Trustees, Report for the year ended 31 December 2021 The Trustees present their report along with the financial statements of the Charity for the year ended 31 December 2021. The financial statement5 have been prepared in accordance with the accounting policies set out in Note l of the financial statements, and comply with the Trust Deed and applicable law. Objectlves and artivities The objective of the Charity, as stated in the Trust Deed. is the advanrnent of the Christian Faith through the publication of literature and in such other ways and in such parts of the United Kingdom or Ireland or the world as the Trustees from time to time may think fit. The principal activity of the Trust Is to print and make available for distribution Christian literature, and to also post it on their website. Achievernents and performan¢e Trustees Report for 2021 Achievements ond Performance The Trust commenced 2021 somewhat restricted by the on-going government guidelines and lockdowns due to the covid-19 restrictions. The trustees met by Zoom over the 2021 year. Throughout the year we improved our social medla platforms and kept in ¢ontart with our supporters by way of our 'Cherith Gospel Outreach, prayer letter. Throughout the year requests for Cherith Gospel Outreach booklets and tracts continued. Thls Induded a request for our'No Longer Hopind booklet in Irish to be distributed on Arranmore Island. A new tract called'Familv Christmas, was written by Dick Keogh our Chairman for Thurles Baptist Church. 4000 copies were printed and distributed in the Thurles area of Co Tipperary. Dick and Mary Keogh distributed a furrher 1000 of these along with a Calendar. Bibles and variou5 pieces of Cherith Gospel Outreach literature was glfted to the Faith Mission Gospel Truck ministry. The India project continues. 150,000 copies150,000 in Telegu, 50,000 in Tamil and 50,000 In Engllshl of the booklet'New Life in Luke, wa5 ordered to be printed by the Revival Movement to be sent to India at an appropriate time. It Is our objective to send 1,000,000 copies of the'New life in Luke, booklet to India over time. To continue to upgrade and modernise our social media platforms and to continue to provide gospel literature for distrlbutlon by Christian workers in Ireland and overseas. The Trustees have had reEard to the statutory guidan in respect of the Public Benefit Requirement published by the Charity Commission for Northern Ireland. Financlal review Results The Trust received £5,31612020: £3,861) during the year, through voluntary donations and the sale of publications that the Trust prints. Spending on direct charltable attivity was £2,89212020 £7,918). As a result, the trust had net income of £2,42412020 net expenditure of £4,057). Page | 3
Trustees, Report for the year ended 31 December 2021 (cont. Reserves policy The Trustees are conscious of the need to be prudent regarding expenditure, and this is monitored carefully. In the event that funds are depletin& then expenditure is curtailed accordingly. Risk monagement The Trustees have examined the major busine55 and operational risks which the Trust may face Isee below). roxotion stotus As a charity recognized by HM Revenue and Customs IHMRCI, the Trust has no liability to taxation on its charitable activities. Strurture. governance and management Cherith Gospel Outreach Trust is a char(ty recognized by HMRC, constituted under a Trust Deed dated 17 December 2015. It is registered with the Charity Commission for Northern Ireland as of 12 January 2016, as required by the Charities Art (Northern Ireland) 2008 las amended). Trustees are appointed by the Board of Trustees and serve for an Indefinite period. Those Trustees who have served during the year are set out on page 2. The Trustees meet twice a year. No trustee is remunerated for their serVIS as trustee, but they may be reimbursed for authorised expenses they have incurred on behalf of the Charity. The Trustees have appolnted Mr Michael Mccarter, Jackson Andrews Chartered Accountants as independent examiner of the financial statements. Risk The Trustees consider that there is one area of risk facing the Charity- Financiul.. The Charity relies entirely on the income received from voluntary donations which enable it to achieve its objectives. Should there be a significant reduction in income the Trustees would make use of reserves and curtail the making of gifts in order to ensure the Charity's financial stability until additional income could become available. Pa8e14
Trustees, Report for the year ended 31 December 2020 (cont.) Trustees. responsibllltles Sn relatlon to the financlal statements The law applicable to charities in Northern Ireland requires the Trustees to ppare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and ol its financial position at the end of the year. In preparing those finanoal statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently: make ju(Igments and estimates that are reasonable and prudent,. state whether applicable accounting standards and statements of recommended practice have been followed, subjett to any departures disclosed and explained in the financial statements; and prepare the financial Statements on the going concern basis unless It Is Inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping accounting records which disclose with reasonable accuraty at any time the financial p051tion of the Charity and enable them to ensure that the financial statements cornplywith the Charities Act (Northern Irelandl 2008 las amended), and The Charities (Accounts and Reports) Regulations INorthern Iland) 2015. They are also responsible for safeguarding the assets of the Charity and hence for taklng reasonable steps for the prevention and detection of fraud and other irre8ularities. Approved by the Trustees on J !: ! o . and signed on their behalf by aL2Cs Donald Coulter Page | 5