Annalong Community Development Association Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 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 2024. Reference and administrative details Registered charity name Charity registration number Annalong Community Development Association Limited NIC100722 Company registration number N1029070 Principal office and registered 57 Kilkeel Road office Annalong Newry Co Down BT34 4TJ The trustees Mr D Mccauley Mr A Kilgore Mr S Hughes MrR WHall Mr J R Pierson (Died 22 April 2024) (Resigned 4 May 2023) Independent examiner Una Cunningham Chartered Accountants in Ireland Purdy Quinn Chartered Accountants 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 Directors. 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 seNe on the Board, their nomination is put forward 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) (contlnued) Year ended 31 March 2024 Objectives and activities The charity's objectives are.. a) 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 environmentsl regeneration within the area of benefit by means 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 perforniance 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. During the 2023 - 2024 year the path did not require any major maintenance as the work carried out over the previous years has, so far, been efficient. Repairs to the Coastal Path totalled £190 (2023 £3,782). These funds were spent on cleaning rust from locks and chains, spraying weeds and generally tidying up. Annalong Community Development Association 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. The cost was £2,500 (2023 - £2,250>. Annalong Community Development Association Directors agreed to donate £250 to Annalong Community Empowerment who organise a Christmas Lights Festival for the village. A further donation of £250 was made to the Annalong Community Pensioners Christmas lunch in December 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 £5,214 (2023 - Deficit £19,294). Annalong Community Development Association Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontinued) Year ended 31 March 2024 Reserves 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 Business 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 £253,425 (2023 - £258,639). 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.. %I?IL4. ....... and signed on behalf of the board of Mr S Hughes Trustee ierson Trustee