SHAIUNG FAIR ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 MCDONALD O'NEILL & CO CHARTERED ACCOUNTANTS
SHARING FAIR CONTENTS PAGE General Inforniation Trustees Report Accountants, Report Statement of Financial Activities Balance Sheet Notes to the Statement of Financial Activities 10 McDoDald O'Neill & Co. Chartered Accoulltants
SHARING FAIR GENERAL INFORMATION Trustees Mr Anthony Brcnnan Sr Catherine Hughes Geralyn Woods Mr Jude Mccann Mr Lawrence Purdy Mr James Toolan Adnjinistrative address 19 Rossmore Drive Belfast BI'7 3LA Accountants McDonald O'Neill & Co. Chartered Accountants 5 Union Buildings Union Place Dungannon Co. Tyrone BT70 IDL Bankers Bank of Ireland - Belfast Bank of Ireland - Dundalk Cbarity Number 101168 Inland Revenue Tax Reference KAU14XG McDonald O'Neill & Co. Chartered Accountants
SHAIUNG FAIR TRUSTEES REPORT Structure, Governance & Management in Northern Ireland Sharing Fair was fornially established in Northern Ireland on 29 January 2009 following application for it to be recognized by HMRC as a charity under the provisions of the Income and Corporation Taxcs Act 1988. Its inception and d¢v¢lopment had been motivated by a desire to engage in international initiative to support women, girls, children and infants, and their families, living in extremely difficult and impoverished circumstances within developing countries. The current members of the Management Board of ShaTing Fair arc: Mr Anthony Brennan Sister Catherine Hughes (Treasurer) Geralyn Woods (Secretary) Mr Jude Mccann Mr Lawrence Purdy Mr James Toolan (Chairperson) The Management Board meets at least 3 times each year. The day to day running of the charity is managed by Sr Myriam McLaughlin (Exccutivc Officer). Cbaritable Status Sharing Fair has been accepted as a charity for tsx purposcs by the Inland Revenue. The HMRC reference number is: _ KAU14XG. Sharing Fair has been registered with the Charity Commission for Northern Ireland from 5 February 2016 under the Charity number l 01168. Statement of Compliance In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public bencfit to ensure that the activities have helped to achieve the charity, s purposes and provide a benefit to the bencficiaries. McDonald O'Neill & Co. Chartered Accountants
SHARIIYG FAIR Principal Activities: Purposes and Beneficiaries The Sharing Fair Association was established to: _ relieve povcrty promote the advancemcnt of education, the preservation of health and the improvement of living conditions in developing countries where the Sisters of the Good Shepherd are active, o to tsrget the above aims particularly towards women, girls, infants and other persons who are suffering from the effects of adverse social and economic circumstances. to promote, facilitate and support the maintenance, operation and management of a centre or centres in such developing countries for activities promoted by Sharing Fair. to support and enablc the instruction and training of beneficiaries in sustainable trades through the teaching and development of skills in manufacture, production, repair, project management, athninistration and accountancy. to promote, facilitate and support the establishment of educational facilities in the interests of economic and social welfare of beneficiaries and with the object of improving their conditions of life. to enable the recruitment, selection and sending out of volunteers for short tenn service within such areas when necessary in the interests of the Association and for the promotion of its objectives and activities within the area ¢onc¢rned. to educate the general public as to the existence of adverse or detrimental social and economic circumstances within such developing countries and to promote awareness among the public, and advancement of the work undertaken by Sharing Fair with such developing countries. Activities and Results for the year ended 31 December 2022 We are happy to share with you highlights of our work in Sharing Fair during 2022. Thanks to our volunteers working with the sisters, through donations, we have the following results: Total income £ 23,230 Sharing fair retllrns to producing centres Donations to centres £ 31,478 McDonald O'Neill & Co. Chartered Aeeountants
SHARING FAIR Donations From donations received during 2022 and previous years, the following distributions was made: Myanmar: £ 16,134 Humanitarian Response to Affected communities. Thailand Hands of Hope: £ 2.051 To support the work for HIV/Aids patients. Fatima Centre, Bangkhai: £ 6,000 To support the work with young girls who are in danger of being sold into prostitution. Nongkhai Foundation: £ 6,752 Project: 'l-We-Other' Building self-esteem in uncertain times. Chiangrai: 636 (£ 542 equivalent) To support the work of the Good Shepherd Centre, Good Life Project for young girls. The various projects we have supported has resulted in happier lives and increased empowemient for women, young girls and their families, results hard to quantify. With the possibility of diversified activity given our charitable status, we would hope to continue our conllnitment to helping our mission for women and families in 2023. Financial Review The Trustees have a procedure in place to review the accounts annually. The accounts for the year to 31 December 2022 show a positive balance of £ 40,966.14 (Sterling Account) and Euro Account E 24,875.95 (£ 22,055 equivalent). The current financial position of Sharing Fair is in a position of being able to meet its commitments. The Trustees confinn that no harn] has flowed from the achievement of the purposes, benefits or outcomes associated with the activities undertaken by Sharing Fair nor has any private benefit accrued to the Trustees or members of Sharing Fair by reason of its activities. Risk Management The Trustees are aware of the risks to which the charity may conceivably be exposed but are satisfied that under current arrangements this is set at a very low level. Requests for assistance are carefully scrutinised and outcomes are monitorcd. Safeguards are further promoted by the supervising presence of Sisters of the Good Shcphcrd in arcas of bcncfit with whom close contact is maintained. A formal risk assessment process and stratcgics for dealing with identified risk areas is currently being addressed. McDonald O'lyeill & Co. Chartered Accountants
