2023-04-05-annual-report

Page 2 MCDONNELL TRUST 2010 TRUSTEES ANNUAL REPORT YEAR ENDED 5 APRIL 2023 The trustees present their report and the unaudited financial statements of the charity for the Year Ended 5 April 2023. REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the board and professional advisers on page l of the financia I statements. THE TRUSTEES The Trustee5 who served the charity during the period were a5 follows.. Reverend M O'Hagan Mr D Macaulay Anne Glover STRucfuRE, GOVERNANCE AND MANAGEMENT Governing Document The charity was established under deed dated 28 June 2010. OBJECTIVES AND ACTIVITIES The objects and powers of the charity are the education and maintenance of any Roman Catholic SLLtdents attending any education31 estaoilJhiment 1111 rola nd. particularly for student5 Studying for Roman Catholic priesthood cr ct4er religioJs life. The TruJt enables Jtudents to dei'elop thei r Spiritual capacities throJ~h atteiidance at eduLiltional esta blishments. Th- direct beii efi i fl lowing from the charitable purpose of thAJ Trust are Oi a Pastoral, educational and spiritU viould not be in a p051tion to complete thEir stiidips. Thp objective5 3150 facilitate the adoption of a moral fra mework wkiich encoiir3ge5 individuaiJ to br good citi?eni 3iid therc i) a bvider b-n?fit to Society when i ndividua15 procpress tro relic7iOU> liie. The Public Benerit is demonstrated when the individuals are ordained and take up posts either in a Diocesan or a Missionary Piole and they are then in a position to educate and influenceothers in a positive manner. or other rel igious life- or such other Catholic charitable purposes as the trustees may select from time to time. There is no private benefit to a ny individuals a nd therts is ab501utely no harm or potential harrn arising as a result of the primary purposes of the I rui L.

Page 3 MCDONNELL TRUST 2010 TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 5 APRIL 2023 RESPONSIBILITIES OF THE TRUSTEES The trustee5 are responsible for preparing the Trustees Annual Report and the financial Statements in accordance with applicable law and regulations. In preparing these financial statement, the trustees are required to: select 5Ultable accounting policies and then apply them consistently: observe the methods and principles in the Chartties SORP- make judgements and estimates that are reasonable and prudent.. State whether applicable UK Accounting St3ndards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basi5 unless it 15 inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keepin£r adequate accounting records that are sufficient to show and explain the charitable transactions and disclose with reasonable accuracy at any time the financial position of the charity- They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of fr3ud and other irregula ritie5. Signed on behalf of the tru5Lees 9 October 2023 car-o,