DUNLOY DEVELOPMENT PARTNERSHIP
COMBINED TRUSTEES’ AND DIRECTORS’ REPORT FOR THE YEAR ENDED 31st DECEMBER 2022
The Trustees/Directors present their report and the unaudited financial statements for the year ended 31st December 2022.
Objectives and activities
The principal activities of the Company continued to be that of relief of poverty, enhance education and to promote facilities in the interest of social welfare for recreation or other leisure time. The objective is to improve conditions of life for all inhabitants of Dunloy (Co Antrim) and its surrounding areas. The charity aims to provide community hall facilities for all members of the community to develop and maintain the strong, vibrant community spirit in the village and surrounding area.
Administrative details, Structure, Governance & Management
Dunloy Development Partnership is a company limited by guarantee. The governing document is the Memorandum and Articles of Association. The company registration number is NI 605953.
The company has recognised charitable status provided by HMRC under tax reference XT 35533. Mr John McLaughlin is noted as the charity’s authorised official.
The company is a registered charity with The Charity Commission for Northern Ireland under charity number 104946. Dunloy Development Partnership is a public benefit entity .
The registered office of the company is 17 Bridge Road, Dunloy, Ballymena, BT44 9AN. The public address for the charity under The Charity Commission for Northern Ireland is 61 Station Road, Dunloy, Ballymena, BT44 9AU.
Directors & Trustees
The Directors who held office during the period were as follows:
John McLaughlin Jonathan McCamphill John Dowds,.
The Trustees of the charity during the period were as follows:
John McLaughlin Jonathan McCamphill John Dowds
Trustee appointments are subject to Board approval.
Statement of Directors'/Trustees’ responsibilities
The Directors/Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the Directors/Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
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DUNLOY DEVELOPMENT PARTNERSHIP In preparing those financial statements, the Dire¢tors/Trust¢es are rquired to: s¢lect suitable accounting policies and then apply them consistently. obscrve the methods and principles in the Charities SORP. make judgments and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Directors are responsible for keeping proper accounting records which disclose with reasonable a¢curacy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with The Companies Act 2006 and The Charities Act 201 l and in accordance with the Charities Statement of Recommended Prdctice (Charities SORP)(FRS102). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small companies provision statement This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Achievements. Performance and Financial Review The 2022 financiaI year reports a return to pre Covid rental levels. Against this, costs escalated as a result of energy costs and repairs. The company secured grants during the year which continued to support the ongoing running costs. The loss for the year after depreciation and taxation amounted to £26,410. The profit for the year before depreciation charge and deferred grant release w&s £3,063. The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the Diocese of Down and Connor who have undertaken not to call in the loan but will work with Dunloy Development Partnership on timing of payments subject to cashflow. Small company provisions This report has been prepared in accordance with the Small Companies regime under the Companies Act 2006. Approve the Board d Trus ees on 29 September 2023 and signed on its behalf by." ohn McLaughl rector and Trustee