Markets Development Association TRUSTEES, ANNUAL REPORT for the finanGlal year ended 31 March 2024 Th6 tru8lee8 present their Trustees, Annual Report, combining the D1￿ctorS, Report and Truste￿, Report, and th& unaudited financial statements for the flnancial year o￿led 31 March 2024. The financial statements ara preparad in accordance wllh the Companies Act 2Wfj, FRS 102 Yhe Flnancial R6porttng standard applicable In the UK and Republic of Irèland" and Accounting and Reporting by Charflles.. Statwanl of R80)mmended Pracllce applicable to challties preparing their financial statement8 in accordance with the Financlal Reportino Standard applicable in the UK and Republlc ol Ireland {FRS 1021. Tha TNstees' Report cDnt8ins Ihe inforrnaiion required to be providèd In Ihe Trustees, Annual R8POrt uThler Ihe Statement of Recommended Practice ISORP) guldellnes. Thè trustèes of the charity are also charlty trust99s for th& purpose of charity law and under the chaNIy'8 con8titulion are known as members of board of trustee&. In this reportlhetrustees of Markets Development Assoclallon present a summary ol its purpose, govemanc8, activities, achievements and finan￿8 for the financial yaar 31 Malrh 2024. The charity is a registered dwrlty and hence th8 report and r@sU￿S arg presented in a form which o)rnplles wllh t requirements of th8 Companl&g Act 2006 and, although nol obliged to comply with the Statsmenl of Recommended Practi￿ appIl￿ble in the UK and Republic of Ireland FFIS 102, the organisatton has Implemented Ils recommeThJation8 where rel8vanl in Ihese finanaal ststements. Mlsslon, Obléctlve8 and Strategy Misslon StsteThent The Association is e8t8blisheLI to help poverty. reliove sickness aThJ Ihe eldety. Also, to prcmnole the benefil gf the Inhabitants of the Ma￿et9 District and environs (hereinafl@r de8cribed as.the area of benefill wlhout dlsllnctlon of age, *x, raca. pollttcal. rellglous or other opinion, by 8ssocialing with ststutory authorftles, voluntary organisation8 and Inhablt8nts in a common effort to advan￿ employment education. and to provld8 facilities in the inlerests of social welfrdre for recrtation or other leisure-lme ottAJpallon wtlh the object of improving the condlttons of lits for th& satd inhabllants. OhjeGtives Loo￿ng FoNard: Plan8 for tha 202412025 Financl81 Year Community Wgalth Bulldlng.. Capital Projects., we loak fO￿ard to se¢urlng full plannina p8rmi88ion on the Tunnals Prolect in the year 8head,' we also aim tu advan¢9 the hostsl prdect through the pl8nning ￿teM and to complete the purchase of Ihe Convent School. We wlll also comm9n(* the community engagement on specific devol¢pmenl sites in th8 community to feed into an ar6a regeneration plan. Houslng: The 94 ngw hom88 on the Gasworks sile should near completion of tha conslrucllon pha8e by the end of 24125. We will continue to work with resldenls to Idonllfy thelr housing needs and supportthem in a¢¢essing se¢ure affordable housing, We wlll also begin codeslgn se88ions with the Gommunity and relevant slatutory bodles re tl housing led reg8neration of th9 Stewart StrBet site. Edu¢ation.' STEAM Program.. The MDA are currenlly meeting with QCAP regardlng Ihe plan to r8-organi88 th8 program for young p@ople aged 8-12, with the alm lo introduce young people, who Dthenmise would not have the opportunity, to delve into theworld of sdence, technology, engineerlng, art8 and maths creating pathways into ￿UcatIon and employment frorn a young age, building on th6 succe89 of the 23124 STEAM Schem8. Communlty Educatlon Programme.. After th@ succe$¥ of the Unblocking Potential students atknding the degree in the Unlv&rsity of UL5tsr, we hope to continue with thls type of educatlonal work. We ar6 currently exploring otsr pathways for regldenls lo get back lo and bulld on Ihelr edu¢ation and exploring owortunities for r8sldents to take part