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 IC￿StratiOn 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 S￿ViceS 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 c1￿15t1￿n 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 tI￿Oug110ut 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).
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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 ts￿St 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
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