Page 1 GLASTRY PRESBYTERIAN CHURCH TRUST FUND Trustee's Annual Report Year ended 5 Aprll 2023 The trustees present their report and the financial statements of the charity for the year ended 5 April 2023. Reference and administrative details Registered charity name: Glasty Presbyterian Cl)urch Trnst Fund Registered charity number: Charity Commission Number 103074 Chaiity's principal address: clo I l Lower Mary Sts'eet, Newtownards, County Down, BT23 4JJ The trustees The trustees who Seed the charity during the year were as follows.. Mr C Hdddick Mr M Morrison Ms N Bell Ms S. Newell Structure, governance and management The ChltY is governed by a Trust Deed. The charity is constituted by the trustees who manage and direct the charity. Objectives and activities The objective of the charity is the payment of trust income to Glastry Presbyterian Church which is to be used for charitable purposes. The trustees have taken instruction on the Charities Act (Northern Ireland) 2008. They have considcrcd in particular the obligations imposed under the public benefits test and can confirm that the charity mcets the criteria set down therein. Glastry Presbyterian Church Trust Fund becaine registered with The Charity Commission for Northern Ireland oll l O November 2015. Financial review The detailed results for the year and the charity's financial position at the year-end are shoThTh in the attached financial statements. The total unrestricted incoming resources for the year amounted to £66,783 (2022: £60.801). with expenditure of £64,338 (2022: £68,953), resulting in iiet incoming resources for the year of £2,446 (2022: outgoing resources of £8,152). This leaves unrestricted ndS of £2,680 at the year end (2022: £235). The sole incoming resourc¢s of the charity is income from its investment portfolÈo, managed by Evelyn Partners (foi"merly Smith and William50n),
Page 2 GLASTRY PRESBYTERIAN CHURCH TRUST FUND Trustee's Annual Report Year ended 5 April 2023 Responsibilities of the Trustees The Charities Act (Northem Ireland) 2008 requires thc Trustees to pr¢pare financial statcments for each financial Ye which give a trLie and fair view of the state of affairs of the chaiity at the end of the year and of the incoming and outgoing resources for th¢ y¢ar thcn ended. In preparing those financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent. The Trustees must also prepare the financial statements on the going concein basis unless it is inappropriate to presume that the charity will continue its activities. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that tl)e financial statements comply with the Charitics Act (North¢in Ir¢land) 2008 and applicable accounting standards. The Trustees are also responsible for safeguarding the assets of the charity alld hence for taking reasonable st¢ps for the prevention and detection of fraud and other irregularities. Signed by Trustee.. Mi. C Haddick Trustee