Docusign Envelope ID.. B3870B6A-B8FE49C1-9EQA-E768120F8134 Markets Development Association Annual Report and Unaudlted Financial Statements for the financial year ended 31 March 2023 Quartar st Annè'9 House 15 Church Street Cathedral Quarter BT1 1PG Charlty Numbar: 107203 Docusign Envelope ID., B38T0B6A-B8FE.49G1￿Ec￿7B8120F8l34 Markets Development Association CONTENTS Page Trustees, and Other Information Trustees, Annual Report 4-11 ststement of Trust86s' Responsibilities 12 Independent Examlner's Report 13 Statement of Financia5 Activities 14 Summary Income and Expenditure Account 15 Balance Sheet 16 Notes to Ihe Financial Stat6ments 17-21 Markets Development Association TRUSTEES. AND OTHER INFORMATION Tru$tOg8 Mrs Aine Brady Ichairpergon) Ms Bernadette Dobbin {vi￿-ChaIrpersonI Mr James Mooney (Treasurer) Ms Annè Campbell (Secretary) Ms G8raldin8 Frèél Ms Tracy Conlon M8 Ann Donnelly Ms Fran￿$ McNally Ms Barbara Leathem MS Eimear Hargey Charlty Numbor In Northern Iral&nd 107203 Principal Address Markets Community Centr8 1 Market Street Belfast Antrlm BT1 &iD Indapgndent Examingr Quarter stAnne's House 15 Church Stre81 Cathedral Quarter BT11PG Prlnclpal Bankèrs Ulster Bank 11-16 Donegal Square east Belfast BT1 SUB CoQperalive Bank 18 Donegall Square North Belfast BT15GB Docuslgn Ernralopa ID: B31170B6A-B8FE-49G1-9ECA-E7fj8120F8134 Markets Development Assoclation TRUSTEES. ANNUAL REPORT ftjr the financlal yèar onded 31 March 2023 The trustees present Ih8ir Trustees, Annual Report. combining the Dlrectors. Report and Trustees, Rewrt, and the unaudited financlal stal6m&nls for the flnancAal year ended 31 March 2023. The flnanclal Statements are prepared In accordance wlth the Companles Aot 2(K6, FRS 102 "Th& Flnanolal Reporting Standard appli¢able in the UK and Republlc of Ireland. and A¢counling and Reporting by Chariti&s: Statement of Recommended Practie£ applicable to charllles preparlng thelr financial slalements in accordance with the Financlal Fiewrtlng Standard applrcable in the UK and Republlc of Ireland IFRS 102). The Trustees, R8POrt contains the informalion required lo bo provided In Ihg Trustees, Annual Report under tho Statement of Recommended Pracllce (SORP) guldelines. The trustees of the charity ar6 also charity trustees for the purp08e of charity law and under tho charity's ￿nstitUtion are ￿wn as members of the board of trustees. In thls report the tru8te88 ofmarkets Dèvelopment A550Cl8tlon present a summary of its purpos6, govemanco, activllles. achievernents and finances for the fina￿la1 yèar 31 March 2023. The charlty is a reglslered tharity and hence the report and results are presented In a form which complles with tho uirement8 of thè Companies Act 2006 and, although not obliged lo comply with the Statement of Recommend Practice applicable In tho UK and R8publlc of Ireland FRS 102, the organlsatlon has Implèm8nted Its reGommendatlons where relgvanl In Ihese flnanual statements. Migslon, Objeclives and Strategy Mission statement The Assoclallon is establish￿ lo help povety, ralleve slckness and the elderly. Also, lo promote the benalll of the Inhabltants of the Markets Dlstrict and its environs (hereinaftsr dèscribed as 'the area of benefit) without distinction OF ag8. sex, race, political, religlous or other opinion. by associating wllh statutory authorltles, voluntary organisations 8nd inhabitants In a wmmon effort to advance employment, educ81ion, and to provld8 fad11118s In the inleresls of social welfar8 for r8cr8atlon or oth8r18lsure-tlme oocupaticn wilh the object of Improvlng thè conditions of life for the said inhabitants. structure, Governance and Management structure The Market8 D6vdopmènl Assoclallon comprises of 14 Committee Members, 4 Full Tlme Staff, 1 Part Time Staff ICTI Support Worker) and a pool of 25-301(xal volunteers. The Market Development Association (MDA) was established in 1995 to promote the woll-being of all residonts living in the Market area of South BelFast. It aims to develop the community into on8 where peop16 want to Ilve, work, and socialise, The MDA seeks lo advoGgte on b6half of the Market communily on socio.gcornmic 188ues which Impact the residents, by adopting a community development approach. The MDA engages with statutory agèncles. government departments, political representatives, the prlvate soctor. and other stakeholders to advance tho development of Ihe Market area into a vlbranl and suslainabl@ inn6r-cliy worklngryclass community. Governan¢e Tho r6sponsibllllles of thg staff members range from engagemant, consullatlon, lobbying, advice and supporl, organising tralning and educational programmes, deliv8ring health and well belng projects, carnpalgni￿ ft)r houslng, progresslng the Market Regeneration Plan, organising public meetings. applying for fundlng for communily initiatives such a8 summer In16Nention programmes, seasonal feslivilies and environmental Pfoiects. In addition the MDA Is represènted on a varlety of Boards Including Sure Start, the Houslng Community Nelwork, the Inner South Belfast Neighbourhood Pathership and Ihe Cromac Regeneration Initiative, which is a Cross community enterprise with the Market, Donegall Pass and the Lower Omieau. The MDA wod(s for tho betterment of the Market area through partnership working and C0-p￿duCtIon of plans, projects and programmes wlth tha Market resldents. Revlew of Activities, Achievements and Performanco The MDA alms to empower Ihe local community through the promotlon of adive citizenship within tha communlty and In the city of Belfast. The MDA strives for equaliiy, and for promotlng a rights-based approach when dealing with th8 many SOGlO-eeA)nomlc Issues that impact the Market communlty. The organlsation works on the following cora oblecllv8s'. 