Francis Curley Charitsble Fund Trustees. Annual Roport Ygar endèd 11 December 2022 The trustees present their report and the financial statements of the charity for the year ended 11 December 2022. Referonc• 2nd administrative details Reglstered charlty name Francis Curley Charitable Fund Charty r•gistration number NIC105709 Prlnclpal offi0• 3842 Hill Street Belfast BT12LB Th• trustees D Moffett R Clark Auditor Johnston Graham Limited Chartered accountants & statutory auditor 2161218 Holywood Road Belfast BT4 1PD Bankers Bank of Ireland 4-8 High Street Belfast BT12BA Solicitors Shean Dickson Merrick 3842 Hill Street Belfast BT12LB structure, governan¢e and management The affairs of the Charity are managed and controlled by the Trustees, who have exclusive powers to act on behalf of the Charity. Objectives and activities The Charity was set up on 11 December 1934 and is governed by a IMII Trust. The Francis Curley Charitable Fund produces income from investment properties and other investments for distribution to nominated charities.
Francis Curley Charitable Fund Trustees. Annual Report (contlnued) Year ended 11 December 2022 Achievements and p•rfonYtanc• The objectives of the charity are as follows: - the prevention or relief of poverty - the advancement of religion the advancement of health or the saving of lives the relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage. To that end, the fund has been able to increase its distribution to the prescribed charities as detailed below The direct public benefit flowing from the organisation's purpose is the distribution of income from investment properties and other investments to nominated charities. This income provides essential monetsry assistan and support to the charities thereby enabling them to continue with their vital work. The beneficiaries are as follows.. o Barnardos o Sailors, Society o The Bible Society for N. Ireland o Sandes Soldiers. Home o Belfast Hospital for Sick Children o Presbyterian Orphan Society o Presbyterian Church in Ireland Foreign Mission Zenana Mission Home Mission - Old Age Fund Jewish Mission Sustenation Fund - Aged & Infirm Ministers, Fund Society for Orphans of Ministers and Missionaries of the Presbyterian Church In Ireland Financial review During the year the Charity showed a surplus for the year of £318.639 {2021- £263,915). Transfers of £74,221 were then made from the Beneficiaries account to the Future Investment Account (£40.471) and to the Provision for Vacancies Account (£33,750) resulting in a surplus of £244,418 {note 17) which will be distrtbuted to the nominated beneficiaries. The reserves at 11 December 2022 were £5.523.290. The Trustees review the possibility of major risks on an ongoing basis and consider any action required to manage such risks. Plans for future perlods The Trustees continue the conseDiative policy of retaining sufficient working capitsl to cover the risks attached to the investment and property portfolios. To achieve this, the trustees have set aside fijnds to ensure that sufficient resources are available at a future date to cary out property repairs, provide ft)r property vacancies and to invest in capital. In Gompliance with the Trust Deed, all other amounts are paid out on an annual basis to the beneficiaries.
Francis Curley Charitable Fund Trustses. Annual Report (conllnuod) Year ended 11 December 2022 Truste•s' responsibilities statement The trustees are responsible for preparing the trustees, report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northem Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP,. make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unsS it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities in Northem Ireland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. The trustees, annual report was approved on 11 September 2023 and signed on behalf of the board of trustees by: D Moffett Trustee R Clark Trustee