SHARING FAIR ConclusioD The Trustees of Sharing 14air together with the Sisters of the Good Shepherd here at home and indeed in so many parts of our world. wish to thank the members, volunteers, donors, benefactors and friends of Sharing Fair, for your on-going practical intcr¢st and sustaining work on behalf of Sharing Fair and its mission. Because of you, over tim¢ and to the present day, countless individuals and families in remote villages bencfiting from the work of Sharing Fair and the presence of Good Shephcrd sisters have been able to expose and export their traditional crafts with pride. Thosc who have come to our partnership ccntres have achieved and continue to achieve training, education and crucially the realisation of certain independence and escape from financial and social impoverishment through dignified work and the opportunity to market their creations. SIGNED....... ............... bo Trnstee SIGNED..... .. Trustee McDonald O'Neill & Co. Chartered Accountants
SHARING FAIR Independent Exaxniner's Report to the Trnstees of Sharing Fair Charity We report to the charity trustees on our examination of the accounts for the year ended 31 December 2022 which are sct out on pages 8 10. Respective responsibilities of trustees and examiner As the charity trustees you are responsible for the preparation of the accounts in accordance with the requiremcnts of the Charities Act (Northcrn Ireland) 2008. It is our responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ircland under section 65(9)(b) of the Charities Act; state whether particular matters have come to our attention. Basis of indepeDdent exa]niller's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance.with the g¢n¢ral Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: l. That accounting records wer¢ not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting rcquirements of the Charities Act 4. That there is further inforniation needed for a proper understanding of the accounts to be reached. IndepeDdcllt cxamiDer's stateD]ent W¢ hav¢ complet¢d our examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following th¢ Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. /h, RF f. MCDONALD OYNEILL & CO Chartered Accountants 5 Union Buildings Union Place Dungannon Co. Tyrone Date: ... M¢Donald O'Neill & Co. Chartered Accountants
SHARING FAIR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 12 Months ended - General Funds 2022 2021 INCOMING RESOURCES General Donations and Sundry Gift Aid Tax refund Received 20227 3,003 10,534 1,537 TOTAL INCOMING RESOURCES 23230 12,071 RESOURCES EXPENDED Cosl of sales Opening stock Stock donated Closing Stock 2,053 (2,053) Administrative &rpenses Charitable Donations Printing, postage and stationery Motor and travel expenses Accountancy ProfitlLoss on exchange Domain and emails set up costs 31478 213 103 706 (1.142) 741 24,511 760 1,429 31 32099 26,740 Financlal EKpenses Bank Charges 215 206 215 206 TOTAL RESOURCES EXPENDED 32314 26,946 ET (OUTGOING) RESOURCES RECONCILIATION OF FUIYDS Funds brought forward Transfer from Designated Funds (9.084) (14,875) 70,412 1,683 85,287 TOTAL FUNDS CARRIED FORWARD 63011 70,412 M¢DoDald O'lyeill & Co. Chartered Aecountants
SHARING FAIR BALANCE SHEET - 31 DECEMBER 2022 Notes 2022 2021 FIXED ASSETS Equipmcnt CURRENT ASSETS Bank accounts Cash accounts 63,021 540 72,208 758 63,561 72,966 CURRENT LIABILITIES Accruals & Creditors (550) (871) NET CURRENT ASSETS 63,011 72,095 NET ASSETS 63,011 72,095 FUNDS General funds 63,011 70,412 Designated Funds 1,683 Total funds 63,011 72,095 We approve the financial inforn]ation which comprises the statement of financial activities and the balance sheet. We acknowlcdge our responsibility for the financial infonnation and for providing McDonald O'Neill & Co. with all infonnation and explanations necessary for its compilation. SIGIYED...... DATE: ......£ I .H4............... . ustee SIGNED..... Trustee McDonald O'Neill & Co. Chartered Accountants
SHARIIYG FAIR NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 FIXED ASSETS Fixtures, Office Fitting & Equipment EquipxDent Total Cost or valuation At l January 2022 Additions Disposals 2,778 634 3,412 At 31 December 2022 2,778 634 3,412 Depreciation At l January 2022 Charge for the year Elimination disposal 2,778 634 3,412 At 31 December 2022 2,778 634 3,412 Net Book Value At 31 December 2022 2. GENERAL FUNDS 2022 2021 Brought Forward Net (Outgoing) Resources Transfer from Dcsignat¢d Funds 70,412 (9,084) 1,683 85,287 (14,875) At 31 Dec¢mber 2022 63,011 70,412 3. DESIGNATED FUNDS 2022 2021 Brought Forward Transfer to General Funds 1,683 (1,683) 1,683 At 31 December 2022 1,683 M¢Donald O'Neill & Co. Chartered Accountants io