1. Houslng 2. Children and Youth 3. Health 4. Communlly Cohèsion. Communlty Relations, and Community S8f8ty 5. Slr8tBgic Plannlng, Communit Infrastructure and Suslainabilily Docuslgn Envelo￿ ID: B3870B6A-B8FE-49C1-9ECA-E168120F8134 Markets Development Association TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 6. Education, Training, Employment and Employability The MDA takes a holistic gpproach to ta¢kling severdl, inledinked inequalities the area face8, rea1181ng that none of them Can be solved In isolation or without the active involvemenl of residents. This rekN)rt outline8 the progress made on thig work for the 202212023 flnanclal year. Communlty Wealth Bulldlng Our Community W8alth Buildlng 8trand lakes In both physlcal regeneration and economlc d9velopment projects. and ranges from support for individuals wilh employablllly tralnlng. through lo spatial planning and the development and delniery of18rge e¢onomlG regeneration projects. Regeneration & Economlc Development- we continued to devolop wider housing and economlc davelopmen14ed regeneration plans for the area. Th1$ included progressing ihe pre-applicalion discussion {PAD) for the Tunnels Project wllh BCC planners, wflning plan5 for the her118ge Centreltenement museurn experienoe al Sussex Place, and a social economy backpacker hostel. Several fundlng applications w8r8 lodged r8gardlng these prolecls, and the hostel secured outline planning, as part of a wlder parcel of land zonod for oommunity infrastNclure, and cooperative and social economy development. W& continuè to make steady progress on thls front. Stewart street- a particular highlight tr) dose out the year was securing the large sit8 at the luncllon of Stewart StreoVEasl Brldge Street for a housing-led regeneralion scheme, This site had been a concem for residents for ov8r 50 years, and over Ihe last decade was subject to an extendod planning dispute whiGh Saw Ihe community go through two plannlng committees. a judicial review, and an Inqulry by the Ministerial Advi80ry Group. The housing4ed regen8r8tlon wlll go somo way to meating the communlky's Sustainability needs, a wider clty housing need, and wider economic regeneratlon In th8 aroa, partl¢ularfy as it now unlocks th8 Tunnels Prolect. Employability Training Support.. in 2022r2023 92 r88idents were supported thrO￿h employabillty Iralnlng at a total ost of £33,500, This equates lo approximately 4QA of the local populatlon or 15% of households. 35 of those supported were women. 38Yo of trainees, at a cost of £14,700. or 44% of th8 total t￿ ining spend. The sectoral breakdown of the Irainlng support is as follows- x19 ConstTUCtlon x27 Hair & Beauty x2 Health & FFtness x3 Health & Soclal Care x3 Scionce, Math & Computing x28 Security x10 Other This training allowed residents to arn3 employment opportunitl88, SU8t8in employment and allow8d for career progression. It formed one a5pecl of the National Lollery Community Fund 8UPPOrted Communlty Transformatlon Inltlatlve. R8buikling tha Local Economy.. A survey was drafted based on a vafiely of sour(*s, such as YouGov po118 and Trad6 Unlon suNeys. The resultwas a 170-questlon suwey broken into 10 sections ￿VerIng a variety of issues relevant to 8conomlc life In the area. The survey was produced as a hard copy, and kn copies were distributed to each household in the area In a pack along wlth a cover latter. It was also 8vallable onllne vla Surveymonkey, The survey was launched in October 2022. Survey colloction look k)nger than origlnally Intended, due to adverse weather, resources being redirected to deal with the cost of Ilvlng @tc., and Ihus extended Into the late sprfro of 2023, Al (he close of the 202212023 financial yeBr sury8y collection w88 ongoSng. Housing 94 New Homes se￿re Planning- linking in with tho reg￿eratiOn oulputs above. the most significant houslng out(x)m8 for this financlal year was securing 94 new homes in the are8 at the BCC planning ￿MMIttee In June 2022 for th6 vacant land belween th8 cnmmunity and the Gasworks business park, which had previou81y been thè sit8 of some of tho oldest housing cortstructed in the Market a￿a. Residents had been campaigning for a housing-18d regenerallon of tho sltè for over two d8cadeB, and It represents one of the largest social housing developments In tha Inner City for decades.11 wlll have a slgnlflcant ImpaGI on redudng the local houslng waltlng list. Resid6nl Support.. W8 completed cases wlth 61 resldonts durlng the rewrting period with houslng specific requests. This includ￿ a wide variety of issues, damp on walls, roofs leaklng to moro serious cases like homelessness and environmental health Ihreats. In all (xses the resldent8 attempted lo resolvo tholr conc8ms through the relevant agencies. Flloslly Housing Executive, but met such obstacles that Ih&y requlred our advocacy lo find resolution. We use established links within and knowledge of the r61evant agencies sy8t6ms to help rosldents overcome the hurdles they encounter. EduGatlon Communlty EduGalion Programme. Building on Ihe success of Phase 1 of our Community Educatlon Programm8, the Market Development Associallon ran OCN Levels 1, 2, and 3 in Community Development and C8paclty Bullding, which helped bulld resldent's skllls to develop projects, organise events, apply for funding and lobby 8latutDry and Docuslgn Envelope ID: B3870B6A-B8FE49C1-9ECA-E7681ZOF8134 