FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Irustees present their report and accounts for the year ended 31 March 2023. The Trust is a charltable company limited by guarantee and accepted as a charity by HM Revenue and Customs under reference X042994. The financial statements have been prepared in accordancè with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document. the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Gharities preparing their accounts in accordanc8 With the Financial Reporting Standard applicablè in the UK and Republic of Ireland (FRS 102) (as amended by "Amendments to FRS 102 Triennial Review Incremental improvements and clarifications" for accounting periods commencing from 1 January 2019)". Objectivès and activities The charity's objects are to promote the benefit of the inhabitants of Faughanvale and its surrounding are88, to provide day care to the elderly, young physically disabled, peopl8 with learning disabilities and mental health problems, as well as re¢realion and leisure fa¢ilities in the interests of social welfare and education and there has been no change in these during the year. The Charities main 8Ctivltiès are day care and Moving On Programmes. The weekly activities in the day centre are essential skills - English, Maths, educational. work experience, introduction to business activities, arts and crafts, cookery, drama workshops, environmental programmes, leisure activities and outings to places of interest. The charity also provides freshly made meals to 811 the users of the service. Public Benefit The objeclives of the Trust are as listed above. The Trust has considered the UK Charity Commission's guid8neè on public benefit and plans lo ensure thal it provides public benefit and achieves ils objectives as set out in the Trust's Memorandum and Articles of Association. The direct benefits to the individuals using Ihe service include: The promotion of social interaclion and combating loneliness; Creating a sense of belonging. Slimulaling the development of individuality and choice; and Supportlng and developing essential life skllls encouraging independence. The truslees give careful consideration to accessibilty for all without discrimlnation on grounds of politics, religion, race, sexual origination, social or economic background. The Trustees have also taken cognisance of the UK Charity Commission's Guidance on Public Benefit and plans to ensure that this is a¢hi8V8d within our objectives as set out in the Trust's Memorandum and Articles of Association. To further this, Faughanvale Community Project has extended its range of contact and invitation to the wider EglintonlGreysteel community lo engage in FCP activities, entertainment, in-house training for our staff and servic& users and work experience. This is increasingly belng taken up and benefits the wider community and service users in terms of wider social integration beyond the centre and family. The nature of such involvemènt includes.. Edu¢alional programmes Music and drama Arts and crafts Sports activities Diversional activities Planned outings The public benefit sought is attained through working in partnership with various statutory and educational bodies, social enterprises. voluntary agencieslgroups, businesses and schools.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The statutory, Educational, Tralnlng bodies and agencies includè: Westem Health and Social Care Trust., Regulation and Quality Improvement Agency (RQIA}; Police Service of Northem Ireland (PSNI). North8rn Ireland Social Care Council,. North West Regional College; Mark Mcchrystal Training Consultancy" MTA Trainlng Services. Social Enterprises with which we share many objectives hence exchange ideas and opportunities to benefit service us&rs and the wider community include, hence public benefit: Greysteel Enterprise (The Vale CentFe): Greysteel Community Association., Eglinton Community Association. Eglinton. Voluntary Agencies and organisalions visit and interact with our service users, participating and volunteering in our planned activities throughout the year. for example.. Women's Inslilute. Eglinton- St Vincent de Paul,, Presbyterian Women's Association (PWA>' Mother's Union: Men's Shed, Eglinton. Businesses provide work experience for our Moving On Programme. They also participale in planned activities ncluding our 'out of hours, entertainments such as Easter, Halloween and Christmas. The businesses are., Nicholl Fuel Oils. Nicholl Supermarket. Braidwater Enterprises; Hogg & Milchell Enterprises; W J O'Brien & Son, Funeral Direclors; Alec Orr Motors. The opportunity for work experience supports public benefit. The service users are increasingly contributing within the community through their increased involvement with Ihe above and the training opportunities available In FCP Ihus lending to the public benefit. Achievoments and perforniance During the financial year to 31 March 2023 Faughanvale Communlty Project continued to achieve its objective to provide day care to the elderly and disabled. The centre was able to provlde care 3 days per week to a number young disabled persons, people wilh leamlng difficulties and the Elderly. Faughanvale Community Project also provlded meals on wheels throughout the full year, servicing 40 people p8r day, 4 days per week. A luncheon club was held one day per week when up to 10 people from the local community join our $8rvlce users for lunch and entertainment, Flnancial revlew The results for the y8ar are set out on page 7. Total incoming resources for the year were £164,266 {2022 £162,685) of which 850A was generated from Western Trust contracts. Total resources expended were £184.815 (2022 - £156.331) of which 1000/0 was expended on direct charitable activities. The balance of total funds at the year end was £218,141 of which £113,422 was unrestrided, £2,683 was festri¢ted and £102,036 was designated in nature. Reserves policy It is the policy of the charity that unrestricted ftjnds which have not been designated for a specific use should be maintained at a level equtvalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to conlinue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trusl aims to conlinue to increase its reserves to ensure the stabllity of its services, employment and everyday operations of the organisation. The twstees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place lo mitigate exposure lo the major risks.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Structure. governance and management The charity is a company limited by guarantee and accepted as charitable by HMRC Ljnder reference X042994. The company was incorporated on 30 November 2003 and is governed by lis Memorandum and Articles of Association. Th6 trustees, who are also the directors for the purpose of company law, and who Seed during the year 8nd up to the date of signature of thè financial statements werè: M Moore M Watson Rev N McDermott R Logue Rev J L Blair Rev D P Hoey Recruitment and appointment of Trustees The Charity Tnjstees are also Directors of the company. A Trustee is initially elected by the Board in accordance with the Memorandum and Articles ofAssocialion. Under the requirements of the Memorandum and Articles of Association unless otherwise determinéd by the company in a General Meeting, the number of Trust8es shall not be less than thre8. In the flnancial year no new Trustees were appointed and none resigned. The Board as a whole was approved by th8 AGM and continues to monitor its membership. None of the Iruslees has any beneficial interest in Ihe company. All of the trustees are members of the company and guarantee to contribule £1 in the event of a winding up. The Board of trustees which administers the Trust meets throughout the year as required,
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of trustees. responslbllttles The trustees, who are also the directors of Faughanvale Community Project Limited for the purpose of company law, are responsible for preparing the Trustees. Report and Ihe financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statèmènts for each financial year which give a true and f81r view of the state of affairs of the charity and of the incoming resources and application of r88ources, including the income and expenditure, of the charitable company for that year. In preparing these financial slatements, the trustees are required to., select suitable accounting policies and then apply them consistently: observe the methods and principles in the Ch8rities SORP. make Judgements and estimates Ihal are reasonable and prudent" state whether applicable UK Accountlng Standards have been followed. subject to any materlal departures dlsclosed and explained in the financial statements. and prepare the Iln8ncial statements on th8 going nCern basis unless it is inappropriate to presume that the charity wlll contlnue in operation. Th8 trustees are responsible for keeplng adequate accounting records that dlsclose with r8asonable accuracy at any lime the fSnancial positlon of the charity and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of th& charity and hence for taklng reasonable step5 for the preventlon and detection of fraud and other Irregularities.
FAUGHANVALE COMMUNITY PROJECT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The truslees, report was approved by the Board of Trustees. M Moorè Trustee Dated: 21 December 2023