Dundrum Development Association Ltd TRUSTEES, ANNUAL REPORT for the finanryal year ended 31 March 2023 UNDRUM DEVELOPMENT ASSOCIATION The trustees present their Trustees. Annual Report, combining the Oirectots, Report and Trustees. Report, and the unaudiled financial slatements for the financial year ended 31 March 2023. The financial stalemenls are prepared in accordance wrth the Companies Act 2fj, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Acc(yJr,ting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in a(rdance wrth the Financial Reporting Standard applicable in the UK and Reputs1 of Iland (FRS 102). The Trustees, Report contains the infomiation required to be provided in the Tmstees. Annual Report under the Statement of Recommended Practice {SORPI guidelines. The Iruslees of the company are also charity Iruslees for the purpose of charity law ano under the company's ConStrtutn are known as members of the board of trustees. In this report Ihe trustees of Dundnjrn Development Asscoation Lld psent a summary of rts purpoge. govemance, activities, achievements and finances for the financial year 31 March 2023. The charty is a registered charity and hence the report and results are presented in a fom which complies with the requirements of the Companies Ad 2006 and, although not obliged to comply with the Sl8tement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102. the organisation h8$ Impnted its recommendation8 where relevant in th888 finanual stalements. Ml881on, ObJectlvo• and Actlvitles Ml881on Statsment The Charity's principal activities continue lo be concer1 with the follthying in Dundrum Village.. 1. The promotion of Econom Regèneralion.. 2. To address the problem of dereliction in the village.. 3. To provide financial support to all of the voluntary and sporting groups in the village. The redevelopmenl works al the site of the Dundrum Roun(ftt)wer Reslauranl were completed in the course of2021 to 2022 with the four new Properties being sold in the same peric#J. Planning pemiission has been applied for to redevelop the derelict building at 101 Main Streel Dundrum which was purchased by the Charity in March 2022 with a portion of Ihe proceeds from the aforementioned works al the sile of the Ddndrum Roundtower Restsurant. The Charity continues lo seek opportunrties lo redavekjp Other derdid sites in the village. The AssClation continues lo support all voluntary and sporting groups in the village. with these proviso8'. 1. The group musl be propety nstituted. 2. The group musl have its own Bank Account wth at least Iwo SnatUreS. 3. Full sight of the group's finances must be provided to the ASSOallon. 4. Some contribution towards the funding of any projecl must b8 provided. In the period the Charity has provided £28.116 in funding towards= Dundrum Unrted F¢)otball Club for portable Iightsng for training during the winler., 2. Creative Village Dundrum towards the cost of the lease on their new wemises.. 3. Dundrum Downshi DeveloF¥nent Association towards the cost of new windows and doors lo the lo1 Dundrum Orange Hall 4. Mudough Athletics Club towards the costs of staging their annual Gr8 run. 5. Society of Sl Vincent de Paul to assist in allaying povety in the village through the fvnding of food, energy costs, clothes and fvmltu. 6. Funding of the Pertsioners Christmas lunch The Chaiity also improved the communication links to the village wth the crealion of a publicty available bespoke website which incorporales a fvnding application form to $upport grant applications from village organisations. The end of the reporting period leaves the Assoc4ation in a strong position to pursue its objectives.
Dundrum Development Association Ltd TRUSTEES. ANNUAL REPORT for the finanoal year ended 31 March 2023 Structure, Govemance and Management Structure Dundrum Development ASS(latIOn Ltd acts under the govemance of its constitution dated 28 June 2016. The Charitable Company held board meelings during the year and all trustees were present at each meeting. Stephen Calvert look over as chairman from Dr Patrick Mccomiskey. Patrick will remain on the board as will another longstanding officer. Frances Flynn. who has stepped down as secretary. Frances has been replad by Deborah Boden. Results At the end of the financial year the charrty has assets of £2.C&SO.138 (2022 - £2,074,012) and liabilities of £1,641 12022 £750). The net asset5 of the charty have decreased by £{14.765). Trustees The Iru5tees who served throughout the finanaal year were as follows: Deborah Boden Stephen Calvert FranS Flynn Dr. Patrick Mccomiskey Micheal Rodgers Paul Symington In aordanCe wtth the Constttulion. the trustees retire by rotation and. being eligible. offer themselves ft)r re-election. Compliance with Sector-wide Logislation and Standanl8 The charity engages pro-actNely with legislakn"on. standards and )deS which are developed for the sector. Dundrum Development Association Ltd subscribes to and is compliant wtth the frJll¢)wing.' The Companies Act 20C The Charities SORP {FRS 1021 The Charities Act (Northem Ireland 2008) Transactions Involving Trustees No Trustee received remuneralion or any other benefft from the Chartty during the year. Approved by the Board of Trustees on 16 November 2023 and signed on its behalf by: Calvert tee . Patrick Mcco Trusteè iskey