Wllliam MacAlister Settlement No. 2 Trustee's report For the year ended 31 December 2022 Tlie Tiustee presents their annual ieport togctlier witli the Financial statements OF die Trust Eot the January 2022 to 31 Decembei 2022. Tlie cliaLIty ICStratiOn number is 103368 arAd die Iegistered office is 50 Bcdford Stt'eet, Belfast, BT2 7FiV. Objectives and activities a. Policies and objectives Tlie Tmst's object(ve is to provide Fund5 to Ncwtoivncroinmclin PresbyteLiaTh Cliuic17 to assist ividi paying die salary of tlie ministei OF tl)e cliuich oi in the Alternativc to pay For dic SViceS of an organist or caretaker of the cliiircli. b. Main actlvities undertaken lo further the Trust's purposos for the public beneflt T]ie Tiiisgs m2in puipose is to manage die investments and pa)1 tlie net income Fiom diose investments to auginent the income OF die Minister OF tlie NewtowncroiThncbn Piesbyterian Cliurcli. Mie direct benefits ivl]icli floiv fiom die piovision of Eunds to Newtowncrommeh'n Prcsb}Tterian Cliurdi include tlie salary of the ministel Ln tlie cliuLch vlllcll in tuin allows the churcli to continue to advance tlie c115t1n F21tli and die belief in its PLinciples by L2ising awareness and understanding in the local area and Among tlie congregation for public iVOLslllp. I'lic diiect benefits arc dcmonstL?ted duDu811 it¥uldi ttvaluation of tlie Lcquirement And usefulncss of tlie piovision ot" tunds and liow diis promotC5 understanding and aivareness of die Clllistian faitli. Achievements and petfotmance a. Review of activities Tlie TLU5t continued to ptovide ndS to the Cliurch during tlie yeAr, and the Trustee is pleased witli die results OE the Trust tIOug110ut die year. b. Investment policy and porformance Tlic Trust manages a portfoijo and pay5 tlie net income generated Fiom tliat portfolio on a periodic basis to die NeivtoivncLoinmelin Prcsb}Iterian Cliurcli. Financial review a. Golng concorn After making appropriate enquiifies, the trustee has a reasonable expectation diat tlie Tivst has adequite resources to continue in opeiational eyistence for tlie foreseeable future. For this ieason they continue to adopt the going concern basis in prepaying tlie financial statements. Fuitliu details regaIth'ng tlie adoption of die going concern b2SIs can be Found in tlie Accounting Policies. b. Reserves policy Iie Tiijst Iiolds reseLves Sufficient to mect the day to day requiremcnts OF operations. e. Financial ovorview Duiii)g ycar die crusi made a loss of £1 1,318 (2U21 prolit £3,160). At the end OF the yell die Trust had net assets of £64.535 (2021-£75,853). Page 2
William MacAllster Settlement No. 2 Trustee's report Icontinuedl For the year ended 31 December 2022 Sttucture) govemance and management a. Constitutlon Tlie trust deed states that die princip21 activity of the tsSt 15 to provide funds to Neivtowncrommelin PresbyteriaA Cliurcli to Rssist with paying die SA12ry of tlie minister OF die chuich ot in the alternative to pay for tlie seLvices of an orgaThst or caretaker of tlie churclL There havc been no clianges in the objectives since the last annual teport. b. Methods of appointment or election of Trustee Tlie mAnAgcinent of the Trust IS the responsibility of tlie Tn]5tee ivlio arc elected and co-opted under tlie terms of tlie Settlement Deed. Cleaver Fulton Rankin Tiustees Limited wa5 the sole ttustee during tlic curicnt and piior year. Tlie (IiL'ectots of Cleaver Fulton Rankin Tiustees Limited are: K L Blasr J rorrester M IC G Griham statement of Trustee's responsibilitles The TLUStee 15 responsible for preparing the Trustee's report and the finAncial st2tements in accordance ivith applicable laiv and United I<ingdom Accounting Standards (United Kingdom Geneiall}, Accepted Accounting Piactice Tlic law applicable to clYArities in Noitliem Iieland requires the Trustee to prepare financial 5tatcments for each financial wliicli give a true and flir vieiv of die state of affairs of tlie Tiust and of it5 incoming resouices and application OF Lesources, including its incoine and expenditure, EOI tliat period. In preparing tliese financiAI statements. the Twscee is required to: select suitable accounting policies 2nd then apply them consistendy. obsctve the metliods and ptinciples of the Charities SORP (FRS 102). make judgements and accounting eslimates tliat are teasonable and piudent. stfite ivhethet applicable UK Accounting Standalds (FRS 102) have been folloived, subject to any material departures disclosed and explained irA the financial statements. prepaie die financial statements on the going concern ba5fis unless it is inappiopiiate to piesume that tlie Tlust ivill continue in business. The Trustcc arc responsible for keeping adequatc accounting records that are sufficient to shoiv and explain the Trust's transactions and disclose ividi teasonable accuracy at any time the financial position of tlie Trust Aiid enable them to ensure that the flnaocial statements comply ivitli tlie Cliarities Act (Northern Iieland) 2008, tlie Ch21ities (Accoiints and Reports) Regulations (Northern Iieland) 2015 and the provisions of the TL115t deed. Tliey are also Icsponsible for safeguaiding die assets of the Trust and hence For taking £eAsonable steps for the pievention and detection of fraud and other irregularitie5. Approved by order of tlie membeIs of die board of TIustee on 25 October 2023 and signed on d]eir behalf b},: Cleaver Fu rustee) n Rankin Ttustees Limited Page 3