Page 1
Ulster Federation of Credit Unions
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 30 September 2023
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 2023.
Reference and administrative detsils
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 Camwath
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 ( resigned 19 March 2024)
Independent examiner
Johnston Graham Limited
2161218 Holywood Road
Belfast
BT41PD
structure. governance and management
Ulster Federation of Credit Unions is a charitable Company, limited by guarantee and incorporated on
31 March 2011, and was fomially 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.

Page 2
Ulster Federation of Credit Unions
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fcontlnued)
Year ended 30 September 2023
Objectives and activities
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 2023. 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 review
Incoming resources for the year totalled £106,977, compared to £110,171 in the previous year.
Resources of £110.040 were expended, resulting in a deficit for the year of £3,063 (2022 Surplus of
£9,819)
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 27 April 2024 and signed on behalf of the board of
trustees by..
Mr W McKeown
Trustee