belfast Develop 2025 Total Total 2025 2025 2024 staff costs D8pr8ciatlon and impairment Health devolopmant Programme costs Advertising, postage and statlon8ry Travel and subsistence Catering costs Insurance and premises costs General overhaads Telephone CED Programme Promotional costs CIT expenditure 48.759 81,931 355,817 404.576 81,931 33.829 54.110 2.006 2.376 8.818 10.278 70,442 12,666 1.691 6.299 62,463 423.273 82.267 35.234 26.717 33.829 54,110 2.006 2.376 2,261 6.128 9.559 60.922 14,608 1.545 8,818 10.278 70.442 12,666 1.691 6.299 62.463 95,664 232.894 518,591 751,485 761,762 Share of 8UPPOrt costs (see note 8) Share of governan costs (see note 8) 129,335 6,868 129.335 10,904 131,760 10,567 4,036 236.930 654,794 891,724 904,089 Analysis by fund Unrestricted funds R8Strlctad funds 166,878 70.052 5,040 849.754 171.918 719.806 190.402 713,687 236.930 654,794 891,724 904,089 For the year ended 31 March 2024 Unrestricted funds Restricted funds 148,999 73,794 41,403 639,893 190,402 713,687 222.793 681,296 904,089 -24-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2025 Support eosts Support Governance costs 2025 2024 Staff costs Depredation Olher staff costs Advertising. postsge and stallonery Miscellaneous Insurance arKI premises cost Bank charges Telephone and IT costs Room hire and meeling expenses Subscriptions 8nd memberships CIT evaluation 99.689 403 9,066 1.611 4.186 3.615 920 2,257 139 4,949 2.500 1.378 101,067 403 9,066 1.611 4,186 3,815 920 2,257 139 4,949 2,500 107.913 248 2,025 3.042 551 3,185 756 3,012 178 4.923 7,250 Audit fees 9,526 9,526 9.244 129,335 10,904 140,239 142.327 Analysed be08n Charttable activities 129.335 10,904 140.239 142,327 Governance costs includes panEnts to the audltors of £9.526 (2024 - £9.244) for audit fees. other oxpendlture Unrestrictèd Restricled funds funds 2025 2025 Total Unrestrlcted Restricted funds fund$ 2024 2024 Total 2025 2024 Net loss on disposal of tangible fixed assets 445 445 543 759 1.302 -25-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees Numbgr of employees The average monthly number of employees during the year was: 2025 Numbor 2024 Number 15 16 Ernploym•nt costs 2025 2024 Wage$ and salaries Social security costs oth8r pension costs 446.262 15.985 43,396 448,059 39,025 44,102 505,643 531.186 No employee reIVed rernunerallon amounting tsj to more than £60,000 In either year. Totsl remuneration payable to key management personnel in th8 year was £89,458 {2024- £66.739). 11 Taxallon The charity is exempt from income tax arKI capital gains tax to the extent that Its income and gain8 are applied for charitable purpose5. No lax charge has arfs8n in the year. 12 Intsngible flxod assets Website Group Cost At 1 April 2024 Additions- separately acquired 2,031 At 31 March 2025 2,031 Amortlsatlon and impaimient At 1 Aprll 2024 and 31 March 2025 Carrying amount At 31 March 2025 2,031 At 31 March 2024 -28-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2025 13 Tanglble flxed asets Fr••hold FIXtur and proporty fittlng• Computer •qulpment Offl¢• •quipm•nt Tot81 Group Al 1 April 2024 Additions Disposals 3.315,747 194.170 6,372 27,952 149.209 6.788 7.428 (2,21 D) 154,051) 3.687.078 20.588 (56.261) Ai 31 March 2025 3,315.747 200.542 32.530 102.588 3,651,405 Depreciation and Impalrn)ent Ai 1 April 2024 Depreciation charged in the year Ellmlnated in respect of dlsposaEs 708,109 66,315 164.677 6.005 21.512 4.133 (1.765) 129.211 5.881 154.051) 1,023,509 82.334 (55.816) Al 31 March 2025 774,424 170.682 23,880 81,041 1,050.027 Carrying amount At 31 March 2025 2,541,323 29.860 8.65D 21.545 2.601.378 At 31 March 2024 2.607,638 29.493 6.440 19.999 2.663.570 Flxtur•s and flttlngg Comput•r •qulpm•nt Tolal Company Cost Al 1 April 2024 Addili¢)ns Disposals 5,815 5.815 6.372 (1,238) 6.372 (1.238) At 31 March 2025 6,372 4.577 10,949 Depre¢iatlon and Impalrment At 1 April 2024 D8precialion charged in Ihe year Elimlnated in respect of disposals 4.875 297 (1.238) 4.875 403 (1,238} 106 At 31 March 2025 106 3,934 4.040 Carrying amount At 31 March 2025 8.266 6.909 At 31 March 2024 940 940 -27-
