Douglas Bridge Cross Community Association Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2022 Tlie trustees present tlieir report and the fiiiancial statements for tlie y¢ar ciidcd 31 Deceniber 2022. Directors Offi¢ers of tlic cliaritable company, known as dircctors for th¢ purpose of company law and trnstees for tlic purposc or charity law, who served duriiig the year and up to the date of this report are set out OLI page l of Ilie finaiicial statein¢nts. Members of tlie charitable company guarantee to contribute an amount not exce¢ding £ I to the ass¢ts of the cliaritablc ColpanY in the event of winding up. Charitable objects Tl)e charitable company was established to improve the conditions of llfe for the inhabitsnls of tli¢ Doiiglas Bridge and District Area. To achieve this object, the cliarilable company aims to advance education and provide facil ities, in tli¢ interest of social welfare, for recreation or other leisure-time occupation for the inhabilaiils of tlie area. They aim to acliieve this through participation of statutory bodies, voluntary organisations and indeed the inhabitaiits themselves. Douglas Bridge Cr055 Coimnunity Association Limited is a registered charity witli th¢ Chai'ity Coinniissioi) for Nordiern Ireland since 20 July 2016, under registration nuinb¢r NIC100210. Organisational strUcre Tl)e trnstees iM¢¢l regularly, adiniiiisler the charity and make all policy decision5. In accordance with tlie Articles of Association the nuinber of directors shall not be less thali three, and one third are to retire each y¢ar in rotation. Related parties Tlie charitable company has a very close relationship with Douglas Bridge Cross Cornmunity Association (hereafter known as the .4ssociation}, which is also a charity. Tlie Association organis¢s a range of comniunity social aiid recreational activities and trips for women, tlie elderly ai)d children. It also undertakes various fundraisiiig ci'¢nts iii which to raise funds for its own activities and that of tlie compaiiy. The directors of the charitabl¢ company are also committee members of the AssociatÈon. Review of activities and achievements During the year tl]¢ cliaiitable company continued its work witli children tIOligh the youth club. Going concern The considered view of the trustees is that, after makiiig enquiries, they have a reasonable expectation tlial tlie cliarilable company will liav¢ adequate resources available lo fiiiance its trading aiid odier obligations for the foreseeable future. Tlie trustees are not aware of any events likely to occur in the twelve montlis following the dat¢ of the approval of th¢ financial stal¢ineiits that may impact on tlie charitable compaiiy's ability to coiitinue as a going concern. We b¢lieve tlial it is therefore appropriat¢ for the charitabl¢ company's financial statements for the year ended 31 Deceinber 2022 to have been prepared on a going concem basis. Reserves The results for the year arc set out on page 6 of the financial statements. The purposes of the funds are outlined in Ilie notes to the financial statements. Investment powers? policy and performance Under tl)e Meinorandum and Articl¢s of Association, the charitable company has the power to make any investment whicli the directors see fit. Page I
Douglas Bridge Cross Community Association Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2022 Governance and internal control A strategy plan for the cliarilable coinpany and Douglas Bridge Cross Community Association has bcen compiled by an independent evaluator. Risks continue to bc reviewed annually by directors. Volunteers The charitable company is graieful for the unstinting efforts of its directors and otlier voliinleers who have continually supported the activities and maiiag¢menl of the cliaritable company throuW]oul Ilie yeai.. As indicated in note 7 to thc financial stateineiits, the directors wer¢ noi in receipt of any rcmwieralion nor reimbursement of ¢xp¢nses in respect of Il)cir services diiring th¢ y¢ar. Tayation Tlie cliarilable coinpany is accepted as a cliarily by HM Revenue & Custoins under reference XR44866 and therefore is exeinpt froin corporation tax. Statement of trustees, responsibilities The trustees are rcsponsible for preparing tlie Trustees, Report and the financial statements in accordance with applicablc law and r¢gulalions. Conipany law and charity law requires the iNslc¢s to prepare fmancial stal¢ineiils for each finaiicial year. Under that law the trustees hav¢ elected to prepare th¢ fLnancial staleLnents iii accordance with applicabl¢ law aiid United Kingdom Accouiiling Standards (Unitcd Kingdom Generally Accepted Accounting Practice) including 'Accounling and Reporting by Charities.. Stalenicnl of Recommended Practice, (FRS 102 'Thc Finaiicial Reporting Standard applicable in the UK and Republic of Ircland,). Under company laiv the trustee5 must not approve the financial slat¢ments unless they are satisfied that they give A true and fair view of the stale of affairs of the charitable company and of tlie surplus or dcficil for t]iat y¢ar. In preparing these financial statements, the trustees are requir¢d to.. select suitable accouiiting policies and then apply theni consistently- Inake judgeinents and ¢slin]ates that are rcasonable and prudent; stale wheilier applicablc accounttng standards aiid statements of recomniended practice hav¢ b¢¢n followed subject to any departures disclosed and explaincd iii the financial statcments,. and prcpare the financial slatenients on the going conc¢rn basis unless it is inappropriate to presume Iliat Ilie charity will continue in busiiicss. The trustees arc responsible foi. keepiiig adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy al any tiine the financial position of the charitable company and enable tlicm to ensure that the financial statements comply with the Companies Act 2006 and with tlie Cl)arities Ac¢ INI) 2008. They are also responsible for safeguarding the assets of the charitabl¢ company and hence for taking reasonable steps for Ilie prevention and dct¢etioi) of fraud and oilier irregularitie5. Accountants Thc tnistees recommend that McFarland Arnold & Co remain in offic¢ until further notice. Page 2
Douglas Bridge Cr05s Community Association Limited (Company limited by guarantee) Trustees, report for the year ended 31 Decen]ber 2022 Special provisions relating to small coynpanies Tliis report lias b¢¢n prepared in accordance witli Statenient of Recolne1]ded Pr2Ctice'. Accountiiig and Repoi'ling by Charities {FRS 102} and in accordance witli Ilie spccial provisions of Part 15 of the Companies Act 2006 relating to siiiall enliti¢s. This report was approved by the trustees on 2J "L3 and signed on ics belialf by Signature: Name (in block capitals): Trustee Page 3