COMPANY REGISTRATION NUMBER: N1628773
CHARITY REGISTRATION NUMBER: 107782
Eastside Arts
Company Limited by Guarantee
Financial Statements
31 March 2023
Finegan Gibson Ltd
Chartered accountsnts & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Eastside Arts
Company Limited by Guarantee
Financial Ststements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the directorfs report)
Independent auditorfs report to the members
10
Statement of financial activities (including income and
expenditure account)
Statement of financial position
16
17
Notes to the financial statements
18
The following pages do not form part of the financial statements
Detailed statement of financial activities
30
Notes to the detailed statement of financial activities
31

Eastside Arts
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees. who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2023.
Reference and admlnlstrallve detalls
Reglstered charfty name
Eastside Arts
Charity registration number
107782
Company reglstration number N1628773
Principal office and registered Avalon House
offlce
278-280 Newtonards Road
Belfast
BT4 1HE
Antrim
The trustees
D Alderdice
F Bell
R Davison
M Turtle
S Brannigan
E M¢Cracken
J McGrath
M Neill
J Sialianskaia
(Resigned 2 December 2022)
(Resigned 26 April 2022)
(Appointed 4 July 2023)
{Appointed 4 July 2023)
(Appointed 4 July 2023)
{Appointed 4 July 2023)
Company secretary
Tony Wilson
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Sollcltors
Hewitt and Gilpin
Thomas House
14-16 James Street South
Belfast
BT2 7GA

Eastside Arts
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {conllnuedJ
Year ended 31 March 2023
Structurei governance and management
Governing Document
Eastside Arts is a company limited by guarantee and is a charity recognised by the Charity
Commission for Nl. It is a not for profit organisation.
The company was established under a Memorandum of Association which established the objects and
powers of the company and is govemed under its Articles of Association.
Appointment of trustees
The Chairperson and the trustees recommend new trustees as needed. New trustees are recruited on
the relevance of their skills. and their potential to be able to make a helpful contribution to th8
governance of the charity. As part of this process they are made aware of a trustee's legal obligations
under charity and company law. the content of the Memorandum and Articles of Association, th8
decision-making processes. the business plan and recent financial performance of the charity.
Once the potential new trustee has agreed to be considered for appointment they can be co-opled by
the directors until formal voting by members occurs at the next Annual General Meeting.
Trustee induction and training
A trustee induction process is in plac8 for all group companies.
Organlsation structure and how charity makes decisions
Eastside Arts is govemed by the board of directors. The company is managed on a day to day basis
by a senior management team.
The board of directors meets quarterly. and is appointed by the members at the AGM.
A senior managament team manages the day to day activities of the company, and reports on
company performance to all board meetings.
Arrangements for sethng pay and remuneratlon of key managementpersonnel
The directors consider the board of directors, who are the charity's trustees, and the senior
management team comprise the key management personnel of the charity in charge of directing and
controlling. running and operating the charity on a day to day basis. All directors give of their time
freely and no director received remuneration in the year. Details of directors, expenses and related
paty transactions are disclosed in note 13 to the accounts.
The pay of the s8nior staff is set by referen¢e to NICVA guidance and utilisation of NJC pay scales. In
view of the nature of the charity, the directors benchmark against pay levels in other similar sized
charities run on a voluntary basi5 when appointing new member5 of key management.
Relationships wlth related partles
None of our tTUStees re￿1Ve remuneration or other ben8fit from th8ir V￿rk with the charity.

Eastside Arts
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (eontlnu8d)
Year ended 31 March 2023
Risk management
Th8 company aims to mitigate the major risks it faces by implementation of th8 following procedures'.-
Significant external risks to funding have led to the development of a strategic plan which clearly
Identifies funding requirements going forward. and
Internal control risks are minimised by the implementatlon of procedures for authorisation of all
transactions with a financial implication.
Directors
The directors seNing during the year were as follows:.
D Atderdice
F Bell
R Davison
M Turtle
S Brannigan

