Hillcrest Trust (Top of the Hill) Ltd Compally limited by guaranttt Directors, report for the year ended 31 March 2023 The directors present their report and the fancial statements for the year ended 31 March 2023. Principal aetivity The principal activity of the charitable company is to deliver on Health & Wellbeing, Education and Leaming, Cultural and Arts, Physical Regeneration, Community Safety, Family Support, as well as working with others to provide youth and preschool services to residents in the Top of the Hill areas. Directors The directors who served during the year are as stated below: Patrick Morrison Edel O'Doherty Mark O'Doherty Chrlstopher Jackson Paula Cunningham Jacqueline McLaughlin Caroline Callan Sharon McLaughlin Sean Mooney John Lynch Philip McKinney Appointed 13th March 2023 Resigned 8th December 2022 Strvctiire? governance and management Governin Document Hillcrest Trust (Top of the Hill) Ltd is a charitable company, limited with guarantee with no share capital and its governing document is its Memorandum and Articles of Association. Its charitable status is recognised by HM Revenue & Customs and The Charities Commission of Northern Ireland. Or isational Structure/Recruitment and A intment of the Board of Directors Hillcrest Trust (Top of Hill) Ltd was established in 2001, the charitable company is managed by directors who meet regularly to review activities and plan for future projects. New directors and nominated by current trustees. All of the directors due to their experience and backgrounds are already familiar with the work of the charity. Risk Mana ement The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Financial review The charity has incurred a sury)lus in the year of £61,265 (2022 - deficit £17,731), the reserves at the end of the period £384,385 (2022 - £323,120). Income and expenditure is expected to vary from year to year depending on funding received and activities organised. Page 2
Hillcrest Trust (Top of the HIEI) Ltd Company limited by guarantee Directors, report for the year ended 31 March 2023 continued In the past the directors have agreed that a designated fund would be set up to ensure that 3 months operational costs would be covered in the event of withdrawal or gap in funding. At the beginning of the current fmancial year the designated fund balance w&s £119,000 The directors agreed to transfer unrestricted reseves of £56,000 to the designated funds in the current year, the designated fund balance is now £175,000 at 31 March 2023, Directors will review this annually. Direetors Responsibilities in Relydtion to The Financial Statements The directors are responsible for preparing the Annual Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each fmancial year. Under company law the directors 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to: - to observe methods and principles of the Charities SORP (FRS102)' state whether applicable UK accounting standards have been followe(L subject to any material departures disclosed and explained in the financial statements. select suitable accounting polickes and apply them consistently. make judgements and estimates that are reasonable and prudent; and prepare financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis. The directors are responsible for keeping proper accounting records which, disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure of infornlation to auditors: We, the directors of the company who held otyice at the date of approval of these Financial Statements, as set out above, each confirn] so far as we are aware, that: So far as we are aware, there is no relevant audit infonnation of which the company's auditors are unaware. and as the directors of the company, we have taken all steps we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditor are aware of that inforniation. Auditor's: McGroarty Mccafferty & Company are deemed to be reappointed in accordance with Section 487 (2) of the Companies Act 2006. Page 3
Hiljcrest Trust (Top of the Hill) Ltd Company limited by guarantee Dir¢ctors' report for the year ended 31 March 2023 . continued This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. This report was approved and authoiised for issue by the Board on 24 November 2023 and signed on its behalf by Director Director Page 4