2023-03-31-annual-report

Drumellan Community Association TRUSTEES. REPORT for the financial year ended 31 March 2023 Financial Review The rpsults for the financial yaar are $01 out on pag8 and additional notes aro provlded showlng income and expendibjre in greater detal. Drumellan Community Associat(on has $8t a ￿$0￿e$ policy which requir8s reserves to be held 4t a minimum of £2Q.000 whlch will ensure that the core activity of the organisallon could continue durlng a pgriod of unfors8•n difficulty. A prop8rtion of thése ffjserve5 have to be maintained in a r8adUy reali5abl8 fom. The calculation of the ￿quI￿dIevel of res8mS IS an intregral part of the planning. budget and forecast wcle of the 58tting. It takes in to account - Risks associated with each stream of incomo And expendlture being differ8nt frorn that budgeted: Planned activity level., - Commltrnenl lo benef¢iaries Audltor Each trustee at the date of the approval of this report confinns that.. • So far a8 they are aware, thera 1$ no rol¢vant audit inform•tion rlf whlch the charity's aLtditor 18 unawat•,' Thay have taken all steps that they ought lo have taken as a trustee to make thgms8lv8s aware of any wlavant audrt inforynation and to e8latrlish that the charity'8 audSlor is awaro of that infomalion. R•Jult• and Dlvldend¥ Al the end of the financial year the char(ty ha8 essats of £109.59412022 - £112,834) and Uabilllies of £2.47912022 - £2,450). Th• n•1 ￿$8￿ ol the charTty have deGreas•d by £13,089). In •ccordan¢• wtth the ConslStulion, the Irvst••s r•tlr• by rotallon and, belng •llgibl•, off•r th•ms•lvas for r•4lactlon. Compll•n¢• with SectoTrWld• L•gin1411on and Standiftl• Th8 charity •nga9as pro-actively with legls18tlon. slaThJards and codas which are dev8loped for the sector. DNmetlan Communlty Association subscrib•s to and is Gompllant wllh the lollowlng.. The Charitigs SORP IFRS 1021 Approv•d by th• Board of Trust•o• on -2cJ23 and •lgn•d on its b•fvall by: John Crooks B•ml• aurns