Markets Development Assoclatlon TRUSTEES. ANNUAL REPORT for the flnandal year ond6d 31 March 2023 political r8pre86ntatlve8. The developmentcours6 has b66n ramarkably successful amongst resldents wllh spaces being fi116d very quickly with a total of 13 completlng at lea8t one level. and 36 qualifications being galned In total. Th completion of all 3 has p￿)vided a pathway for re8idents to on and comp16te the Communliy D6v6lopmenl degree at Ulster Unlversity, whith 5 ofthem stsrted In Seplember 2022. Educallon Acllon Group,. Tho Educatlon Acllon Group has met throughout Ihe year, the group Is made up of staff, voluntee￿. r8sldent8, educatlon providers, youth provlders and QUB resear¢hers. The aim of the action group is lo develop a place•based approach to aducatlon locally to build on educalional attalnmenl and educallonal opportunltles locally. Surestart Play Area Upgradg.. we helped to Secure £20,000 in fundlng from All Stale as dov6loper contrlbullons. Thls was used by BCC lo upgrade the outdoor play area of the local Markot Sure Start Facility. The Market Sur& Start 58Nices are a vital provlslon In the area, for chlldren, young people and families and plays a key role In child dwelopment and family support. Thi5 fijndlro transformed a disused spa¢e Into one where Ghildren are now spending a lot ol tholr tlm&. Tho r8Storation cr8at8s additional resources for our young people and Improves the services which Sure Start can p￿Vide. The MDA campalgn8d for the devalopm@nt of a standalone Sure Start facillly. whl¢h was delivered in 2015. the all(￿atiOn of funding to further develop ils outdoor play fadllty was fYbOSt welcome. Enrichment Activities.. Following on from the initial planning me8ting8 With the MDA, w8 SUPPOrted St Malathy's GAC in developing and delivering GaeliG games fundamentals training. This has been hlghly succe8slul wllh weekly sessions Ih around 40 children allending each week aged from 5-8 years old. The club has recruited 5 volunt88rs lo run tho camps and Initiated parent-tO-coaGh workshops which have resulted in some local pa￿nts getting involv8d in the Sesslons, these Involved theoretlcal and praGlical trainlng which equippad the parents wilh the experience to help run and eventually take over thg sessions. We also supported the Glub in running a weeklong Cul Camp in Augusl 2022, whlch was attended by 50+ chlldren. Health: Market Health Action Group: The Markel Health A￿lDn Group w&8 established at the 8nd of 2022, wllh monthly meeting5 taking p18ce from then on, resulting in a steady momentum of programs and research devgloping. The Actlon Group Is made up of 7 Market residents, 2 MDA staff members and 6 Queens slaff. The firsl steps taken were to create a Health plan whlch has resulled In 6 fundamental areas of focus. Substanco Us6 EdU￿10n program: The Action Group has moved Carefully through 2 separate ￿-creatIOn sessions MAlh 35 resldents. Tha goal Is to dèvalop a programme that enhances th8 communlly's understandlng of the i88ue, learn ways to addre8s them. and then de8lgn solutlons thal flt the Market community and residents, own ￿rSon￿ circumstances. Many p80pI8 t8kiro part have had firsthand experlence wllh famlly m6mbers suFf8rlng from substance use and have used this to inform us along the way. We will hav8 fljrther codeslgn sessknns after this reportlng perlod Ih the aim of launching the program in early 2024. 35 residents p8rticipated In 2 workshop8 wlth 6 QCAP staff and 4 MDA stsff. Therapies.. From January to June 2022 the MDA tr￿￿81ed 3 health therapisls in the Community Centre every Monday momlng. Residents were invited to book a slot and benefft from free advic* and treatmenl from experts. We off8red raflexology, physlotherapy, massage, and aromalherapy. This involved 10 residents getting treatment every Monday, the project allowed for 90 dlfferenl resldents to benefit from the treatments during Ihe reporting period. The project was funded through the Houslng Executlve and Urt)an Vlllages as a trial run which will hopefully lead to more bein9 offered as part of a wid6r health Inllialiv6 In 2023. R&8ld8nl Support., Vvo had 15 rosldents whom we assist8d with health Issues. Th18 Included help registerlng wllh th8 cx)rr@ct medlcal faclllties, flndlng mental hoalth servlces ètc. Communily Organising & Engagement.. Community Transformalion Iniliativg: The Community Transformallon Initiallve Is an ongoing wmmunlly development programme aimed at generating transformative change in the Market communlly of Innér South Beffast. The Markel Is one of the most deprived communities in Belfast, featuring in th8 top 10% of the various NISRA Multiple Deprlvatlon Measures, Many of Ihese Inequallties are rooted in the structural marginali881ion of the area through urban developmenl pradices over the last 50 years. The CTI Wds deslgned through reflection on both the community's historical experIen￿ and the day-to-day reflecllon of communSty development practitioners on tyin9 to link the syslemlc cha118nges th8 communlty facos wlth the daily challenges experIen￿d by residents. The CTI has three broad slrands.. 