Eastside Arts
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continuéd)
Year ended 31 March 2023
Objectlves and activities
Eastside Arts seeks to inspire Eastside residents and visitors by celebrating east Belfast, nurturing
creative talent and delivering excellent programmes and events.
Historically east Belfast has b8en underfunded in cultural provision and as a result, there has often
been an underlying uncertainty about engagement with the arts in east Belfast. Eastside Arts works
within this context to challenge barriers to participation and demonstrate that the arts and creativity are
for everyone, bringing regeneration to the east of the city through creative engagement.
In terms of extemal strategic context. the company works within th8 Strategic servlce dellvèry and
funding Context of the Programme for Government and Belfast Agenda. We are a key partner in
delivering the Strategic objectives of our cor8 fundèrs, tha Arts Council Northern Ireland (ACNI), our
principal funder, and Belfast City Council. specifically the Belfast Agenda and 10-year Cultural
Strategy, A City Imagining.
Within the overall Programme for Government. Eastside Arts is most strategically aligned with
Outcome 5- We are an innovative, creativa society, where people can fulfil their potential., and
Outcome 9: We are a shared. welcoming and confident society that respects diversity.
Within Belfast City Council's Belfast Agenda we are most strategically aligned with Outcome 5: Belfast
is a vibrant, attractive. connected and environmentally sustainable city- and Outcome 2: Belfast is a
welcoming. safe. fair and inclusive city for all.
Eastside Arts is proud to be part of the cultural landscape of Belfast. contributing to the growth and
development of the Arts Sector in Northem Ireland.
The company employed 3 full time member5 of Staff during the course of the year. and managed a
team of volunte8rs.
Charitable Purpose
The purpose of Eastside Arts, as expressed in its objects is to: advance education, to promote the
arts, heritage and culture and to promote the benefit of the people of East Belfast and its environs of
Greater Belfast without distinction of age. gender, disability. Sexual orientation. nationality. ethnic
identity. political or religious opinion. by associating the statutory authorit18s. community and voluntary
organisations and the inhabitants and in particular-
a) to encourage appreciation for and active participation in Gommunity based visual and performing
arts including music, visual art. comedy. theatre, film and literature.
b) to encourage appreciation of the arts and stimulate the artistic creativity of people in the area of
benefit and to produce performances and exhibitions of works of cultural and educational value
including entertainm8nls and exhibitions
c) to advance any other exclusively charitable purpose as the directors may. from time to time, decid8
in a¢cordance with the law of charity.

Eastside Arts
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) feontlnu8d)
Year ended 31 March 2023
Strategic report
The following sections for achievements and performanc8 and financial review form the strategic
report of th8 charity.
Achievements and performance
Public beneflt report
From our company objects flow our organisational purpose which is "to create an east Belfast that is a
thriving cultural hub- where the arts are valued, creativity is for everyone and people are connected
with each other and the wider world., The different elements within our purpose are further broken
down into four Strategic Objectives as follows -
1. To improve equity of opportunity for people in east Belfast to engage with creative activities
2. To create a variety of meaningful. open and inclusive opportunities for people in east Belfast to
explore creativity and connect with others
3. To celebrate the past, present and future of east Belfast;
4. To develop relationships that ensure the long-term stabilty of Eastside Arts and creat8 invastment
in the arts in east Belfast
2022123 Achievements and Perfom)ance in meeting Strategic Objectives:
Objectlve 1: To improve equity of opportunity for people in east Belfast to engage wlth creative
activities
The Gert & Friends - From October 2022 - March 2023 we worked with 25 local people, members of
the Gertrude Star Band. between the ages of 16 and 69. creating 9 brand new tracks c0-V￿1tten with
Matt McGinn. Una Mccann, Chip Bailey and Duke Special, which celebrated the culture and heritsge
of the band and protestant marching Gullure. A celebration showcase event took place in The MAC
Belfast in March and was remounted in C.S. Lewis Square in July which was attended by 577 people.
High levels of engagement a¢ross the proje¢tlwith ESP and overwhelmingly positive feedback from
the members involved highlighted the importance of the project to individual members: 'Ju5t like to say
a big thank you to all involved in the two shows we've put on these last few months...Myseff I'm in the
band going on 30 years and I must say it's the best thing I've ever been involved in. The women's
choir, what Can Isa￿ Women. Mums, Wives, Aunties, Daughters and friends just brought in. Had the
pleasure of doing this with my wrfe which was brilliant. she loved it. The friendships we've all made!
Just let's hope one day we'll get the chance to do it all again somewhere.. . Andy, Band Member

