Douglas Bridge Cross Community Association Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2021 The tnrst¢¢s pre5¢nt their report and the financial Statements for the year ended 31 December 2021. Direetors Officers of the charitable company, known as directors for the puryose of cofftpany law and trust¢¢s for the purpose of charity law, who served during the year and up to the date of this report are set out on page l of the financEal statements. Members of ihe ¢haritabl¢ company guarantee to contribute Èn amount not exceeding £1 to the assets of the charitabl¢ company in the event of winding up. Charitable objects The charitable company was estsblished to improve the conditions of life for th¢ inhabitants of the Douglas Bridge and District Area. To achieve this object, the charitable cotnpany aims to advance edutatioR 2nd provide facilities, in the interest of social welfare, for recreation or other leisure.iime occllpation for the inhabitants of the area. They aim to achieve this through participation of statutory bodies, voluniary L)rgani5ations and indeed the inhabitants ihemselves. Dougla5 Bridge Cross Community Association Limited is a T¢gistered charity with the Charity Commission for Northern Ireland since 20 July 2016, under registration number NIC100210. Organisational strueture The trustees meet regularly, administer the charity and make all policy decisions. In accordance with the Articles of A55ociation the number of directors shall not be less than three, and one third are to retir¢ each year roiation. Related parties The ch8Titable company has a very close relatjollship with Douglas Bridge Cross Community Association {hereaft¢r known as ihe Association), which is also a charity. The Association OTganises a range of community social and recreational activities and trips for women, the elderly and children. It also undertakes various fundraising events in which to raise funds for lis own activities and that of the company. The direciors of the charitable COTnpany are also committee members of the Association. Review of Actlvities and achievements During the year the charitable cotnpany continu¢d it5 work with children through the youth club. Going collcern Thc considered view of the trusiee5 is that. after making enquiries, they have a reasonable expectation that the charitsbl¢ compally will haye adequate resouTce5 available to finance its trading and other obligations for ihe foreseeable fuiure. The trustee5 are not aware of any events likely to occur in the iwelve months followTng the date of the approval of the financial statements that may impa¢t on the charitable company's abiliry lo continue as a going concem. We believe thai it is iherefoTe appropriate for the chariiable company's financial statements for the yeai ended 31 Decernber 2021 to haye been prepared on a going concern basis. Reserves The r¢sults for the year are set out on page 6 of the financial st2tem¢nts. Th¢ PUTPOSeS of th¢ funds aT¢ Qutlined in the notes to the financial 5taternents. Investment powersi policy and performanee Under the Metnorandum and Articles of Association, the charitable company has the power to make any investment which ihe directors se¢ fit. Page I
Douglas Bridge Cross Community Association Limited (Company limited by guarant¢e) Trustees, report for th¢ year ellded 31 December 2021 Coverllance and internal ¢ontrol A strategy plan for the charitable company and Douolas Bridge Cross Community Association has been compiled by an independeni evaluator. 'SkI continue to be reviewed annually by directors. Volunteers The charitable company is grateful for ihe unstinting efforts of its directors and other volunteers who have continually supported the activitie5 and management of the charitable company throughout the year. As indicated in note 7 to the financial st&tern¢nts, the directors were not in recekpt of any remuneration nor relbUrSe¢nt of expense5 in respect of their services during the year. Taxation The charitabl¢ company is accepted as a charity by HM Revenue & Customs under reference XR44866 and thereforc is exemp( from corporation tax. Statement of trustees, respollsibilities The truste¢s are responsible for preparing the Tntees, Report and th¢ financial staternents in accordance with applicable law and regulations. Company law and charity law require5 the tn]5tees to prepare financial 5taiements for each financial year. Under that law the Inistees have el¢cted to prepare the financial sraieinents in accordance with applicable law and Uniied Kingdom Accoun(ing Siandards (Uniied Kinodom Generally Accepted Accounling Pr8ctice} includiDg 'Accounting &nd Reporting by Charities.. Statement of Reconm)ended Practice, (FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.). Under company lam, the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of th¢ eharitable company and of the surplus or deficit for that year. In preparing these finan¢ial statements, the trustees are required to.. select suitable accounting policies and then apply them consi5tently' make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards and statements of recomm¢nded practice have been followed subject to any departures disclosed and explained in the financial 5tatemenis' and PTepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustee5 are responsible for keeping adequate accounting records that are sutTicient to show and explain the charitable tompatjy's transactions and discltsse with reasonable accllracy at any time the financial position of the charitable company and enable thein to ensure ihat the financial statements comply with the Companies Act 2006 and with the Charities Act (NI) 200S. They ate also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the pr¢vention and detection of fraud and other irregularities. Accountants The trilstees recommend that McFarland Arnold & Co remain in office until further notice. Page 2
Douglas Bridg¢ Cross Community Association Limited (Company limited by guarantee) Tru5tees' report for the year ended 31 December 2021 Special provisions relating to small Companies This report has been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities (FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities. This report was approved by the trustees on and signed on its behalf by Signature: Name (in block e8pit#ls): AL Trustee Page 3