SHARING FAIR
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
McDONALD O’NEILL & CO CHARTERED ACCOUNTANTS
SHARING FAIR
CONTENTS
| PAGE | |
|---|---|
| General Information | 2 |
| Trustees Report | 3 – 6 |
| Accountants’ Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Statement of Financial Activities | 10 |
________________ McDonald O’Neill & Co. Chartered Accountants
1
SHARING FAIR
GENERAL INFORMATION
| Trustees | Mr Anthony Brennan |
|---|---|
| Sr Catherine Hughes | |
| Geralyn Woods | |
| Mr Lawrence Purdy | |
| Mr James Toolan | |
| Mrs Grainne Connolly | |
| Administrative address | 19 Rossmore Drive |
| Belfast | |
| BT7 3LA | |
| Accountants | McDonald O’Neill & Co. |
| Chartered Accountants | |
| 5 Union Buildings | |
| Union Place | |
| Dungannon | |
| Co. Tyrone | |
| BT70 1DL | |
| Bankers | Bank of Ireland - Belfast |
| Bank of Ireland - Dundalk | |
| Charity Number | 101168 |
| Inland Revenue Tax Reference | KAU14XG |
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
TRUSTEES REPORT
Structure, Governance & Management in Northern Ireland
Sharing Fair was formally 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 Taxes Act 1988. Its inception and development 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 Sharing Fair are:
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Mr Anthony Brennan
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Sister Catherine Hughes (Treasurer)
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Geralyn Woods (Secretary)
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Mr Lawrence Purdy
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Mr James Toolan (Chairperson)
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Mrs Grainne Connolly
The Management Board meets at least 3 times each year.
The day to day running of the charity is managed by Sr Myriam McLaughlin (Executive Officer).
Charitable Status
Sharing Fair has been accepted as a charity for tax purposes 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 101168.
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 benefit to ensure that the activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries.
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
Principal Activities: Purposes and Beneficiaries
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The Sharing Fair Association was established to: -
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relieve poverty
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promote the advancement of education, the preservation of health and the improvement of living conditions in developing countries where the Sisters of the Good Shepherd are active,
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to target the above aims particularly towards women, girls, infants and other persons who are suffering from the effects of adverse social and economic circumstances.
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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.
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to support and enable the instruction and training of beneficiaries in sustainable trades through the teaching and development of skills in manufacture, production, repair, project management, administration and accountancy.
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to promote, facilitate and support the establishment of educational facilities in the interests of economic and social welfare of beneficiaries and with the objective of improving their conditions of life.
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to enable recruitment, selection and sending out of volunteers for short-term service within such areas when necessary in the interests of the Association and for the promotion of its objectives and activities within the area concerned.
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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 2024
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We are happy to share with you highlights of our work in Sharing Fair during 2024.
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Thanks to our volunteers working with the sisters, through donations, we have the following results:
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Total income £ 60,287
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Sharing fair distributions
Donations to various programs £ 50,500
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
Donations
From donations received during 2024 and previous years, the following distributions was made:
| Angola | £1,500 |
|---|---|
| % Purchase of site to Support the Development of Agricultural | |
| Production at Kiminha | |
| Burkina Fasco | £9,000 |
| Empowerment of women and children in BOBO Dioulasso | |
| Paraguay | £5,000 |
| Restoration of the dignity of girls: Creating new life for the survivors | |
| of Human Trafficking and sexual exploitation | |
| Sudan | £5,000 |
| Prison visitation/ Women/ Children/ Men Income-Generating for | |
| Women | |
| Lebanon | £5,000 |
| Summer camp: A moment of happiness amid a Multidimensional | |
| Crisis | |
| Philippines | £5,000 |
| Healing Hearts: Facilitating the recovery of survivors of gender - | |
| based violence. | |
| Sth. West India | £5,000 |
| Addressing migration through creating livelihood opportunities for | |
| women and girls | |
| Brazil | £5,000 |
| Economic empowerment of rural women | |
| Bolivia | £5,000 |
| Therapeutic centre for traumatised women and girls | |
| Indonesia | £5,000 |
| Strengthening community-based protection systems for child | |
| migrants in Ruteng Indonesia |
The various projects we have supported has resulted in happier lives and increased empowerment 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 commitment to helping our mission for women and families in 2025.
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
Financial Review
The Trustees have a procedure in place to review the accounts annually. The accounts for the year to 31 December 2024 show a positive balance of £ 25,742 (Sterling Account) and Euro Account € 14,642 (£ 12,302 equivalent).
The current financial position of Sharing Fair is in a position of being able to meet its commitments.
The Trustees confirm that no harm 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 monitored. Safeguards are further promoted by the supervising presence of Sisters of the Good Shepherd in areas of benefit with whom close contact is maintained. A formal risk assessment process and strategies for dealing with identified risk areas is currently being addressed.