1. Organlslng & Engagomènt 2. EdUCa￿On & Skills 3. Economlc Development & Employablllty Training. Much of the other aspects of our work covered in this raport are the outworking's of Ihgse strands, Community Action Groups: Th8 cor8 of thg Acllon Groups Is the exlsllng community infrastructure of NDA commillee m8mbers and staff working on that theme, Joined by residents Interested In Ihg area of work and starung to become more active in lh6 communily via the organi8ing efforts of th& Acllon Groups, and establlshed communlty slakeholders, such as the Primary School for the Educalion Aclion Group. and external sp8dall8ts wilh expèrtise in the area concerned. The latter has been assisted by the establishm6nt of a partnership wllh Queen8 Unlv8rsty. Queens Communities and Place (QCAP), of thiich more is written bel¢Jw. Docusign Envelo￿ ID: B3870B6A-B8FE-49c1-9ECA-E768120F8134 Markets Development Associatlon TRUSTEES, ANNUAL REPORT for (he financial year ended 31 March 2023 Communlty Clean-ups.. at the end of September 2022 our M8rket Cloan-up crew organlsed an area-wide (jean-up. 50 voluntaèrs took part, and there was a visible differenoe in the area afterwards. We also worked with the Houslng Executlv8 to gel damaged walls 2nd footpaths repalred, Cost of Llving Supp)rt, In the build-up to Chrfstmas the MDA look r8ferr81s for 100+ families in the area to support them during the Current cost of living crisis. Thls was delivered In conjunotion ￿th the Inner South Neighbouthood Partnership wlth fundlng from Belfast City Council vla the Departmentfor Communities. 120 households were supported utility vouchers, to a tolal value of £12,485, while an additional 26 ￿u$&hOld$ were supwrted wllh food voucher8, at a value of£2600. Christmas Hampers: We d81iver6d over 170 food hampers to every family in the Market with a chlld under the ag& of 18. These wer6 funded by the MDA and our partners In QCAP at Quegns Unlversity. This cost £4.833.10 and was a r8ai-tlme resportse to feedback given by familigs as part of th& research for the Gro￿ng Up in the Markel (GUIM) longitudlnal study being conduoted by QCAP. Resldent SupporL' W8 a$slsted 70 residents with a wide range of18sues, from fllllng in passport foms. support with 8mploymenl tralning 8tc. W8 asslsled resldents in 32 i%ses which involved th8 Departmont for Infraslruclure. These induded reportlng bl(K*ed gullies, trip hazards on footway8, pest infeslalions atc. We helped 12 rgsldenls wlth benefits advico and r8ferred a further 20 to South Belfast Advlce seTViCe, Festivals & Events.. Summer Intervenlion ProgTamme'. The MDA havo continued lo organise positive alternatives al cont8ntlOU8 dat&s over the summer months. This summer interventlDn Includ6s an away day on the 1st of July, 12th of July and 8th of August lo decrease the chance of antpsocial behaviour in the area. On July 1 st, the MDA organi5ed a tr(p to Spruce Meadows activlty fami for young people aged 11-1810 tske part in varlous actlvltles such as archery, tractor & and train rldes, lunlor & and senlor quad biking, clay pigeon shi)oling, paintballing, and bubbl8 footballlng & footyalf. This Irip 8ucces8fully docrèas8d ASB In the area wlth none occurring in and around the area at thls tlme. The trtp was funded £1500.00 by Belffast Clly Councll - Micro Grant. On July 12th, the MDA arranged a famlly trlp for 15010(21 adults and children to go to Tayto Park, County Meath. Thls included entry lo Ihe park and Iransport there and back. Tayto Park offers many activities to suit all ag88. includlng falrground rides, roller coasters, Ginemas, flight simulators. many play pad, and a farm which makes ft>r an enjoyable family day out. In August 2022, the MDA organised a trip lo Funtasia Therne Park for 170+ rosld8nts as an approach to reduce bonfire latod activities kncally. It was a positive alternative as it includ8d play areas, txazy golf, bowllng, an arcade. sky climbing. wall climblng, zip lines, falrground rldes as well as a waterpark. The8e trlps were part Df the Summer Intervention programme and succ&ssfully, Ihere were no disturbances lo(¥lly in Juty or August 2022. BDlh trlps were funded £2500 each by Belfast City Council's Medlum Grant and the remaining balance was famlly contributlons. Summer Festival.. The Summer Festlval 2022 a successful week-long programme with activi￿8 for all ages. The week included a party in the park: includlng bouncy castles, faoe painters, rides and food and drink wllh an allendance of approximalely 250- a cinema trip, attendod by 90 people. a pensioners outing to Newry and Warrenpoint lo visit varlous shops and mathets, attended by 60 senior citlZ6ns', an outing to Leys Go Hydro for young peopl8 aged 11-18,. 45 young people took lo Ihe waters and a family trlp to N8wc*le whero famili8S took part in independent acllvltles. all8nd8d by 70 resldents. The Market- A People's Hislory: The MDA and Pangur Ban partn&r6d to launch the first volume of hlstory of the Market in October 2022 in St George's Market with the hislorian Kieran Glennon. Kieran's rèmarkable research tells the story of the Market during some of the most turbulent years In mod&m Irish hlstory, from 1920- 1922, against the background of a City redlr)g from the aflermath of World War One, the ongoing Irlsh Revolutlon, and the reaction lo11 thal would lead to the partition of Irgland. Forthcomlng lilles in The Market- A People's History will cover th8 area's boxlng history, Its aKperience of an Gorta Mor, Irish languag& ￿ritage, and much mor8 bosldes. Halloween Paty.. On 31 st cktober 2022, the MDA hos18d a Halloween Party In the Markel Comrnunity Canlre. The party Includad arts and Crafts. games and activities, pumpkin carving, ref￿hMen(S and muslG. Dowslgn Envelope ID- B3870Be￿B8FE-49Cl-9ECA-E768120F8l34 Markets Development Association TRUSTEES, ANNUAL REPORT for Iho flnancial year ended 31 March 2023 Christmas Celebratlons- In December 2022 the MDA hosted Iwo Christmas c*lebratlons in the community. The first was a Christmas Dinnerfor tha