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 applical￿e UK Accounting Standards have been followed, 5ubjeci to any material departU￿s, 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