2023-08-31-accounts

CHARITY REGISTRATION NUMBER NIC101163

THE CREGAN TRUST ACCOUNTS

31 AUGUST 2023

GM[c] G PORTADOWN

Chartered Accountants 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB

THE CREGAN TRUST

ACCOUNTS

YEAR ENDED 31 AUGUST 2023

CONTENTS	PAGE
General Information	1
Trustees’ Report	2 - 3
Independent Examiner’s Report	4 - 5
Statement of Receipts and Payments	6
Statement of Assets and Liabilities	7
Notes to the Accounts	8

THE CREGAN TRUST

GENERAL INFORMATION

YEAR ENDED 31 AUGUST 2023

Charity Name	The Cregan Trust
Contact Address	North House
	84 North Road
	Belfast
	Co Antrim
	BT4 3DJ
Charity Registration Number	NIC101163
Trustees	Mrs GE Cregan
	Mr SD Patterson
Independent Examiner	GMcG PORTADOWN
	Chartered Accountants
	17 Mandeville Street
	Portadown
	Craigavon
	Co Armagh
	BT62 3PB
Bankers	Cater Allen
	9 Nelson Street
	Bradford
	BD1 5AN

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THE CREGAN TRUST

THE TRUSTEES’ REPORT

YEAR ENDED 31 AUGUST 20223

Trustees’ Annual Report for the year ended 31 August 2023

The trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for The Cregan Trust for the year ended 31 August 2023.

Structure, Governance and Management

The Cregan Trust is an unincorporated entity and is governed by a Deed of Trust dated 10 August 1993.

The trustees who served during the year and up to the date of signing the financial statements were:

Mrs GE Cregan Mr SD Patterson

Trustees are appointed for an indefinite term and serve until they no longer wish to, at which point they may resign.

The day to day running of the charity is undertaken by the trustees. The trustees do not receive remuneration from the charity.

Objectives and Activities

The charitable purpose of The Cregan Trust is to enable local churches to carry out missionary work in the local community and abroad, the purchase of religious material to help educate local children, to aid in the training and education of new ministers/lay people, and to support sick and retired members of the clergy.

Achievements and Performance

During the year to 31 August 2023 The Cregan Trust made donations totalling £4,500. This included 4 larger grants and donations (those of £100 and over), 3 of these being £1,000 or more.

Charities Commissioner of Northern Ireland - Statement of Compliance

The Cregan Trust has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the charity’s objectives and activities, as well as providing public benefit.

The benefit is defined as:

“Enabling local churches to carry out missionary work in the local community and abroad, the purchase of religious material to help educate local children, to aid the training and education of new ministries/lay people, and to support sick and retired members of the clergy.”

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THE CREGAN TRUST THE TRUSTEES, REPORT (continuedj YEAR ENDED 31 AUGUST 2023 Financial Review The accounts show a surplus of £35,500 for the year, all of which was unrestricted in nature. At the balance sheet date, unrestricted reserves amounted to £100,538 of which all is held at bank. The trustees have not set a minimum level of reserves to be maintained by the charity due to the nature of the chartty's activtties and minimal day to day running costs. Going Concem The trustees have reviewed the position of the charity and are of the opinion that the charity will continue in its activities and the accounts should be prepared on a going concern basis. Statement of Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Report, the Statement of Receipts and Payments and the Statement of Assets and Liabilities in accordance with applicable law and regulations. The law applicable to those charities in Northem Ireland with income of less than £250,000 requires the trustees to prepare a Statement of Receipts and Payments and a Statement of Assets and Liabilities for each financial year. The trustees are responsible for k￿pIng accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the charity. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Principal address- North House 84 North Road Belfast Co Antrim BT4 3DJ Charity Registration No: NIC101163 Signed on behalf of the trustees Mrs GE Cregan Trustee Date .

