Magherafelt Market Trustees- Fin?Thcial ststements for theyear ended 31 Marth 2024 Trustees, Report Page 4 The Trustees present their report and the unaudited financial Statements for the year ended 31 March 2024. Re5uItS The Statemenr of Financial Activities for the year ended 31 March 2024 is set out on page 7. Performance review Both the year end financial position and the financial performance for the year were as expected. Future outlook The Trustees expect that the Association's recent financial performance will be sustained for the foreseeable future. Trustees The trustees of tho Association at 31 March 2024, who have all been trustees for the whole of the year ended on that date, except as noted below, are listed on page l. Name Resi8ftation Date 8January Z024 DrJ Keatlèy NanTe Appointment Mr T Srott 7June 2023 Dividends and transfers to reserves The Trustee5 do not recommend the payment of a dividend in respert of the year ended 31 March 2024. The result for the year has been transferred to reserves. Flnanclal Instruments and risk management Information on the use of financial instruments by the Association and its management of financial risk are discussed in the Strate8ic Report. Changes in flxed assets The movements in fixed assets during the year are set out In note IS to the financial statements. Research and development The AsSOClètion does not have any material research and development activities. Events afterthe reporting date There were no material events after the year end that requlre disclosure in the financial statements. Employees The Association's policy is to ¢on5uIt and discuss with employees where appropriate matters likely to affect employees, interests. Disabled persons The Association'5 policy is to recruit disabled workers for those vacancies that they are able to fill and all necessary assistance with initial training cour5e5 15 provided. Arransements are made, whenever possible, for retraining employees who become disabled, to enable them to perform work identified as appropriate to their aptitudes and abilities. Trustee5' responslbilities statement The Trustees are responsible for preparing the Strate8ic Report, the Truslees, Reporl and the financial statements in accordance with applicable law and re8ulations. Company law requires the Trustees to prepare financial statements for each financial year. Under thot low the Trustees have elected to prepare the financial statements in accordance with UK Generally Accepted Accounting Practice IUK Accounting Standards and applicable lawl. ASM
Magherafelt Markpt Tru5tee5- Finan¢ial statements for theyearended 31 Matth 2024 Trustees. Report Page 5 Under company law the Trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the Association and the profFt or105s of the Association for that financial year. In preparing these financial statements, the Trustees are reqvired to- 5elett suitable accounting polirie5 and then applythem con5iStently: make judgements and accounting estimates that are reasonable WKI prudent: state whether applicale UK Accounting Standards have been followed, 5ubjeci to any material departUs, disdosed and explained in the finanoal statements,- and prepare the financial statements on the going concern basls unless it is inappropriate to pre5urne that thE Association will tontinue business. The Trustees are responsible for keeping adequate &counting records that are sufficient t0 show and explain the Association's transactions and disclose with reasonable accuracy at any time the finarKial posltion of the Association and enable them to ensure that the financi31 statements comply with the Companies Act 2006. The Tru5tee5 are also responsible for safeguarding the assets of the Association and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Accounting records The measures taken by the Trustees to secure compliance with the requirements of Section 386 to Section 389 of the Companles Act 2006, with regard to keeping of accounting records, ère the employment of appropriately qualified ccountin8 personnel and the maintenance of computerised attounting systems. The Association's accounting records are maintained at 12A Queen Street. Magherafelt. Provisions relatlng to the preparation of the financlal statements This report has been prepared in accordance with the provisions of the Companies Act 2006 relating to na slzed companie5. Approval Thi5 Trustees, Report was approved by the Board of Trustees on 30J3nuary 2025 and signed on its behalf by: Mr A Burns Trustee ASM