Eastside Arts
Company Llmlted by Guarantee
Trustees, Annual Report {Incorporating the Director's Report) (Gonllnued)
Year ended 31 March 2023
Attendance at Communi
Meetin
s - The staff team continued to develop our networks of contacts
from a broad demographic of east Belfast representatives through monthly attendance at Race
Relations Network meetings. Community Devèlopmant Cafes, and the Dementia Friendly East 88lfast
Ste8ring Committee, including taking on the role of Vice-chair of the Race Relations Ne￿ork. We
made 4-5 new contacts including East Belfast GAA and Hosford Women's Group, developing our
understanding of how and why people engag8 in east Belfast.
Shared Curatorshi
We worked with an experienced live music curator and two performers and
event organisers from the Queer community to programme a number of events in the Eastside Arts
Festival to ensure that those with lived experience had input into the opportunities that were created
for people to engage in arts and culture through the festival.
Objective 2: To ¢reate a variety of meanlngful, open and Inclusive opportunitles for people In
east Belfast to explore creatlvlty and connect with others
The Artful
ein
ro
ramme was a 5-month Greative programme for older people with social drop-ins
for independent seniors. bespoke workshops for those in dementia specialist supported living facilities
and public events programmed during the Eastside Arts Festival for both independent seniors and
those in palliative I nursing care. Over the course of 5 months we engaged with 386 people. During
the Eastside Arts Festival in August we ran the Silver Screenings at Strand Arts Centre and the very
popular 'Soda Popz Lunchtime Bop, to cater for older citizens and those on a dementia journey. or
with learning disabilities.
Creative Kids Our summer activity for children and families featured 2 bespoke events during the
Eastside Arts Festival: FunKademy - a 4-day creative summer school for 166 x children aged 5-11 to
try a variety of different artforms, have fun and meet other children from outside of their schools or
community circles. The Festival Fun Day
a birthday themed family fijn day featuring children's
theatre, liv8 music, infom)ation stslls, craft activities. storytelling tent and workshops was attended by
-500 people.
Creative Citlzens Pro
mme: In November 2022 we were awarded £317K from the Paul Hamlyn
Foundation over a 48-month period to deliver the Creative Citizens community engagement
prograrnme. The first year of the programme is almost entirely research based and the final quarter of
the reporting period was spent creating a Cultural Research and Engagement Tender.
Eastside Choir The choir reached maximum membership capacity at 35 members and during the
reporting period, moved rehearsal space from Ballyhackamore Social Club to their permanent home in
Short Strand Community Centre. At the end of their Spring Term, the choir performed in Marie Cure
Hospi¢e and Connswater Shopping Centre. They delivered 2 x summer performances in the Eastside
Arts Festival and in December, they performed beside the Christmas Tree in Lanyon Station for our
sponsor Translink. and held the now annual Winter Warmer in Banana Block on Thursday 8
December.
Creatin
ace
In collaboration with a new ¢onta¢t, Hosford Women's Group, we devised and
delivered 'Creating Space,. a 4-week reactive project to promote integration and cultural diversity by
supporting Hosford's Women's Group to explore their Creativity and share their stories Ihrough
trauma-infomied arts practice. We delivered 4 weeks of creative workshops, culminating in an
exhibition in Skainos. All the athork on display was availabl8 lo purchase with proceeds reinvested
into Hosford Wornen's Group.
Kids, Socia
We ran 12 x Big Kids, Society events (a fun. creative monthly social night held in 3