in cour808 simllar tr) the Unblocklng Potential ¢our8e, Communlty Development OCN and degr0e. The Education Adlon Group aims lo meet on a bi4nontrty basls and continue to work on a local ￿lUCatIOn stratsgy and work with QCAP to develop a platse-b8s8d approach to providing Oppo￿nities. Creative Communit￿8,. We wlll laun¢h the exhibltlon ol our Creative Communltie6 programme in Aprll 2024, lollow9d by a toolkit launth and a community play later In the year. Research Olrtputs will also be publishéd as part of the project Th8 Educatlon Action Group- tho Education AGtion Group wlll C¥JnmenGg an Intensiv8 community codesign process in the 24125 financial year. Health.. The work Strands of the health plan have all been devglopèd and w8 arè well progressed on 5 out of 8 section$, We will contlnue wlth this Go-creatlon strategy throughout 2024125 as we engage with th8 young paople in the Community and so 8xpect more residellt lead inilialivos to Spring out of the Health Actlon Group. 8 Market residents, 2 MDA staff memberg and 6 Queens ¥taff. Family Support Group.. we ha￿ establish￿ a group which Indudeg a f8cilltatorand r8sldents who havé family members that havè problem8 with Substan￿ use. The group have recelved training and capacity building 80 they can becom self-sustsinin Wo h¢ e kaders will 8m8 e from It lo hel e8tablish furlher rou s over the next lew y&ars. Ma6ting Markets Development Assoclatlon TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 on a weekly ba8is & supported by a profèssional facililalor the members will receive tralning in how to cop0 bgttgr wSth family membets who have Substance use issues. The group have also been co Creatlng on the health plan and wlll 8UPPOrt the ¢realion of a second famlly support group. The gro￿ will also a$slst us wlth setting up a male only FSG whlch we hopg lo have started by eady Spring 2024. 10 residents, 1 MDA staff, 3 QCAP stsff Communlty Organlsing & Engagement.. We will continu8 lo organl8e and engag8 with r8sidents In a vartety of InnoVat￿e way$. We aim to Secure the fvndirvJ lo commence Phase111 of the Community Transformation Initiativ&. Festlvals & Evants.. The MDA has pursued varlous fvndlng streams lo continu9 Ihg annual festlva16 and programmes wlth the aim lo build on existing programme8 and 9row bigger, in¢ludlng Chrlsknas, Halloweèn, Summer InleNention. Summer fesdval and St Patiick's Day. as wall as a¢crulng a naw oohortof volunteers that have actively become involved to help organis8 and co-de8ign upcoming f6slivals and evonts. Partnership8-. We will ￿lt[Thu8 to play an actlve part In all lh8 partnership8 we participata In. Queens Comrnunilies and Place.. We look forward to continuing our p8ttnership wilhQGAP, and the year ahèad should see a broadenlng of ils output as our Community Wealth Building strand teglns a more Intènsive public phasè lo compliment the work of the educailon and health strands. Félle na hAbhann.' The Féile na hAbhann commiltee meets throughout ts year, and plan8 for Félle na hAbhann 2024 have commèncèd with the initial funding application belng submltted and prcyected costs and activities in place. Again, Ihls is something that Iha pathership alms to grow on a yèarly basls. Cromac Reg&neration Initiative.. w@ aim to carry out a condition survey of GRI buildiro, as well as a SROI on ILS soual impact over tho firsl dgcado of its operations. Thls will sgNe as Ihe basis of developlng a strategic plan for the next decade. ISBNP.. we will continue to play an activ8 rolg in the ISBNP, WOTking with our partners In Donegall Pas a￿1 Lower Ormeau to advan￿ the quality of life for all the communlty In Ihls part Df the Inner Clty. 8tructure. Governance and Managgment Structurg The Markets Devolopment Assodalon Gomprfses of14 COMM￿88 Memb8rs, 4 Full Tlme Staff. 