NORTHERN IRELAND RHEUMATISM TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annu81 report and financ3al statements forthe year ended 31 December 2023. The financial statements have been prepared n accordan the accthnting PDfth set out in note I to the flnan(iaS slatements and compty with the charitvs Twst Dee¢ the Charfties Ad INcthem Ireland) 2008 and "AOunting and Repofting by Chantos: Statement of Reojmmended Practtts applicab]e to charities preparing their accounts Sn accordan with the Fmafia Reporting Standard applitsble in the UK and Republic of Ireland (FRS 11Y2} (eltedive 1 January 2019).. Objectives and activities The dlarity's obje¢As indude air aspects of educatlon and training. for al medr¢al, nursing and allied health professionals working in the fielo of rheumat disease within Nt)rthem Ireland. A¢tivrtte$ ¢arTied out by the oryantsation yjpports me¢)Ical, nursing and alted heath professionals Working in the of rheumatology in NOrttrn Irdand to attend training and educalional conferences to benchmaTk. networ galn knovAedge, skffis and expertise tn the field of theumatolo9y. The organisation also uitically revtews and funds appropriate research projects wilhin the fietd of rheumatology in Northern Ireland. The trustees have paid due regard to guidan issued by the Chariiy Comrnission in decading what activities the charity should undertake. Achièvements and perfomiance The charity contlnues to support research and education arnngst heaIlh¢a professionals YA)D are involved in Ihe car8 of patlents wth rtievmalie disease wEthln Northern Ireland. The chaTIty has been able to supportthe trafftlng of medical profesyon8ls duriig this year. through the genernus funding recefved from Novarti5 and other dlOr5. Financial review The company had net expendllure the year of £8,146 (2022-£23,541). leaving unrestr¢ed fvnds of £159,075 (2022 - £167221) and rethcted fund¥ of £9.238 (2022 - £9.238). The unrestrided funds are considered to be essenti to pmmde suffi¢ient fvnd$ lo r>)¥er any unforeseen costs may arise and fulAI legal obligions of the charfty in Ihe eventthat CUlTent leveLs of income are not maintsuied. It is the policy of the tharity that unrestrided funds have not been designated for a spwfiG use should be matntsÉn¢d at a level equivalerrt to been three and six month's expertditure. The trustees C(S1der Ihat reserves at thi level 111 en$ure thaL In the event of a signffi(xnt drop In Ojnding. Ihey will be able to COnnYe the charity's rrent acliwties while consideration Is gr¥en to ways In addrttonal fimd$ may be faised. This level Of reserves has been maintained throughoutthe year. The tnjsiees have assessed the major risks to which the charity 1$ exposed, and are satisfied that Systems are pla to mitigate exposure to the majorrtsks.
NORTHERN IRELAND RHEUMATISM TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure. gavemance and managemerrt The charity was estabtished by a chitable trust deed ¢)n 14 December 1991 The trustees who seNed during the year and up to the date of Signature of the financial statements were: Dr G Wrtght DrA Taggart Ms A QL5inn Ms H McKeeman OrA crn$ DrA Bell Dr E Ball Mr R Kelly DrAPendleton M$ J Monaghan Dr S Roberts (Resigned 13 Septsrnber 2023) The trustees shall elecl from among their number the foflowng Honorary offir$ in each year atthe annual . general meets'ng: chaiMn. Honorary Sectetsry and Honorary Treasurer. There 18 to be not less than three or more than trustees at any time. Trustees are appointed at the doscretion of existing trust. The trustees, rewt was approv&1 by the Boarf ofTrustee5. Ms A Quinn Trustee i•.IE).2