STEWARTSTOWN DEVELOPMENT ASSOCIATION LTD DIRECTORS. REPORT FOR THE YEAR ENDED 30 JUNE 2018 The directors present their annual report and financial slalemenls for the year ended 30 June 2018. Principal activities The company is limited by guarantee and does not have a share capital. The company is funded as a Local Development Association. The directors. aim is to continue to broaden the range of services offered lo include those offered by other Local Development Associations. The company obtsined charitable status on 15 February 2017. All income and expenses in the accounts is unrestricted. Directors The directors who held office during the year and up lo the dale of signature of the financial slalemenls were as follows.. Mr P Smith Mr W Armstrong Mr P Park Mr K Gilmour Ms N McReynolds Ms P Smith {Resigned 30 September 20171 Statement of directors. responsibilities The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practi (United Kingdom Accounting Stsndards and applicable lawl. Under company law the directors musl not approve the financial ststemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the ¢ompany and of thè profit or loss of the company for that period. In pparIng these financial statements, the directors are required to.. select suitable accounting policies and then apply them consistently., make judgements and accounting estimates that are reasonable and prudent., prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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. This report has been prepared in accordan with the provisions applicable lo companies enliued to the small companies exemption. On behalf of the bosrd Mr W Armstrong Director 1 November 2018 Mr P Park Director 1 November 2018
This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.