South and East Tyrone Welfare Support Trustee, Report The trustee, who are directors for the pury)oses of company law. present the annual report together wtth the financiaI statements of the charitable company for the year ended 31 March 2024. Objectives and activitie5 Our activites are of public benefit as we provide welfare support and financial support lo individuals who are suffering loss and who are suffering psychologically and financially. We strive to work with an under-represented group and have developed a rantse of initiatives which support such affected individuals which leads to increased social in¢lusion and in¢reased involement in the community. We promote and hold activites such as Counselling, stress rnanagement etc to encourage individuals to improve their generdl health and wellbeing which faeilitates victims or survivors to become happier, healthier and more fulfilled cizens. We also operate a befriending service which will encourage individuals who are house-bound. ill and who are isolated to still be active within the community and to remain an integral part of the community. We actively seek to improve the lives of individuals who have been injured or bereaved throutsh no fault of their owi. We help to rebuild self worth 2nd self esteem among victims and survivors. Further benefits are that finan¢ial and economie deprivation is reduced for the benficiaries through access to advice services and other interventions. Victims can be empowered through increased education and increased awareness of the active role they can play within mainstream society. This in turn leads to a strong community spirit and the empowem)ent of the victimslsurvivors to lead active and healthy lives. A core aspect of the work of the organisation is the furtherance of human rights of the innocent v¢itims and Survivors of terrorism and other 'Trouble related violence,. The organisation pursues opportunities to have issues raised through various Strata ensuring that policy is developed in accordance with the needs of those to which it primarly effects promoting more equality and reconciliation and ensuring that a historically marginalised group of victimslsurvivors are SLlPPOrted in having their righls represented and furthered, thus reducing social inequalties. This also has benefits to the wider community in furtherance of a more peaceful and more cohesive society. These benefits are demonstrated through obtaining evaluation fornis for all activities and also asking some participants to feedback to committee meetings orally on both the p051tive and negative aspects of any activity so that we can use the feedback to plan future events and ensure tliey meet the needs of the beneficiaries. There is no harm flowing from our purposes and we mitigate the possibility of harni by ensuring that appropriate signposting takes place to professionally trained counsellors and advisors on specific areas such as welfare to ensure that the advice and guidance received is appropriate and beneficial. The charity's beneficiaries are primarily ex-servicemen, who were affected as a result of terrorism and troubles in Northern Ireland, and member organisations representing the interests of these individua15 but are also the wider publi¢ by creating more public awareness of the issues facing such individuals. The only potential private benefit tlowing from this purpose is that the trustees can benefit as a beneficiary bul would benefit in the same ivay as any other beneficiary would not get any preferential tr¢atment. This is incidental in furthering the overall PUTpose and only applicable if they faIl within the class of beneficiaries. Page 2
South and East Tyrone Welfare Support Trustee, Report Objectives, slralegies and activiti nificant aetivites SETWS Ltd promotes and empowers victims affected as a result of terrorism. SETWS provide5 help in order to build capacity, support and friendship in meeting their indivduals and orgnisation's aims. SETWS Ltd are voluntary and promote the passage of important information throughtout the member groups on issues such as opportunities, benefits training and will look to provide events and activities the interests of the member grooups. We further seek to identify the needs of the local area and where possible respond with positive action to address these needs. We provide social welfare serviees and the provision of welf2r¢ rights advice and information and refer to those in need of professional 2ssistan¢e to the relevant agencies. SETWS promote and carry put, or assist in promoting and carrying out research, surveys and investigations and publish the useful results thereof.. Organise or assist in organising meetings, lectures. classes and exhibitions, and publish or assist in publishing reports periodi¢als, recordings, book or other documents or infom)ation- Facilitate the recruitment and training of volunteers for member organisations with relevant skills to carry oul the objectives of SETWS. Employ, and pay any person or persons. not being a member of the Commiittee, to supervise, organise and carry out the work of SETWS Ltd and make all reasonable and necessary provision for the payment of remuneration to employee5. We promote and organise cooperation in the achievements of the above objects and to that end. To work in associktion with local authorities and voluntary oroanisations engaged in the furtherance of the above objects in the area of benefit. We establish or support any charitable trust5, associations or institutions fonned for all or any of the above objects. The relief of ihose in need by reason of youth. 2ge, ill-health, diability, financial hardship or other disdvantage How: Advice/advocaylinforniation Arts Community development Counsellinglsupport Cultural General cliaritable puropses Grant making Human rightslequality Medical/health/sickne55 Relief of poverty Volunteer development Welfarelbenevolent Who:. Carers Men Mental h¢alth Older people Physical disabilite5 Viclim support Volunteers Women Page 3
