Friends, School Lisburn Old Scholars Association TRUSTEES. ANNUAL REPORT Year ended 31 March 2023 The Trustees have pleasure in presentin8 their report and the receipts and payments account for the year ended 31 March 2023. PRINCIPAL AcfiviTIES AND OBJECTS Through its continuin8 SUPPOrt of the ethos of Friends School Lisburn as an educational establishment open to all religious persuasions, the Association endeavours to encourage the development and maintenance of high educational standards and facilities. The main ways in which this is delivered are a) through the publication of an Old Scholars magazine which showcases current pupils, work and achievements and maintains links with the lives and achievements of former pupils locally and nationally and b) providing financial support for awards and projects within the school. Pupils and former pupils benefit from this and the wider community also benefits through the sound education received by future en8ineer5, doctors, teachers etc passin8 throu8h the school. GOVERNANCE The Association is 8overned through the rules of its constitution. REVIEW The Trustees are content that the objetts of the charity are being delivered in line with the public benefit guidance issued by the Charity Commission for N l. The Association is open to all who have passed through Friends School Lisburn and there is no harm flowin8 from the purposes of the charity. No private benefits ensue. No fundraising event5 were held in the year but in order to re-generate membershlp interest and re-establish fellowship spirit following the effects of the Covid pandemic a President's Evening was held. Whilst this ran at a deficit of £4,751 both the Trustees and members appreciated the chance to re-enga8e. In line with its objects the charity was able to contribute £1,461 {2022: £1,344) towards the cost of the Old Scholars magazine. The Trustees are grateful to the committee members, who are volunteers and carry out the day to day functions of the charity, and to all those who contribute articles to the magazine. FUTURE PLANS The Trustees will continue to promote the objects of the Association and to further develop the possibility of distribution of the magazine in digital format. RISK MANAGEMEKr The Trustees regularly consider the reputational and financial risks that might arise and consider the procedures in place to mitigate those risks.
Frlends, School Lisburn Old Scholars Association TRUSTEES, ANNUAL REPORTcontlnued Year ended 31 March 2023 TRUSTEES, RESPONSIBILITIES The Trustees are required to prepare accounts for each financial year and have these independently examined and are responsible for maintaining proper accounting records. They are also responsible for the prevention and detection of fraud and other irregularities. TRUSTEES A Pearson and M Boyd served throughout the year. A Mccausland was appointed on 22 March 2023. nd RESULTS The excess of expenditure over income for the year was £2,657 compared with £1,776 for the previous year. By Order of the Trustees M Boyd TRUSTEE th Approved by the Trustees on 7 October 2023