THE CREGAN TRUST CHAKTERBD ACCOUNTANTS INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 AUGUST 2023 Independent examinerfs report to the charity trustees of The Cregan Trust I report on the accounts of The Cregan Trust for the year ended 31 August 2023, which are set out on pages 6 to 8. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northem Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act; follow the prO￿dureS laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act; and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordan￿ with the general Directions given by the Charity Commission for Northem Ireland under section 65(9){b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. 17 Mandeville Street PORTADOMTN Craigavon BT62 3PB Alfred House 19 AEfved Street BEIF.4St BT2 8EQ DX3910 NR Bdfast 50 Centur), House 40 CresceEkt Busilles5 Park LISBURN BT28 2GN Tel:[phone] Fax:+44 {0)28 3835 0293 Tel= [phone] F&K'. *4410}28 9031 0777 Tel: [phone] Fax: +H (0)28 9260 1656

THE CREGAN TRUST CHARTERED ACCOUNTANTS INDEPENDENT EXAMINER'S REPORT (continued) YEAR ENDED 31 AUGUST 2023 My role is to state whether any material matters have come to my attention giving me cause to believe= That accounting records were not kept in accordan￿ with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no COn￿rnS in respect of the matters 1 to 4 listed above, and in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Gillian Johnston ACA GM'G PORTADOWN Chartered Accountants 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB Date.. L+ ￿￿LY 204- 17 mande￿lle Street PORTADOWN cr￿say0n BT62 3PB .41f[￿ House 19 Alfred Street BELF.4sr BT2 8EQ DX3910 NR Belfast 50 Century House 40 Creseent Business Park LISBUIL BT28 2GN Tel: +44 {0)28 3833 2801 F#x:+44 {0}28 3835 0293 Tel: +44 {0)28 9031 1113 Fax: [phone] Tel: +H (0)28 9260 7355 Fax:[phone]

THE CREGAN TRUST

STATEMENT OF RECEIPTS AND PAYMENTS

YEAR ENDED 31 AUGUST 2023

Unrestricted funds 2023 £ RECEIPTS 40,000 PAYMENTS Grants and donations (4,500) TOTAL PAYMENTS (4,500) EXCESS OF RECEIPTS OVER PAYMENTS 35,500 Cash funds at 1 September 2022 65,038 Cash funds at 31 August 2023 100,538	Unrestricted Total funds Total 2023 2022 2022 £ £ £ 40,000 - - (4,500) (10,400) (10,400) (4,500) (10,400) (10,400) 35,500 (10,400) (10,400) 65,038 75,438 75,438 100,538 65,038 65,038

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THE CREGAN TRUST STATEMENT OF ASSETS AND LIABILITIES YEAR ENDED 31 AUGUST 2023 Unrestricted funds 2023 Unrestricted funds 2022 Total 2023 Total 2022 CASH FUNDS Current accounts 100 538 100 538 TOTAL CASH FUNDS 100 538 100 538 65 038 65 038 TOTAL ASSETS Signed by the trustees: Mrs GE Cregan Trustee Mr SD Patterson Trustee Date. J3 JUL Iq-

THE CREGAN TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

Set out below are the principal accounting policies which have been adopted in the compilation of the Statement of Receipts and Payments and the Statement of Assets and Liabilities.

(a) Receipts and payments

All items of income and expenditure included within the Statement of Receipts and Payments have been accounted for on a cash basis.

(b) Assets and liabilities

Cash and deposit balances are stated at their monetary amount.

Liabilities are included where there is a constructive or legal obligation falling upon the charity that requires a future economic outflow. However, no account is taken of amounts due in respect of the recurring expenses of the charity as these are recognised in the Statement of Receipts and Payments when paid.

2. TRANSACTIONS WITH TRUSTEES

The trustees did not receive either remuneration or the reimbursement of expenses in the year. During the year a donation of £40,000 was received from Mrs GE Cregan, a trustee. There were no disclosable trustee transactions in the previous year.

3. FUNDS

Unrestricted funds - this fund is used at the discretion of the trustees in fulfilling the objects of the charity.

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