THE SALIGHT FOUNDATION LIMITED REPORT OF THE DIRECTORS (INCORPOIL4TINC TRUSTEES, REPORT) Th¢ Directors {who ar¢ also the tru5tce5) are pleased to present their annual report together with the financial statements of the charity for ihe year ending 3 1 December 2018, whi¢h are prepared to meei the requireinents for a directors, report and ac¢ounts for Companies Act purposes. The directors have adopted the provisions of the Companies Act 2006 and Ac¢ouniing and Reportinu by Charities.. Statement of Recommended Practice applicable to charities prepaTing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP - FRSI 02), in preparing the annual report and financial statements of the charity. Financial review and funds polity During the year the Charity received donations and interest for distribution totalling £328.773 and made payments of £93,982 towards a nurnber of ¢haritable activities along with payments of £53.996 to cover the operating costs of the Charity. The net incoming resources for the year aTnounting to £180,795 as Shown in the statement of financial activiti¢s n page 8 have been transferred to the company's funds. At the year end the ChaTity had £204,705 of ¢ash funds available for distribution. The company plans to cont2nue its activities in the forthcoming y&4rs. Objectives and Activities (and how they deliver publie benefit) The Objects of the Charity are.. To promote th¢ benefit of the inhabitants of Northern Ireland without distinction of sex, sexual orientation, race or of political, religious or other opinion by associating together with the said inhabitants and the local authorities, voluntary and oiher organisations in a common effort to relieve PL)verty and advance educatitsn and to provide facilities in the snterests of social welfare forthe recreation and leisure-titne occupation with the objeet of improving the conditions of life for the said inhabitants. To advan¢¢ the Christian religion. The main aim ofthe Charity is to reach outto both individuals and charities in the local community and practically express God's Love. The Charity financially supports organisations whose objective is to advance the Christian faith without prejudice or discrimination. As a result of this financial assistance, and the endeavour5 of the employees of the Chariry, we believe that we positively impact and improve lives of both individuals and familEes for the better. The Charity and its employees are willing to help anyone who finds themselves in hardship or distress. This in turn allow us to witness and share our Christsan faith, and through this lives are improved. People move away from poverty. addiction and deprivation to live new lives and come to know Jesus Christ. One of the objectives of the Charity is to promote the benefit of the public of Northern Ireland by associating wtih local authorities, voluntary and other organisations including churches in a Common effort to relieve poverty, to advance education and to provide facilities in the interestg of so¢ial welfare for recreation and leisure time occupation. This is achieved through assisting people from areas of social and economic deprivation both financially and practically as well as eneouragEng children and adults to develop as individuals and become active members of the community thereby increasing feelings of eonfidence and self-worth. It also seeks to provide children, young people. adults and elderly members of the community with th¢ opportunity to take part in recreational and creative events which is a direct benefit to individuals by providing a platfomi for p¢ople to interact, socialise and build relationships with their peers.. this is also an indirect benefit for the public as there is an improvement in social behaviour. The Charity will also meet the public benefit by seeking to advance the Christian faith which will be a direct benefit to people and an indirect benefit to the public due to the teaching of moral standards. This 5trengihens faTnilies and en¢ourage5 individuals to become more active citizens and make better lifesiyle choices leading to a reduction in homelessness, addiction and poverty. Please note we hereby confirni that there is no private benefjt or potential harm from the objects of the Charity. The Trustees have had regard to the Charity Commission's Public Benefit requirement.
THE SALIGHT FOUNDATION LIMITED REPORT OF THE DIRECTORS (conrlnued) Reference and administrative details Registered charity name.. Charity CoinTnission registratiort number.. HMRC charity reference.. Company registration number.. Principle office and rebFsstered office: The Salight Foundation Limited NIC105155 XR27703 N1035732 42 Tully Road, Ballymen County Antrim BT44 8DG. Direetor% and Trusttts of the Company The directors who held offic¢ during ihe year were as follow5.. Mr JetTrey Wright Mr William Wright Mrs Amanda Knowles Strueture? governance and management The Company is a charity limited by guarantee without share capital. The Company is govemed by its Memorandum and Articles of Association daied 3 M8Tch 1999. In the event of the Company being wound up members are required to ¢ontribure an amount not exceeding £1 O. The Board is responsible for the overnll governance of the Company and is actively involved in the day to day management of the organisation. Directors are appointed in line with the Memorandum and Arti¢l¢s of Association of the company. The Board of Directors are also known as Trustees for the purpos¢s of the Ctwiry Commission. Risk rnanagement The directors have conducted a review of the major risks to which the charity is exposed. Financial risk is reviewed on a monthly basis having due regard to ongoing incolne and expenses. Statement of direetors, re$pon5ibilities The directors (who are the trustees of The Salighi Foundation Limited) are responsible for preparing the directors, report and the financial statements in accordance with appli¢able law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in a¢cordan¢e with United Kingdoln Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law the directors must not approve the financial statements unless they are satisfied that they give a rrue and fair view of the state of affairs of the charitable eompany and of the incoming resources and application of resources, including income and expenditure for that period. In preparing these financial statetnents, the directors are required to= select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP-FRSIO2; tnake judgements and accounting estimates that are reasonable and PTudent' stat¢ whether applicable accounting standards have been followed, subject to any material departures disclosed and explained the financial statement., and pr¢pare the financial statemenis on the g02ng concern basis unless it 15 inappropriate to presume that the company will continue in business.
THE SALIGHT FOUNDATION LIMITED REPORT OF THE DIRECTORS (continued) Statement of directors, responsibilities (eonilnked) The directors are responsible forkeeping adequate accouniing records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial p05ltion of the charitable company and enable them to ensure that the financial statements comply with ihe Companies Act 2006. They are also responsible for safeguarding the assets Of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other iNegularities. In the case of each director in office at the date the Directors. Report is approved.. 50 far as the director is aware, there is no relevant audit infomiation of which the ¢harity's auditors ar¢ unaware. and they have taken all the steps that they ought to have taken as a director in order to tnak¢ th¢m5elves aware of any relevant audit inforniation and to establish that the charitsble company's auditors are aware of that nforatIOn. Funds held as custodian trustee on bebalf of others The charity doe5 not hold any funds on beh21f of others. Auditors A resolution to appoEnt auditors will be proposed at the Annual General Meeting. STnall companies provision statement This report has been prepared in aLcordance with the speclal provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the Board on 26 June 2019 and signed on its b¢half by.. Amanda Knowles