Sister Anna Chaplaincy CharitableTrust Annual Report and Financial Statements For the Year Ended 31 March 2024 Charity Registration Number: 107366 Sister Anna Chaplaincy Charitable Trust statement of Financial Activities Year ended 31 March 2024 2024 2023 Restricted Funds Unrestricted Funds Restricted Funds Total Unrestricted Funds Total Income Gainsl(Losses) on Investment Income Total Income 20.489 20,489 (6,660) {6,6601. (6,660) 20,489 20,489 {6,660} Expenditure Investment Management Costs 1,730 1,730 1,734 1,734 Accounts Fee 500 500 500 500 Total Expenditure 2,230 2,230 2,234 2,234 Net Movement in Funds 18,259 18,259 18,894) 18,8941 Reconclliation of Funds Fund Balance at 1 April 2023 190,541 190,541 199,435 199,435 Fund Balance at 31 March 2024 208,800 208,800 190,541 190,541 This Statement of financial aGtivities includes all gains and losses recognised in the reporting period. All income and expenditure derive from continuing activities. Sister Anna Chaplaincy Charitable Trust Fund Statement of Financial Position Year ended 31 March 2024 2024 2023 Fixed assets Investments 210,800 192.041 Total Fixed Assets 210,800 192,041 Payables: Amounts falling due within one year (2,0001 11,5001 Net Assets 208.800 190.541 Funds for the Charity Restricted funds 208.800 190,541 Unrestricted Funds Total Charity Funds 208,80Q 190.541 The financial statements were approved and authorised for issue by the Trustees on 22 January 2025 Igned on their behalf by.. Mrs A McNamee Trustee Sister Anna Chaplaincy Charitable Trust Notes to the Financial Statements Year ended 31 March 2024 1. Accounting Policies 1 (a) Basis of Preparalian The financial statemenls have been prepared under the historic cost convention, with the exception of investments which are included at fair value. These financial statements have been prepared in accordance with the Slalemenl 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 1021, 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 Ihe 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 opporttjnities 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 harmany and equality or diversity. The beneficiaries are the children, parents 3nd staff of Lagan College Belfast. The financial slalements have been prepared on a going concern basis. 1 (bl Fund Structure Where there is a legal restriction on the purpose for which a fund may be used, the fund is classified either as an endowment fund, where the donor has expressly provided that only the income of the fund may be expended, or as a restricted fund. where the donor has provided for the donation to be spent in furtherance of a spe¢ified charitable purpose. All funds are held in the restriGted fund category. 1 Ic) Incoming Resources All incoming resources are recognised once the charity has entitlement lo the resources, il 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 investment income is earned from holding assets for investment purposes and includes dividends and interest. 10 Sister Anna Chaplaincy Charitable Trust Notes to the Financial Statements (Continued) Year ended 31 March 2024 1 {dl Resources Expended Expenditure is accounted for on an accruals basis and classified under headings that aggregate all costs related lo that category. 1 le) Fixed Asset Investments Investments are stated at market value as at the statement of financial position dale. The statement of Financial Activities includes the nel gains and losses arising on revaluations and disposals throughout the period. 11fj 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 uncertainly that affects the carrying value of assets held by the Trust are the lev61 of investment return and the performance of investment markets.