1 Part Tim& Staff ICTI Support WDrker} and a pool of 2MO local voluntsérs. The Market D8v8lopmgnt AsSOa81ion (MDA) was e8tsbliyhed in 1995 to promote the wellkning of all r•sklents living in the Ma]ket area of SoLrth Belfast. It alms to develop the Cornmun￿ Into ong whore wpla want to live, work and socialise. The MDA seeks to advocata on béhalf of the bjlarket community on socio-economic issues whlch Impact the r881donts, by ￿0ptIng a community development approach. The MDA engages with statutory agendes, govemm&nt deparbronts, political representatlves, the private sector aTrJ other stakehold@rs tr) advanr£ th8 development of Ihe Market area into a vibrant and sust31nab18 inner-clty working-cla88 community. The MDA aims to empower local community through the promotlon of arlive Gitlaenship within Ihe community and in the clty of Bglfasl. Th6 MDA strive8 for equallty, and for promatlng a rSghls-based approach when d8aling with the many 8DClO-econDmiG Issues Ihal impact the Mark8t community. Governance Th8 respon8ibilittes of the staff mambers ranye from engagemort consultation, lobbying, adviog and support, organising training and edwtional programmes, delivering health and well belng projects, campawJnlng for hr)using, prryrassing tho Market Regeneratton Plan, organising public meatings, applylng for funding for Qommunity initiatives such as 8umm&r Int8tV8ntion w)grammes, sea8on8I festivili6s and er)viron￿e￿IaI projects. In addition the MDA1s rgpresentpd on a varlaty of Boards induding SU￿ Start th8 Housing Community Ne￿{ark, the Inner South Bèlfast N8ighbourhood Pathership and the Cromac Regeneration Initiative, which is a cross cL4nmunlly ent8rpri8e with the Matket, Donegall Pass and the Lower Omeau. The MDA works for the b8ltervn6nt of the Mawket area through partnership WOTklng and co-productlon of plans, proieots and proorammes with the Market residents. Review of Activities, Achievements and Performance The organisation works on the following core objectlV88: 1. Housing 2, Children and Youth 3. Health 4. Community Cohgslon. Cornmunity Relations aThJ Community Safety 5. Strategic Planning, Cr￿munItY Infrastru¢lure and Sustainability 6. Education, Training, Employment and Employabilty The MDA takes a holi8tlo approaGh to ta¢k5irvJ 8ev8ral, interlinkod inequalltles th9 area faG8s, realising that non8 of them be solved In18olallon or without the active involvement of resldents. This teport outlines the progress made on this work for the 202312024 financlal year. Community Wealth Buildir Our ComTnunlty Waalth Bijlldlng strand lakes in both physh21 r8g8neration and economic develorrtnent projects. and Markets Development Association TRUSTEES. ANNUAL REPORT for the financial year ended 31 Marth 2024 ranges from support for Indivldua18 Wlth employabllity training, through to spatial planning and the da￿k)pment and dalivery of large economlc regeneration proje¢ts, Regeneratlon & Economlc Development St6ady progre$8 was mado on the r6ganorallon front th15 yearwith commencement of construction on 94 new homes ts the SQLrth of the aréa (see hou8ing, below). The Tunnel8 projeGI also made headway a5 8 full planning appllcallon was lodg&d In Octobar 2023 with Belfast Clty Coun¢il. and an updated Outline Buslness Case for the project commi88ioned that ￿e￿rn￿r. Th& prol6ct board meetings have a180 recLNMm8nc8d. A Preappllcation DIScL￿S1on on the concept plan8 for a b8ckp8cker hostel al the lunotlon of crom￿ Streeuomeau Avanue wa8 also lodged with Council plann8rs. Mganwhil& a commitment br a £500,0(JJ investment toward the purchase of the Sussex Plac8 Convent School was seaured In January 2a24 via the Belfa51 Clty c￿n(￿l Nelghbourhood Regeneration Fund. Employabllty Training Supportr. the amount of residents supported through employablllty trJlning dro￿)ed off precipitously this y8ar from an avoragg of 60 - 70 residents to a dozen. This was due to the ending of the grant to