Registered number: Nl616637 Charity number: 100504
THE DOCK TITANIC QUARTER
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
THE DOCK TITANIC QUARTER
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' repor | 2-5 |
| Independent examiner's repor | 6-7 |
| Statement of financial activities | 8 |
| Balance sheet | 9-10 |
| Notes to the financial statements | 11 -24 |
THE DOCK TITANIC QUARTER
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 29 FEBRUARY 2024
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 Nl616637 Charity registered number 100504 Registered office Dock Cafe 2A Queen's Road Belfast BT3 9DT Accountants UHY Hacker Young Fitch Limited Chartered Accountants Suite 2.06, Custom House Custom House Square Belfast BT1 3ET
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THE DOCK TITANIC QUARTER
(A company limited by guarantee)
TRUSTEES'REPORT FOR THE YEAR ENDED 29 FEBRUARY 2024
The Trustees present their annual report together with the financial statements of the Company for the 1 March 2023 to 29 February 2024. 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 Practice (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, race 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 advance peace, 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 place where people can experience acceptance without prejudice 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 social needs.
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 avoidance of conflict through supporting and encouraging the residents and the wider community to be good citizens.
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THE DOCK TITANIC QUARTER (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
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' cafe in the Titanic Quarter of Belfast, which is run by one full time and one part-time member of staff with a team of between 55 and 60 dedicated volunteers. These volunteers are of many different nationalities and commit to at least one 4-hour shift per week. They also include a number of people with additional needs who are on a one year placement from Belfast Met and Orchardville Skills for Life and Work programme. Volunteers can benefit from the Dock support network regarding 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 cafe 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 pastoral/counselling capacity, on a weekly basis.
Providing a welcoming space for appropriate cross community and/or Christian faith based activities which offer support and personal development.
Providing a welcoming space 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 Nicene Creed.]
d. Main activities undertaken to further the Company's purposes for the public benefit
Over the past year the following activities were undertaken or facilitated in the Cafe;
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The Dock Cafe opened each day, Tuesday to Saturday.
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Prayer Ministry in the Prayer Garden
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The Gathering, a Church which used the Dock regularly for prayer and Alpha Courses
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The Titanic Cycling Group
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Focolare movement
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Arc Apartments Residents' group
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Neighbourhood destination forum
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An active and stakeholder in the Titanic Quarter community development forum led by Maritime
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Belfast
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Hosted the Titanic Society annual gathering
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Development of the Christian Student Union within The Titanic Quarter in partnership with Belfast Met
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The annual Titanic Quarter Abseiling Santa event hosted by The Dock cafe
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Titanic Quarter Maritime festival
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Various community and school groups visited to learn about the underlying ethos of the Dock Cafe.
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THE DOCK TITANIC QUARTER (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
Achievements and performance
a. Main achievements of the Company
The Dock and the Dock Cafe has continued its core mission, opening whenever possible, and maintaining a strong team of volunteers. The Dock is thankful for its continual progress and presence in Titanic Quarter.
The Dock Titanic Quarter is firmly established as part of the TQ 'experience' and provides an invaluable counterpoint to the more commercial activities of other organisations in the Titanic Quarter.
Financial review
a. Going concern
After making appropriate enqumes, 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 concern 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 £5,333 and reserves of £10,268 (a deficit of £5,073 related to general unrestricted funds and of £260 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 activities while consideration is given to ways in which additional funds may be raised.
Restricted funds arise where gifts or grants are received for a specific purpose as outlined by the donor. Expenditure is distributed in line with these requirements.
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 NI00002.
The principal object of the company is the advancement 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 and 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.
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THE DOCK TITANIC QUARTER (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024
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 . 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern 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: 17/10/2024
Harold Creeth Miller Trustee
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