Brackfield Old School Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charty for the year ended 31 March 2023. Reference and administrative details Registered charity name Brackfield Old School Ltd Charity registration number NIC103615 Company registration number N1039228 Principal office and registered The Old School House office 2 Foreglen Road Killaloo Londonderry BT47 3TP The trustees Mr M Smith Mrs J Pollock Mr C Pollock Company secretary Mrs Joan Pollock Independent examiner Arthur McFarland W.S. Sterritt & Co Carton House 15 Ebrington Terrace Londonderry BT47 6JS Structure* governance and management The organisation is a charitable company limited by guarantee. incorporated on 6th September 2000, accepted as a charity by HM Revenue & Customs, reference XR42018 and registered with the Charity Commission for Norlhern Ireland on 16th October 2015, charity number NIC103615. The company was incorporated under a Memorandum of Association which established the objects and powers of the charitsble company and is govemed under its Articles of Association. In the event of the company being wound up members are required to contrtbute an amount not exceeding £1. Objectives and activities The principal activities and objects of the charity as per the company's Memorandum are ' to promote the benefit of the inhabitants of Killaloo and Claudy and the surrounding area of County Londonderry" by provision of premises utilised as a communrty hub. The charity trustees have had regard to the public benefit guidance issued by the Charity Commission for Northem Ireland.
Brackfield Old School Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2023 Achievements and performance The community hub provided by the charity continues to bewell utilised by local charities and community bodies. The charity has continued a policy of improving and maintaining the fabric of the building. Financial review The results forthe year are contained in the financial statements attached. Forthe current year amounts received in respect of rental charges for the use of the community hub by other charities and community bodies were in excess of expenses incurred. In accordance with the charity's reserves policy this surplus has been transferred to designated reserves. Excesses of income over expenditure in any financial year are transferred to a designated reserve in order to provide sufficient reserves to conducted improvements and repairs to the charity's propety when required to ensure that the building is of a sufficient standard for its continued use as a community hub. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small Companies exemption. The trustees, annual report was approved on 23 October 2023 and signed on behalf of the board of trustees by.. Mr M Smith Trustee rs J Pollock Trustee