Slster Anna Chaplaincy Charitable Trust Statement of Financial Activities Period ended 31 March 2023 2023 Restricted Unrestricted Funds Funds 2022 unStriCted Funds Restricted Funds Total Total Income Gainsl(Lossesl on Investment Income Total Income 16,660} (6,660) (6,660) 11,021 11,021 (6.660) 11,021 11,021 Expendlture Investment Management Costs Accounts Fee Total Expenditure 1,734 1,734 1,630 1.630 500 2,234 500 2.234 500 2,130 500 2.130 Net Movement in Funds (8,894) (8,8941 8.891 8,891 Reconclllation of Funds Fund Balan at 1 April 2022 Fund Balance at 31 March 2023 199.435 199,435 190.544 190.544 190,541 190,541 199,435 199,435 This statement of financial activities include all gains and losses recognised in the reporting period. All income and expenditure derive from continuing activities.
Sister Anna Chaplaincy Charitable Fund statement of Financial Position Perfod ended 31 March 2023 2023 2022 Fixed assets Investments 192,041 200,435 Total Fixed Assets 192,041 200,435 Payables- Amounts falling due within one year (1,500) 11,0001 NetAs$ets 190,541 199.435 Funds forthe Charity Restricted funds 190.541 199.435 Unrestricted Funds Total Charity Funds 190,541 199,435 The financial statements were approved and authorised for issue by the Trustees on 13 March 2024 and signe on Iheir ehalf by.. Mrs A McNamee Trustee Date 13 March 2024
Sister Anna Chaplaincy Charitable Fund Note$totheFinancial Statements Period ended 31 March 2023 1. Accounting Policies 1 (a) Basis of Preparation The financial statements have been prepad under the historic cost convention, with the exception of investments which are included al fair value. These financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102), with the Financial Reporting Standard-, FRS 102 and with the requirements of the Charities Act (Northern Ireland) 2008. The financial statements have been presented in sterling which is the functional currency of the entity. The Trust Funds meet the definition of a public benefit entity under FRS 102. The direct benefits flowing from this purpose include the education of children at Lagan College by providing greater opportunities for the students to learn more effectively by providing a safe space to nurture the minds, hearts and spirits of the students. The advancement of religion, the advancement of human rights. conflict resolution or reconciliation or the promotion of religious or racial hamony and equality or diversity. The beneficiaries are the children, parents and staff of Lagan College Belfast. The financial statements have been prepared on a going concern basis. 1 (bl Fund Structure Where there 15 a legal restriction on the purpose for which a fund may be used, the fund is classified eilher as an endowment fund. where the donor has expressly provided that only the income ofthe fund may be expended, or as a restricted fund, where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. All funds are held in the restricted fund category. 1 {c) Incoming Resources All incoming resources are recognised once the charity has entitiement to the resources. it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The inveslment Income i5earnedfrom holding assets forinvestment purposes andincludes dividends and interest. 10
Notes to the Financial Statements {Continued} Period ended 31 Mar¢h2023 1 (d) Resources Expended The has been no expenditure during this financial period. All future expenditure will be accounted for on an accruals basis and will be classified under headings that aggregate all costs related to that Gategory. 1 (e) Fixed Asset Investments Investments are stated al market value as at the statement of financial position date. The statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the period. 1 (fj Realised Gains and Losses All gains and losses are taken to the statement of Financial Activities as they arise. 1 (g) Going Concern There are no material uncertainties about the Trust Funds ability to continue as a going concern. The most significant area of uncertainty that affects the carrying value ofassets held by the Trust Funds are the level of investment return and the performance ofinvestment markets. 11