Magherafelt MarketTru5tee5- Financial statementsforthè year ended 31 March 2023 Trustees, Report Page 4 The Trustee's present their report and the unaudited financial 5taternents for the year ended 31 March 2023. Results The Statement of Financial Artivities for the year ended 31 March 2023 is set out on page 7. Performance review Both the year end financial position and the financial Performan forthe year were as expected. Future outlook The Trustees expect that the Association's financial performance and financial position will improve in the near future. Trustee's The trustee's of the Association at 31 March 2023. who have all been trustees for the whole of the year ended on that date, are listed on page l. Dividends and transfers to reserves The Trustee's do not recommend the payment Df a dividend in respect of the year ended 31 March 2023. The result for the year has been transferred to reserve Financial instrument5 and risk management Infomiation on the use of financial instruments by the Association and its management of financtal risk are discussed in the Strategic Report. Changes in fixed assets The Association does not have any fixed assets. Research and development The Association does not have any material research and development acttvities. Events after the reporting date There were no material events after the year end that require disclosure in the financial statements. Employees The Association's policy is to consult and discuss with ernployees where appropriate matters likely to affect employees, interests. Disabled persons The Association's policy is to recruit disabled workers for those vacancies that they are able to fill and all necessary assistance with initial training courses is provided. Arrangements are made, whenever possible, for retraininE employees who become disabled, to enable them to perform work Identified as appropriate to theii aptitudes and abtlities. Political donations The Association did not make any political donations during the year or in the preceding year. Trustee's, responsibilittes statement From the constitution the Trustees must compty with their obligations wth regard to- the keepinE of accounting recor(Js of the Association; and the preparation of annual statements of account for the As50Uation. Internal financial control The Tru5tee5 have overall responsibility for ensuring that the Association has in place an appropriate system of controls, financial and othenvise. to provide reasonable assurance that: the A550ciation is operating efficiently and effectively- its assets a safeguarded against unauthorised L5se or disposition- ASM
MaBheTafelt Mark¢tTrustees- Financi31 statements forthe year ended 31 Mah 2023 Trustees, Report Paue 5 proper records are maintained and financial information used within the Association or for publication is reliable,. and the Association complies with relevant laws and regulations. The Association's systèms of financial control are designed to provide reasonable. but not absolute, assurance against material mis-statement or loss. Approval This Trustee's, Report was approved by Trustee's on 13 November 2023 and signed on its behalf by- MrABums Chairperson ASM