enable the support and the l￿going appliGatlon for successor fvnding. We are conftlent in S￿ring &Jdltlonal funding 88 the demonstrablytransforrnatlvg 6ffectthe programme has had on peoples Ilw is easlty d9monstrablo, For inslanca, review of the programme by Queens C(xnmuniiE$ and pla￿ Indlcated that for every £1 Inves￿ in the programm8. an addltlonal £3.68 was generated in soclal return. Rebullding th8 Local Economy: we GEO3￿] off tho collection of the Rabuilding the Local EGonomy survey early in the 23124 financial yoar. 14Ve collected 307 surveys In all. whlth equates to 12'A of Ihe local population or 4¢¥A of households. This is a cornprehensive dataset far the area, and the re8ponses to the 170 qugstlons are a tr8m8ndoug resource for future organising and programm8 interventions in the ¢ommunity. Housing 94 Now Homes b&Jin construction: a8 noted above. the new houslng development in the south of tha o)rnmunity Commence￿ coNslru¢tion in August 2023. We hav6 been w0￿1ng cSo$ely with the developer, Radius Housing, and contractor, Kelly Bros.. to comrnunicat@ with re8idenis, as well as leverage in trainlng and employment opportunllles. Resident Support.. throughout 23124 housing remained a key aff a of support to our ￿sIdents. We 3UPPOrted 184 resldanls on a vari8ly of housing i9gues, which Included repalrs, transfer8, homelessness aGcessing hou8lng. Education Communlty Education Programme,, in partnershlp with Ulstsr Univ￿s1tY we ran a 10 weeklong Goursa on Unblocking Potential. a qualificatlon whieh Is designed to develop o)nfiden¢e and maximl88 learning potsntial. This course ¢reatss a direct pathway into the Community Development Degree at Ulstar Unlveryity, in June 2023, 10 residants completed thi5 course with e of ihem progressing onto the degree in September 2023. There arè now (yjrranlly 10 students acros5 first and second y&ar, building 8ki11s and knowledge around developlng projects, facilltsting events, app￿ for fundlng oppDrtunllie8, and creating opporiunities for themselv68 In terms of self-developmant and aducallon. Education Acilon Group= The Education Action Group has ts)ntlnued to meet and in th& 23124 financlal year has bagun to convene An Education Providers Forum with local schools and other education stakeholders. It has also bèén planning a 8erie8 of thomatiG co-de8lgn wotkshops lo engage the wlder communlty on key aSPeGts of education. The MDA have liai8ed with congthjction staff ofthe Kelly Brothers, who have been developing the houses on th8 Gasworks 811e. The firm have agreed to carry out in-klnd Maintenan￿ jobs on tha Sch¢￿18 and Sure Stsrt to carry out repaits and upgradé toc81 faclliti8s whilst they are working wthin the community- IT OCNICour88 with W5.. MDA and residents mat with VV5 LIFE lo co-dèvg1¢Jp an accreditèd acN program in IT. Residents thal attending the Community Development Degre8 took part In the codesign and cornplotd tho Cours¢. Residents Kjentified treir indmdual need8 and how they can be supported with thelr studies. Tho pilot program will continuo into the next financlal year. STEAM Program.. In partnershlp with partn8rs at QCAP, the MDA organi5ed a dedi¢Ated wèek long program focused on young people and STEAM subJ"ects. The pr¢gram was aimed at 8-12 year olds, who otherwise would not have the opportunity, lo acce85 the workl of Scien￿. Technology, Engineering, Art8 and Maths. The wÈok Includ8d, tiips to Queen'8 Universlty Belfast explorfng rDbofjc8. sound and music, m¢dlcal laboratorlas, sea laboratories and mechanical engineering.. as well 88 trips lo the M8rble Aroh Caves, th6 Aquarfum, the beach and to finish the week oft, all Chltdren Invdved were gwen the opportunity lo offiaally graduate from Queen's Universlty Belfast forth)mpletlng the progrdm. This gives young rkople a chance to 8tart exploring pathway8 from a young age and in a fun way, gxplore