REGISTERED COMPANY NUMBER: N1632080 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC106517 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR GIRDM)OD COMMUNITY TRUST M.B.Mctir8dy & Co alartered Accounlanls Suit¢ 211 Cadogan Housc 322 Lisburn Road Belfasi Co. Antrim B-19 6GFI
GIRDWOOD COMMUNITY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Reference and Administrative Details Report of the Twstees 3to5 Independent Examinerfs Report Statement of Financial Aclivities Balance Sheet 8t09 Notes to the FinancAal Statements 10t016
GIRDWOOD COMMUNITY TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES Mr Malachy Mulgrew Mr lan McLaughlin Mr Manus Maguire Ms Jani Beggs Mrs Rosemary McGreevy COMPANY SECRETARY Mr Manus Maguire REGISTERED OFFICE 185 Cliftonpark Avenue Belfast United Kingdom BT14 6DT REGISTERED COMPANY NUMBER N1019141 (Northern Ireland) REGISTERED CHARITY NUMBER NIC106517 INDEPENDENT EXAMINER Mr Seamus McLemon On behalf of M.B.M¢Grady & Co Chartered Acc4)untants Suite 2B Cadog8n House 322 Lisbum Road Belfast Co. Antrirn BT9 6GH
GIRDWOOD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The financial slatements have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. OBJECTIVES AND ACTIVITIES Objectlves and alms The purpose of the charity is to advance peace and reconciliation within Cliftonville, Lower Shankill, Lower Oldpark and their environs of Belfast and to advance the ben8fit of the inhabitants of the area of benefit, and promote economic and urban regeneration within the locality, and to promote a peace and reconciliation at Girdwood on a cross communty basis. for the benefit of the inhabitants of the area of benefit without distinction of polilical. religious, or other opinion. nationality. ethnic identity. disability or sexual orientation. with the object of improving the conditions of life of said inhabiiants and building go(yJ community relations within the locality. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles The primary focus of our work is to secure agreement from Belfast City Council to manage the Girdwood Youth Space as a centre to promote peace and reconciliation and economic and urban regeneration. In 2016 Belfast City Council sought expressions of interest from a suitable cross communlty organlsation to manage the Girdwood Youlh Space. One expression of interest was submitted by the North Talks Too project which set up the Girdwood Community Trust as its legal entity. Belfast City Council decided to procure the services of an independent consultant to develop a community management proposal to manage the Girdwood Ywth Space and facilitate the engagement of community and youth organisations around the site. This consultant facilitated a series of meetings with community and Yth organisations around the Girdwood site and the Girdwood Community Trust. This lead to a draft community management prOp¢al. This was an intensive piece of work which took more than 12 months to complete. After a number of meetings the four areas around the GirdwcK)d site which indude Lower Shankill Communlty Association. Cliftonville Community Regeneration Forum, Lower Oldpark Community Association, TDK Community Group and Greater New LcKlge CEP came to an agreement on the way fOard for the community management of the Girdwood Youth Space. This led to changes to the Memorandum and Articles of Association at a special meeting on 21 st Octobar 2019. Further meetings took place to agree a new community management proposal which was submitted to Belfasl City Council in February 2020. However, during the current year April 2022-March 2023 Girdwood Community Trust meet 7 times to work on the proposal for the community managemenl of the Girdwood Youth Space. The Girdwood Youth Space management proposal was submitted to Belfast City Council in February 2023. FINANCIAL REVIEW Financlal Review The resulls for the year are set out in detail on pages 7 to 16. Reserve pollcy Girdwood Community Trust does not yet have a reserves policy. This will be set in the near future once funding is secured. The charity has no deficit at the end of this financial year.
GIRDWOOD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees, and oftlcers. Ilablllty During the year the Company maintained insurance cover against liabilities incurred whilst acting in their capacity as trustees or officers of the company. Girdwood Community Trust is a company limited by guarantee with a Memorandum arKI Articles of Association which was adopted on 101h June 2015. The truste8s who served during the year were: Mr Malachy Mulgrew Mr lan McLaughlin Mr Manus Mcguire Ms Janice Beggs Mrs Rosemary McGreevy Trustee Appointment Informatlon Trustees are elected by the members or c04)pted by the Trustees provided that there shall be at all times equal representation of trustees on the Board connected wilh member organi5aiions associated with the two main traditions (Catholic. Nationalist Republican and Protestant. Unionist and Loyalist.) This does nol affect the nomination and election of other Trustees who have no ass(Kiation with organisations from the two main traditions. Publlc Benefit Compllance In setting our objectives and planning our activities for the year Ihe Trustees have given careful conslderatlon to the Charity Commission Nl's guidance on public benefit to ensure that the activities have helped to achieve the Charitys purposes and provide a benefit to the beneficiaries. FUTURE PLANS We hope that our aspiration to work together as communities and manage the Girdwood Youth Space is achieved In the incoming year.
