CHARITY REGISTRATION NUMBER: 106927 Twaddell & Woodvale Residents Association Unaudited Financial Statements 31 March 2023 Finegan Gibson Ltd Chartered accountsnts Causeway Tower 9 James Street South Belfast BT2 8DN
Twaddell & Woodvale Resldents Association Flnanclal Statements Year ended 31 March 2023 Page Trustees. annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 10
Twaddell & Woodvale Residents Association Trustees. Annual Report Year ended 31 March 2023 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Twaddell & Woodvale Residents Association Charity registration number 106927 Principal office The Cabin 3 Twaddell Avenue Belfast BT13 3LA The trustees Evelyn Ann Bennett William Cupples Robert Fleming Colin Anderson Winston Irvine (Resigned 14th July 2023) Alfred Mccrory Michelle McDermott Brenda Phillips Company secretary Evelyn Ann Bennett Independent examiner Finegan Gibson Ltd Chartered Accountant Causeway Tower 9 James Street South Belfast BT2 8DN
Twaddell & Woodvale Residents Association Trustees. Annual Report (¢onllnu8dJ Year ended 31 March 2023 Structurep govemance and management Governlng Document Twaddell & Woodvale Residents Association is managed by a committee consisthg of not more than 13 and not less than 7 members of Twaddell & Woodvale Residents Assoclatlon. Appointment of Irustees The charity in g8n8ral meetlng shall elect the Trustees. The Officers shall be elected annually by and from the members of the Committee at their first meeting following AGM. The Trustees may appoint a person who is wllling to act as a Trustee. Each of the Twstees shall retire with the effect from the conclusion of the AGM next after hislh8r appointment but shall be eligible for re-election at that AGM. Relatlonshlps wlth relatedpartles None of our trustees receive remuneration or other ben8fit from Iheir work with the charity. Rlsk management TWRA recognises that the organisatlon is exposed to certaln rlsks due to the nature of its actlvlties and the environment in which it operates. The key to TWRA'S Success is the effective management of rlsk to ensure Its charltable purposes are achieved. Risks arise due to TWRA'S op8rational undertakings and from external sources. Risks occur In numerous ways and have th8 POt8ntial to have an impact on financial performance. reputation. health and safety, community and the overall perfomance of organisation. In order to fully understand such risks. TWRA has established a Risk Management Policy whi¢h provides the framework for how risk will be managed within the organisation. It form5 part of the govemance framework of the organisation. The Policy addresses both strategic and operational risks. The trustees have a risk management strategy whlch comprises: an annual VIeW of the principal risks and uncertainties that the charity faces: the establlshment of poficies, systems and procedures to rniligate those risks entIffied in the annual review: and Ihe implementation of procedures designed to minirnise or manage any potential impa¢t on the charity should those risks materiali5e.
Twaddell & Woodvale Residents Association Trustses. Annual Report (conllnued) Year ended 31 March 2023 Objectives and activltie3 Th8 purposes of the charity are: To provide courses and training for employment to residents of TWRA. To assist members of the community in trying to address housing, community and employability issues. Provide training within the community Assist intemal groups eg. Forever Young and TWIG with future programme plannlng. To support local people to tske part In peace and reconclliation activities as well as actfvitles that address the legacy of the conflict. In shaping our objectives for the year and planning our activitles, the trustees have considered the Charlty Commission's guidance on public benefit. The strategies employed to achieve the charfty's aims and objectives are to: To aSst residents with the campletion of fonns and contact appropriate agencies on their behalf. To provide a mediationlnegotiation service for resldents In dlspute wtthin community. To educate and develop those for future employment. To provide tralnlng and educational opportunitles whlch Increase the capaclty of the local people to engage with peace and reconciliation adlvitl8S. To provide opportunities for local p8opI8 to engage wlth others from different comrnunity and cultural backgrounds. To increase community avtareness of home safety. health using statutory agencies for support; and To provid8 a range of activities and programmes that promote a better understanding of culture. heritage and Identty.
