BRAID COMMUNITY A&SOCtATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The Board of ThceS present their report and financial statements of the Association for the year ended 31 March 2022. The TDJstees have 0Pted the pVIsIOnS of the StatenKnt of Recommended Practice (SORP) "Accounting 8nd Reporting by le9- IFRS 102) iti prep2rAng the arniual report and fllwicial statements of the A&slSatM The fllwicial stat¢mcnts have becn ptqwcd in Xu)[dan with th¢ accounting policies set out in the notes to the fmanGial stat¢ments and compty with the AsSlation,S governing docunKnt, the Charities Act (Northern Ireland) 2(K)8. Clwities (Accounts and Reports) Rcgulations (Northern Ireland) 2015, and Charities SORP (FRS 102) Accounting and Rq)orting by Clwities: Statement of Recomllnded Practice applicable to cR)arAties prepry their *cllts tn accordanc¢ with the Financial Reporting Standard applicable in the UK gnd Republic of Ireland (FRS 102). REFERENCE AND ADMINISTRATIVE DETAILS RefaEn¢e and adminithtive details are slM)wn in the xheduk of Tte¢S of the Association and professional advis¢t5 on pagc l of the fuwicial stateDMt& TRUSTEES OF THE ASSOCIATION The Directors of the A&wiatKm are its Tntee$ for the pur of ¢harity law. Th¢ TnL8tees who servryl the wy during the yrnrw¢re &5 follows: DeDiS¢ Forde CarnKI McKendry Maeve Bitd Mary Elizabeth Devine Moirn Dobbin William Mitchell Rosaken Mitthclj PUBLIC BENEFIT STATEMENT The directors of Braid Comrnurrity A&wciatiOQ CODfun) that tlw bave ld due regard for the guidance on Public Benefit by the Charity Commiwn for Northern Ireland and are pleased to report tbat durlng the period the ACiatIon continued to provide the Public Benefits througb progran1n and serrfices we offer. In particular. the directors consider how planned activiti¢s will contnbute to the aim8 and obitiV they have set. Publk Beneffits The direct benefits which flow from the obie¢ttv¢s of Brdid Communty Association a to tum the fonller Old Brdtd Piitnary School into a wmtDurity ¢¢ntrq offwing ¢kn and a meeting place 211)age
REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 PUBLIC BENEF STATEMENT {¢onthiued) where pei)pl¢ of all ag ¢an get together and interact Is orntiy there is no ctoswonllnunity space availabk in the aro and ID so doing reduce the effects of rural isolation and improve the health of the conimuDity. There is no private benefit fk)wing from the pu4)oses. OBJECTIVES AND ACTIvrriES The principal activities of the AoCIation ar¢ as staled ID its CODStitution: To promote the benefrt of tbe inhabitsths of the Braid Valley and distrirt. County Alltti without distinction of gender, sexual Orientatio age. disability, race, etbnicity. or political, religious or other opinion by &wKiating with the statutory authoritie4 voknitsry and COD]murrity organisations and inbabitants in a effort. STRUCTURE GOVERNANCE AND MANAGEMENr Governln Documut Braid Community Association i8 a ¢onwany limited by guardntee not having a sharc wiital and avaib of the use of 'Limitd' ex¢mpt¥)n. The Company w&8 incorporated on 19 Mah 2013. The AS8(latIOn is rertered with the Nl Charity COmn as of 19 Octob¢r 2014 . Charity No: 100677. O allL%xtlonal strnere and rel4ted arlkg RespoDsibilitie5 for the activities of the A&8ociation iq in and canied out by a Board of Tte¢S whicb meets at intervals throughout the perKxI. Ttustees may be apInted by resolution of a meeting of the Board of Trustee& None of the Tne¢S TK¢tvc renxumtM)n or otlier benefit from their WO with the clwity. Any CODllertion between a TDJStee of the Charity with a onttacted supplier Dm]St be disclosed to the BoJrd in the sanx way &8 any other contractual relationship with a related Imrty. In the ¢urrent year th¢ are no such related party transaction8 to Recrulthien knd•¢tknn #Dd trlDiD The Boanl of Tntstees have b¢¢n involved the Ass(Kiation for several y¢w5 and so are familiar with its WOtL Th¢ T[st% regularty review the requIremts of the Association and tbe po&sibility of a need for additional TNstees. Appropriate training al induction are available to all new Thtee8. Flnanclal m1 nnt ob ethes and The Trustees have ovall r¢s1b1]lty for enswing tlwt thc A&wciation has it) pJ8¢¢ an appropTiatC Sy8tan of controls. fllw)cial and othffwise. The Tntee5 have assc&%ed the major risks to which th¢ Association is exposed, in particular thos¢ related to the operations and fllwices of the A&wciation and are 15rd the SYSten are in place to mitigate any exposure to nwr ri8ks. 31PagJe