South and East Tyrone Welfare Support Trustee, Report Public benefit The objects for which the Charity is established ("the objects) are a) to provide supporL assistan¢e and infonnation directly or indirectly to ex service persons and member organisations in South and East Tyrone affected by leOrIsM b) to further and build awareness to the needs of ex service persons and associated member orgainsation5 in South and East Tyrone, in relation to education and research c) to promote and influence effective care, social support, welfare involvement and support for ex service persons and member oroanisalios in South and East Tyrone affected by terrorism. In these Article. people affected by terrorism" in¢lude individuals who have served in the Security Forces, their cares, families. and any associated ortsanisations directly od indirrctly affe¢t¢d by terrorism Trustees and officers The trustees and officers serving during the year 2nd since the year end were as follows= Trustee: Moira McLain Eileen Roleston Webb (appointed 22 October 2024) Mr Nomian Thom (appointed 22 October 2024) Mr Samuel Moore (appointed ?2 October 2024) Mr Archibald Roleston Secretary- Moira McLain Structur< governance #nd management Financial instruments Objecllves andpolicies The eharity's activities expose it to a number of financial risks includino credit risk, cash flow risk and liquidity risk. The use of financial derivative5 is governed by the charity's policies approved by the board of trnstee, which provide written principles on the use of finan¢ial derivatives to manage th¢se risks. The charity does not use derivalive finan¢ial instruments for speculative purp05¢S. Ca5hflow risk The charity's activities expose it primarily to the financial risks of ¢hanges in foreign currency exchan¢Fe rates and interest rat¢s. llie charity uses foreign exchange fonvard contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. Page 4
South and East Tyrone Welfare Support Trustee, Report Credil risk The charity's principal financial assets are bank balances and cash, trade and other receivables. and investments. The charity's ¢redit risk is primarily attributsble to its trade receivables. The amounts presented in the balanee she¢t are net of allowances for doubtful receivables. An allowance for impairnient is mad¢ where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial Instments is limited because the counterparties are banks with high credit-ratings assigned by international cr¢dit-rating agencies. The charity has no significant coneentration of credit risk, with exposure spread over a large number of counterparties and customers. Liquidity risk In order to maintsin liquidity to ensure that sufficient funds are available for ongoing operations and fitture developments, the charity uses a mixture of long-tenn and short-term debt finance. Further details regarding liquidity risk ean be found in the Statement of accounting policies in the financial statements. Statement of trustee, responsibilities The trustee {who are also the directors of South and East Tyrone Welfare Support for the purposes of company law) are responsible for preparing the trustee, report ajid the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ir¢land" Company law requires the trustee to prepare financial statements for each financial year. Under company law the trustee must not approve the finan¢ial statements unles5 they are satisfied thal they giv¢ a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustee are required to.. select suitable accourkting policies and apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates Ihal are reasonable and prudent- state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the finanrial statements. and prepa the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busine55. The trnstee are responsible for keeping proper ac¢ounting records that Can disclose with reasonable accuracy at any time the financial position of the charitable company and enable thern to ensure that the financial statements comply with the Companies Act 2006and Charities Act (Northem Ireland) 2008. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and det¢¢tion of fraud and other irregularities. Page 5
South and East Tyrone Welfare Support Trustee, Report The trustee are responsible for the maintenance and integrity of the corporate and financial inforniation included on tEie charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trnstee of the charity on 21 January 2025 and signed on its behalf by: Moira McLain Company secretary and ffiistee Mr Archibald Roleston Trustee Page 6