THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are directors for the PLffposes of company law, present the annual report tog8th8r viith the nancial statements of the charitable company for the year ended 31 December 2023. The financial statements have been prepared in acc1)rdan wth Ihe accounting policies set out in note 1 to the financial statements and comply wlh the charity's Memorandum and Articles of Association. the Companies Act 20( and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Oblectives and activities Objectives, strategies and actlvltles The charity seeks to promote the advancement of the Christs'an faith, the relief of povety, advancement of education and the relief of sick and dIsaed persons. in particular, the prcmnotion of their physical and spirilual well-being. Publlc beneflt The charity makes grants to organisalions Working V(1{fr1de in fijrtherance of its purposes of advaing the Christian faith, relief of poverty, advancement of education and promotion of health. The trustees confirm that they have Complied with the reqirirements of the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by thè Charity Commission for Northern Ireland. Achievements and perfomiance Significant activities and achievements against objectives The main achievement of The Glendalough Trust durirvJ the year has been it's ability to raise sufficient funds to enable the charity to continue to make donations to individuals and organisations who use the funds effectively and ft)r the benefit of Ihe public. Planning for future periods In going forymrds the trustees wish to continuè to support charities arKI mission work, both local and global. Finaneial review Resewes policy The results for the year are set out on page 5. The net outgoing resources for the year of £7,873 (2022= £9,286). At 31st December 2023 Ihe total funds of the charity amounted to £23.593 (2022.. £31,466) comprising unrestricted funds of £23,593 (2022.. £31,466) and restricted funds of £Nil (2022.. £Nil). structure, governance and management Nature of govemlng document The Glendalough Trust is a charitable company limited by guartee. incorporat•J on 8 December 20rA, registered as a charity with HMRC on 5 February 2007 and registered with The Northem Ireland Charities Commission on 1 Febru8ry 2016. The company was established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed by it's Articles ofASsatI0n. The Irustees {who are also the directors of The Glendalough Trust for the purposes of company law) are responsible for preparing the trustees. report and the financial statements in accordance with Ihe United Kingdom Accounting Standards (United Kingdom Generdly Aepted ACcong Practice) and applicable law and regulations.
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Company law requires the trustees to prepare financial ststements for each financial year. under company law the trustees musl not approve the financial statements unless they are satisfiéd that they give a Irue and fair view of the slate of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting poliries and apply them CsiStenIty. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any materfal departures disclosed and explained in the financial statements., and prepare the finanryal statements on the going concem basis unless it is inappropriate to pr8sume that the charitable company will c¢)ntinue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disdose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensur8 that the financial statements comply with the Companies Act 2006. They afe also responsible for safeguarding the assets of the charitalle company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Th8 trustees who served (knring the year and up to the date of signature of the financial statements were". Mr Wlliam Stewart Mrs Ollve Gibson Mrs Heather Mccorkell Mrs Cheryl Wlliams Mrs Naomi Stewart Ms Salome Stephens-murphy Mr Harold Stewart Recmilment and appoinlment of truslees The management of the charity is the responsibility of the trustees who are elected under the tems of the Memorandum and Arttcles of Association. The Irustees, Teport was approved by the Board of Trustees. Mrs Naomi Stewart Trustee 5August 2024