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 p￿parIng
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