edu(atlonal opportunlties. Markets Development Assoclation TRUSTEES, ANNUAL REPORT for the financial year endod 31 March 2024 Haalth.. Thg Hgalth A¢lion Group has continued to meet, and ha3 overseen thè Work OU￿1n¢d bélow. Subslanct Use Education program.. The Actlon Group has moved car8fvlly through 2 $8parats co.creallr)n sesslons with 35 rèsld6nts. Thè goal is lo develop a programme that enhances the community's understandlng of the 188ue,18arn ways to a(Idr&s8 them, and then deslgn Solutions that fit the Market community and resid&nts' own p6rsonal circum81ances. Many peoplg taklng part hav& had fftrsthand experfence with family Memb8r3 Suffering from substance use and hav& used this to Infomi us along the way. We will have further codeslgn sessions aftèr Ihls raporting period with tho airn of launching the program In early 2024. 35 r8sldents were involved In 2 wort ara: l. Community Health Regource- QR codes, app eto, 2. Young people's heath program co design workshops 3. Young women's mantal health progr8m Another paint cf note is that since the start of the actlon group and going into tha futurè our University partner3 have been runnlng a S¢oplng Revlew - Assessing Impact C(*nmunltylArAd8mic Partnership which will give annual data reports on the succ888 and viability of all the program 8eGlions, Enrichment Aclivilies.. we continued to support St Malachy'8 GAC wth Its ren8wal, helping lo leverage in fundlng for a Cul Camp for 59 children in August 2024, as well as SUEWOrting thei youlh development programme every Thursday evening. Community Oryanising & Engagement.. Community Transfom)ation Initiative.. in 23124 we began th6 process of doslng off Phase11 of the CTI, and ar6 activoly pursuing ftjnding streams lo commence Phase111. QCAP caTried L)ul a rgvlew of the impact of Phas811, which was overwhelmlng positsve in its conclusions. CommunSty Action Groups.. The Hes￿h and Education Action Group3 continued lo mee( plan and dellver Int6N6nlons in their respeclivg aroas, as outlined elsewhere In this r8porL Christmas Hampers.. We delivered over 175 food haMpers10 6very family in the Market with a ¢hlld under the age of18. Thase We￿ donated by Kevin McKay of Straben Ltd, in conjunction with Slims Healthy Kitchen. The hampers inoluded all healthy options for dinners across the ChrSstmas holldays and included the recipe8 lor families ts) ft)Ilow. The need for Ihese hampers are identified due to the ongoing cost of livlng cri813 and wer8 greatly appre¢lal8d by the communlty. Re8id&nl Support.. We a38i8ted 180 residents wlth a widg rang8 of18sues, from filllng In passport fomi8, support with employment training etc. We asslst8d resld8nt8 in 22 cases which involved the Departrent for Infrastructure. Th8se included reporting blocked gullies, trip hgzards on foohvays, pest infestaliDn$ ètc. INe hèlped 55 residents with benefits advi￿ and Teferred a further 30 to South Balfast Advlc8 seNlce. Creatlve Communities.. in conjunction with our partner8 in QCAP, we deliverod a pitot Creatlve Communities project èntlded Using the Art8 to Empowgr Communilie3 lo Break Cycles of SIlen￿. This worked two grou￿8 of residen15 - youths and parents - to explo￿ i55ues of community, place, trauma and a(hJiction. Thtough a series of creatlvp workshops and discussions. Includlng drama and photography se38ions, the Trsidenls put together a joint Markets Development Assoclatlon TRUSTEES, ANNUAL REPORT for the financial year ended 81 Marth 2024 exhibition to be launthed In April 2024. Festivals & Events.. Summer Intervention Programme: The MDA have conlinu6d to organlse posillve alternatives at conlentlous dates over the sumrner months. Thls summer intetvanllon indudos an ayvay day on the 12th of July and 8th of August to decrease thè ¢han¢& ol antl4ocial behaviour In the area. On July 12th, the MDA arranged a family trip for 