5 Churchill StreeL Belfast BT15 2BP T: 028 9074 2255 o promots priyszcal&evetowrtlL a caÈutys&Jui JoLt Asliton Centre e'ar en'de-d 30"November 20 ObJ•¢t5ves and actSvltses The ot4ects of the ¢harSty are th8 promotion fN the publÈe ben•fft of urban rageneration In North Betfast and particularly in the N8w Lodge ward of 8eKgst Dis¢r¢t Councl. bèing an area of soctal and eeonomic deprNati¢n. by all or any of the means: L the ro11ofof povety. . relief of ungmployment i. ihe creation of training and phYMent oppOrit[8S by the provtsion of worksparA. buildings. andlor land for use on fav¢urabte teryns: iv. the maintenance. improvement or provi5K>n of pubfic amenilies: v. the provisioft of publK heth and childcarg facalthes; vi. the provksion of recr8ational faCIti¢$ for the public at large or those who by reason of their ytyth. age. infinnty or disabmen¢ povety sooal and aMiC clr¢umstsnces. have n8ed of such facil¢ti•5. Mission The m$1)n ststement whith deffines the overdll purpose ofAsh1C Centre Devèloprnent Umlled ts To promote posibve change and imwove Ihe qualty of life of the North Belfast ¢ommunW. Th8 achievement of this mlssKin will load to a wsion of'A safe. Fyospartyts arKI wing eommunty where res?Jents have pride and a sense ofownership.. The directors have pahl due regard to gu3ance isgJed by th& Charity Commission in deryding what aChv¢S the charity should undertake. A¢tivitles Ashton Centre Development Umited promotes physical deveh¥ments as 8 driver for Sla1 and èconomlc regèneratitin within the Ni¥th 8eK8St area. Any profits generated by thè Ashton Centre Development Luniied are. wIe possille. kept 4rythin the grealer New Lodge mmUnIty and used to fLtrther develop its facile$ and seThw. The communty Is at the fryefront of its defvary and with the developmenl of numerous sttes and expan51¢>n of servtees th& eammunlty have 9affted extended ¢)ponift9 hours for senrtC8 delIv. disability aeeess. visl)le improvements toth8 onvir(xThenL Al of the mentioned Pufpose is lo impfove menlal health. emolional wellbein9. cOnnectsty, Ferson developmenl. increased employmertL Ilving stsrK1ards and r&li&fof povetty. Public 8enofft The d¢rectors ara adre of and have given consideralion to the Pubjlc 8erfft guldance publishejj by the CPority CommsssK*n for Nknhem Ireland. The PLEblic benefits that fflow the of comnwnty devek)t4n8nt and the promotion of urban dévelopment ao- i. reduction In financial and other hardships. slfess. anxiety and ilkheath". il. th8 ueation of employmenL training and wrk perIOn¢e opporluniti8s for rIdents lknng In economically and sociaity deptived areas and cortsequenity a reduclion in povety. unempbymenl and h8rd8hip, 18ading to 8 better qualty of lffe for the benefficiaries and consequent improvemtrnts in hèalth and welktelng: i. enhanced acossibilty to free or affNthble lilieS and 8menths. leadww to an unprovement In people's qualty of lrfe and well-b8iNJ: iv. enhan¢ed accessibilty to hèalth sèNces and affordabte chitdcare: v. onhon¢¢d aciNity. en9ag•ment and partiopaty¢)n in activities by residents of Ihe area of benefiL leadlng to an 5mprovemMt in IhoirwdJ.be4NJ and qualty of lira and greatersocial coheslon. BRITAIN VAT Reg Mo. 517 3156 59 Company Rey Plts. IP314 charity Rcy No NIC1010D5 info@ashtoncentre.com twhttÈt. 5hionc(mmuiiil Ir