GIRDWOOD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees {who are also the directors of Girdwood Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that year. In preparing those financial statements, the truslees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any lime the financial position of the charitable company and to enable them to ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charilable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant accounting information of which the charitable companls accountants are unaware: and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the accountants are aware of that infomiation. Approved by order of the board of trustees on 19 December 2023 and signed on its behalf by.. Mr Manus Maguire. Trustee
INDEPENDENT EXAMINERE REPORT TO THE TRUSTEES OF GIRDWOOD COMMUNITY TRUST I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages seven to sixleen. Respectlve responsiblllties of charlty trustees and examlner As the charity's trustees (and also the directors for the purposes of company law) you are responsib for the preparation of the accounts in accordance with the requirements of the Companies Act 20C6. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independenl examination. it is my responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 ('the Charities Act.) follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act stale whether particular matters have come to my attention. Basls of the Independent examlner's r•port I have examined your charity accounls as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any materi81 matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those acrA)unting Tecords That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in aCdanCe with the Flnancial Reportlng Slandard applicable in Ihe UK and Republic of Ireland That there is further information needed for a proper understsnding of the accounts to be reached. Independent examlner's statement I can confirm that l am qualified to undertake the examination because l am a reglstered member of Chartered Accountants Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection wilh following the Directions of the Charity Commission for Northern Ireland, I have found no matlers that require drawing to your attention. mi((LW4 Mr Seamus McLernon FCA M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH 19 December 2023
GIRDWOOD COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Restricted Capltal Total funds Total funds Funds Unrestricted Restrlcted funds funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies Charitable 8ctlvltles Restricted Investment income Total EXPENDITURE ON Charitable actlvltles Restricted Unreslricted Total NET INCOMEI(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD
GIRDWOOD COMMUNITY TRUST BALANCE SHEET AT 31 MARCH 2023 2023 2022 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NETCURRENT ASSETSI(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS FUNDS Unrestricted funds Restricted fund8 12 TOTAL FUNDS
GIRDWOOD COMMUNITY TRUST (N1632080) BALANCE SHEET- CONTINUED AT 31 MARCH 2023 The charitable company is entitled to exempts'on from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 20(JS. The trustees acknowledge their responsibilities for {a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and falr view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance wilh Ihe requirements of Sections 394 and 395 and which otherwise comply with the requirem8nts of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable Company. (b) These financial statements have been prepared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The financial statemnts were approved by the Board of Trustees on 19 December 2023 and were signed on its behalf by: Mr Manus Maguire -Trustee
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basls of preparatlon The financial statements of the chaTitsble company, which is a public benefit entlty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effeclive 1 January 2015)., Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under Ihe historical cost convention. Incomo All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income w'll be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or (y)nstTUCtive obligation committing the charity to that expenditure. 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Flxed assets All fixed assets are initially recorded at cost. Depreclatlon Depreciation is calculated so as to write off the cost ol an asset. less its estimated residual value, over the useful economic life of that asset as follows: Bulldings - 20/0 Straight line Plant & Machinery - 20Oh Reducing balance FiXtuS & Fittings - 20°A Reducing balance Taxatlon The charity is exempt from corporation lax on its charitable actNlties. Fund accountlng Unrestricted funds are funds of the charity cx)nsisting of a General Fund whith is expendable at the discretion of the trustees in furtherance of the charilable objectives of the charity and which has been designated for other wrposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purposes. The cost of raising and adminislering such funds are charged against the specific fund. Hlre purchase and leaslng commltment$ Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the year of the lease. 10
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 INVESTMENT INCOME 2023 2022 D8posiI JUnI interest NET INCOMEI(EXPENDITURE Nel incomell8XP8ndilure) Is slated after chargingl{cr8dilwig): 2023 2022 Depreciation - assets other operating leases TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees. expenses There were no trustees, expenses paid for the year 8nded 31 March 2023 nor for the year ended 31 March 2022, STAFF COSTS The average monthly number of employees during the ye8r was as follows. 2023 2022 No empkJye8s receNed emoIunnts In excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Restrlctod RtrIcted Capltal Funds funds Unrestrlct funds Total fund8 INCOME AND ENDOWMENTS FROM Donations and legacAes Charltable activltles Reslricled Investment income Total
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES-continued Restrlcted Unrastricted Re8trlctsd Capltsl Total funds funds funds Funds EXPENDITURE ON Charllable actlvltles Restricted Unrestricted Total NET INCOMEI(£XPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12
GIRDWOOD COMMUNITYTRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 TANGIBLE FIXED ASSETS Long leasehold Plant and Fixtures and Machinery fittlng8 COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION Al 1 April 2022 Charge for year Al 31 M8f¢h 2023 NET BOOK VALUE At 31 March 2023 Al 31 March 2022 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Prepayments and accrued incom8 13
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Trade creditors Other creditors ArKruals and deferred income 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 Bank loans 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 2022 Restrictod Capltal Total funds Total fund8 Funds Unrestrlcted Restrlctod funds funds Fixed assets Current assets Current liabilities Long term liabllities 14
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 12. MOVEMENT IN FUNDS Net movement In funds At 31103122 At 114121 Unrestricted funds General fund Restricted funds Restricted Capital Funds TOTAL FUNDS Comparatlves for movement In funds Net movement In funds At 31103121 At 114120 Unrestrlcted Funds General fund Restrlcted Funds Restricted Capital Funds TOTAL FUNDS A Current year 12 months and prior year combined position is as follows: Net movoment In funds At 31103122 At 114120 Unrestrlcted funds General fund Restrlcted funds Restricted Capital Funds TOTAL FUNDS 15
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 13. RELATED PARTY DISCLOSURES During the year to 31 March 2023 there were rm) related party transactions to disclose. 14. COMPANY LIMITED BY GUARANTEE The Company is limtled by guarantee arKI has no share capital. In the event of a winding-up each member undertakes to cL)ntribule such an amount. as may be required for the payment of liabilities, not exceeding £1. 15. KEY MANAGEMENT PERSONNEL Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the chanty. 16