REGISTERED COMPANY NUMBER: N16320801Northern Ireland) REGISTERED CHARITY NUMBER: NIC106517 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR GIRDWOOD COMMUNITY TRUST M.B.McGrady & Co Chai'tered Accountants Suite 2B Cadogan House 322 Lisburn Road Beifasl Co. Anli'im BT9 6GH
GIRDWOOD COMMUNITY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and Administrative Details Report of the Trustees 3to5 Independent Examiner's Report statement of Financial Activities Balance Sheet 8tog Notes to the Financial Statements 10t016
GIRDWOOD COMMUNITY TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Adele Huddleston Mr lan McLaughlin Mr Manus Maguire 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 McLernon On behalf of M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
GIRDWOOD COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the Charities SORP {FRS 102) '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 Objectives and aims 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 benefit 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 community basis, for the benefit of the inhabitants of the area of benefit without distinction of political, religious, or other opinion, nationality, ethnic identity, disability or sexual orientation, with the object of improving the conditions of life of said inhabitants and building good community relations within the locality. ACHIEVEMENT AND PERFORMANCE Charitable activities 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 community organisation to manage the Girdwood Youth 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 Youth Space and facilitate the engagement of community and youth organisations around the site. This consultant facilitated a series of meetings with community and youth organisations around the Girdwood site and the Girdwood Community Trust. This lead to a draft community management proposal. This was an intensive piece of work which took more than 12 months to complete. After a number of meetings the five areas around the Girdwood site which include Lower Shankill, Cliftonville, Lower Oldpark, TDK community area and New Lodge came to an agreement on the way forward 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 21st October 2019. Further meetings took place to agree a new community management proposal which was submitted to Belfast City Council in February 2020. During the current year April 2024-March 2025 Girdwood Community Trust meet 8 times to response to amendments and changes to the proposal for the community management of the Girdwood Youth Space. FINANCIAL REVIEW Financial Review The results for the year are set out in detail on pages 7 to 16. Reserve policy 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 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees, and officers, liability 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 and Articles of Association which was adopted on 1 Olh June 2015. The trustees who served during the year were: Mr lan McLaughlin Mr Manus Mcguire Ms Janice Beggs (resigned 8 January 2025) Mrs Rosemary McGreevy Ms Adele Huddleston (appointed 8 January 2025) Trustee Appointment Informatlon Trustees are elected by the members or co-opted by the Trustees provided that there shall be at all times equal representation of trustees on the Board connected with member organisations associated with the two main traditions (Catholic, Nationalist Republican and Protestant, Unionist and Loyalist.) This does not affect the nomination and election of other Trustees who have no association with organisations from the two main traditions. Public Benefit Compliance In setting our objectives and planning our activities for the year the Trustees have given careful consideration to the Charity Commission Nl's gLtidance 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 COMMUNITh TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The Iruslees (who are also th8 dlreclors of Glrdwood Community Trusl for the purposes of company law) are responsible for preparlng the Report of the Trustees and the flnanclal statements in accordance wlth applicable law and Unlted Klngdom Accounting Slandards (United Kingdom Generally Accepted Accounting Praclic8). Company law requlres the trustees to prepare financial statements for each flnancial year whlch glve a true and fair vlew of Ihe slale of affalrs of the charitable company and of the incoming resources and application of resources, Includlng Ihe income and expendllure, of the charitable company for that year. In preparing those financial ststements, the trustees are requlred to select suitable accountlng pollcles and then apply Ihem conslstently; observe Ihe methods and prlnclples In Ihè Charlly SORP., make judgements 8nd esllmates th81 are reasonable and prudent., prepare the financlal slalemenls on tho golng concern basls unless It Is Inappropriate to presume that the charitable company wlll continue In business. The truslee5 are rèsponslble for keeplng proper accounllng records which dlsclose wlth reasonable accuracy at any time the financlal poslllon of the charitable company and to enable them to ensure that the flnancial slatements comply wlth the Companies Act 2006. They are also responsible for safeguardlng the assots of the charitable company and hence for taklng reasonable sleps for the preventlon and delecllon of fraud and other Irregularities. In so far as the trustees 8r8 aware.. there is no relevant accounting Information of whlch tha charllable companws 8ccountants are unaware; and the trustees have taken all steps that Ihey ought lo have taken to make Ihemselves aware of any relevant Information and lo establish that the accountants are aware of that Informatlon. Approved by order of th6 board of trustees on 16 December 2025 and slgned on ils behalf by: Mr Manus Magulre, Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GIRDWOOD COMMUNITY TRUST I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages seven to sixteen. Respective responslbilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibilily 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 6519)(b} of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts 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 material 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 accounting records 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I can confirm that l am qualified to tjndertake the examination because l am a registered 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 with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mr Seamus McLernon FCA M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH 16 December 2025