Ashton Centre Development Limited Directors. Annual Reportl¢onthts•dJ Year ended 30 November 2021 Aehlw•monts and pgrf0mftce During the year Ashk)n Centre Development Limited sold prop8ty120 Cliftonvdle Road). Th8 charity now has nin¢ buding$ that have beén built ¢r rIrbI9d th8 hfr generats the area and provide S¢xial and economi¢ opportunittes. The Ashton Centre In Churchnl Streèt is Jet PT&lomirAnty to Ashton Conmunty Trust (ACT), frcm where training & emOyMent sgmces. famli y support seryices and communtty activitses tske place. The Ashton Centre hoLtsed a doctorfs rgery for 20 years but itvaeatod th& centre in August 2W21. The mcSweerY Centra in Henry Piace is ftCAV fvlly renovated and is lat to ACT. from wherè tr lfjnderkids day<ar8 cperate as well as Bridge of H¢¥e Heath and Wellbeing gjch as cwnsdling and other Ihorapeuii¢ servw tske rdace. Ajlkince Avotwe Is also ftlly c• by Bridgg of Hop8 to provide Health and Wellbeing sgrwcas. 529 Antrlm Road is now being occupied by both ACT Training and Empbymant seNtc4s arkl B8trast Heallh & Socrdl Care TrtESt. providin9 $8Nices to the loe21 Community. 683 Amtrim Road consists of 15 ftrn$ a1 a garage. Tha rooffts are lel to indlvDYual tenants and during the year they werg fulty o¢¢upth. Thè Duncam comeX in Duncaim Garders aso I¥x5 ACT ond 88lfast Health & Social Care projects. Ashton Centre Oevebpment Limlted also uwn 96 DUnlM Gardens whlch is cyrny derelict. We await to See rf siurayr4ling become available at whith time there is potsntlal for fvbJre developmertt.
Ashton Centre Development Limited DirectOTS' Annual Rep0rt(¢tthwOo) Year ended 30 November 2021 Flnandal r6vlow The results lor the year are set out in delail on pages 11 to 21. The chadty retumed net Incomlng resoure8s for th8 year of £210.839 {2020: Oulgoing ReSre•S of £SO.081). Th$ surplus 1$ pthiarity attfibuted lo the loan fLY9N8n by ACT Of£31yJ.O. AI 30 November 2021. Ih? totsl furyts of the tharity a)u8 to £4,314.766 (2020: £4,103,927) comprislng restrictsd funds of £2,490.041 (2020: £2.551.196) and unrestrlcted fttnds of £1,824,725 {2020.' £1,552.731} of which £1.739,76212020- £1,586.953) are designated. Ashton Centre Development Lirnfted has performed in line with its lyjdgel for the year. far both commarcial aftd resrdential properties. The janIs*l0n sets out to generate a small surplus each year beforo apthng th8 deprlati0Th costs af its Jarge portfdK>. Roser¥4s Pollcy Ashton CeThtre Deveknpment tinwt¢d has a smll wmber of employees 8rKI has need to hold large reserves other than lo deliver on its ¢haritable aims. Cuffent reserves are in the physical fabric which is essential to tha defvery of ¢yJr eharitsts aims and ara thereforg not free reseryes. Ashlan Centr8 Development Limited intonds to borrow on the Strength of its assets to final£ fvrther developments. Any call upon the use of reserves will b? al the approvl of the directors which will exam$r th8 rationale for doing so. assess b)e risk and agree an amtyjnt where appropriate. Tho difectorn have assossed the mai(Y rlsks lo which the scthty is exposod and are satlsfi8d that systems ate in pjace to mitigats eXSre to the rnaior risks. Rlsk Managem•nt FinarKial risks are assessed by the organisation on a reguLer basls. The rnaln risk Is the undL¥ryutslisation of avaitable renLIl space. VacaneAes are dt>)Jssed at each directors meeung and the p)lenttal Impact assessed. Futurè Plans Ashl¢)n Centre Oevebpment Llmlted o)ntiQL$ to ttOr oppothnities wthin Nclth Belfast area. Some of these opporbJnibes may require pattrw orgaftisations. oth3 Ashton Centre Development Llmited may b& at to carry out alJne. Structurè, governance and management Ashton Centra Developmant MIted is a regty8d socw govemed ty ib Nlgs. Ashton Centre D8v&bpm&nt LIMI is afso ogistered as a charlty with the Charlty Commission for Northem Iretand. The dlre¢tors s¢rved dur¥w the and up to dale of signatura of the financlal stslements were: Mr T Gotdsmith- Chair Mr J Baker- S8crètary Mr F Roberts Ms S Campbell Mr S Fftz&mons Ms C Heton Ms A RCth4ats MS C Chrlsty IResvJned 31 De¢ember2021} Ms L Mcstravick IResNJned 28 FebDJary 2022) Appoinfmènt of dlre¢tQf5 Ashton Centre Oevelopment Limited Is governed ty dwtictors elected by its membeTS on an annual basi8. AM members are invited to nominate to Ihe Board whith c4Jnsists of up to 12 people elected for one yéar period. Th& Chair is nomlnated bythe threctors.
