Ulster Federation of Credit Unions Page 1 Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 September 2022 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 30 September 2022. Reference and administrative details Registered charity name Ulster Federation of Credit Unions Charity registration number N1100693 Company registration number N1606891 Principal office and registered Credit Union House office 218-220 Kingsway House Dunmurry Belfast Antrim BT17 9AE The trustees Mr W Carnwath Mr B Hoey Mr W Brown Mr D Graham Mr R Lennox Ms N Mccomb Mr A Marsden Mr W McKeown Ms B Reid Mr W Carter Mrs A McKay Ms H Scott Independent examlner Johnston Graham Limited 2161218 Holywood Road Belfast BT4 1PD structurei governance and management Ulster Federation of Credit Unions is a charitable company. limited by guarantee and incorporated on 31 March 2011, and was formally granted charitable status on 20 June 2016. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed by these articles. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
Ulster Federation of Credit Unions Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 30 September 2022 Objectives and actlvities Page 2 The objectives of the company are to promote the following purposes.. to advance education amongst the public in matters pertaining to credit unions and their potential in relieving poverty and need. to provide education and training in the knowledge and skills pertinent to the establishment and management of credit unions in Northem Ireland and the Republic of Ireland. to provide services, advice and information to assist the establishment and development of credit unions in Northern Ireland and the Republic of Ireland. In setting the objectives and planning activities for the year. The trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the Charity's purpose and provide a benefit to the beneficiaries. Achievements and performance The company is governed by a committee of elected representatives from all over Northern Ireland. previously elected by each credit union to their respective county zone. During the year to 30 September 2022, the UFCU provided support and advice to over credit unions to assist them with ongoing development needs. An ongoing programme of training and education was carried out throughout the year to enable credit unions to operate more efficiently in the management and development of individual credit unions thereby increasing their potential to relieve poverty and need within their communities. Financial revlew Incoming resources for the year totalled £110,171. compared to £105.853 in the previous year. Resources of £100,253 were expended, resulting in a surplus for the year of £9,189 and unrestricted funds of £61,967 at 30 September 2022. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 29 April 2023 and signed on behalf of the board of trustees by: Mr W Carnwath Trustee