Registered number: N1616637 Charity number: 100504 THE DOCK TITANIC QUARTER (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 THE DOCK TITANIC QUARTER (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Company, its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-23 THE DOCK TITANIC QUARTER (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2023 Trustees Michele Marie Marken Heather Louise Gibson Philip Alexander King David Manning Harold Creeth Miller Karen Porter (resigned 30 April 2023) David Alexander Mcclay Company registered number N1616637 Charity registered number 100504 Registered office Dock Cafe 2A Queen's Road Belfast BT3 9DT Accountants UHY Hacker Young Fitch Limited Chartered Accountants Gordon Street Mews 27-29 Gordon Street Belfast BT12LG Page 1 THE DOCK TITANIC QUARTER (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2023 The Trustees present their annual report together with the financial statements of the Company for the year 1 March 2022 to 28 February 2023. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practi￿ (SORP} applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives In setting objectives and planning activities, the Trustees have given due consideration to the general guidance published by the Charity Commission for Northern Ireland relating to public benefit. The Charity is established to advance the Christian Faith for the benefit of the public. The Dock seeks to benefit the residents of the area known as Titanic Quarter, Belfast, and the neighbourhood, without distinction of sex, sexual orientation, ra￿ or political, religious or other opinions, with the objective of improving the conditions of life for the residents and those others who may avail of its activities. b. Strategies for achieving objectives The Dock seeks to bring together the said residents and the local authorities, whether voluntary or other organisations, in a common effort to advan￿ pea￿, develop positive community relations and cohesion, through providing facilities in the interests of social welfare, for recreation, and leisure time occupation. The Dock Titanic Quarter seeks to bring benefit to the community, through providing a space where local residents and other communities in the surrounding area can also come together to pray, reflect, worship and celebrate the Christian Faith. By providing a calm and peaceful environment the Charity seeks to provide a welcoming pla￿ where people can experience aC￿ptance without prejudi￿ or discrimination. Through providing pastoral care to residents and the wider Titanic Quarter community, the Dock Titanic Quarter seeks to help meet their spiritual and soaal n￿ds. The Dock Titanic Quarter seeks to contribute to the promotion of a peaceful Northern Ireland society, evidenced by an increase in community harmony, improvement of community relations and the avoidan￿ of conflict through supporting and encouraging the residents and the wider community to be good citizens. Page 2 THE DOCK TITANIC QUARTER (A company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Objectives and activities {continued) c. Activities undertaken to achieve objectives The Dock Titanic Quarter achieves its charitable objectives through the following ongoing activities: The running of a donation based, 'not for profit. café in the Titanic Quarter of Belfast, which includes a team of dedicated volunteers to run the Dock Café. These volunteers benefit from the Dock support ne￿Ork in their mental health and well being, and through training. The holding of Christian acts of worship which are open to all members of the public. Providing within the café an on-site Prayer Garden for rest, reflection and prayer requests. Providing a cross denominational team of Chaplains, of various Christian Church backgrounds, who are available in a pastorallcounselling capacity, on a weekly basis. Providing a welcoming space for appropriate cross community andlor Christian faith based activities which offer support and personal development. Providing a welcoming Spa￿ for refugees, asylum seekers and Newcomers to learn English and develop relationships with the community and volunteers. Holding occasional lectures or public celebration of religious festivals, e.g. Christmas Carol Service. Note Christian in the context of the Dock means adherence to the Christian Faith, as defined in the Ecumenical Creeds. i.e. The Apostles. Creed and The NI￿ne Creed.] d. Main activities undertaken to further the Company's purposes for the public benefit Over the past year the following activities were undertaken when permitted and safe under remaining COVID 19 protocols and regulations.. The Dock Café opened each day, Tuesday to Saturday. Prayer Ministry in the Prayer Garden The English Corner, providing weekly tuition in English as a second language for newcomers The Gathering, a Church which used the Dock regularly for prayer and Alpha Courses The Titanic Cycling Group met in the Café The Globe Café met weekly for intemational exchange of local, national and international guests Northumbrian reconciliation group met Arc Apartments Residents. group met Various community and school groups visited to leam about the underlying ethos of the Dock Café. Achievements and performance a. Main achievements of the Company Despite the lingering constraints of COVID 19 restrictions, the Dock and the Dock Café managed to continue its core mission, opening whenever possible, and maintaining the team of volunteers for each reopening. The Dock has emerged from the challenges of the pandemic with a resolve to be thankful for its survival, and a determination to re build its core activits'es. conscious of the need for its presen￿ in Titanic Quarter. The Dock Titanic Quarter is now firmly established as part of the TQ 'experience' and provides an invaluable counterpoint to the more commercial activities of other organisats'ons in the Titanic Quarter. Page 3 THE DOCK TITANIC QUARTER (A company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Reserves policy There were both restricted and unrestricted funds at the end of the year. The Charity finished the year with a deficit of £2,383 and reserves of £15,601 (a surplus of £2,462 related to general unrestricted funds and a deficit of £4,845 related to restricted funds). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure currently set at £8,000. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activikn'es while consideration is given to ways in which additional funds may be raised. Restricted fijnds arise where gifts or grants are re￿iVed for a specific purpose as outlined by the donor. Expenditure is distributed in line with these requirements. As of 28 February 2023, restricted funds of £260 were held, representing unspent grant income re￿iVed during 2023. Structure, governance and management a. Constitution The Dock Titanic Quarter is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 6th February 2013. The company is constituted under a Memorandum of Association dated 6 February 2013. It is registered as a charitable company limited by guarantee. The company is registered with the Charities Commission for Northern Ireland under no. NIC100504 and is a registered charity with HMRC number NIOOOO2. The principal object of the company is the advan￿rnent of the Christian religion for the benefit of the public. b. Methods of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are also directors of the charitable company who are elected and co-opted under the terms of the Articles of Association. The current directors plan to strengthen the management of the company through the appointment of additional directors over the next few years. Page 4 THE DOCK TITANIC QUARTER (A company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Statement of Trustees. responsibilities The Trustees {who are also the directors of the Company for the purposes of company law) are responsible for preparing the 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 Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent", state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going cOn￿M basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Michele Marie Marken Trustee Date: Harold Creeth Miller Trustee 0911112023 Page 5