BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2023
The trustees present their annual report and financial statements for the year ended 30 June 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).
Objectives and activities
The objectives of the charitable company are set out in the Articles of Association of Ballymacanallen Community Association Ltd.
The objectives are to carry on activities which benefit the community and in particular (without limitation) to own and manage a community building and provide community services.
The charitable company provides the use of the community hall and facilities to local groups. By organising events in the hall such as cultural evenings, educational talks and seminars, coffee mornings, dancing lessons and many other community activities aimed at local wellbeing.
The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake.
Achievements and performance
During the year the charitable company received funding from the Department of Agriculture, Environment and Rural Affairs (DAERA) and the Ulster Scots Agency, as well as other donations.
The most outstanding achievement this year, was that the charitable company provided on 126 occasions, use of the kitchen facilities and premises to 2 volunteer community kitchen groups. They used these facilities to prepare, produce, and deliver well in excess of 100 balanced two course meals to various families in the Craigavon area who were in need of help. Not only did this assist the people who received the food, it also gave a great sense of satisfaction, achievement and confidence to those who made it happen.
Other community based activities continued in the hall during the year. Drumming classes lasting 10 weeks were held. One in the autumn and one in the spring. Six drumming competitions were also held on various Saturdays.
The charitable company was able to accommodate on Thursday mornings, during term time, a parent and carer baby and toddler group for preschool children.
The hall continues to be used for various other occasions, private functions, meetings, social gatherings and other activities, all aimed at promoting general wellbeing within the community.
The charitable company is performing well, and is thankful to the members for the work they put in, and continue to provide a safe, warm, and welcoming environment for those who come here.
Financial review
The charitable company's financial results are set out in detail on pages 5-13.
There is an overall deficit for the year of £731 (2022 - £99,102 surplus). Accumulated funds consist of unrestricted funds of £90,979 and restricted funds of £162,767.
Reserves
Due to the nature of the charity's activities, the trustees consider it appropriate to maintain free reserves sufficient to maintain on-going running costs to cover a twelve month period. The trustees consider a level of £4,750 to be appropriate.
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BALLYMACANALLEN COMMUNITY ASSOCIATION LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Structure, governance and management The charitable company is a Gompany limited by guarantee. govemed by its Articles of Association dated 1 June 2018 and revised 10 August 2021. The charitable company is controlled by ils trustees who are directors of the company for the purposes of the Companies Act 20. The charitable company was registered with the Charity Commission for Northern Ireland on 18 Oclobef 2021. The trustees who served during the year and up to the date of signature of the financial statements were.- Mr G Ruddock Mr N Wylie Mr W Sergeant Under the requiremenl of the Artides of Association, trustees can be appointed by ordinary resolution or by a decision of the serving trustees. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to conlribute £1 in the event of a winding up. The day to day running of the tharitable company is overseen by the trustees. In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A ofthe Companies Act 2006. Registered Office: 30a Hunters Hill Gilford Craigavon Co Armagh BT63 6AL Company Registration No.. N1653421 Charity Registration No.. NIC108034 The truslees, report was approved by the Board of Trustees. Mr N Wylie Trustee Date-.