THE SALIGHT FOUNDATION LIMITED REPORT OF THE DJRECTORS (INCORPORATING TRUSTEES, REPORT) The Dittctors {who #re also the trustees) are pleased to present their annual report together with the financial statements of the charity for the year endinu i l December 2023. which are prepared to meet the requirernents for a dire¢tors' report and accounts for CoEnpanies Act purposes. The diTectOT5 have adopted the provisions of the Companies Act 2006 arLd AccoLLntino and Reporting by Charities.. S(a(emen( of R¢commended Praclice applicable io charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK ond Republic of Irelalld (Charitkes SORP - FRS102}, in preparing the annual report and financial statemenis of ihe charity. Financial revieiv and funds policy During the year the Charity's tota] income was £392, with its expense5 totalling £53,833. The net outgoing resources for the year amountingi to £53,441 as ShOn in the siaiemeni of financial aciivilies on pagle 6 have been deducted fvom the company's funds. Ai the year end the Charity had £165,635 of cash funds available for distribuiion. The company plans to continue its activitie5 in ihe forthcoming years. Objectives and Activities (and how they deliver public benefit) The Object5 of the Charity are: To promote the benefii of the inhabIL¢S of Northern Ireland without dislinrtion of sex, Sexual orienlalion, race or of political, reljoious or other opinion by &8sociating togetl)er with ihe said inhabitants and the local authorities. voluniary and other organisaiions in a common effort 10 relieve poverry and advance education and to provide facilities in the interes15 of social welfare for the recreation and leisure-time occupalion wilh the object of improving the conditions of Itfe for the said inhabirants. To advance the Christian religion. The main aim of the Charity is to reach out to both individuals and charities in the local communiry and practically express God's Love. Thc Charity financially supports organisations whose objective is to advance the Christian faith without prejudice or discritninalion. As a result of this financial assistance, and the endeavours of th¢ employees of the Chariry, we believe thai we positively impact and improve lives of boih individuals and families for the better. The Charity and its employees are willing lo help anyon¢ who finds themselves in hardship or distres5. This in turn allow us to witnes5 and share our Christian failh, and through this, lives are improved. People mowe away from pov¢rty, addiction and deprivation to live new lives and come to know Jesus Christ. One of the objeclive.s of the Chariiy is lo pr()mi)te thL hLllLfit ot the public of Northem Ireland by associating with local authorities, voluntary and other organisations including churches in a common clf()rt lo relieve poverty, to adi'an¢e education and to provide facilities in the interests of social welfare for recreation and leisure time Cupation. This is achieved throuoh assisting people from areas of social and economic deprivation both financially and practically a5 well as encouraoing children and adult5 to develop as individuals and become active members of the community ihereby increasing feelings of confidence and self-worth. It also seeks to provide children, young people, adults and elderly members of the community with the opportunity to take part in recreational and creative ¢vents which is a direct benefit to individuals by providin(r a platform foT people to interact, sociali5e and build relationships with their peers= this is also an indirect benefit for the public as there is an iinprovetnent in gocial behaviour. The Charity will a150 meet the public benefit by seekin(p to advallce the Christian faitb which will be a direct benefit to people and an indirect benefil to ihe public due to the leachino of Inoral standards. Th is stren¥7thens families and encourages individuals to become more active cklizens and make better lifestyle choices leading to a reduction in homelessness, addiction and poverty. Please note we hereby confinn there is no private benefit or potential harm from the objects of the Charity. The Trustees have had regard to the Charity Commission's Public Benefit requiremenL
THE SALIGHT FOUNDATION LIMITED REPOR T OF THE DIRECTORS (conlinued) Reference and administrative details Re(yistered charity name- Charity Commission registration number: HMRC charity reference: Company registration numb¢r= Principle oftice and registered offic¢= The Salight Foundation Litnited NIC105155 XR27703 NIOJ5732 42 Tully Road. Ballymena, County Antrim BT44 8DG. Director5 and Trustees of the Cojnpany The director who held offtce during ihe year. and in the period since 3151 December 2023 to the date of these accounts w¢re approved, was as tollows.. Mrs Lorraine Wright Structure? governance and management The Company 15 a charity liinited by guarantee withoui share capital. The Cornpany is governed by its Memorandurn and Anicles of Association dated i March 1999. In the event of the Company beinu woursd up menibers are required io contribute an ainounl noi exceeding £1 O. The Board is responsible for ilie overall &iovernance ot. the Company and is actively involved in the day-to-day managemeni of the organisation. Directors are appointed in line with the Memorandum and Articles of Association of the company. The Board of Directors are also known as Trustees for the purposes of the Charity Commission. Risk management The director5 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 income and expenses. Statement of directors, responsibilitbes 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 applicable law and regulations. Company law requires the directors to prepare fmancial statemen15 for each financial year. Under that law the directors have prepared the financial siatemenis in accordance with United kingdom Genera]ly Accepted Accounting Prdctice (United Kingdom Accounting Standards and applicable law). Under Company law the directors must not approve the financial statements unless thej are satisfied Ihat they give a tnje and fair i'iew of ihe state of affairs of the chariiable company and of the incoming resources and applicatton of resources, including income and expenditure for that period. In preparing these finan¢ial statements: the directors are required to-. sel¢cl suitable accounling policies and apply them consistently. observe the methods and principles in the Chatities SORP-FtL8102: rnake judgement5 and accounting estimates that are re&sonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explain¢d in the financial statement- and prepare the fancial 5tateellts on the going concem basis unless it is inappropriat¢ to presume that the company will continue in business.
THE SALIGHT FOUNDATION LIMITED REPOR T OF THE DIRECTORS (continued) Statement of directors, responsibililies (eonlinued) The direciors are responsible for keepin15 adequate accounting records that are sufficient to show and explain the charitabl¢ company's transactions and disclose with reasonable accuracy at any time the fu)ancial position of Ihe charitable con]pany and enable them to ensure that the fmancial siatements comply with ihe Companies Act 2006. They are also responsible for safegyuardino the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other iegular1tIe5. In the case of eaeh director in offlce at the dale the DiTectoYs' Report is approved.. so far as the director is aware, there is no relevant audit infomiation of which the charity's auditOTS are unaware. and they have taken all the steps that they oughl to have iaken as a director in order to make theimselves aware of any relevant audit infomiation and lo establish tliai the charitable company's auditors are aware of that infoTmation. Funds held as custodian trustee on behalf of olhers The charity does nol hold any funds on behalf of others. Auditor5 A resolulion to appoint auditors will be proposed at the Annual General Meeting. Small companies provision statemenl This report has been prepared in accordance with the Special provisions relating to companies subject to the small con)panies regime %vithin Pait 15 of the Companie5 Act ?006. Approved by the Board on 22nd March 2024 and sign¢d on its behalf by: Lorraine Wright