TRUSTEES. REPORT CHARITY NO. NIC101563 JAMES DAVIDSON DORNAN AND DOREEN DORNAN TRUST FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and finanaal slalements for the 12 month period ended 31st December 2023. Trustaos The following are the Charity Trustees al the date of this report.. Joseph Samuel Tale Ichaimianl, Alison Connolly, Brian McGibbon, Roy Humphries and Janet Redinglon. The following served as Charity Trustees during the year under report. Joseph Samuel Tate Ichairmanl, Alison Connolly, Brian McGibbon, Roy Humphries and Janel Redinglon. Stw¢ture, Goveman¢e and Managemont The Trustees are themselves responsible for the structure, govemance, management and administration of The James Davidson Dornan & DOen Dornan Trust. The Trustees are voluntary and those. both past and present, have derived nts personal benefit of any kind as a result of their involvement in the management of The James Davidson Dornan & Doreen Dornan Trust. Misslon Statem&nt The sole mission of The James Davidson Doman and Doreen Dtsrnan Trust is lo support Killinchy Presbyterian Church. Purposes. Aims and ObjectlveslPubll¢ Benefft The James Davidson Dornan and Doreen Dornan Trust invests the ¢apilal sum bequeathed to it by the late Mrs Doreen Dornan and the income derived Iheretrom is paid over to the Kirk Session and Committee of Killinchy Presbyterian Church. The beneffts flowing from the activities outlined include the improved and sustained adminislralion of the Church and the overall moral improvement and edification of the public that derives from it. The benefits can be evidenced through the annual accounts of the Church that set out in detail how the income has been utilised during the year under report and how il has been allocated within the Church itself and throughout the wider community. The Church is open and welcoming lo persons of all ages and of any denomination Professing a Christian faith, person8 of other faiths and of no faith al all. The Chuich plans lo continue the adivilies oudined above in forthcoming years. Actlvities The activity of The James Davidson Dornan and Doreen Dornan Trust. on fool of the Will of the late Mrs Doreen Oornan, is lo provide financial support lo Killinchy Presbyterian Church and the amount of that support during the year under report is included in the accounts for The James Davidson Dotnan and Doreen Doman Trust for the year ended 31 sl De¢etTTrber 2023. The Session and Comtnillee of the Church have absolute discretion in how the funds are ulilised in line with the Church's own objective that being the advancement of religion. Achievoments and Performance During the year ended 31st December 2023, The Trustees of The James Davidson Dornan and Doreen Doman Trust, exercising the powers conferred upon them by The Will of the late Mrs DOen Dornan. invested in non-income prodLJang property Ilhe Manse) for the occupation and use of Killinchy Presbyterian Church. This investment was achieved by altering the lemis of the existing loan lo The Congregation of Killinchy Presbyterian Church. This loan was originally made available lo assist with the renovation and extension ol the Manse al 62 Comber Road, Killinchy, Newtownards, Co. Down. The lemis of the loan were altered making il a non-inleresl bearing facility lo be repaid upon the eartier of 31st December 301911,000 years) or the dale upon which the propety ceases lo be the Manse for Killinchy Presbyterian Church. The investment 15 secured by a 1 st charge over the Manse property al 62 Comber Road, Killinchy, Newtownards. Co. Down. In addition, The Trustees of The James Davidson Doman and Doreen Doman Trust paid over ils income of £7,323 nel of all expenses lo the Church IPY.. £7,323). The ftind is £627.180 Sterling. Please see the accounts for the year ended 3151 Decernber 2023. Page 1
TRUSTEES, REPORT JAMES DAVIDSON DORNAN AND DOREEN DORNAN TRUST FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for Futurg Years The James Davidson Dornan and Doreen Dornan Trust plans lo continue the activities outlined above in the forthcoming forthcoming years, subject to salisfaclory funding being raised. Funds Hgld as Custodian The James Davidson Dornan and Doreen Doman Trust holds no other funds other than those detailed in its accounts. The report was approved by the Trustees, on 5 July 2024 and signed on their beha by.. Trustee Trustee Trustee Trustee Trustee Page 2