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Fixed Asset Investments Company East Belfast Community Development Agency is the sole member of Templemore Avenue School Trust, a company Incorporated in Northem Iland and Ilmited by guarantee. The prfnclpal activity of Templemore Avenue School Trust Is the operation of East Belfast Nerk Centre. The registered office of Templemore Avenue School Trust is 55 Templemore Avenue, Belfast. BT5 4FP and its re8u118 are consolidated into these financial stat8ments. 15 D•btor$ 2025 2024 Amounts falllng due wlthln one year: Group Prapayments and accrued income 84.818 60.488 Company Prepayments and accrued incomè 78.343 52,889 78,343 52.889 16 Credltors: amounts falling due withln ona yoar 2025 2024 Group 0th8r creditor8 Accruals and defe1 income 2,205 14,494 1.425 12.899 16,699 14,324 Company A¢cruals and deferr8d Income 6,090 3,000 6,090 3,000 -28-
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EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 18 Explanatory notes to thè funds Unré8trlctsd Funds This fund is expendable at the dlscretlon of the dlrectors. Indud8d within general funds rarried forward 15 £130,601 (2024 - £102.522) relating to the parent company. During the year funds tot8lllng £60,954 were transferred from S1Cted funds to unre8trict8d fund8. This reflected reslricted fund balances where no further restrictions remained on unspent amounts. Rostrfcted Funds ivit18S This funding from B81fasl City Council and Department for Communitie5 covérs core staff costs and running 05ts. Also Capaclty Building Programme and Youth Development Programme. as Managed by East Belfast Community Development AgenGy on b8half of Templemore Avenue SCI01 Trust providing office spac8 for organisations. Also, room hire to communityfvoluntary and Statutory organisations. This funding from the Public Health Ag8ncy and small one-off health related grants provides improvement and Investm8nt in health, to impad on the social wellbelng of the community. TE This contract was awarded for a Heath and Wellbeing Programme in the East BeKast Cit araas. Th Funding awarded for Communlty Connections Programme whlch commenced in May 2023. 19 Financlal commlbiiènts. guarantses and contingent Ilabllltles A portion of grants received may become repayabl6 if The Agency fails to comply wlth the tem)s of the lettèr of 20 R•lat0d party transactions There were no disclosable lated paty transactions during the year (2024- none}.
EAST BELFAST COMMUNITY DEVELOPMENT AGENCY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of nèt assols b•tsveen fundgj Unrestrlcted Restrlctod fund$ funds 2025 2025 Total Total 2025 2024 Fund balances at 31 March 2025 are represènted by: Intanglble fixed assats Tangible assets Curr8nt as8etsl{liabilities) 2,031 2.031 50,469 2,550,909 2.601.378 314,273 83.876 398.149 2.663.570 340.572 366.773 2.634.785 3.001,558 3,004,142 22 Retlremenl nefft schemes 2025 2024 Dofln•d contributlon schemos Charge to profft or loss In respect of defin8d contribution schemes 43,396 44,103 The charity operates a defined Contributlon pension sch8m8 for all qualifying employees. The assets of the schem8 are held separately from those of the charfty in an independenlly administered fund. 23 Condult fundlng The Agency is responsible for receiving and distributing funds on behalf of the Department for Communiti8s. £325,951 (2024 - £300,576) was received and distributed durlng the year and no balance was held In r8lation to these monies at 31 March 2025. 24 Cash generated from operations 2025 2024 (DeficitJlsurplu5 for the year (2.584) 6.164 Adjustmonts for. Loss on disposal of tangible fixed 8ssets Depreciallon and impairm8nt of tangiLle fixed assets 445 82,334 1.302 82,515 Movemonts In worklng ¢apltal: {Increase) in debtors Increa881{d8CTease) in creditor5 (24.330) 2,377 (22.165) {1.059) Cash genèrated from operations 58.242 66,757 25 Analysis of changes in net funds The group had no debt during the year. 31