Sènior CItF£ens of the area which included a 3 cour88 meal, tèalcoffee, music, ballots and blngo ￿￿th the aim to reintegrate10&91 pensioners Into th6 communlty post-covid. The event was funded by MDA'S unrestricted funds. Sècendly, the MDA Drganisod a Santa Clau8 VlSIt in the loca] playground forfamlli6s and young peopleto enw)y. The event included Santa 8nd his grotto. a vl811 from Santa's relndeer and friends, a Christmas train rlde, and refreshments. Thls event was funded by tho Belfast City Council - Park Event Grant. st Patrlck's Day.. Thg MDA St Patrick's Day evont is an annual activlty In St Malach￿$ Youth Club. whlch i¥ a fun day whioh indudes face palnlers. hair brakllng. traditional Irlsh music, inflatables, fTr)d and r6fr6shments. The evant wa8 funded In-￿nd wth An Drolchead providing elements. voluntèers and comm1tt88 provlding activities and Inflatable provision donated as a on8woff gesture. artnersh, Queens Communities and Plac& {QCAP)'. our QCAP partnership with Que8n's Unlvarsily Belfast (QUB) continues to prosp8r. The Market Is the communlty, place-based QCAP approach Is belng piloted and is unlquely pla￿d to utilise Ihe expertise and Influence of QUB to fundamentally change outcomes in the area. The work of QCAP Is partloularly ellgned with the health, education and work 8lrands above. and has played an actlve part In the commLfnily aclion group8. As a ras&arch-based pro1￿1. much of the work will take Ime to bear fruit,. of particular note for 202212023 was the launch of the Growing up in Ihe Market (GUIM) study. This extonsive. longlludlnal study involves over 60 Child￿ and thelr parents. and Is tra¢klng the children's pr￿reSS over several year5 in relation to key transition polnts in their edU￿tIonal and posl-education81 IIF6. The study will help Identify what works and what doesn'l in th8 I(￿al educational landscape, as well as rnaking real time interventions in areas of pressing concom. Th8 project completed its firsl year of participant interviews in Ihe summerof 2022. Inner South Belf8$t NeighbourhoLNJ Partnershlp: The MDA Ls a board mamber of the Inner South Neighbourhood Partnershlp. along wllh group5 from tX)ngJall Pass and the Lower Ormeau. We asslstwllh the nnirE of tts 4 sub-group:. Building Communities Economic Dgvdopment Education & Youth 4. Heaith & Wellbeing The cross-communlty body meg18 th￿ughOUt the year to share Infomialion & coordinate activities betwean the 3 areas with some re(tnt highlights being the Fuel Support scheme that saw many Market families benefft In difficult finan￿81 times. Four MDA 8taff members are Involved across the subgroups, 81ong ￿th one resldent. 24 meetings organlsed during the year Involving 68 members, 41 of whom are community and 27 statutory representatlv8S. Cromac Regeneralion Initiative {CRI)'. is a sociai economy pro1￿1 co-owned by th8 Market Development Association, Lower Ormeau Residents Acllon Group and Donegall Pass Communlly Forum, as the lead communlly-ba8ed regenerallon leads in their respective communities. It transforms a historlc Interface site at Ihelunotion of Donegall PasslOrm&au Road Into a cross-communlty prolecl where residents and organlsallons from the thre& areas work, organise and educate togelher. The CRI Building Is fully occupied al present. The last audited acoounts show Ihat the assel was valu8d at £1,005.000 and the balance has been growlng ov8r that tlme and In the last audlt8d accounts sits at +£30,631.61. Félle na hAbhann'. along wlth our communliy partn8rs In the Short Strand and Lower Ormeau Road. w8 delivered the tliird annual 'Festival of the River,, This was a trgmendous succoss, and 15 growing year-on-year, quickly establishing itself as a highlight of the summer months In Belfast, despile its recent provenancè and IhE) inablllly to organise It in what would have been its second year in 2020 du6 to th8 threat of the oovid-19 pandemic. The highlight of the programm8 was th8 caTnlval along the towpath itself on Sunday 7th August. Docusign Envelope ID.. B387oB6A-B8FE49CI-9EC￿E788I2OFSl34 Markets Development Association TRUSTEES. ANNUAL REPORT for the financial year 6nd&d 31 March 2023 attended by in excess of10.000 p80pl8. This was followed by a traditional musi¢ ¢on¢ert in St George's Market on Monday 8th Augustwtth some of Ireland's finest musicians. The concert Sold￿ul, with over 300 p￿pIe In allendance. Faile na hAJ)hann offers a dlverse, @nloyablo and acc6sslb16 programm8 for Inner City communliles. Including the Market, for whom such adivilies are usually an unaffordable luxury. Its continued success demonslratos thg appetite for 8uch activitie8 wilhln the communlty if Ihey are made acc8sslble and affordable. Financial Revi6W The results for the finandal year are sel out on page 14 and additional notes are provided 8howlng Income and expenditure in greater detall. Results and Dlvldonds At th8 end of th8financi81 year the chartty has assets of £47,802 {2022- £edJ,857) and Ilabllities of £1,300 {2022 - £500). The nel assets of tho oharlty hav6 dacrea88d by £(13.855). Docuslgn Envelo￿ ID: B387oB6A-B8FE49C1-9EC￿E768l20F8l34 Markets Development Association TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Objectives Looklng Forward: Plans for the 202312024 Financial Year Community Wealth aulldlng: We wlll c108e off ￿lleCt￿)n of th8 Rebulldlng the Local E¢x)nomy suNey and dlgitlsè tha paper copies returned, This will help infomi the work of the Con)munily Weallh BuildirvJ Action Group. Housing: We look forward to the ￿MmenceMent of the constructkjn of the 94 new 7￿me8 In the