Hillerest Trnst (fop of the Hlll) Ltd Company limited by Ellntee Directors, report for the year ended 31 Mar¢h 2024 The directors pres¢nl their report and the financial statements for the year ended 31 Nqarch 2024. PThncipal a¢knity The principal activity of the charitable company is to deliver on Health & W.ellbetn& Educatioft and Learnin& Culture and Arts, Physical Regeneration, Community Safety, Family Suppo¢ as well as working with others. to provid¢ youth and preschool services to residents in the Top of the Hill ar¢& Dlrectors The dir¢¢tors who s¢tv¢d during the year are as ststed below: Patrick Morrison Mark O'Doherty Christopher Jackson Paula Cunningham Jacqueline McLaughlin Caroline Callan Sharon Mclaughlin Sean Mooney John Lyn¢h Philip McKinney Caitlin Deen¢y Edelle O'DonneIl Resigned 9 April 2024 Resigned 9 April 2024 Appointed 24 June 2024 Appointed 24 June 2024 Structureg governanc¢ and management Governin en Hillcrest Trust (Top of the HAII) Ltd is a charitable company> Jimxted with guarant# with no share capital and its governing doGument is its Memorandum and Articles of ASslatIo Its charltable. status is recogThis¢d by HM Revenue & Customs and The Charities Commission of Northern Ireland. isational StructurelRecru' ent and A ointment of the Board f D. Hillcre5t Trust (Top of Hill) Ltd w&8 established in 2001, the charitable Company is managed by directors who meet regularly to review activities and plan for thture projects. New directors are 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 strdtegy which LX)tsists of establishing a system of identifying risks and mitigating such risks. Int¢rnal control risks ate minimised by the implementation of procedures for authoTisation of all transactions and projKts. Fiftantial revlew The charity I incurred a su]$ in the year of £13.309 (2023 - surplus £61,265), the reserves at the end of the financial year are £210,715. Jncome and expenditure 15 expected to vary from year to year depending on funding received and activities organised. Page 2
Hillcrest Trust (Top of the Hill) Ltd Company limitéd by guarantee Directors. port for tht year eud¢d 31 MAreh 2024 . Continued In the past the director5 have agr that a designated fund would be s¢t up to ensure that 6 months operational costs would be covered in the event of withdrawal or gap in funding. At the begim)ing of the Current financial year the designated fund balancc was £175.000. The directors agreed not to transfer unrestrided funds in the current year to the designated fund. Directors will review this annually. Directors Responsibilities in Relatlon to The Financlal Ststsments The ditorS are responsibl¢ for preparing the Annual Report and the fmanGial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptsd Accounting Pwtice). Company law requires the directors to prepare fanCIal statements for each financial year. Under Company law the directors must not approve the financial statements unless they are satisfi¢d that they give a true and fair view of the state of affairs of the Gharitable company and of the incoming resour¢¢s and application of resources. including the income and expenditure, of th¢ charitable company for that perio(L In preparing these financial statements. the directors are required to: - to obs¢rv¢ methods and principles of th¢ CharAties SORP {FRSI 02); - stste wheth¢r applicable UK accounting standards have been followe(L subject to any material departures dilOSed and explained in the financial statein¢nts: - select suitable accounting policies and apply them consistently. make judgements and estimates that a re&sonable and prudent; and prepaTe financial statements on the going Onrn basis Unle it is not appropriat¢ to urne that the company will continue on that basis. The directors are responsible for keeping prop¢r aUtIng records which disclos¢ with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements compty with the Companies Act 2006. They are also responsible for safrguarding the assets of the Gharitable rnPany and hence for taking reasonable stq)s for the prevention and detection of fraud and other irregularities. 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 authorised for issue by the BL)ard on 24 O¢tob¢r 2024 and Sign on its behalf by Director ire tor Pago 3