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 Y￿th 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 fO￿ard 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 aC￿danCe 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
FiXtu￿S & 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 emoIun￿nts In excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Restrlctod
R￿trIcted 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