GIRDWOOD COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Restricted Capital Total funds Total funds Funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Restricted Investment income Total EXPENDITURE ON Charitable activities Restricted Unrestricted Total NET INCOMEI(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD
GIRDWOOD COMMUNITY TRUST BALANCE SHEET AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETSI(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS FUNDS Unrestricted funds Restricted funds 12 TOTAL FUNDS
GIRDWOOD COMMUNITY TRUST (N1632080} BALANCE SHEET- CONTINUED AT 31 MARCH 2025 The charitable company Is entitled to exemption from audit under Seotlon 477 of the Companies A¢t 2006 for the year ended 31 March 2025. The members have not requlred the company to obtain an audil of Its financlal statamenls for the year end8d 31 March 2025 in accordance with Secllon 476 of the Companles Act 2006. The trustees acknowledge their responslbllllles for (a) ensurlng that the charilablè company keeps accounting records that comply wlth Sections 386 and 387 ofthe Companies Act 2006 and (b) preparing flnanclal statements whlch givg a true and falr view of the state of affalrs of the charllable company as al the end of each fin8nclal year and of ils surplus or dèflcll for each financial year In accordance with the requirements of Sections 394 and 395 and which otherwise comply wlth the requlrements of the Companles Act 2006 relating to financial statements, so far a5 applicable to the charitable company. These flnancl81 stalem8nts have been prepared In accordance wlth the speclal provislons of Part 15 of the Companles Act 2006 relallng to charllable small companles. The financlal statements were approved by the Board of Trus18es on 16 December 2025 and were signed on Ils behalf by: Mr Manus Magulrè -Trustee
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparation The financial statements of the charitable company, which is a public benefit entity 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} (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. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive 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 to 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. Fixed assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.. Buildings - 2 % Straight line Plant & Machinery - 200/0 Reducing balance Fixtures & Fittings - 20 % Reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds are funds of the charity consisting of a General Fund which is expendable at the discretion of the trustees in furtherance of the charitable objectives of the charity and which has been designated for other purposes. 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 administering such funds are charged against the specific fund. Hire purchase and leasing commitments 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 2025 INVESTMENT INCOME 2025 2024 Deposit account interest NET INCOMEI{EXPENDITURE) Net incomel{expendilurel is stated after chargingl(crediling): 2025 2024 Depreciation - owned assels Olher operating lease5 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no Iruslees, expenses paid for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. STAFF COSTS The average monthly number of employees during the yearwas as follows: 2025 2024 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Restricted Restricted Capital Funds funds Unrestricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activlties Reslricted Investment income Total
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Restricted Capltal Total funds Funds Unrestricted Restricted funds funds EXPENDITURE ON Charitable activities Restricted Unrestricted Total NET INCOMEI{EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought for4vard TOTAL FUNDS CARRIED FORWARD 12
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Long leasehold Plant and Fixtures and Machlnery fittings COST Al 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments 8nd accrued income
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors Accruals and deferred income 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 2024 Restricted Capital Total funds Total funds Funds Unrestricted funds Restricted funds Fixed assets Current assets Current liabilities Long term liabilities 14
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 12. MOVEMENT IN FUNDS Net movement in funds At 31103124 At 114123 Unrestricted funds General fund Restricted funds Restricted Capital Funds TOTAL FUNDS Comparatives for movement in funds Net movement in funds At 31103123 At 114122 Unrestricted Funds General fund Restricted Funds Restricted Capital Funds TOTAL FUNDS A current year 12 months and prior year combined position is as follows.. Net movement in funds At 31103125 At 114123 Unrestricted funds General fund Restricted funds Restricted Capital Funds TOTAL FUNDS
GIRDWOOD COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 13. RELATED PARTY DISCLOSURES During the year to 31 March 2025 there were no related party transactions to disclose. 14. COMPANY LIMITED BY GUARANTEE The Company is limited by guarantee and has no share capital. In the event of a winding-up each member undertakes to contribute 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 charity. 16