The Burning Bush Trnstee5' Report The thjstees present the annual report together with the finaucial statements of the charity for the year ended 31 August 2024. ObjeetAve$ and activities Public bene The trustees responsibilities are to increase knowledge of God'$ word through tbe Bible and other resources. maÈnly in Dungannon and South Tyrone area. to offer comfort and 5UPPOrt to families and persons in need through sickness, death and other issues, and to help support missions in Ireland and overse&s. The charity rais¢$ fiTnds througb the sale of books and other religious r¢50urce5 in their bookshop & bolding events such as concerts & breakfast rnornings. This enables the to increase Teligious knowledge within the Dungannon and South Tyrone Area , to offer ¢omfort to persons in ill health or nearing death, or people with family problems. This also enables them io increase capacity amongst missioriari¢s to see the Christian faith improved. advanced and spread through th¢ income derived from th¢ Sale of these resources being r¢-di5tributed to the religious organisations. The trnstees confirni that they have complied with the requirements of the Charities Aei (Northern TrelaDd) 2008 to have due regard to the publi¢ benefit guidance publisbed by the Charity Commission for Nortbern Ireland. Achievemettts and perfonnance A ¢hallenging year with ongo5ng fancial issues facing 50 rnany. Trade would have been down particularly from Januwy. however people still ¢alling into shop seeking help aud advice with so many issues and strnggles. People of different languages call in for help from form filling to spiritual. As in previous years the shop has tried to help local Jnissions arAd tract producers etc Structure? governance and managemeDt Flnancial instrnments Objeclives andpollcles The charity's activities exp05¢ It to a nu)nber of finalleial risk5 including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by th¢ tharity's policies approved by the board of trustees, which provide written princyples on the use of financÈal derivatives to manage these risks. The clwity does not use derivative fin2n¢ial instsiunents for speculatlV¢ PUTP05es. Cashjlow rlsk The chariry's activiti¢s expose it primarily to the financial risks of changes in foreign curreney excballge rates and nterest rates. The charity u5¢s foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilÈlies are held at fixed tate to ensure certainty of cash flows. Page 2
The Burning Bush Trustees, Report (continued) Credil risk The charity's principal financial assets ar¢ bank balaDce5 and Ca$ tr¢ and other receivables. and investments. The charity's credit risk 15 primarily attributable to its trade receivables. The amounts presented in the balance sheet are uet of allowanc¢5 for doubthl receivables. An allowance for impainnent is made where there is an identified loss ¢vent Whic based on previo8 experience, is evidence of a reduction in the recoverability of the cash flows. Th¢ credit risk on liquid funds and deriyative financial instrt]rnents is limited becaLse tb¢ counterparties are banks wtth high credit-rdtings assigned by tnternational credit-rating agencies. The charity has no sigDificaBt concentratioll of ¢r¢dit risK witb exposure spread over a large number of counterparties and custom¢r5. Llquidity r&sk In order to maintsin liquidity to ensure that sufficient funds are awdilable for ongoing operations at)d tllre developments, the chtirity uses a mixture of long-tetTn and short-term debt finance. Further details regarding liquidity risk can be found in th¢ Statement of accounting policies in th¢ financial statements. The annual rep¢)rt was approved by the te¢S of the charity on 27 May 2025 and signed on its behalf by: Mrs Ruth Neill Mr Billie N¢ill TnJst¢e Page 3