Apostolic Work Down & Connor Trustees. Annual Report Year ended 30 November 2022 The trustees present their report and the unaudited financial statements of the charrty for the year ended 30 November 2022. Reference and administrdtive details Registered charity name Apostolic Vlork Down & Connor Charity registration number NIC102490 Principal office Down & Connor Centre Xavier House 156 Cliftonpark Avenue Belfast BT14 6DT The tteeS Mrs M McGrath Mrs G Goodall Mrs J O'Boyle Mrs P Vthite Independent examiner Dermot Corr {FCA) DC Corr and Company 29B Main Street Randalstown County Antrim BT41 3AB Structure. governance and management Apostolic work, Down & Connor is an unincorporated charity. The l)oard of Truslees are responsible for the Strateg management of the charty. Trustees are responsible for making decisions on matters of day to day running of the charity. future projects and all matters concern to the charity. The Trustees also make decisions on how fijnds are allocated and on bills to be paid. New trustees are interviewed by the Board of Trustees and then put to the Membership Executive for approval. The charity ensure new Trustees receive relevant training from the President and the board of Trustees. Risk Mana ement The Trustees review the major risks whh the charity fa and believe that the policy on reserves, as ststed below provides sufficient resour$ in the advent of adverse condrtions. The trustees examine business and other operational risks by the charity and confimi that systems to monitor and mitigate significant risks are in place.
Apostolic Work Down & Connor Trustees, Annual Report Icontinuedj Year ended 30 November 2022 Objectives and activitles The purpose of the charty is the prevention of relief of wverty, the advancement of religion, the financial hardship or other disadvantage. Through fundraising activities and donations, we are able to respond to request from Missionaries in overseas and developing countries. Throughout the year we have funded projects for the relief of povety, educationltraining, religious activities, medicavhealthlsickness, community transpor¢ counsellinglsupport, disability, oversea aidlfamine relief, accommodationlhousing, community development, playgrouplafter schools, volunteer development and general charitsble purwses. Main activities Donations, member subscriptions, Gfft Aid, cake sales, coffee mornings, Christmas & Easter events, table qUE, ballots, tombola. bingo tea. Public benefit The Trustees have had regard to the Public Benefit Requirements of the Charity Commission. Achievements and perforniance We have provided details of all our donations received and missionaries helped. There was a significant increase of £193.802 in incomes r1Ved this year due to one off benefactory donations and other increased donations However the covid 19 pandemic still continues to have an impact in reducing donations from parishes in comparison to pre-pandemic years. This has a direct impact on the amount of expenditure sent to the missions. Financial review The results are set up on pages 9 to 17 and show for the year ended 30 November 2022, Apostolic Work Down and Conor had a surplus of funds of £118,142. The closing bank balance is £395,890. During the year, there was a one off benefactory donation which increased the income received but Covid 19 still has a significant impact on the reduction in the income received in the period and in the next year to 30 November 2023. Th?. amount nf pxpp.nditure will reduce attordingly. The trustees expect the income to retum to pre-covid 19 levels On the thurches and parish ntreS are allowed to re-open. Reserves The reserves are part of the charity's unrestricted funds that are freely available to spend on any of the charity's purwses. The reserves policy of the chanty is to hold reserves that represent a minimum of three months exFenditure of the organisation. The Statement of Financial Activities shows a net increase in Unrestricted fvnds of £118,142 and a change ot restncted funds of £Nil. The charity has a totsl charity funds of £574.798 at 30 November 2022. Plans for future periods The charity intends to continue to [ret Its objectives in the future, maintaining the projects it currently supplies.
Apostolic Work Down & Connor Trustees. Annual Report (continued) Year ended 30 November 2022 The trustees. annual report was approved on trustees by: and signed on behalf of the board of '&,IL Mrs M M¢Grath Trustee