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Glastry Presbyterian Church Trust Fund
Report of the Trustees
for the Year Ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),
; | OBJECTIVES AND ACTIVITIES Objectives and aims | The objective of the charity is the payment of trust income to Glastry Presbyterian Church which is to be used for charitable purposes. i i The trustees have taken instruction on the Charities Act (Northern Ireland) 2008. They have considered in particular the : obligations imposed under the public benefits test and can confirm that the charity meets the criteria set down therein. Glastry Presbyterian Church Trust Fund became registered with The Charity Commission for Northern Ireland on 10 i November 2015. | FINANCIAL REVIEW Financial position 3 The detailed results for the year and the charity’s financial position at the year-end are shown in the attached financial statements. i The total unrestricted incoming resources for the year amounted to £219,954 (2024: £64,896), with expenditure of q £195,396 (2024: £65,841), resulting in net outgoing resources for the year of £1,834 (2024: incoming resources of £945). This leaves unrestricted funds of (£887) at the year end (2024: £1,735).
The sole incoming resources of the charity is income from its investment portfolio, managed by Evelyn Partners (formerly Smith and Williamson).
| STRUCTURE, GOVERNANCE AND MANAGEMENT i Governing document | The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated chatity. i The charity is governed by a Trust Deed. | The charity is constituted by the trustees who manage and direct the charity. | REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 103074
Principal address c/o Russell & Co ; 11 Lower Mary Street I Newtownards Co. Down BT23 4JJ
Trustees
C Haddick M Morrison ; Ms S Newell i B Leeson (appointed 6/4/2024) | * ee | neI re
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Glastry Presbyterian Church Trust Fund
Report of the Trustees for the Year Ended 5 April 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co, Down BT30 6DS Approved by order of the board of trustees onOLY... and signed on its behalf by:
_ — Ms S Newell - Trustee
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