The Burning Bush
Trustees, Report
The trustees present the aDnual report together with the fmancial statements of the charity for the year ended 31
August 2022.
Objectives and activities
Public benefil
The trustees main responsibilities are to increas¢ knowledge of God'5 word through the Bibl¢ and other resources,
mainly in Dungannon and South Tyrone are4 to offer comfort and support to families and persons in ne¢d througb
sickness, death and other issues, and to help support missions in Ireland and overse&s.
The charity raises funds through the sale of books and other religious Tesources in their bookshop & holding events
such as concerts & breakfast mornings. This enables them to increase religious knowledge within the Dungannon
and South Tyrone Area , to offer comfort to persons in ill health or nearing death. or people with family Problems.
This also enables them to increase capacity arnongst missionaries to see the Christian faith improved. advanced and
spread through the income derived from the sale of these resources being r¢-distributed to the religious
organisations.
The tNstees confinn that they have complied with the requireEnents of the Charities Act (Nortbern Ireland) 2008 to
have due regard to the public benefit guidance published by the Charity COn￿niSsion for Northern Ireland.
Aehievements and performance
A very tough and challenging year with ongoing fjnancial issue5 facing so many. people still calling into the shop
seeking help and advise with 50m many issues. As with previows years the shop has tried to help local mission and
tract producers.
Structure* goverD2nce and management
FiDaneial instrurneDts
ObJec¢ivu andpolicies
The charity's activities expose it to a number of fjnancial risks including credit risK cash flow risk and liquidity risk.
The use of financial d¢rivatives is governed by the charity's policies approved by the board of truste¢s. which
provide written principles on the use of fujancial derivatives to manage th¢5e risks. The charity does not use
derivative financial instruments for speculative purposes.
Cashflow risk
The charity's activities ¢xpose it prin]aTily to the financial risks of changes in foTeign cU￿encY exchan(Fe rates and
interest rates. The charity uses foreign exchange forward conlracts and interest rate swap contracts to hedge these
exposur¢s.
Interest bearing assets and liabilities are held at f￿ed Tate to eThsuTe certainty of c&sh flows.
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The Burning Bush
Trustees, Report (continued)
Credil risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments.
The charity's credit risk is primarily attributable to its trade receivables. The amounts present¢d in the balance sheet
are net of allowance5 for doubtful receivables. An allowance for itnpairnLent is made where there is an id¢ntified
loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid fimds and derivative fmancial instruments is limit¢d because the counteryarties are banks
with high credit-ratings assigned by international credit-rating agencies.
The charity h&5 no significant concentration of credit risl4 with exposure spread over a large number of
counterparties aDd custom¢rs.
Llquldity risk
In order to maintain liquidity to ensure that sufficient fimds are availabl¢ for ongoing operations and futtjre
developments, the charity uses a mixtUTe of long-terni and short-term debt f￿ance.
Further details Tegarding liquidity risk can be found in the Statement of accounting polici¢5 in the financial
statements.
The aEJnual report was approved by the trustees of the charity on 14 June 2023 and signed on its behalf by:
Mrs Ruth Neill
Tntstee
Mr Billie Neill
Tn￿te¢
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