**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|
**- 1 -**
**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.”
**- 2 -**
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 kpIng 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 prOdureS 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:+44 (0)28 3833 2801
Fax:+44 {0)28 3835 0293
Tel= +44 (0)28 9031 1113
F&K'. *4410}28 9031 0777
Tel: +44 (0)28 9260 7355
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 COnrnS 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 mandelle Street
PORTADOWN
crsay0n
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: +44 (0)28 9031 0777
Tel: +H (0)28 9260 7355
Fax:+44 (0)28 9260 1656
**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|
|---|---|
**- 6 -**
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.
**- 8 -**