170 local adults and children lo go lo Emerald Park, County Meath. This includ6d onty to th8 parf( and transport IheTr and back. Emerald Park offers many actlvltles to suit all agos, Including fairground rides, roller coasters, ¢lnemas, flight 8lmulator8, many play parks, clrcus activiues, 8hop8, rostauranls, a zoo and 8 farm ￿1¢h makes for an enjoyable family day out. In August 2023. the MDA organised a family trfp to Dublin Zoo 1704 residents as an approach to r¢du¢e bonfira relatd actwities lo¢ally. 11 was a positsve akomative as it includes aCtI￿￿e8 and restaurants, as well as the animals. These trips ware part of the Summer Intsrvenlion programmg and succossfulty, the￿ were no disturbances localty in July or A￿Ust 2023. Both trips were lunded £2500 each by Belfast City Council's Medium Grant the rem21nlng balance wa5 famity contrlbutions. Summer F¢s￿Val.. The Summer Festival 2023 was a suctss8ful week-lono programme wlth aC￿vItIeS for all ages. The week Includèd a fun day,. Including bouncy castles, lace painters. rtdes and food and drink with art attendance of approximatety 250; 8 eJnema trip. atte￿Ied by 90 people., a pen8loners lunch in the community celllre attended by 60 senlor cltizens., an outlng to Lef8 Go Hydro for young people agBd 11-18. 45 young people took to the watèrs and a famlty trip to the Art( Open fami where families t(y)k part in various acllvlties,. allended by 70 residents. Ghrisknas Celebrations.. In Décember 2023 the MDA hosted two Chri¥lma8 celebrations in thg community. The first was a Chrlstmas Dinner for the Senior Cibzens of the area which InGluded a 3- course meal, te8lcoffee, mu91¢, ballots and blngo wlth tha alm to relntegrate local pen$ionBr8 Into the communlty POSt-Covid, and develop a safe and social space for our 8lderly lo engage. Secondly. the MDA organised a Santa Claus visit in the Ioc81 Gommunily ￿ntre for lamilie8 and young paople to enjoy. The event Includod Sants and his grotto, a vi8it from the Grinch. hot chocolate maklng, reindeer food making, arts and crafts, Sanias Snow Globe, and refre8hrnents. The even19 were fvnded by Radius Hcbusillg, Sl Patiick's Llay.. The MDA Sl Patrl¢k's Day event Is an annual activity in St Malathy's Youth Club, which is a fun day which includes fac& paint￿￿, hair braiding, tradltlonal lrfsh muslc, Inflatables. ride along, baby soft play and food and refreshments. Queans Communit￿3 and Place IQCAP).. our QCAP partn6rshlp wth Qu88n's University Bollast IQUBI Gonlinud8 to prosper. The Market 18 the communlty, pla(*based QCAP approach 18 being piloted and is unlquely platyl to udllse the expertise and influence of QUB to fundamentally changg Outcomes in lh& area. Tho work of QCAP is particularly alIgn￿l wth the health, education and work strands abovè, and ha8 played an 8Ctive part in the community action groups. Other positive oulcomas from the parts)6rship, such 88 the Creative Communitifjg programme, are Ilsled alsawhere in this report Inner South Belfast NeighbDurho(yJ Partnership: The MDA is a board member of thè Inner SoLrth Neighbourh¢J)d Partnership, along with groups from Donggall Pass and Ihe Lower Ormeau. We as8iSt wllh the running of ils 4 sub-group.. Bullding Communiti88 2. Economic Development 3. Education & Youth Health & Wellbeing Tha ¢XOSS-communty body meets throughout tha yaar to Sharè Infomiallon & coordinate aCti￿lieS betNeen the 3 ar8as with some récent highlights being the Fuel Support schema that saw many Mark8t famlli68 b8nefil in difFicult financial times. Four MDA staff mgmb8r8 8tE Involv￿ across Ihe subgroup5, Markets Development Association TRUSTEES, ANNUAL REPORT for financlal y6ar ended 31 March 2024 alono with one resident. 