Eastside Arts
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {ontinu•d)
Year ended 31 March 2023
x cafes in east Belfast. led by 4 x visual artists from our Big Kid's Collectlve) for 108 participants.
Open to all ages, experiences and backgrounds. these events focus on creatlng a creative communty,
nurturing individual creativity, increasing accessible. open creative opportunities in east Belfast and
offertng a space for Creativity outside of publsocial club environments.
It's so nice to be able to walk ten mins from my house and do something lik8 this!
I loved the first event so much I've signed up to them all. It's my monthly treat to me. from mel
Ivs a treat to be able to do something like this together, without the kidsl
This is a great way to try something new, and it's affordable too
Governance During the final quarter of the year we carried out a skills audit of the ESA Trustees as a
first step in addressing Ihe shortfall in current numbers. We then held an open recruitment exercise
and received 14 applications. Following shortlisting, 7 applicants were invited to attand interview and 5
of them were recommended to and approved by the ESP Nominations Commkttee.
Diversi
and Inclusion Trainin
Two training sessions took place in January 2022: Guide Dogs UK delivered training in how to assist
blind and partially sighted people and NICRE delivered EDI training, attended by 29 staff, volunteers
and trustees.
Street Art Pro
ect
We supported a stre8t art project with a group of young men from Altematives in Orangefield Park.
Alternatives commissioned a piece of athork for the side wall of Orangefield Pavilion which has been
design8d and developed in collaboration with the graffili artist FGB around the tham8 of men's mental
health. Partners include Eastside Greènways and Belfast City Council.
Objective 3:To celebrate the past. present and future of east Belfast;
Eastside Arts Festival
The annual festival launched on Friday 17 June took place from 4-14 AugusL The programme
featured more than 80 events across 32 venues and we were delighted to get back into the community
after the previous 2 years of reduced. digital and hybrid events. The theme of the 2022 festival was
our 10th birthday. We attracted 10,000+ audience and 1.800 participants. we employed 280 artists
and 6 freelance staff - our numbers were on a par to pre-pandemic levels. 30 volunteers gave approx.
300 hours of their time, 93•/0 of comment card responses rated events as excellent and we saw an
increase in both sales and attendance figures from the previous year.
Three Pa
Che
ues Awa
' b Alice Malseed
We were awarded funding from the Arts Council Nl Commissioning Programme to Commission writer
Alice Malseed to write a new piece of theatre addressing poverty and destitution in east Belfast. The
project was devised in Gollaboration with the Eastside Partnership anti-poverty Scaffolding Project.
Alica carried out interviews with people with lived experience in preparation for developing a script in
the incoming financial year.
Objective 4:To develop relatlonshlps that ensure the long-terni stability of Eastslde Arts and
create Investment in the arts in east Belfast
Staffin
Develo
ment
We were awarded funding from the Future Screens Dfc Artwork Fund to recruit a full-time, Real Living
Wage post for 3 years. The purpose of the grant is to create employment opportunities for

Eastside Arts
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu8d)
Year ended 31 March 2023
indivlduals to work in a recognised arts organisation, which will in turn support organisational and
sectoral growth. We created the post of Production and Admin Assistant and appointed Niki Browne to
the post in July 2022.
Paul Haml Foundation
In October 2022 we submitted a 2nd stage application to PHF for 4-year funding. The November panel
granted us the full funding for which we had applied {£317K) and the 'Creative Citizens, proje¢t began
in January 2023. Crucially this funding supports core costs which will play a large role in the
sustainability and development of ESA in the coming years.
Artlst Remuneration
We completed a comprehensive piece of work gathering information across artforms around what is
considered to be Yairf remuneration with the aim of halping to define a policy around rates of pay.
Industry standards vary widely across artforms and union organisations and we are working towards
creating a fair and equitable rate card for the following financial year.
Fundin
and Income Generation
This information is reflected in the annual accounts.
Flnan¢lal review
The results for the year are set out in detail on pages 16 & 17. The company returned a surplus for the
year of £71.036 (2022: deficit of £912).
At 31 March 2023. the total funds of the charity amounted to £151,290 (2022: £80,254), comprising
restricted funds of £83,613 (2022.. £10,104) and unrestrtcted funds of £67.677 (2022: £70,150).
The unrestricted funds are essential to provide sufficient funds to cover any unforeseen costs which
may arise and fulfil th8 legal obligations of the charity in the event that Current levels of income are not
maintained.
Roservos policy and going concern
A policy has been implemented by the Company in order to recognise the charity's requirements for
reserves in light of the main risks to the organisation. It has established a policy whereby the
unrestricted funds not committed should equate to be￿een 250/0 and 500/0 of annual administration
overheads. The aim is to provide sufficient funds to cover any unforeseen costs which may arise. as
well as allowing for the payment of any liabilities which would arise should the company Cease to
operate. The company recognises that such targets may remain aspirational.
Trustees. responsibilities statement
The trustee5. who are also directors for the purposes of company law, are responsible for preparing
th8 trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.