BRAID commu Ass(lATIoN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (eonlknoed) ACHIEVEMENTS AND PERFORMANCE The Company is a nonrofit nuking OrganitKIll. TO1 inconK for the year amounted to £4,177 (2021: £4,998). Income derived fmtn donatiow 4tyJ legac3 ated to £niJ (2021: £695) and other income amounted to £4,177 (2021: £4.303}. Total expenditure for the year amounlcd to fA222 (2021: £2.581). Th¢ n¢t income for the year anUnted to -£46 (2021: £2,418) with net assets of £2,579 (2021: £2.625) * 31 March 2022. The Tne¢S consider that the a Satisfactory POSitioo to ¢arry on its rhatitable activitie& The Charity has successfuIty provided a range of ivities to target groups in tbe year. The Old Braid Prlmary Sch1 i8 used for ¢18sscs and ibe pmises are rented out to locals. Brnid Community A&latIOn are gtateful to tbe Coniinunity Fund and Mid and East Antsim Council for their genemus funding ID 2021- 2022. The Association h&s also Surl funding from NICHI for exercise cla&8es to nm in 2022- 2023. PLANS FOR FUTURE PERIODS Theff a no tnajor ththges eovi&gged in the foreseeabk futUT¢. TRUSTEES RESPONSIBILrrY STATEMKNT The Thte¢s (who are akn the di[t0 of Brnid Cornmty A&80ciation} for the of company jaw) are resnsible for preparing the Ttustees. Annual Rew)rt and th¢ fllwicial 8tatement8 in accordance with applithk law and United Kingdom Aw)untin8 Standards Iunited Kingdom Generdlly ACc¢Pt Acwunting Prdctice) including FRS 11)2 "The Fitwicial Reporting Standard applicable in the UK and Republic of Ireland" The law 8pplicabk to charities ID Northern IrelaThl requires th¢ directo to prepaR fm8ncial 8tatements for each fmancial Iri(mI whKh give a true and fair view of the of the A&8ociation and of the InMing resources ond application of resource4 in¢ludin8 the income and expenditure, of th¢ AssxiatlOD for that puiod. In prepari these statetbKnty the d1CtorS are required to: s¢leth suitable accounting p)]icies and then appty them CODSiStently. observe the methods and prlncipks in th¢ ChaTtlies SORP 2015 (FRS 102). make judgements and xcounting ¢stittwtes that are reasonabk and pnent. state whether applicable UK Accountitig StandaTds have been followed, subject to any material departures disclosed and explained tn the rjnancial statements. prepare the fmancial statements OD the going concern b&8i8 unlts8 it is inappropriate to puMe that the A&8ociatiot) will continu¢ in Option. 41PaLFe
BRAID COMNIUNT ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEES RESPONSIBILITY STATEMENT (CONTINUED) The TDJstees are reswInble for k¢¢ping pmper CoUntIng th$ that disclose with reasonable accuracy at any time the fman¢ial position of the AO¢latiOn and enable them to ensure tbat the rmancial stat¢ment$ compty with the Companies Act 2(X)6. ChaTitics Act (Nortbern Ireland) 2008 and The Charities (Accounts and Rep)rts) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the A&80ciation and hence fortaking renable steps for the prevention and detection of fr8ud and other itt¢w]knies. In so far as the TceS are aware: the is no relevant inforntIon of which the Associalion's Indendent Examin is unaware. the TrllSt bave taken all steps that they ought to have taken to make thcnwlvas aware of any relevant itifornjation and to establish that the independent examin is aware of that infomtiO INDEPENDENT EXAMINER A resolution proposing K HiggiDS FCA to be rwinted w independent examiner will bc put forward * the Annual Gencrdl Mecting. SMALL COMPANY EXEMPTIONS Part 15 of the Cowi&8 Act 2(K)6. By Order of the Maoagernent Comtnittee: Registered office: 37 Longff Road The Braid Ballyu B T43 7JR M8 Den Trnstee Forde Approved by the Trustees OD: Date: 01 DeceA¢ber 2022 51Pdge