JAMES WILLIAMSON AND OTHER MEMORIAL FUNDS TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES. REPORT The Trustees present their report and audiled financial statements for the James Williamson and Other Memorial Funds Trust for the year ended 31 December 2022. The Trustees confirm that the report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's goveming document and the provisions of the Statement of Recommended Practice ISORP), applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) as well as the Charities Act (Northern Ireland) 2008. Results and financial review The Trustees advise that the only source of income for 2022 was bank deposit interest which amounted to £56 {2021: £3). At the year-end unrestricted funds stand at £6.316 {2021-. £6.260). These funds are held for use in accordance with the charitable objectives at the discretion of the trustees. Structurei governance and management The Charity is an unincorporated charity established under a Deed ofTrust dated 10 April 1984 which establishes the objects of the Charity and the powers of the Trustees. Appointment of Trustees The Trustees shall be the present office-bearers of the Law Society of Northern Ireland. in the case of each of them for so long as they hold office as President, Senior ViGe-President. Junior Vi¢e-President and Honorary Treasurer. The Trustees who served during the yearwere: Rowan White (resigned 30 November 2022) Brian Speers Brigid Napier Brian Archer Darren Toombs (appointed 30 November 2022) The Trustees at the date this report was approved, are listed on page 1. The Trustees must offer their resignation after ceasing to be an office bearer in the Society. During the year to 31 December 2022, there were no more than four serving Trustees at any given time. Purpose, objectives and activities The objective of the Trust is to make provision for any or all of the following.. l) Awards of such amount and to such one or more students as the trustees may from time to lime determine for.. a) achievement in examinations held by the Society or the institute. b) proficiency in debating, or., 2} Making financial provision (including the cost of travel) for. a) special educational lectures or talks to be given to students; b) aiding or assisting any society or organisation of students or recently qualified solicitors or any member or members thereof having the object of promoting their education, expertise ordevelopment in the profession or the study of law or its practice. Achievements, performance and future developments The charity made no disbursements during the year (2021.. nil). The Trustees are considering the future of the charity in order to effectively fulfil its charitable objectives.
JAMES WILLIAMSON AND OTHER MEMORIAL FUNDS TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES. REPORT (CONTINUED) Public benefit The Charity Commission for Northern Ireland has published guidance to charity Trustees and provided guidance on the principles of public benefit to the advancement of educalion. The Trustees have considered the relevant guidance and are satisfied that all the charily's charitable activilies fall within its objectives and result in considerable benefit to the public, as demonstrated in the section of this report dealing with achievements and performance. Reserves policy The Trustees aim to maintain the free reserves in unrestricted funds at a level which will allow Ihem to consider grant applications from the Society for educational purposes. Funds held as Custodian Trustee on behalf of others The charity does not hold any funds as custodian for any other Trustee body. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northem Ireland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that period. In preparing the financial statements, the Trustees are required to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP- make judgements and accounting estimates that are reasonable and prudent., stste whether the applicable accounting standards have been followed. subject to any material departure disclosed and explained in the financial statements,. and prepare the financial statements on the going conrn basis, unless it is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure of Information to the independent auditors So far a5 each of the Trustees in office at the date of approval of these financial statements is aware: there is no relevant infomation of which the charity's independent auditors are unaware., and they have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the charity's independent auditor5 are aware of Ihat information.
JAMES WILLIAMSON AND OTHER MEMORIAL FUNDS TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES, REPORT {CONTINUED} Reference and administrative details Administrative details are included on page 1. Independent auditors The auditors, Harbinson Mulholland, have indicated theirwillingness to continue in office, and a resolution concerning their reappointment will be proposed at the Annual General Meeting. The Trustees, report was approved and authorised for issue by the TrUsteeslDiCtOrS and signed on their behalf by: Brian Archer Trustee 18 October 2023