Ashton Centre Development Limited Trustees. Annual Report (Mndnu• Year ended 30 November 2021 Dlr•¢tots Inductlon and tralnlng New director5 undgrgD Induction traing to brtel them on roles and responsibilitles and their legal obligations under charrty law. the directors and the deciSrmaking processes. the strategtc and operational plannlng processes. tho organlsation struCre and keyorg8ni£atIo athÈDes. Oiffjctor5 are pmwded wth pieS of the Ashton tre D8vekpm8nt Limrted Govemance Manual which indudes the Rules. Role Desuiptions for Offic& Bearers and Dirertors an(F Sub Committe8S Ashton Centra Development Limited FunCe PrdureS and the Ashton Cèntre Development Limite<i Equal Opportunitres Polry. Organlsatlonal Structure The directors ensure the gcod govamanc of the wJanisatb)n by $elti its strateglc objectth 8nd pollcy direcbon through h1( Centre Development Lrmited'$ threethyear strategic plan. Progress against Ihis plan is monrio regulaty and annual operaiional plans updated as necessary. The directors mègl on av8rdg8. every six weeks. The Propety Manager is in control of the application arKI monitoring of the strateglc and operation objectives as li%ted in tho stra1¢ and Operiono1 Hans. Relatsd Partlas Ashton Centra Development Limifyd Is an irrvJent w1$8b and therefore all operatiCS are ¢8nied OLrt in aCcnCe with thjs. A subgdrary Task-Team-Pm Lld vras set up to J)ropety services in th& area. After some initsaj succèss it was dèodtsj to ceas& trading 8$ anb¢ipated OPPOnunit had not materi8Jised. Task-Team-Pm Ltd was dissolv$ in July 2021. Dlr•otors' responslbilttles statèment Th¢ directors. who also act as trustees for the charitsbie acts8$ of the charity. are rosponsfole ILY preparing thè directors. r8FQrt and the financial statements in aco)rdance wth applicable law and Unit8(l Ffjwom Accounlwi9 Slandards Iunited lfjng¢lom Gener[Y knepted Accounting Pfecti¢e}. The law applicable lo charities in Northem Irejand requires the charity trteaS to pr8pare )InaneAal Slat¢ments for each year which give a truè and fairvtew of the state of affairs of the charity and ol the incomlng resources and applica of r8scunx. of the charity forthat year. In preparing these fin8n¢ial slatements. tr are requireil to: select suitable aoUnng pdiiaes and then apply consist8 observe the methods and principles in the appkable Charfts SORP. makejudgments and accounling estimates that reasonabl8 and prudenl: 5tatg vjhother applleable UK Ae¢ountir& Stsndards havè tegn foljowed. subject to any mBlarf81 departures disdosed and explartd in the financiaj ststements: preparè the frianclal $tstéments on the gfxng canM basi8 unles$ tt IS inapproprth to presumg that the rtharitywll continue in IJLtsinets. Thè trustees are responsknte for keepi)g adewate 8COXmtkng rdS that are suffidgnt to show and explain the ¢hariVs transacti$ and de reasonable 3racY al any time the financial position of Ihe chartty and enabje them to ensure that the financial ststements eomply with the Ctroperative and Communty Benefit Societies Act INorth&m treland) 1969. They ara also tssponsible for safeguardifig the assets ofth8 charity and hencelor tak4 reasonthe steps lortho prevention and detection offravd and Oth 5rregularities.
Ashton Centre Development Limited Trustees. Annual Report Year ended 30 November 2021 01sclosurn Of Info#110n to audltOT Each of the director5 has conf1md that there is no inf0rnwtl of whlch they are avrare whith is r8t8vant to the audit. but of whi¢h the audttor ts urraware. They have fiJrthfjr o)nfimJ8d that thoy have taken approprfats stops io identify such relevant informatKJn and to estsblish that the auditor is aware of wch information Th& thre¢tth5' annual report vas on ..........................-- directo by: nd svJned on behallof tha board of Dlrector MrJ Baker,,