2024-03-31-annual-report

IV&iersldc Sharod Villqgc (A company limited by guarnlltee) Dirtttors Report "rile directors present tlieir report and th¢ financial Statem￿]ts for the year ended 31 March 2024. Obje¢llv¢s and 2¢tiviti Tlic principal aclivity of ihe COTnpany diiling the y&ir under review is to manage Watcrside Shared Village Community l-lub ￿ a cross coynmunity s'enue availabl¢ for use by anyone In ille area of benel]i and provide a ¥vi(le runEe of pro8ranirne£ aiid aclivilie%. Company Numbtr N1687717 Directors and Ilicir Inlcrests Thc direclors ofthL' charity for ibe purposes of Charity law and throuEhout this report are collectively referred lo as Ili¢ dir￿lOrS. The direck)rs serving during the year and since iheyear end were as follows: Gerdldine Doherty Nircc Mc Morris Katie Milchel Gr>vernlng Document The organisatioTh is a coinpany ivitli eharitablc sts1￿. The company was &4tablislied under Memorandum & Artieles of Association lyliicl? outlined the area of benefit and the objects of ihe charitable O￿an154110n. Risk Management The directors have a risk Inana8em¢nl strategy whicfi ¢onsist5 of establishing a s)siem of identifying risks and mitigating such risks. RcseTh'es Polic> Waterside Shared Village have a policy that unrestrickd reserves to be mainlaioed al a level io cover six montbs salary* operatjonal costs and redundaftey. Results & Performon¢¢ TlJ¢ r¢sulls and perfosmance for th¢ year of Warerside Shared Villagc ar¢ suminuriscd in the enclosed aceounts. Flnanei21 review The fsnaneial performance is summarssed ia the enclosed ac￿￿ntS. Page 2

Watersfide Sharod Vlllago (A conipan) limited by guarantee) Dirc¢tors Report ..￿ntinUed Directors Respollsibilities In Re12tion To The Floanelaj Statements The directors of Watersid¢ Sliared Village for Ihc PUFposes of cumpany law are responsible for preparing the Director5, Annual Report and the fInaii¢ial 5tatement5 in ￿CordanCL with applicable laiv and United Kingdom Accounting¥ Standards (lJnited Kingdom Gen¢rally Awept¢d Accountin8 Practice). Compan}. lasy rcquir¢s Ihe directors lo prepare finanGial stateinents for each fiaanGial year. that give a tsue and fair vieiy of the state of the affairs of die charitable company and of thc incoming resources and application of resourc¢s, including tlje income aftd eX.￿nd11ure, of the charitable company for that period. In preparing these financial statemcnts, th¢ di￿lOrS are required to: select suitable ac¢ounting polici¢s and apply them consistently: - observe the metliods and principles in Élle Charities SORP 2019 (FRSI O?). - Inake J(￿gements and estimates that are reasonable and prudenl- - slate whether applicable UK Aecouniing Slandards ha￿ be¢n followe￿ subject to any mat¢riat departures disclosed and expt8ined in the financial statements: prepare the financial Staiements on Ihe going Gon¢¢rn basis unless it is iftappropriate to prasvm¢ that the charity will ￿ntinUe in busin¢s& T1￿ directors are responsli >le for inaintaining PT(w¢r de￿unting records Ivhich dis¢lose iyith reesonable atrvrdcy at any time the financial posilion of the charity and enables them to ¢rtsure that th¢ finan¢ial statein¢nts Comply ivith th¢ Companies Act 2006. The directors are also responsiblo for safcguarding the assets of the ¢harAty and hence for taking reasonable steps for Ili¢ pievention and dde¢tion of fraud and other irregulariti¢s. In so far as the directors are aware: -Ihere is no relevant iftfonnation of which ihe charithble compan￿5 independent exaamifier is unaivare, and -the direc¢ors havc taken all ihe steps thai th￿ OUBlit lu liave tsken to make ihemselv¢s aware of any relevant information and io ¢stablish lI￿t the tnd¢pendent examiner is of tliat infotmation. This report Is prepared in accordancc wilh thc spg¢ial ptDvisions of part IS of the Companies Act 2006 relaiins to siiMII conipanies. This report was approved and autliorised for issue by She Board on 20 January 2024 and signed on its behalf by Direclor ireetor Page 3