Eastside Arts
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conllnuedj
Year ended 31 March 2023
In preparing these financial ststements, the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.
slate whether applicable UK Accounting Standards have been followed. subject to any material
departures disclosed and explained in the financial statemenls,.
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charty wll continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charrty's transaGtions and disclose with reasonable accuracy at any time the financial
POSrtion of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularrties.
Auditor
Each of the persons who is a trustee at the date of approval of this report confims that:
so far as they are aware, there is no relevant audit infonnation of which the charty's auditor is
unaware.. and
they have taken all steps thal they ought to have taken as a trustee to make themselves aware of
any relevant audtt infomiation and to establish that the charty's auditor is aware of that
information.
The trustees, annual report and the strategic report were approved on 1 December 2023 and signed
on behalf of the board of trustees by=

Eastside Arts
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of Eastside Arts
Year ended 31 March 2023
Opinlon
We have audlted the financial statements of Eastslde Arts (the 'charity') for the year ended
31 March 2023 which comprise the statement of financial activities {in¢luding income and expenditure
account), statement of financial position and the related notes. including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Fra￿l¢e,.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial statements section of our report. We are independant of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our olher ethical
responsibilities in accordan¢e with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going COn￿M
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast signrficant doubt on the chartty's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con¢em ar8 described
in the relevant sections of this report.
10

Eastside Arts
Company Llmited by Guarantee
Independent Auditorfs Report to the Members of Eastside Arts (conllnued)
Year ended 31 March 2023
Other infonnation
The other information comprfses the infomiation included in the annual report, other than the financial
statements and our auditorfs report thereon. The trust88s are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and. in doing so, Consider whether the other informalion is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a malerial misstatement in the financial statements or a
material misstatement of the other information. If. based on the work we have perfomied, we conclude
that there is a material misstatement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit=
the information given in the trustees. r8POrt for the financial year for which the financial
statements are prepared is consistent with the financial statements. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit. we have not Identified material misslatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion:
ad&quat8 accounting records have not been kept, or r8turns adequate for our audit have rsot
been received from branches not visited by us., or
the financial slatements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the infomiation and explanations we require for our audit.
11

Eastside Arts
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of Eastside Arts (¢onllnu•d)
Year ended 31 March 2023
Responslbilitles of trustees
As explained more fully in the trustees, responsibilities statement. the trustees (who are also the
directors for the purposes of company law) ar8 responsib18 for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable, matters related to going con￿rn and using the
going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations. or have no realistic alternative but to do so.
12

Eastside Arts
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Arts (Gontlnued)
Year ended 31 March 2023
Auditorfs responsibilities for the audit of the financial statements
Our objedives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstat8ment, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that
an audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement when it
exist5. Misstatements can arise from fraud or error and are considered material if. individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities. including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities. including fraud
and non-compliance with laws and regulations, we considered the following-
the nature of the industry and sector. control environment and business perft)rmance including the
design of the remuneration policies, key drivers for directors, remuneration. bonus levels and
perfomiance targets:
results of our enquiries of management about their own identification and assessment of the risks
of irregularities:
any matters we identified having obtained and reviewed documentstion of their policies and
procedures relating to-
identifying, evaluating and complying with laws and regulations and whether
management were aware of any instances of non-complian￿.
detecting and responding to the risks of fraud and whether management have knowledge
of any actual. suspected or alleged fraud-,
the internal controls established to mitigate risks of fraud or non-compliance with laws
and regulations.
the matters discussed among the audit 8ngagem&nt team including significant component audit
teams and relevant internal specialists, including tax and valuations specialists regarding how and
where fraud might occur in the financial statements and any potential indicator5 of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK), we are also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on
provisions of those laws and regulations that had a direct effect on the determination of materia
amounls and disclosures in the financial statements. The key laws and regulations we considered in
this context included ongoing complianc8 With the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
13

