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 Ma￿h 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