Conclusion
The Trustees of Sharing Fair together with the Sisters of the Good Shepherd internationally, wish to thank the members, volunteers, donors, benefactors and friends of Sharing Fair, for their on-going practical interest and sustaining work on behalf of Sharing Fair and its mission. Over time and to the present day, countless individuals and families in remote villages have benefited from the work of Sharing Fair and the presence of Good Shepherd sisters. Those who have come to our partnership centres have received and continue to receive training, education and crucially the realisation of certain independence and escape from financial and social impoverishment through dignified and sustainable work.
SIGNED ......................................................... DATE: ............................................. Trustee SIGNED ......................................................... DATE: ............................................. Trustee
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
Independent Examiner's Report to the Trustees of Sharing Fair Charity
We report to the charity trustees on our examination of the accounts for the year ended 31 December 2024 which are set out on pages 8 to 10.
Respective responsibilities of trustees and examiner
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is our responsibility to:
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examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
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follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
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state whether particular matters have come to our attention.
Basis of independent examiner'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 general 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:
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That accounting records were not kept in accordance with section 63 of the Charities Act
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of the Charities Act
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That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.
McDONALD O’NEILL & CO Chartered Accountants 5 Union Buildings Union Place Dungannon Co. Tyrone
Date: ..........................
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| INCOMING RESOURCES General Donations and Sundry Gift Aid Tax Refund Received TOTAL INCOMING RESOURCES RESOURCES EXPENDED Administrative expenses Charitable Donations Printing, postage and stationery Motor and travel expenses Accountancy Loss/(Profit) on exchange Domain and emails set up costs Insurance Financial Expenses Bank Charges TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING)RESOURCES RECONCILIATION OF FUNDS Funds brought forward Transfer from Designated Funds TOTAL FUNDS CARRIED FORWARD |
12 Months ended- General Funds |
|---|---|
| 2024 2023 £ £ £ £ 60,287 16,400 - 1,671 __ _ 60,287 18,071 50,500 47,208 59 118 0 0 720 890 640 1,112 650 202 787 0 52,771 50,115 316 437 316 437 53,087 50,552 7,200 (32,481) 30,530 63,011 - - ___ 37,730 30,530 |
|
| __ ____ |
________________ McDonald O’Neill & Co. Chartered Accountants
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SHARING FAIR
BALANCE SHEET – 31 DECEMBER 2024
| Notes 2024 2023 £ £ £ FIXED ASSETS 1 Equipment - - __ _ - CURRENT ASSETS Bank accounts 37,844 30,428 Cash accounts 606 822 38,450 31,250 CURRENT LIABILITIES Accruals & Creditors 720 720 NET CURRENT ASSETS 37,730 NET ASSETS 37,730 ~~~~ FUNDS General funds 2 37,730 Designated Funds 3 - Total funds 37,730 ~~___~~ |
£ - 30,530 ______ 30,530 |
|---|---|
| ~~__~~ 30,530 - ____ 30,530 |
|
| ~~______~~ |
We approve the financial information which comprises the statement of financial activities and the balance sheet. We acknowledge our responsibility for the financial information and for providing McDonald O’Neill & Co. with all information and explanations necessary for its compilation.
SIGNED ......................................................... DATE: ............................................. Trustee SIGNED ......................................................... DATE: ............................................. Trustee
________________ McDonald O’Neill & Co. Chartered Accountants
9
SHARING FAIR
NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
1. FIXED ASSETS
| Fixtures, | Office | Total | |
|---|---|---|---|
| Fitting & | Equipment | ||
| Equipment | |||
| Cost or valuation | £ | £ | £ |
| At 1 January 2024 | 2,778 | 634 | 3,412 |
| Additions | - | - | - |
| Disposals | - | - | - |
| _ | _ | _ | |
| At 31 December 2024 | 2,778 | 634 | 3,412 |
| _ | _ | _ | |
| Depreciation | |||
| At 1 January 2024 | 2,778 | 634 | 3,412 |
| Charge for the year | - | - | - |
| Elimination disposal | - | - | - |
| _ | _ | _ | |
| At 31 December 2024 | 2,778 | 634 | 3,412 |
| _ | _ | _ | |
| Net Book Value | |||
| At 31 December 2024 | - | - | - |
| _ | _ | _ | |
| 2. GENERAL FUNDS | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Brought Forward | 30,530 | 63,011 | |
| Net Incoming/(Outgoing) Resources | 7200 | (32,481) | |
| Transfer from Designated Funds | - | - | |
| _ | _ | ||
| At 31 December 2024 | 37,730 | 30,530 | |
| _ | _ | ||
| 3. DESIGNATED FUNDS | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Brought Forward | - | - | |
| Transfer to General Funds | - | - | |
| _ | _ | ||
| At 31 December 2024 | - | - | |
| _ | _ |
________________
McDonald O’Neill & Co. Chartered Accountants
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