Francls Curley Charfjtsble Fund Tte•s. Annual Report Yr ended 11 December 2023 The tnjstses present thelr report and the fina8[ statements of the charity for the year eThJed 11 DeeAmbar 2D23. Referen and •dmlnlslrrtlvo d•ta15 Reglster•d ¢barlty nam• Fra]8 Curley Charitable Fund Charfty reglstratlon numb•r NIC105709 Prlnolpal offlc• 3842 Hlll Street BT12LB D Moff•tt R Clark Audli•r Johnston Graham Llmitad Chartered accountants & statOry audiior 21er218 HOl0d Road B8tr8St 41PD Bankors Bank of Ireland 44 High Straat BTI 2BA 8ollGltors Shean DK*son Merrlck 3842 Hin Street Belfast BT12LB StruetuN gov•rnano• and manaq•m•nt Thè affai of the Charfty arg managad arKI cJ)ntrDlled by the TTUStaos vkno havB exduslv8 powws to act on behalf of the Charlty. Th• Charlty was sat up on 11 D8cBmber 1934 and Is govemed by a Wll Trust Tho FrarKls Curfay Charlabla Fund produc88 In(x)m8 from IrNestTh prDperties and other investits tr di5tritth to
Francis Curley Charltsble Fund Trustee5' Annual R•port(¢othj Year •nded 11 D•cembor 2023 A¢hiev•m•nts and p•rfornian¢e The obiectlves of the charity are as folkS. - the prwenliLffi or relief of poverty - the attncement of rellglon - the advancement of health or th8 6aving of Ilves - the relief of those In need ty reason of youth, age, Illtheallh, dlsabillty. financial hardshlp or olher dIVantage. To that end, the fund has been able to inme its di6tr5butlon to th8 presctlbed charfdes as detsiled b81 The direct publfc benefft flowlng from tha organisalion's purpose Is the distribution of income from Investrnent properties and other lnvestffnts to nominated chartties. This inryJme provrdes essential monetsry assIstan and support to tho charftl6s thereby enabling them to ¢*nllnue wlth their vilal work The beneficTraries 8r8 as follows: o Bamardos o Sallors. 8odety o Tho Bible Srjdety for N. Ireland o Sandes Soldiers, Home o Belfast Hospllal for Slck Chlldren o Presbytarian Orphan SoGloty o Presbytert8n Church In Ireland - Forelgn Mlsslon - Zenana Mtsslon - Home MIs8ion - Old Age Fund - Jthvlsh Mlsslon - Sustenation Fund - Aged & Infirni Mlnlst8r8' Fund - Sodety for Orphans of Mln13tsrs and MIs8lonaries of the Presbyterf8n Church In Iral8Tr Plnanclal rnvl•w Dwing the year the Charity showed a surplus for the year of £332,119 (2022 - £318,839). Transfers of £66,827 were then made from the Ben8llclaries account to the Future Inv88tment ArcDun( resutting in surplus of £285.2 (not8 17) wfrrch wlll be rfistrlbut•J to the ntxninated benefidarfa& The resaNes at 11 Decamber 2cr23 were £S,654,993. The Trnstees review the p)ssibility of mior tsks on an rying basls and consKl8r any aLknn reqUb to manage such tsk8. Plan5 fpr perfods The Trustees Ixmtinue the rx)nservative policy of retaining sufficient workjng (xpltsl to ajver the rtsks attached to the Inveslment and property p1)& To athieve this. the trustees have sot aside funds to ensura that sufficlent resources are avait8bl8 at a futswe dat8 to cary out Fmperty repairs. provlde for prt)perty vacancies and to make investrnents. In c¢xnplian¢e wlth the Tntst Dwj, all olh8r arr)unts are paid out on an annual basis to the bpnefitxarle8.
Francls Curley Charitsble Fund Trustees. Annual Report(wTrthuedJ Y•ar ended 11 D•camb•r 2023 Thtsttts. responslbilitles statem¢nt Th8 tnBtees are pOnSIble for preparing the tnt rewrt and the financial statements in aCtdance with applicable law arwj Unital lfjngdom Puounting Standards (United lfjngdom Generally Accepted Accounting PAdlc8). The law appllcat4e to charfttes In Northem Ireland requlres the charity trustees to prepare financial statements for each year which gr a true and fair view of the state of affairs of the ¢harity and of Ihe incomlng resources and appllcatlon of resources. of the charity for that period. In Pfeparlng these flnandal statemants, the tnJste88 are requlr&J to: select surtable ac¢ountlng pollcies and then apply them rIsten1[y. Obser th• methods and pthlpl85 In the applkablg Charftt8s SORP; rnake judgments and aczounting es11matss trAt aro reasonable and prudent,, slate whether appticabl8 UK Acujunting Standards have bew followed, subJact to any departures disdosed and explaned sn the financial statements," prepare the financial statsrnents on the golng concam basis unles5 tt fs in8pproptste to presume that the charity wlll ntinUe kn bu8ln8Sg. The trustees are rBsponslbl8 for keeplng adequats acxountlng re(ths Ihat are sufflclent to show and explain the charlty's tsansadions and disclose with reasonable accuracy at any time th8 finarKial position of (arfty 8nd enable thwn to ensure that the finandal statements eornply with th6 Charitles Act (North8m Ireland) 2008. They ara also responslble for safeguardlng tha assets of the charfty hence tr takrng reasonabla steps for Ihe weventlon and deteclon of fraud and olher irreguJarfti8s. The truste88 are r6sponslble for preparlng the trustees, report and thg financTal statsments in acrmlanc with 8ppllcable law and Urthd Klngdom Acwunllng Stsndards (Unlted lfjngdom Generally Accepted Acx¥)unllng PraclKe>. The law applrcable to charfties in Northem Ireland requlres the charity trustse8 to ppare financ181 ststsments for each year which gl4a a true and falr vtew of the stato of affairs of the charity of thg In)MIng resour and appllcatlon of resour(w. of the cth8rity fDrthat P8ri0d. The trust88s' annu81 report was approved on 20 May 2024 and slgned on bahall of tho bognl of trustoes by: ,Id D Moffett Trusteé R Clark