24 meetings organlsed during the yaar invofvlNJ 68 member5, 41 of whom ar? communlty and 27 statutory represgntativ8s, In Dacambar of 2023 the MDA aloro wlth 4 Dther major Inner South groupg organisèd Partnarshlps first 8V6rloint f&sllv21, Christmas Fest 2023. The event was ￿nded ljinUy by Ihg Nl Housing Exocutlve and 4 Soaal Housing pro￿7derS from their èxecutive Officg budgét C>f shared neighbourhood fundlng. It was a famlly focused gvont b8sid8 tha new MDA led housing dev81opment b6side the Gas Works and Included a large stage, 10 perfo￿er8, 15 entertainer8, food vendors and brought In over 1000 restdenls from the 3 nearby dlstrlcts inlo Inner souths flrst ever large scale cros6 community event Cromac Regéneration InltiaJve ICRII.. 18 a 80cial eoonomy prolect CO-own8d by the Market Development As8￿[atIOn, Lower Onreau R88idents Aotion Group and Donegall Pa3$ Communlty Forum, as the lead opmmunty-based r8generallon leads In their r&spectiV6 commuDilies. It Iransfoms a historfG Intorface sit8 at the jundion of Donogall Passlomeatj Road into a cross-community projectwhere residents and organisallDns from the three areas work, organise and edu(ats together. Féllè na hAbhann.' along wlth our community partners in the Short Strand Lower Ormeau Road. wg deliv8red the fourth annual 'Fe81ival of the River., This wa3 8 tremendous Suc￿5. and Is growing y&ar-on- year. qul¢kly &stablishing1ts81f as a hlghlight Df the Summor month5 in Belfast, despite its re¢ént provenanc6 and the inability to organise it in what would hav8 be6n its second year in 2020 due to ￿ thra81 of thè covld- 19 pendemic, The highlight cf ihe programmg was thè carnlval along th8 towp&lh itself on Sunday 6th August, attended by more than 10,0(K) people. This ybar, the evenl was extended onto the Ga8wDrks Land, increasing tha ¢apaclty of the day, increasing actsvibes and engaging more IoGal poopl8. Thoro added edutsational advi￿6$ suca as on Irlsh Languag& learning village, STEAM workshops, holistlG theraplas and arts and crats. This was followed by a tradI￿c￿al rnusl¢ concart In St Georg8'8 Mark8t on Tuesday 8th August with som8 of Ireland's fin8St Musldans, sueh as Klla. Th6 concert 8old-oul, with Over 400 people In sttendance. Foile na hAbhann Dffer8 a divelse, enjoyable and accessible prtyJramm8 for Inn&r City communities, in¢luding the Market, for whom such activlttes are usually an unaffordabla luxury. Its continued success demonstrates the appetite for suth acti￿tIO8 wlthin the c￿MMunitY if they are made acce55lble and affordable. This ygars event was bigger and betterthaN ever as iwo new groups 50ined the partnership with St Malachy's GAC runnin9 the bar & An Droiehead organlsSng all th8 artist5. 600 ma￿81 rgsidents - 4 staff - 22 VDlunts8ts - 3 partner organisations from locallty - 100 non-residents voluntB6JB f￿M other aTras. Financlal Re¥lew The results for the financlal yéar ar6 set oul on page 13 and additional notgs are provid6d showbTrJ income and enditure in gr8ater detail. Results and Dlvldènds Al the end of the financial year the charity h88 assets of £12,07412023 £47,802) and liabilities of £3,47412023 £1,300}. The net assgts ol th8 Gharfty have dacreased by £137,902). Reserve$ P081tion and Policy Reserves are nee(bd to bridge the gap beknNe8n sp&ndlng 8nd reviewing inGDme, to cover unplanned emargancy repairs and other unfore5e8n &xpenditur8. In the Trustee's view, the reseNes shc)uld proiride thé charity with adequats financSal slability and the means for it to meet Ivg charitable advltles for th8 foresegable future. The unrestricted reseN68 of MarKels Development AssoGiat*)n a$ at 31st Maroh 2024 are £193. The charlty has restricted r8serve$ tolalllrwJ £8,407 as at 31 st March 2024. Markets Development Association TRUSTEES, ANNUAL REPORT for th6 financlal year onded 31 March 2024 Truotseg The trLBtees who served throughout the financial yoar, 8x¢epl as notsd, wer6 as follows.. Mr8 Aine Brady IChalrper$onl M$ Bernadetlo Dobbin Ivice~Chairper8on) Mr Jam88 Mooney ITr9asurer) MS Anne Campbg11