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
de￿Idents 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 T￿￿teeS
Alan Mclntosh
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