BALLYSILLAN COMMUNITY INITIATIVES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2023
The trustees present their annual report and financial statements for the year ended 28 February 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's [governing documentl, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice appli¢able to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS
102)" (effective 1 January 2019).
Since the company Qualifies as small under section 382 of Ihe Companies A¢t 2006, the Strategic Report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
The primary purpose of the company is to support regeneration of the area and support charitable organisations.
The Trust will continue to promote and carry out housing development within the Ballysillan area.
The objectives of the company are achieved by local scrutiny and assessment of local issues pertinent to the
activities of the Company.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
The main activities of the company assist us in providing financial and other support to those within our remit be it
providing prompt access to funds or community support. The charity has made a number of donations to
organisations within the Ballysillan area, the major ones are noted under the Review of Activities below. The charity
will continue to undertake these activities to achieve its purpose for the public benefit.
Achievements and performance
The main achievement of the company is the ability to make funding decisions very quickly allowing much needed
fvnds to be available quickly preventing facilities and services from being lost in the community. The charity
continues to make donations to several organisations.
Three charity donations were made in the year, totalling £56,000.
Flnancial review
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
b. Reserv8s policy
At this stage in the development of the company, it operates with very limited resources. The Trustees do not
consider a reserves policy is necessary.
structure, governance and management
The charity is a charitable company limited by guarantee and was set up by a Memorandum ofAssociation.

BALLYSILLAN COMMUNITY INITIATIVES
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
The trustees, who are also the directors for the purpose of company law, and who served during theyear and up to
the date of signature of the financial statements were..
Mr R Foster
Mr W J Manwaring
Mr W M McAlister
Mrs D R Rodgers
Ms L Rodgers
Mr D Sharratt
Mrs L Sharratt
Mr V Spence
Mr F J R Rodgers (Dec'd)
(Resigned 17 March 2023)
The management of the company is the responsibility of the Trustees. who are elected are ¢¢>OPted under the
terms of the Memorandum of Association. Potenlial directors of the company are considered by the Board.
Primarily, this review considers whether the prospective member will help the company meet. its aims and
objectives. Applicants considered suitable are invited by the Chairman to join the Board. Each Board member is
also appointed as a director. Those serving as directors are invited by the existing Board of Directors on the
grounds of their proven ability, relevant experience and personal interest in the work of the Foundaion. There are
no schemes of training directors in advance of their appointment.
The company's current policy concerning the payment of trade Creditors is to follow the CBI'S Prompt Payers Code
(copies are available from the CBI, Centre Point, 103 New Oxford Slreet, London WC1A 1 DU).
The company's current policy conceming the payment of trade creditors is to:
settle the terms of payment with suppliers when agreeing the terms of each transaction-,
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts.,
and
pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to XX day's purchases, based on the average daily
amount invoiced by suppliers during the year.
The Board are responsible for bringing through a broad outline of the strategies that will be pursed to achieve the
policies and objectives of the company The Board are responsible to ensure that the strategic plan is Consistent
with the policies and objectives and to sign off on that strategic plan
Funds held as custodian trustee
No funds are held as custodian on behalf of others.
The trustees, report was approved by the Board of Trustees.
Ms L Rodgers
Trustee
30 November 2023