year ahead and will work lo maximise cDmmunily beneflt throughout the Ilfe of th8 scheme. Educatlon.. STEAM Program.. Th6 MDA are currently mealing with QCAP regardlng the plan to organlse a scienc84)2s8d summer sch8me for young pèople agéd &12. Tha aim of this is lo Introduce young pèople, who oth@Nlse would not have the opportunity, to delve into Ihe world of soienGe. technology, engineering. arts, and maths creating pathways into education and employment from an early age. Community Education Programme.. After the success of the Community Development OCN students attending the degree In the Unlverslty of Ulster, we hop8 lo ¢ontinue wllh thls typ8 of educallonal work. We are currenty exploring other pathways for residenls to get b￿k lo and build on thelr education and exploring opwrtunilles for resldenls lo lake part in course5 Ilkè th6 Communlty Dovelopmanl OCN and d6gre8. The Educatlon Action Group aims to meet on a bi-monlhly basis and LX)ntinue to work on a local education slrategy and work with QCAP to develop a plaC￿based approach to providing opwrtunities. Health.. The work strands of the health plan have all been d9veloped these past 12 rnonths wlth ¢onslstent input from resld6nts gulding th8ir creation. We Mrill continue wlth this co-creation strategy throughout 2023134 and eXp￿t more resldont lead Inltlatlvos lo sprfng out of thè Health Actlon Group. Famlly Support Group.. we mad8 plans lo establish a group which will include a facilitator and residents who have famlly m&mb8rs that have probloms with substance use. The aiTn is for the group to receive training end capacity building so they Gan become 8elf-8uslaining. We hope leaders will emerge from it to help establish further groups over Ihe nextfew years, Meeting on a weekly basi5 & supported by a professional fa￿lItatOr the members will recetve training in how to cope better with family members who have substance use issues. The group have a150 been co cr&*ing on the heallh plan end will support the creation of a second family support group. The group will also assist us ￿th setting up 8 male only FSG whlch we hope to have started by eady Spring 2024. Communify Organislng & ENJagemont'. W8 wlll continuo to organlse and anoage ￿th resld&nts in a varlety of Innovative ways. Festivals & Evenls: The MDA ha5 pursued varK)us funding Streams to continue the annual festivals and progr8mmes with the 8im lo build on existing programmes and grow bigger, induding Christmas, Halloween, Summer Intervention, Summer feslival and Sl Patrick's Day. Partnerships- We wlll conlinue lo play an actlve part In all the p8rtnershlps we parkndpale In. Féile na hAbhann'. The Féile na hAbhann rneets Éhroughout the year and plans for Féile na hAbhann 2023 have rx)mmen¢ed wilh the Initial fundlng application ￿Ing submitted and projecled (x)sts and activilies in place. Again, this Is something that the partnership aims to grow on a yearly basls. Creative Communitles.. QCAP has submVLtsd a fundlng applicatlon to the Arts, Humanlties and Research council for a Creatlve Communlties programme - thls wlll aim to lad(le issues surrounding legacy, trauma and substanc& use using 10 tlo¢uSign Envelope ID.. B3870B6&B8FE49CI-9ECA-E768120F81 Markets Development Associatlon TRUSTEES, ANNUAL REPORT for the financial ye8r ended 31 March 2023 Resems Position and Pollcy R8s8rves are needed to bridge the gap between Sp￿d1￿J and ravlwmng Income, to cover unplanned emero6ncy repalrs and olhbr unforeseen expenditure. In the Truste8's vi8w. th8 res&rv&s should pro￿de the chartty with adequate financial 8tablllly and the means for it to meet il's chariiable activities for th8 for6s6èable futur8. The unrestricted re5eN88 of Mark&ts Developmonl Associatlon as at 31st March 2022 were £4,524. A(tass lo Ihe unreslricled reserves would requlre the disposal of tanglble fixed assets. The charlty has re8tr(cted reserves lotalling £55,833 as at 3181 March 2022. Trustees The Irus160s who S8￿ed throughout the financlal year, except 8s not￿, wer8 a8 follows.. Mrs Aine Brady (Chairper8onl Ms Bemadelte th)bbin Ivic&Chairper8on) Mr James Mooney (Treasurer} Ms Anne Campbell (Secretary) Ms Geraldine Freel Ms Tracy Conlon Ms Ann Donnelly Ms Frances McNally M5 Barbard L8alhem Ms Eimeer Hargey Siobhan M¢Donnell Claran Hargey Sean Mcglll Anthony Qulnn In accordance wllh the Constitutlon, the truslees retire by rolation and, bdng diglble, offer themselves for re-election. Compliance wlth Sactor-wlde Leglslatlon and 8tandard¥ The charity engages pro-actlvely wlth legislation, standards and codes whiGh are developed for the $8clor. Markets Development A8soriation subscribe8 to and Is compliant with Ihe followlng.. The Cornpanies Act 20( The Charities SORP (FRS 102) Volunteers Markets Developmenls Associatlon is run on a day lo d8y basLq vla paid staff. However, due to Ihe nature of the organlsatlon belng establlsed by and for the communtiy, the charity relies on unpaid volunteers lo help wilh the smooth running of events via promotion, allendance and hands on help. This culture Df volunte8ring Is alway5 encouraged by charity as we vi8W the prolocl as a cltlzen's project. 