Twaddell & Woodvale Residents Association Trustees. Annual Report (conUnu8d) Year ended 31 March 2023 Achievements and perfomiancè Twaddell & Woodvale Residents Association, through continuous consultations. surrfeys and informatron gathering, engaged with groups and individuals to assess how, as a funded organisation and charity. we can enrich the lives of the residents in the geographical area w8 represent. Having demonstraled a rapld response to the Covid 19 crisls - through the supply of regular Yood and ess8ntlals' parcels, contacting the elderly and those in need of support, having a help line avallablè to th8 community. ensuring prescriptions are collected and generally visiting shops. chemists and medical cenlres for residents, TWRA continued to demonstrate a caring atlitude to those in most ne8d. When it was de8m8d safe to try and retum to a nomBI routine. TWRA encouraged residents to start getting out of the house again, to engage in community events and gatherings. Aqua Fit was organi5ed for senior citizens to counteract failing mental health issues, loneliness and a debilitating fe81ing of isolation brought on by th8 Covld crisis. The opportunity to m88t new friends. tak8 part In a healthy activity, to feel good aboul th8mselves and their indivldual situations was an absolutely tremendous success for this group and was massively over-subscribed. TRWA organbsed the Woodvale Festival 2022 - a very successful dlverstonary programme that has been running for some years. Over 9000 people from all over Northèm Ireland attended the 3 day festival. A family fun day. art programm&. football coaching, musical workshops was delivered and this festival was overseen by the PSNI. 8elfast City Council. Educatlon Authority and a Security Organisatlon that had employed local people who had tsk8n part in SIA training courses over the year. Local businesses were encouraged to take part in any way they could e.g. SUPPOrting the festival fnancially or supplying a service on Ihe day - lending and overseeing equipment. Support for the main groups assoclated with TWRA contlnued. The Women's group took part in 'fides' training and the 'Challenging Conversations, programme. Some of the group took part in a PortadownlDundalklDublin residential in which they visited Drumcree Church - the burial ground of William Twaddell, - they met with a local women's group from Dundalk, reps from the Gardai Siochana and some political reps. and they vlsited historical sites in Dublin. Good foundations were laid to work with groups from the Soutti of Ireland In the futurè. The Women's group also organised a Jubilee celebration for the Queen which was attended by over 300 people. They visited Crumlin Road prison for a tour of the prison accornpanied by an ex-prisoner. Information days were organised for the group. TWRA conlinued to support the youth group NBYG. Interventlon5 at the Lanark Way riots were organised by TWRA and some of the NBYG were actlng as intermediaries at Ihese interventions helping lo calm a very volatile siluation. TWRA facililated the Nl Proto1 Strategic Group In a conference - resulting In a detailed explanation of all issues connected with the Protocol. The organisatlon Continued its support of the AQE transfer tsst programme - thls programme provldes qualifted Teachers to tutor young people taking the transfer lest - parentsl support for the programm8 was fantastic. TWRA also maintained Its close relationship other communty organisation like ACT and Nl Altematives. Blackmountain Shared Space, Tessit. Epic. TWRA continue5 to support local people in housing. social. and domestic matters.
Twaddell & Woodvale Residents Association Trustees. Annual Report (conllnu Year ended 31 March 2023 Financial review The financial p8rformance ha5 increased from the prévious year with a surplus of £31.600 {2022: £7,855). At Ihe year end the unrestricted, free resèrves of the organisation amounted lo £52,688 whllst restrided reserves of £21,826 remalned available. Reserves policy and golng concern Reserves are needed to bridge the timlng gap between spending and receiving of income and to cover unplanned temporary shortfalls in incorne should they arise. Holding adequate resee5 safeguards the provision of our servic8s in the event of unexpected significant financial pressures. The trustees consider that the ideal level of reserves would be belween three to six months expendTrture which for the year ended 31 March 2023 would be between £70,721 and £140,842. TWRA delivers a range of programmes and seNiS arKI has been successful In obtaining funding from a variety of sources. The Management Committee have reviewed thè Charitys need for reseNes and consider that these are necessary: 1. To protect the charity against: late payrnent of grants by funders non-renewel of existing grants and so ensuring continuity of seNices whlle altemative sour¢es of funding are sorted or to allow a smooth and gradual wind4own of one or more services. 2. In circumstance5 where the is a redundancy. The equlvalent of three months annual revenue costs is considered by the Management Commlttee to be a reasonable target: amountlng to approximately £18.655. this figure as far as possible to be accumulated at a rat8 of £2.500 p8r year from 2017. Plans for future porlods To address underlying issu8S 8ffecting the Local Communlty. In particular. sectsrianism & dlvision, social disadvantage. educational underachlevement. Incr885e skills and capacity of Local People in order to meet challenge5 in Local Communty. Support the Regeneration & Inveslment plans for the local area. Consolldate Peace & Stabilty & Contribute to the Transfomation from Confflict to Peace in Northem Iland.
Twaddell & Woodvale Resldents Association Trustees. Annual Report fcontlnufyd) Year ended 31 March 2023 The trustee* annual report was approved on 13 November 2023 and sKJned on behalf of the board of tnjstees by: Colin Ander50n Trustee