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 f￿ancial 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.
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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.
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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
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