The Churches, Training Company Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Year ended 31 March 2024 The Iruslees. who are also the directors for Ihe purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and admlnistrative detall8 Registered charlty name The Churches, Training Company Ltd Charity reglstratlon number NIC103433 Company reglstratlon number N1027659 Prlnclpal offlce and registered 11 Limavady Road offlce Waterside DerrylLondonderry BT47 6JU The trustees Mrs D Rudd- Chair Mr M Agnew Treasurer Mr B Bell Rev Canon S R Boyd Rev Fr M Canny M5 J Helherington Rev C Jones Mrs J Miller Mr D McGowan Mr J O'Kane Mr A Rowan Deacon M Skuce (Retired 21 September 2023) Member The Churches. Trust Llmiled Chlef Executlve Mary Holmes Independent examiner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry BT47 6JU The Churches, Training Company Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectors, Report) Iconllnuedj Year ended 31 March 2024 Structure, governance and management The organisalion is a charitable company limiled by guarantee, incorporated on 27th July 1993, accepted as a charity by HM Revenue & Customs under reference XR44841 and registered with the Charities Commission for Northern Ireland on 251h January 2016 Under charity number 103433, The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of th8 company being wound up members are required lo contribute an amount not exceeding £5. The Directors are appointed by the Member Trustees of the charity's parent company, The Churches. Trust Limited. who are the leaders of the Church of Ireland. Methodisl Church, Presbylerian Church, and Call)olic Church in the North Wesl area. Each Member Trustee appoinls one clergy and two lay people to serve as Directors on the Board. The Directors are responsible for the strategic direction, and the overall management and accountability of the organisalion. The Board meel every six lo eight weeks. Board membership is diverse in ils representation across communities and has a broad skills and expertise base, including financial management, PR, Heallh & Safely and various community & voluntary sector roles. The Directors delegate responsibility for day-lo-day operalions to the Chief Executive and staff team. The Chief Executive provides direcl line management for staff employed. The organisation has developed robust systems and procedures for monitoring and evaluating its work, primarily shaped by the reporting and accountability obligations defined by funding bodies. regulatory organisations and various slakeholders. These systems include mechanisms for ongoing review and evaluation and feed directly into reports lo the Board of Directors, which include the following.. Financial management (including monthly management accounts) Performance results againsl targets Stakeholder relationship development Regulatory, audit and compliance mallers Policy and procedure development and approv81 New inilialives Human Resource and other organisational matters Project I service evaluation and review Objectlves and activitles The charity's objects are 'to advance education and lo provide vocational Iraining services in Northern Ireland and the Republic of Ireland... The charitable purposes of The Churches. Training Company Limited are. the a¢Jvancement of education and vocational Iraining and the prevention or relief of poverty in areas of social and economic deprivation, particularly among unemployed people, by addressing the lack of opportunity to develop skills and the low levels of training and education attainment, and by enhancing individuals, employment prospects. The charity's truslees have had regard to the Charity Commission for Northern Ireland's guidance on public benefit. The Churches, Training Company Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectors. Report) fconilnued) Year ended 31 March 2024 Achlevements and performance The primary activity of the company during the reporting period was Ihe operation of Twice But Nice charity shop. Our office location and charity shop 15 51tualed near some of the most deprived wards in Northern Ireland. The shop generales income thal supports some the charitable aims of the organisalion. It is more importantly recognised as an unsung social service where people from all faitli traditions come in to find support and friendship - for some their main social interaction of the day, We particularly recognise the support needs of older people who embrace the friendship offered by staff and volunteers in the shop. Flnanclal revlew The results contained within the Statement of Financial Activities disclose a Net deficil for the year of £22,486. Small company provi31ons This report has been prepared in accordance wilh the provlsions applicable lo companies entitled to the small companies exemption. The trustees, annual report {incorporaling the directors, report) was approved on 17 Oclober 2024 and signed on behalf ofthe board of trustees by.. Mrs D Rudd- Chalr Trustee MAgn stee Treasurer