Eastside Arts
Company Limited by Guarantee
Independent Auditor's Report to the Members of Eastside Arts (¢ondnu8d)
Year ended 31 March 2023
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional sceptiGism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error. design and perform audit proc8dures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a rnaterial misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concem. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our condusions are based on the audit evidence obtained
up to the date of our auditorfs report. However, future events or conditions may cause the charity
to ¢ease to Continue as a going concem,
Evaluate the overall pre5entalion. strudure and content of the financial statements. including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
14

Eastside Arts
Company Llmited by Guarantee
Independent Auditor's Report to the Members of Eastside Arts (conllnuedj
Year ended 31 March 2023
We communicate with those charged with governance regarding, among other matters. the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stsle to the
charity's members those matters we are required to state to them in an auditorfs report and for no
other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body, for our audit work. for this report.
or for the opinions we have formed.
Paul Dolan (Senior Ststutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountsnts & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
1 De￿mber 2023
15

Eastside Arts
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Nota
Income and endowments
Donations and legacies
Charitable activities
11,370
64.612
11.370
355.930
26,506
207,135
233,641
291,318
Total income
75,982
291,318
367.300
Expenditure
Expenditure on charitable activities
Total expenditure
78,455
78.455
217,809
296.264
234.553
217.809
296.264
234,553
Net incomel(expenditure) and net
movement In funds
(2,473)
73.509
71,036
(912)
Reconciliation of funds
Total funds brought forward
Total funds carrled forward
70.150
10.104
80.254
81,166
67,677
83,613
151,290
80,254
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 18 to 28 form part of these flnanclal statements.
16

Eastside Arts
Company Limited by Guarantee
Statement of Flnanclal Position
31 March 2023
2023
2022
Notè
Fixed assets
Tangible fixed assets
14
266
5,894
Current assets
Debtors
Cash at bank and in hand
15
67,545
105,672
173,217
71,535
29,453
100.988
Credltors: amounts falling due ￿thIn one year
Net current assets
16
22.193
26,628
151,024
74.360
Total assels less current liabilities
151,290
80.254
Net assets
151.290
80,254
Funds of the charity
Restricted funds
Unrestrtcted funds
83.613
67,677
10,104
70,150
Total charlty funds
19
151,290
80,254
These financial stalemenls were approved by the board of tTUStees and authorised for issue on 1
December 2023. and are signed on behalf of the board by-
Tho nots8 on pag88 18 to 28 fomi part of these financial ststornents.
17

Eastside Arts
Company Llmited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General inforniation
The charity is a public benefit entity and a private company limited by guarantee. registered in
Northern Ireland and a registered charity in Northem Ireland. Tha address of the r8gistered office
is Avalon House, 278-280 Newtownards Road, Belfast. BT4 1 HE. Co. Antrim.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at falr
value through income or expenditure.
The financial statements are prepared in sterling, which is the funclional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial staternents requires management to make judgements.
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors. including expectations
of future event5 that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the truste8S to further any of the
harity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for partlcular future project or
commitment.
Restricted funds are subjected to r8strictions on their expenditure declared by the donor or
through the temis of an appeal. and fall into one of two sub-classes: restricted income funds or
endowment funds.

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (continued)
Incomlng resources
All incoming resources a￿ included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the eGonomic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The followlng specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evldence of entitlement to the
gift. receipt is probable and its amount can be measur8d reliably.
legacy income is recognised when receipt is probable and entitlement Is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from Gontracts for the supply of seNices is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent. in which Gase
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an a¢Gruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates-
expenditure on raising funds includes the costs of all fundraising activities. events,
non-¢haritable trading activities. and the sale of donated goods.
expenditure on charitable activities includ8s all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs ar8 allocated to @xpenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that aclivity. Shared costs are apportioned
between Ihe activities they contribute to on a reasonable. justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets Carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
19

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinued)
Year ended 31 March 2023
Accounting policies (continued)
Tangible assets (conllnuodj
An Increase in the carrying amount of an asset as a result of a revaluatlon. is re¢ognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial adivities. A decrease in the carying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less Its residual
value, over the useful economic life of that asset as follows=
Ftxtures. fittings and equipment
330k straight line
Impaimient of fixed assets
A review for indicators of impairment is Carried out at each ￿porting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also revi8wed for
possible reversal at each reporting date.
For the purposes of impairment testing. when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
CaSh￿enerating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash Inflov￿ that largely
independent of Ihe cash inflows from other assets or group5 of assets.
For impairmenl testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financlal liablllty is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
Consideration expected to be paid or received and not disGounted.
Debt instruments a￿ subsequently measured at amortised cost.
20