31-Jan-2024 Approved by tho Board of Trustoes on and 3igngd on 5ts beha￿ by: Ine Brady (Chairperson) Trustae Mr Jamès Moon•y {Troasurer) Trustoè 11 t)o¢uSlgn Envelope ID.. B3870B6A48FE49C1-9ECA-ET68120F8134 Markets Development Association STATEMENT OF TRUSTEES, RESPONSIBILITIES for tha financlal year ended 31 March 2023 Th8 trustees, who are also dI￿torS of MarkBts Developmènt Assodallon for the purposes of company law, are responsible for preparing the financial slalemenls in al￿ordanCe with appll¢able law and regulalions. Company law ￿uIreS the tr(J8tees as the directors lo prepare financial slat8m6nts for each flnancl81 ygar, Under that law the trustees have olected to prepare the financial statement8 in ac￿rdanCe wllh Unlted Klngdom Generally Accepled Accounting Practlc& {Unlted Kfngdom Accounting Standards and appllcable law) Includlng FRS 102 The Flnancial Reporting Standard applicable In th8 UK and Republic of Ireland" Section 1A (Small Entlties). UrKler company law the trustees musl not approve Ihe financlal statements unl&ss they are satisfied that they give a truo and falr vl8w afthe stata of affalrs of Ihe company 8nd of the profit or loss of the company for that period. In pr8parlng these financlal slalements. the trustees are required to.. seloct suitable accounllng polioles and apply them consi8tently' make judggments and esllmales that are reasonable and pnKlent', stale whether the financial 8tatemgllts have been prepared in accordance wtlh thè relevanl fInar￿jaI rewrting framework. idenlify Ih08e standards. and note the effect and tho reasons for any material doparture from those standards,. and pr6pare the flnanGial statement8 on the going concern baslg unless It18 Inappropriate to presume that the chaty wlll conttnue In operatlon. The trust8es conflmi that they have E￿IMplIed with Ihe abovè rÈquirements In prgparlng the flnanoial stalements. The Iruslees are re8ponslble for keeping adequate accounting records that are sufficlent to show and explain the charily's transactions and dlsclose wth rewnable accuracy at any tiTne th8 fin8ncial posltlon of the charlty and enable them to ensure that the finanual 8tatemonts comply wllh. They are also responsible for safeguardlng the assets of the charily and hence for tsking reasonable steps for th8 prevontlon and detection of fraud and other Irregularities. Approved by the Board of Trus¢ees on 31-Jan-2024 and slgned on its behalf by: Mrs Aino Brady {ChaIr￿rson) Trustee Mr Jam8s Mooney (Treasurer) Trust08 12 Docustgn Envelope ID,, BS870BQ￿B8FE.49Cl.9&C￿768120F8l84 Markets Development Association INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF MARKETS DEVELOPMENT ASSOCIATION We have examined the financial statem6nts of the charity for the Ilnanclal year Èndad 31 March 2023, whlch comprise the Sialementof FinanGlal AGiivilies, the Summary Income and Expendlture Account, the Balafico She81 and the ralated notes. Thls report Is mad8 solety lo the charfty's mèmbers, as a body, In accordanGe with Chapler3 of Part 16 ofthe Companles Act 2c￿6. Our work has been undertaken so that we mlght comp118 the financial stalements that we have been engaged to compllè, raport to the Board of Tnjstèes that we have done $0, and state those matters thatwe have agreed lo slale to them in thls report and for no other purpos6. To the full8816xlent permlttod by law, w8 do not 8c¢ept or assume responsibility to anyone other than the charlty and Ihe eharitls members, as a body. for our work, or for th15 report, Respectlve responsibilities of trustees and oxamingr The charfly's tNslees (who are also the directors of the company ft)r the purposes of company law) are responslble for the preparatlon of the finar￿la1 slalements In accordan￿ with the requirements of the Companies Acl 2006. The charlty'8 trustees consldorthal an audlt Is not r8quired forthls financlal year underchapter 3 of Part16 of the Cornpani6s Act 2006 and that an Indapendenl examlnallon is r6qulrad. 11 Is our responslbillty to,. examine Ihe financial sLgtemenls under section 65 of the Charities Act,. follow Ihe prO￿dureSIe1d down by Ihe gelleral Directions given by the Charlty Commis81on for Northern Ireland under section 65{9Mb) of the Charities Act,, and stale whether particular matters have come trj our atlenlion. Basls of Indèpendent examlnevs report W6 h8ve 6xamlned your charlty financial statements 88 requlred under section 65 of the Charities Acl and our examinallon was cathed Dut In accordanco with thè gèneral Direcllons glven by the Charlty Commission for Northem IrelarKi under section e5(9)(bl of thg Charitie8 Act. An examlnallon Includes a revi8w of the accountlng records kept by the Gharify end a comparison of the financial slalem8nts pres8nted wllh those records. It also includes ￿nsIderatIOn of any unusual ilems or disGlosures in the financial statements and seeking 8xplanatlons from the trusteès concAmSng any such matters. The procedures undertaken do not provide all the evid8nc8 that would be requlred In an audit and consequently no oplnlon is glven as to whether the 8¢counts presenl a 'lrue and fair, view and the report 18 limilod to thos8 matters set out In the statement bek)w. Independont èxamlnorfs 8tatomonl In connecuon wlth our examlnatlon. no mattor has com8 to our attentlon whl¢h glves us cause to believe that in, any material resp8cI'. ac(￿untIng ￿￿rdS wore not kept in accorfance wlth sectlon 386 ()f the Companies Act 2006 the finanGial slatewneT)ts do not accord vwlh those a(xounting records the financial slalements have nol been prepared in aC￿rdance with the accountlng requlrements of section 396 of the Companies Act2006 and with the methods and principles of the Statement of Recommended Pracllce applicable to chartties preparing their accounts in accordance wilh Ihe Finanoial Reporting Standard applicable In th& UK and Republic of Ireland there Is furlher Informatlon needed for a proper undgr818ndlng of the acGounts lo be reached. Wo hav6 no concerns and have come across no other matters in connectlon ￿th the examlnatlon lo which attention should bo drawn In this rèport in order to enabla a proper understanding of the financial slalemenls to be rea(*)ed. QUARTER St Anne's House 15 Church Street Cathedral Quarter BT11PG Date: . 