TRUSTEE'S REPORT FOR THE LO-DEBAR TRUST FOR THE YEAR ENDED 31 MARCH 2023
Objectives and Activities
The Trusts aims again this year have been to provide ongoing financial support to our team of 20 co-workers, working in three regions in Russia. Perm, Novosibirsk, and Altia. Due to many larger banks being sanctioned, payments to our team has not been without its many difficulties, but thankfully this year we again have been able to provide our co-workers with most of their funding. We are looking at new methods of providing them with their funding requirments.
Structure, Governance and Management
Alan Kernoghan Billy Annette Richard Clingen
Achievements and Performance
We again this year have been with trhe help of our faithful supporters have been able to meet our financial needs, and we thank God for his provision.
Financial Review
During the year, donations received amounted to £52,170 and Gift Aid received of £10,467. Funds remaining at the year end amounted to £20,521.
Plans For Future Periods
The Trustees are for continuing to carry out with the work that God has called them to since the Trust was formed. Seeking to reach into Russia with the Good News of the Gospel. We have decided for the 2023/24 period to review all our funding allocated to co-workers to make sure that these funds are being used wisely. This will involve better liaison with the Mission Committees in Russia.
Approved by the Board of Trustees and signed on its behalf by:
Trustee Date: 29/11/2023
Trustee Date: 29/11/2023
Trustee Date: 29/11/2023