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (¢ontints•dJ
Year ended 31 March 2023
Accounting pollcles (conllnu8d)
Financlal Instruments (contInU￿)
Where investments in shares are publicly traded or their falr value can othepwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impaimient.
Other financial instruments. including d8rivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business lems or financed at a rate of interest
that is not a market rate. in which Gase the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instNmènts in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impaimient loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assels are
either assessed individually or grouped on the basis of similar credit rlsk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense In the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment viill lèad to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the relat8d setvice, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expens8 in
the period in which it arises.
Limited by guarantee
The chartty is a company limited by guarantee and has no share capital. The liability of each
memb8r in the @vent of winding-up is limited to £1.
21

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinu•d)
Year ended 31 March 2023
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Donatlons
Donations
250
250
1.506
1,506
Sponsorship
Sponsorship
11,120
11,120
11,370
25,000
26.506
25,000
26,506
11,370
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Sale of ticketslmerchandise as part of direct
charitable adivities
Belfast City Council
Arts Council
Arts & Business
Other Funders
Paul Hamlyn Foundation
Halifax Foundation
Department for Communities
Lottery Award5 for all
Dept of Foreign Affairs '. Reconciliation Fund
Foyle Foundation
Esme Mitchell Grant
Community Relations Council
Enkalon Foundation
62.112
1.000
62,112
46.000
98,764
45.000
98.764
80.000
80.000
500
21.919
9.250
12.033
20.000
3.000
1.352
1.000
500
21,919
9,250
12.033
20.000
3.000
1,352
1.000
64.612
291.318
355,930
22

Eastside Arts
Company Limlted by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Charitable activities (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Sale of tick8tslmerchandisa as part of direct
charitable activities
Belfast City Council
Arts Council
Arts & Business
Other Funders
Paul Hamlyn Foundation
Halifax Foundation
Department for Communities
Lottery Awards for all
Dept of Foreign Affairs .' Reconciliation Fund
Foyle Foundation
Esme Mitchell Grant
Community Relations Council
Enkalon Foundation
41,118
41.118
53.240
90,197
15,000
3.500
53,240
90,197
15.000
3.500
4.080
4,080
41.118
166.017
207,135
Expendlture on charltablè actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Promotlon of the Arts
Support costs
78,455
192,455
25,354
217.809
270.910
25.354
78,455
296.264
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Promotion of the Arts
Support costs
65.785
146,875
21.893
212,660
21,893
65,785
168.768
234,553
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2023
Total fund
2022
Promotion of the Art5
Goveman¢e costs
270.910
23.974
1.380
294,884
1,380
233,233
1,320
234,553
270,910
25.354
296.264
23

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
Analysls of support costs
Promotion of
the Arts Total 2023 Total 2022
Staff costs
Premises
Governance costs
7.693
16,281
1.380
7,693
16,281
1,380
7,542
13.031
1,320
21.893
25.354
25,354
10. Net incomel(expenditure}
Net incomel(expenditure) is stated after chargingl(cr8diting):
2023
2022
Depreciation of tangible fixed assets
5,628
7.092
11. Auditors remuneration
2023
2022
Fees payable for the audit of the financial statements
1,380
1,320
12. Staff costs
The total staff costs and employee benefits for the reporting period are analys8d as follows:
2023
2022
Wages and salaries
Social security costs
Employ8r contributions to pension plans
108.148
10.004
8.304
84,609
7,116
5,160
126,456
96,885
The average head count of employees during the year was 3 (2022: 2).
No employee received employee benefits of more than £60.000 during the year (2022.. Nil).
13. Trustee remuneratlon and expenses
The charFty trustees were not paid or received any other benefits from employment with the
Charity in the year (2022: £Nil). No charity trustee received payment for prof8ssional or other
services supplies to the charity (2022: £Nil).
24

