Clty of Belfast Grand Black ChApter- Benevolent Fund AnnuAI General Meetlng Report from the Trustees. For the year endlng March 2024 CINO 102876 Preamble The Fund was founded in 1908 and was established for the relief of those Sir Knights of the City of Belfast Grand Black Chapter and subscribing District Chapters. or the families or deIdents of such current or decEased Sir Knights, or to other persons who are nSIdered, at the absolute discretion of the Trustees to be in need by reason of youth. age. ill health. disability, financial hardship or other disadvantage through the provision of financial assislance and to further such other purposes that are charitable under the law of Northern Ireland &8 the Trustees in their absolute discretion from time to time dotenni1. Trustees Alan MclntosK Spencer Beattie, Ronald Walker. Numbering three. Governance The Trustees as charity trustees have ntrol of the Charity and its propkny and funds. The Trustees shall athninister the fund as outlined in any additional bylaws as agreed by the Committee of Management and in compliance with the Trust Deed agreed at AGM 2 June 2015. The Trustees will ensure the Charity complies with the relevant Charities Law in Northern Ireland and will furthennore make sure that a proper accounting procedure is in place in rA)mpliance with the current legislation. Review of Activitie8 During the year the Fund made grant payments of £26.500.00 an increase of £5.3(K).(X) from l&st year, giving financial help to assist the needs and afford support to the benefit of mem or the families of members, in compliance with the stated purw>ses of the Fund This year the subscriptions remain Lx)nstant and there w&8 a small incrthse in the donatioA8. The annual fluctuation is beyond the Thtro1 of the trustees.This year w¢ retK)rt a Iws of fMIO.48.
The Investment rtfoliO Continu to perforni very well and produces a satisfactory return. This allow the aims and objectives of the Benevolent Fund to be securcd. The Financial and Investment p)licy of the Fund is under constant review by the Trustees to maintain reserves at such a level as limits risk from future downturns in Fund Income. The Trustees continue to be conscious that voluntary donations and subscriptions cannot be relied upon as a continuing and certain source of incoming resources. Conelusion. This rew)rt accepted at the AGM on Friday 10 June 2024 Chairman of TteeS Alan Mclntosh 4L14 'Jii 4 Icv'4cjitrJ( i)?oiliii' IP.Oi bi Ih Iri,'usi )db,',614. 11? ilJ(tfi IJ lil Lt,, 1)1