Apostolic Work Down & Connor Trustees, Annual Report Year ended 30 Novembér 2023 The trustees present their report and the unaudited financ1 statements of the charity for the year ended 30 November 2023. Rèference and administrativ• d•tails Registered charity name Apostolic INork t)own & Connor Charity registration number NIC102490 Principal office Down & Connor Centre Xavier House 156 Cliftonpark Avenue Belfast BT14 6DT The trustees Mrs M McGrath Mrs G Goodall J O'Boyle Mrs P Vthite Independent examiner Dernt Corr (FCA) DC Corr and Company 29B Main Street Randalstown County Antrim BT41 3AB Structure, governance and management Apostolic work, Down & Connor is an unincorFrf)rated chanty. The board of Trustees are reswnsible for the strategic management of Ihe charity. Trustees are responsible for making decisions on matters of day to day running of tho charity, future projects and all matters of concern to the charity. The Trust*s also make decisions on how funds 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 th8 President and the board of Trustees. Risk Mana ement The Trustees review Ihe major risks whiGh the Gharity frdces and believe that the policy on reserves, as stated below provides sufficient resources in the advent of adverse conditions. The trustees examine business and other operational nsks faced by the chanty and confimi that systems to monitor and mitigate significant risks are in place.
Apostolic Work Down & Connor Trustees. Annual Report (conlinued) Year ended 30 November 2023 Objectives and activities The PLJrpose of the charty is the prevention of and relief of povety, the advancement of religion, {the finanGial hardship or other disadvantage). Through fundraising activities and donations, we are able to -t- from M1==ionaric in OVeW*JCa- -pond to reque- and dcvcloping countries. Throughout the year we have funded projects for the relief of poverty, educationltraining, religious activities, medicallheallhlsickness, community tran5POrt. counsellinglsupport, disability, oversea aidlfamine relief, accommodationlhousing, communty development, playgrouplafter schools, volunteer development and gener21 chantable pur[KS. Main activities Donations. member subscriptions. Gift Aid. cake sales. coffee momings. Christmas & Easter events, table quiz, ballots, tombola, bingo tea. Public benefit The Trustees have had regard to the Public Benefft Requirements of the Charty Commission. Achievements and perforniance We have provided details of all our donation¥ received and missionaries helped. There waa a reduction of £143,351 in incomes received this year. In the prior year, incomes were higher 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 sUlts are sct up on pagcs 8 to 16 and show for thc year endcd 30 November 2023, Ap05tolic Work Down and Conor had a deficit of funds of £98.905. The closing b2nk balance is £287.054. Reserves oli The reserves are part of the charity's unrestricted funds that are freely wiailable to spend on any of the charity's purposes. The reseNes policy of the charity is to hold reserves that repre3ent a minimum of three mnths expenditure of the organisation. The Statement of Financial Activities shows a net decrease in Unrestricted funds of £98,905 and a change of restncted ndS of £Nil. The charity has a total charty fvnds of £475.893 at 30 November 2023. Plans for future periods The charity intends to continue to meet its objectives in the future. maintaining the projects it currently supports.
Apostolic Work Down & Connor Trustees. Annual Report (¢tinued) Year ended 30 November 2023 The trustees, annual report was approved on 23rd February 2024 and signed on behalt of the board of trustees by: Mrs M McGrath Trustee