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
14. Tanglble flxed assets
Fixtures.
fittings and
equipment
Cost
At 1 April 2022 and 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
24,117
18.223
5,628
23,851
Carrying arnount
At 31 March 2023
266
At 31 March 2022
5,894
15. Debtors
2023
2022
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
6,000
33,877
31,658
39.705
27.840
67,545
71.535
16. Creditors: amounts falling due within one year
2023
2022
Trade creditors
Amounts owed to group undertakings
A¢cruals and deferred income
9.206
11,757
1.230
5,133
18.654
2.841
22.193
26,628
17. Deferred Income
2023
2022
At 1 April 2022
Amount released to incom8
Amount deferred in year
At 31 March 2023
1.611
(1,611)
777
(777)
1,611
1,611
25

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8dJ
Year ended 31 March 2023
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised In income or expenditure as an expense in relation to defined
contribution plans was £8.304 (2022.. £5.160).
19. Analysis of charitable funds
Unrestricted funds
At
1 April 2022
At31
Transfers March 2023
Income Expenditur8
General funds
70,150
75,982
(78,455)
67.677
At
1 April 2021
At31
Transf8rs March 2022
Income Expenditure
General funds
68,461
67,624
(65,785)
(150)
70,150
Restricted funds
At
1 April 2022
At31
Transfers March 2023
Income Expanditure
ACNI Equipment
Programme
Dfc Social Enterprise
Fund
ACNI Stsbility &
Renewal
Arts Council Nl Core
BCC CMAG
Paul Hamlyn Foundation
Arts & Business -
Translink
Arts & Business -
Connswater
Enkalon Foundation
Belfast Harbour Festival
Fun Day
BCC CFF Writers
Symposium
Halifax Foundation
Depy for Communities
Community Relations
Council
ACNI Commissioning
Grant
Foyle Foundation
360
360
5.362
(5.362)
(95,7091
(45,0001
(10.983)
95,709
45,000
80,000
69,017
302
302
4,080
(4.080)
(14.332)
21,919
7,587
1,352
(1.352)
3,055
20.000
(3,055)
(20.000)
26

Eastside Arts
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 31 March 2023
19. Analysls of charftable funds (conlinued)
Esme Mitchell Trust
Lottery Av￿rdS for all
D8partm8nt of Foreign
Affairs . Reconciliation
Fund.
3,000
9,250
3,000
(9,250)
12.033
(8,686)
(217,809)
3,347
10,104
291.318
83,613
At
1 April 2021
At31
Transfers March 2022
Income Expenditure
ACNI Equipment
Programme
Dfc Social Enterprise
Fund
ACNI Stabilty &
Renewal
Arts Council Nl Core
BCC CMAG
Paul Hamlyn Foundation
Arts & Business -
Translink
Arts & Business -
Connswater
Enkalon Foundation
Belfast Harbour Festival
Fun Day
BCC CFF Writers
Symposium
Halifax Foundation
Dep't for Communities
Community Relations
Council
ACNI Commissioning
Grant
Foyle Foundation
Esme Mitchell Trust
Lottery Awards for all
Departrnent of Foreign
Affairs . Reconciliation
Fund
1,464
(1,464)
617
(157)
360
10,724
(5.362)
{90.197)
(45,000)
5,362
90,197
45.000
10.000
(10,000)
5,000
1,000
(5,000)
(1,000)
2,500
(2,198)
302
8,240
4,080
(8,390)
150
4,080
12,705
166,017
(168,768)
150
10,104
"A grant for £12.033 (Euro 14,039) was rgcgived from the Department of Foreign Affairs..
Reconciliation Fund during the year, which funded the'Billy Boy, in Ireland and Edinburgh
project.
27

Eastside Arts
Company Limlted by Guarantee
Notes to the Financial Statements f¢ontinue
Year ended 31 March 2023
20. Analysis of net assets between funds
Unrestricted
Funds
Reslricted Totsl Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
266
83,838
(16,427)
67,677
266
173,217
(22,193)
151,290
89.379
{5.766)
83,613
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible f￿ed assets
Current assets
Creditors less than 1 year
Net assets
532
93,709
(24,091)
70,150
5,362
7,279
(2,537)
10,104
5,894
100,988
(26.628)
80.254