13 Do¢uSlgn Envelope ID: B3870B6A-B8FE49C1-9ECA-E768120F8184 Markets Development Association STATEMENT OF FINANCIAL ACTIVITIES for the financial y8ar 8nd8d 31 March 2023 Unre5trlcted Re8trlctsd Funds Fund8 2023 2023 Total Unrgslrlcled Restslct8d Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notos Incomè Charlt8ble aotlvllles Grants from govemrnents and other co-funders 33,315 270,801 304,118 266,33B 266,338 Expendlture Charltable actlvllles 46,848 271,123 317,971 6.998 242,885 249,883 Nèt Inconwl(expendfturel (13,533) {322} (13,855) (6,998) 23.453 16,455 Transfer8 ba￿en fund8 Net movement in funds for the flnan¢lal year (13.533) {322) (13,855) (6,998} 23.453 16.455 Raconclllallon of funds: Total funds boglnning of the year 12 4524 55,833 60.357 11,522 32,380 43.902 Total funds atthe ond of the year {9.009) S5￿11 46,502 4,524 55.8&8 60.357 The Slatemenl of Flnan¢lal Acllvllles inGludes all gains and10s8es re￿nISed in Ihe finanGial year. All income and expendllure relats to contInulr￿ aotiv5ties. The notes on pag8s 17 to 21 form part of Ihe finanual statements 14 Do¢uSlgn Envelope ID= B3870B6A-B8FE-49G1-9ECA-E768120F8134 Markets Development Association SUMMARY INCOME AND EXPENDITURE ACCOUNT for the flnanclal year ended 31 March 2023 Statsment of Financial Activities 2023 2022 Gross Income Unrestricted funds Restrlcted funds 33,315 270,801 304,116 266,338 Total income Total expendlture 304,116 1317,971) 266,338 (249,883) Not Incom￿l0Xpend1tUre) {13.655) 16,455 The charity has no recognised gains or losses other than tho r6suIts for th8 financlal year. The re8ulls for the financial year have been calculaled on the historical cost basis. Th& notes on pages 17 10 21 form part of Ihe finaAoal 8tstgm6nts 15 Do¢uShJn Envèlopè ID.. B3870B8A-B8FE-49CI-9ECAE768120FB134 Markets Development Association Company Number: BALANCE SHEET as at 31 March 2023 2023 2022 Noles Flx8d Ag86ts Tangible a88ets 2,318 3,090 Current Assels Debtors Cash at bank and In hand 17,938 27,540 19,825 37,942 45,484 57,767 Credltors: Amounts falllng due wlthln one year 10 {1,300) {500) Net Current As3et¥ 44184 57,267 Total Assets less Current Llabllltles 46,502 60,357 Funds Reslricled trust funds General fund {unrestricl8dl 55,511 19,0091 65,833 4.524 Total funds 12 46,502 60.357 Thes8 financlal slalements have been prepared In aco)rdance with the spe(Mal provisions relating to small ￿)mpanIeS wlthln Part 15 of th8 Companlgs Act 2006. For the financi81 year ended 31 March 2023 the charlty was entitled tr) ￿emptiOn from audll undèr section 477 of the Companies Act 20(K', and no notice ha8 been d8poslted under secllon 476. The trustees confirm Ihat the members have not required the company to obtain an audit of its financial statamenls for the financial year in queslton in accordance ￿th section 476 of Ihe Companies Act 2006. The Irustees a¢knovAedge thdr responslbilllles for ensuring that the Gharity keep$ accounting r￿)rdS comply wllh sectlon 386 and for prepadng finandal slalements whlch give a true and fairview of the state of affairs of the charily as at th& 6nd of thè financlal year and of Its profft and loss for the financial year In accordance wlth the requirements of secllons 394 and 396 and whlch othorwlse comply with the r8quirements of the Companles Act 2006 relatlng to financial statements, so far as applic8bl8 lo the charlty. The financial 5tatemgnts have beell prepared in accordance with the pmvislDns appllcabl8 to companles subject to the small companies, regime and in accordance with FRS 102 Yhe Financial R8POrting Standard appllcablo In th& UK and Republic of Ireland", applylng SeGtion 1A of that Standard. Approved by the Board of Trustees and authorfsed for issue on behalf by 31-Jan-2024 and sign9d on Its Mrs Alne Brady (Chalrperson) Trustee Mr James Moonoy (Treasurer) Trustee Thg notes on pag6s 1710 21 form part of the flnancial statsmenls 16 Docuslgn Envelope ID.. 83870B6A.B8FE.49C14ECA-E768120F8134 Markets Development Assoclatlon NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 31 March 2023 GENERAL INFORMATION Markel Developments Associolion is a regisl6red charity in th8 Unlled Klngth)m. The r6gistèred office of th9 charity 15 1 Mart 60,357 113,855) Al 31 March 2023 19,009) 55,511 46,502 20 Docuslgn Envebpe ID.. B3870B6A-B8FE49C1-9ECA-E768120F8134 Markets Development Association NOTES TO THE FINANCIAL STATEMENTS contlnued for the financial year ended 31 March 2023 22 ANALYSIS OF MOVEMENTS ON FUNDS Balanco 1 Aprll 2022 Income Expenditure Transfers between funds Balanco 31 March 2023 Restricted funds Nalional Lottery Community Fund 88lfast City Council Dopartment for Communities Other restslcted funds The Executlva Office 10,001 17,336 66,476 51,494 110,176 18,784 23,871 76,476 50,494 92,312 38,970 12.871 18,338 17,864 8,310 11,000 28,496. 55,833 270,801 271.123 55,511 Unrestricted fund$ Unrestrfcted General 4,524 33,315 46,848 {9,009) Total funds 60,357 304.116 317,971 46,502 12.3 ANALYSIS OF NET ASSETS BY FUND Flxèd a88etg charity usg Current ass&t8 Current Ilabllltl88 Total Restrlcted trust funds 21.743 33,768 55.511 Unrestrfcted gonoral funds 2,318 23.741 (35.068) (9,009) 2,318 45.484 (1.300) 46,502 13. POST-BALANCE SHEEf EVENTS There have been no slgnmcanl events affecting the Charity since the financial year-end. 21