Annalong Community Development Association Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Annalong Community Development Association Limited Charity registration number NIC100722 Company registration number N1029070 Principal oflice and registered 20 Linden Brae office Annalong Newry Co Down BT34 4XS The trustees Mr D Mccauley Mr A Kilgore Mr S Hughes MrRWHall Mr J R Pierson (Resigned 4 May 2023) Independent examiner Una Cunningham FCA Chartered Accountants in Ireland Purdy Quinn Chartered Accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH Structure, governance and management The charity was originally a community association which was set up as a company limited by guarantee and not having a share capital. The date of incorporation was 21 December 1994. On 24 May 2016 the company was granted charitable status by the Charity Commissioners Northern Ireland with a Northern Ireland Charity number NIC100722. The company is governed by its Memorandum and Articles of Association. The charity is managed by a Board of Director5. As required on an ad hoc basis, the Board Members are responsible for considering the appointment of potential new Board Members to the Board. Suitable people are approached and if they are willing to serve on the Board, their nomination is put fomard for approval by the Board. There is no maximum term of office. Annalong Community Development Association Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31 March 2023 Objectives and activities The charity's objectives are.. al To promote the benefit of the inhabitants of Annalong and District without distinction of sex, race, political, religious or other opinion by associating the statutory authorities, voluntary authorities, voluntary organisations and inhabitants in a common effort to advance employment, environmental regeneration and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the inhabitants, and fostering peace and reconciliation between the inhabitants of the area and of Northern Ireland. b) to provide with assistance in the areas of employment and environmental regeneration within the area of benefit by rneans of community environmental schemes, enterprise schemes and the provision of support of facilities necessary or convenient for the promotion of the objects of the charity. Achievements and performance The Association manages the large project known as the Coastal Path. In previous years funding was obtained to build and enhance the pathway for the benefit of the community. Ongoing annual maintenance is required. Repairs to the Coastal Path totalled £3,782 (2022 £93,213). These funds were spent on replacing locks and chains, weed killer to control overgrowth and hedge cutting. A few sections of the path, approximately 70 metres, required strengthening to prevent further damage in the future Planning permission to extend both the North and South Coastal Paths has been ongoing and this year entered into final negotiation stages. David Mccauley, Chairman, has been dealing with the professional agencies and reporting to Directors since the outset of covid restrictions by phone and home visits. All concerns and opinions of the Directors were shared among the group and outcomes reported to the appropriate agency. On 29th June 2022, ACDA were informed that Planning Permission was not accepted by DAERA and an objection would be unlikely to reverse this decision. The Directors unanimously took the decision not to proceed with the project. The sum of £10,361 12022 £43,164) was spent on the proposed Coastal Path Extension. This covered professional fees for Planning Consultants, Quantity Surveyor, Survey Consultant and Architectural Designer. ACDA once again organised the annual Fireworks Display which takes place at the local harbour. The event is free and well attended and appreciated by the community. This was the first display allowed since 2019 as a result of restrictions. The cost was £2250 (2022 - £nil}. Annalong Community Development Association Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Financial review The results for the year are set out on page 5 of the accompanying financial statements. The Annalong Community Development Association Limited's accounts this year are showing a deficit of £19,294 (2022 - Deficit £142,749). Reserrfes Policy The rental business and propety known as the Cornmill Quay was sold during the 2020 year. The funds realised have been lodged to a Bank Business Investment Account and will be administered by the Trustees. The funds (unrestricted reserves) will be used to upkeep the Coastal Path and towards other projects for the benefit of the community. At the year-end unrestricted reserves held totalled £258,639 (2022 - £277,933). Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. and signed on behalf of the board of Mr S Hughes Trustee