Charity No 102045 THE COUNTY ARMAGH PROTESTANT ORPHAN SOCIETY ACCOttNTS- YEAR ENDED 31 DECEMBER 2022 WHR ACCOUNTANTS LTD 26 THE SQUARE MOY DUNGANNON BT717SG
155th ANNUAL REPORT The County Armagh Protestant Orphan Society 46 Abbev Street, Armagh, BT617DZ The Trustees of the County Armagh Protestant Orphzn Society are pleased to present thelr 155 Annual Report in respectof the yearended 31 December 2022. th Trustees who acted during the year are as follows: The M05t Rev. John McDowell, the Revd Canon William Adair, the Revd Canon Neville Hughes, the Venerable Terence Scott, the Revd C3non Teren Cadden, the Very Revd shane Forster, the Revd Canon Malcolm Kingston, Mrs H. Galway. The Executive Committee met in person for the first time 5incethe COVID pandemlc on Monday 5 Detsmber 2022. The resignations of Canon Hughes 3nd Mrs Galway were received at the meetlng. The death in December 2021 has been since reported of Mr Harry Anderson, who was first elected tothe Committee in 1988. Ih The purpose of the Society isto prowde direct financial help to young members of the Church of Ireland who have been orphaned in County Armagh and, with discretion, to assist other orphans in special circumstances. The Society pays grants on behalf of young people in the Church of Ireland, one or both of whose parents deceased. All applications for benefit are considered aftersubmission of a form certified by the Clergy of the Parish to which the applicant belongs. The Trustees have regard to the public benefit statutory guidance produced bythe Charities Commission when engaged In the activitles of the Soclety. The Society would again Ilke to thank all of those Parishes and groups who supportthe work of the Society in assisting orphans 11th1n the County. The Society needs more contributions to meet the demands upon it 3S It is paying out more in grants and expensesthan tt receives. Parishes are asked to continue and, If possible, increase their support. In 2022 the Society ha5 provided assistance to nine young people to a total value of £7,425. Income from parishes, however, amounted only to £3,637. On 31" December 2022, the Society had cash reserves of £47,141 (£38,146 at end of 2021) and equty investments valued at £267,466 (£316,552 at end of 2021). Rectrjrs are reminded that app5ication forms for grants on beEialf of those eligible should be made each year, the applicatlon forms being returned to the Hon. Treasurer before the beginning of March. Approved by the Trustees and signed on their behalf bv kuL U ChaÉrman June 2023
THE COUNTY ARMAGH PROTESTANT ORPHAN SOCIETY LNDEPENDENT EXAMINER'S REPORT TO THE CHARJTY TRUSTEES OF THE COUNTY ARMAGH PROTESTANT ORPHAN SOCIETY I report on the accounts of the charity for the year ended 31 December 2022. Respective responsibilities of charity trustees and examiner: As the charity's trustees you ar¢ responsible for the preparation of the accounts in accordance with the Charities Act (Northern treland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act, to follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act to state whether particular matters have cotne to rny attention. Basis of independent examiner's report: I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance wÉth the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as chlty trustees concerning any such rnatters. My role is to state whether any material matters have come to my attention giving me cause to believe: l . That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. Tliat there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. 2S Andrew Gilpin ACCA WHR Accountants Ltd Independent Examiner 26 The Square Moy Dungannon Date
The County Armagh Protestant Orphan Society Statement of Receipts and Payments - Year Ended 31 December 2022 Unrestricted Funds Endowment Funds Total 2022 Total 2021 Receipts Donations Dividends Bank Interest 3,649 5,383 97 3,649 5,383 97 3,238 4,705 148 9,129 9,129 8.091 Payments: Grants and Doiiations Governance Costs 7.425 3,005 7,425 3,005 9.550 3,300 Total Payments 10.430 10,430 12,850 (Deficit) for the year (1.301) (1,301) (4,759) Approved by the trustees on 202i and signed on their behalf by:_ The Most Reverend John Chairman owell The Rev'd Gregory Dunstan Hon. Secretary
The County Armagh Protestant Orphan Society Statement of Assets and Liabilities - Year Ended 31 December 2022 Unrestiicted Funds Endowment Funds Total 2022 Total 2021 Funds Reconciliation: Investments, Cash and Bank 31.12.21 (Deficit) this year end Profit on Investments sold and reinvested 302,314 (1,301) 302.314 (1,301) 13,938 296,458 (4,759) 10.615 Investments, Cash and Bank 31.12.22 314,951 314,951 302,314 BanK Cash Balances & Investments: Building Society Deposit Accounts Bank Current Account Cash in Hand Equity Investments Other Assets 24,833 4,498 17,810 267,645 165 24.736 1,499 11,911 264,003 165 314,951 302,314 Included above are equity investments whose market value at 31 December 2022 was £267,466 (2021- £316,552). Approved by the tnistees on S" jL 2023 and signed on their behalf by".- The Most Reverend Joh Chairman McDowell The Rev'd Gregory Dunstan Hon. Secretary