CLOGHER DIOCESE SOCIAL FUND REPORT OF THE TRUSTEES for the Year Eoded 31 DECEMBER 2022 The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Staiement of Recommended Practice (SORP) applicable to Charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102). OBJECTIVES AND ACTIVITIES Objectives and gims The charity's purpose is for the prevention or relief of poverty of children where one or both parents or guardians have died and to parents or guardians of children who are suffering financial hardship who are parishioners of the Church of Ireland living in Co Fernnagh by the provision of financial grdnts primarily but not exclusively. The direct benelits that flow from the prevention or relief of poverty and assisting those who are experiencing financial hardship is that the charity will help improve the quality of life of the beneficiarie5. ACHIEVEMENT AND PERFORMANCE Fundraising 9¢tivities The charity receives income from two principle sources: l. from interest received on capitsl investments and 2. from subscriptions. subscribing parishes and bequests. The organisation &ssesses applications and approves grants for those children who meet the purposes of the charity.The Trustees of the nd would like to make as many as possible in the Diocese aware of the existence of the Fund. Applications of the scheme are made in the first instance by the rector of the parish in which the applicant resides or the rural dean during a vacancy. tn the year ended 31 December 2022 the Charity supported 12 families of which 21 children received financial support. The charity also supported 4 families with a financial hardship grant. The Trustees have read and tskes regard of the Charity Commission for Northern Ireland's guidance on Public Benefit and on Public Benefit Reporting. STRUCTURE. GOVERNANCE AND MANAGEMENT Governillg dotument The charity is controlled by its governing document. a constitution and was rcgi5tered with the Charity Commission for Northern Ireland on 22 December 2015. The Management of the Charity is the responsibility of the Charity Trustees who have appointed an Honorary Secretary to &ssist them in the administration of the Charity's activities. All the Trustees have served since their appointment, during the fmancial period ended 31 December 2021 and up to the date of approval of the financial statements. REFERENCE AND ADMINISTRATIVE DETAIiS Registered Charity number NIC104016 Principal address Cathedral Hall Halls lane Enniskillen Co. Fermanagh BT74 7DR Tryst¢es Very Revd K R Hall Dean of Clogher Ven B Harper ArchdeacoD Clogher Mrs J Cooper Mr G Eames Revd R Wesl Rt Revd Dr l Ellis Bishop of Clogher Mr M Barton Revd L FwTell (appointed 13.5.22) Page I
CLOGHER DI ESE SOCIAL FUND REPORT OF THE TRUSTEFS for tht Year Ended 31 DECEMBER 2022 REFERENCE AND ADMINisfRATIVE DETAII Independent Examiner W K Rainey FCA Patton Rainey and Associates Chartered Accountants 6 East Bridge Stre Enniskillen Co. Fermanagh BT74 7BT Bankers Ulster Bank Limit1 16 Darling Street Enniskillen BT74 7ER FINANCIAL REVIEW The lo¢al income for the year 31 De£anbtt 2022 amounted to £37.922 (2021&42207) of which £30205 (2021..£35,557) relatd to inVestnl ineffl. Grants awarded to Individuals during the ye8[ amounted to £24,535 (2021:£22,700). The Charity held £85,112 in Cash Reservffi at the )tar end (202J:£71.151). This equates to approximately on¢ and half years of the Fund's cjwitsble expenditure at current rates. Th¢ Trustees are reviewing the Rwves VK>licy in the Approved by order of the board of tntstees on4&Feknwa823 and on its bthalf by: Trustee + J- CL£T Page 2