Short Strand Partnership IA Company Ilmlt•d by guarantee, not havlng a 3haTe capllal) TRUSTEES, ANNUAL REPORT for the financial year ended 31 January 2024 MemorandLrm of Assoclation which established the objects and powars of the g)mpany and Lg governed under its Artides of Asso¢ialion. Appointmenl of tru9tees'. The Chairman and the Trustees recommend new Trustees as needed. New Trustees are recruited on tha r8levance of thelr skllls, and th8lr polenbal to be able to make a helpful conlribulion lo the govemanco of the charity. As part of this process they are made aware of a TnJstee5' legal obligations under charty and company law, the content of the Memorandum and Artides of Association, the dècision making processes, the buslness plan and recent financial performan¢e of the charity. Once Ihe polentlal new Trustee has aged to be considered for appolnlment they can be co-opted by the dir8Ctors until fomial voting by memb8r8 occurs at th& nextAnnual General Meellng. Arrangements for setung pay and remun$ration of key man8gemenl personnel The dlrector conslders that the board. who are the charity's trustees, and the senior management team comprfse the key management personnel of the ¢harfty in charge of directing and controlling, running and operatlng the chatity on a day to day basls. Al dlrectors glvg of their lime freely and no director reeèlvéd r8muneratlon In the year. Organi5ation structure and how charity makes declslons Short Slrand Partnership Is govemed by the Board. The company 1$ managed on a day to day basis by a senior manag&ment leam as appolnt9d by the Board. The Board m8els blmonthly. and Is appointed by the meTnbers at the AGM. A senlor markag8menl team manageg Ihe day to day activibes of the company, and reports on wmpany perfOnanCe to all board meetings. Rgv19w of Actlvitlas, AGhlevemonts and Performance Supporting of SaSnl Matthews Houslng Assoclatton in tho provision of quallty social housing. Supportlng 2nd deliverlng of projects lo enhance the environmonl and create a visual, safe plac8 in which lo Ilva. Worklng with various agenaes on crime preventton and erecuon of alby gatès to provide a security for residents Ilvlng directty on the interfaces. Liaising with developers for the promsion of Social housing on Slrocco slte. Seeking the relocatlon of Translink Bus Depol so that thi5 may be brought back In to communlty use for tho purpose of provlsion quality so¢lal housing and a youlhlheallhlw8llb8lnglsportlleisure falIty on this site. Plans for future periods The SSP plans continuing the actlvlties outlined abDVg in the forth¢omlng years subject t) sallsfaclory funding arrangements. Financlal Revlew As mentloned above we, Ilke many organisalions, have been insecure regarding our future In terms of slrateglc planning. The lack of Govemment Departments and direolion of what Is avallable has led to uncertainty of what most groups can plan ahead for in the future in relatlon to funding_ This can be seen In our funding recoived during the year and most Importantly the deffciency cf fiJnds of £13,726 at our year end. We hope that in the coming year our fvnding will increase and we can conunue our work to help thg communlty and take on more projects. Flnanclal Results Al th$ end of the finanGial year the company has a55ets of £140 {2023 £1,638) and liabilities of £13,868 (2023 - £13,586). The net liabilities of tha company have Increasod by £11.778). Trustees The trustees who serygd throughout the financial year, except as noted, were as follows". ConorJo8eph Keenan Paul Mccrory Agnes McGinley Dessle Mccabe Bernle Mcconnell In acoordanca with the Constituuon, the trustees retire by rotallon and, bèing eligible, offer Ihem381ves for reelection. Compllance with Se¢tor-Wlde Lèglslatlon and Standard5 The company @ngages pro-actively with legislation, standards and codes which are dev6loped for the sector. Short Strand Partn8rshlp subscrlbes to and is compliantwtlh th8 following.. The Companie3 Act 2005 The CharitTes SORP IFRS 102)
Short Strand Partnershlp IA company limlte(I by guarants8, not havlng a sharo ¢apltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 January 2024 The trustees prosont thair Tnjslees, Annual Report, combinlng the Diredor8' Report and Trustees. Report, and the unaudited financial statements for the finan¢lal year ended 31 January 2024. The financial statement8 8re prepared In accoréance %th the Companies Ad 2006, FRS 102 'The Flnanclal Reporting Standard applicable in th8 UK and R8public of Ireland" and Accounung and Reporting by Charities.. Sletsment of Recommended Practlce applicable lo chariliès preparing their financial slatsmenls In accordan with the Financial Reporting Standard applicable In the UK and Rgpubllo of Ir8land (FRS 1021. The Trustees, Report contains the Information required lo be provlded In the Trustees, Annual Report under the Statement of Recommènded Practice ISORP) guidelines. The trustees of the company are also charity trustees for the purpose of ¢harity law and under the Company's conslitullon are known as members of tho board of trustees. In this report the truste85 of Short strand Partnership present a summary of Its purpose, governanc8, activlJe8, aohievements and fjnances for the tinancial finanelal year 31 January 2024. The company Is a reglstered charlly and hence th8 report and rèsulis 8re presented In a fomi which complies with thè r8quirem8nts of the Companies Act 2006 and, although not obliged to cotnply vAlh th¢ Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has Implernented Its recommendations where relovant in these finanoSal stalemenls. Mlsslon, ObJecdve8 and Strat&gy MIs81on Statemenl Prtncipal Activitie5 Thg principal actlvity of the company Is to improve the quality of life for local residents through the process of collaboration with the slatutory bodios worklro In the area and with existing communlty and voluntary group8. The charitable company ks limited by guarantee not having a share capltal, The purposes ofth& ¢hartty aro.. The benefits flowing from the putPO8& of SSP Induée the development of a purpose bulll health and well belng centre in tho area of need, an improvement In the s8nse of pride among the community and promotion of mental health well being. Othor benefits in relatlon to the urban regeneration aspect of the purpose include an improvement Sn the Chronlc shortage of soci21 housing with the are9 of benefit, 8 better slalldard of housing, an improvement in the 18ck of recreational amgnities. Through our physical renewal strategy, the benefits to residents arg creation of a visually attractive, saf& sustainable environmant. Further benefits flowlng from the purpose in relalion to the Social welfare a8pecl of the purpose includè provislon ol employmgnt and training opportuniles for the benefi¢igries and provislon of practic41 assistance to support the develupment of small businesses by indivlduals. In lemis of economlc renewal., benerrts are creation of omp5oym6nl in an arsa of high deprivation tncluding high unemployment These benefits can be demonstrated through the creation of a strong cohesive mmmunity that Is fully infonned in all that is happgning and continuos to have a low level of crime and anti soclal actimty. There18 no harm flowng from this purpose and no one gains a privat6 bonefll ftDm IL The Intended b8neficlaries of this putpose are the inhabltanls of Short Strand aa and its envlrons of East Belfasl ObJectlve8 Short Strand Partnershlp is a not for profrt company commltted to maklng a positive dlffer8nc8 in our community, whlle committed to providing a professlonal quality seThI and adv5CQ to residents. 8tru¢ture, Gov¢man¢e and Management stwcture Key Management personel Mairead O'Donnell- Co-ordinator Paula Bum5- Administration Shtsrt Strand Partnership 15 a Company Limited by Guarantee and is a Charity recognised by the Charity Commlsslon for Nl and HM Revenue and Customs. It Is a not for profft organlsation. The company was estab115hed under a