2025-03-31-accounts - Sister Anna Chaplaincy Charitable Trust

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Sister Anna Chaplaincy Charitable Trust Annual Report and Financial Statements For the Year Ended 31 March 2025 Charity Registration Number: 107366

Contents	Page
Trustee's Annual Report	3-5
Independent Examiners Report	6-7
Statement of Financial Activities	8
Statement of Financial Position	9
Notestotheaccounts	10-11

Annual Report of the Trustees of Sister Anna Chaplaincy Charitable Trust

for the year ended 31 March 2025

INTRODUCTION

This is the annual report for Sister Anna Chaplaincy Charitable Trust for the year ended 31 March 2025.

This format is in accordance with the requirements of the "Accounting and Reporting by Charities: Statement of Recommended Practice Applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK & Republic of Ireland (FRS 102)" ("The Charity SORP").

ADMINISTRATION DETAILS

Contact us:

Sister Anna Chaplaincy Charitable Trust 44 Manse Road

Belfast BT8 6SA

Telephone: 028 90401810

Email: mmackey622@c2kni.net

TRUSTEE ARRANGEMENTS

Trust Members are as follows:

Mrs Amanda McNamee

Mr Gerard Sowney (Chair)

Mr Timothy Andrew Woods

Mrs Mary Mackey (Treasurer)

The Trustees have delegated responsibility for the on-going management of funds to the Treasurer, Mrs Mary Mackey.

The Trustees employed the following professional advisors during the period:

Accountants:	Cooper Parry Audit (Ireland) Limited,
	36-38 Northland Row, Dungannon, Co. Tyrone.
Investment Managers:	Davy Private Clients UK,
	DonegalHouse,7DonegalSquareNorth,Belfast.

Annual Report of the Trustees of Sister Anna Chaplaincy Charitable Trust (Continued)

for the year ended 31 March 2025

STRUCTURE, GOVERANCE AND MANAGEMENT

The Sister Anna Charitable Trust (SACT) was a restricted Capital Fund set up with IEF, by the late Sister Anna, in 2004. The interest from the Trust was used to contribute to the support of Lagan College Chaplains. On 2 February 2021, with agreement of the former Trustees of the Sister Anna Charitable Trust, the IEF transferred this restricted Capital Fund to a newly formed Charity, The Sister Anna Chaplaincy Charitable Trust, (SACCT) to be administered by Lagan College Limited.

The Trust Board are recruited by Lagan College Limited. The Board of Trustees is made up of three Directors and the Treasurer of Lagan College Limited. Each Trustee may serve three years after which period they may put themselves forward for reappointment for a second further term, however no member may serve longer than six years or, if resolved by all the then Directors of Lagan College Limited in accordance with the Articles of Association, nine years continuously.

The Trustees will meet on an annual basis to agree the broad strategy and areas of activity for the Fund including fundraising, investments performance, reserves, risk management and other policies and procedures.

This meeting may occur via video conferencing.

The Board of Trustees will continue to apply the interest from the funds for the purpose intended by the founders of the Sister Anna Charitable Trust.

ACHIEVEMENTS AND PERFORMANCE

The Sister Anna Chaplaincy Charitable Trust was set up on 6 March 2020. No transactions occurred until 2 February 2021 when the Sister Anna Chaplaincy Charitable Trust portfolio was opened and funds transferred from IEF.

The trust funds are managed by Davy Private Clients UK. The total transfer value was £189,542.

During the year from 1 April 2025 to 31 March 2025 the fund gained £7,675

Market Performance has led to an increase in the capital sum to £216,475 at 31 March 2025.

Public Benefit Statement

The Trustees of Sister Anna Chaplaincy Charitable Trust confirm that they have complied with their duty under section 4(6) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has informed the activities of the charitable company in the year ended 31 March 2025.

Annual Report of the Trustees of Sister Anna Chaplaincy Charitable Trust (Continued) for the year ended 31 March 2025

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 harmony and equality or diversity. The beneficiaries are the children, parents and staff of Lagan College Belfast.

diaThis ri ia was approveda HR by Trustees lanes on 21 Januaryee 2026 and signed on its behalf by: Mrs Amanda McNamee Trustee Registered office: Sister Anna Chaplaincy Charitable Trust 44 Manse Road Belfast BT8 GSA

Charity Registration Number: 107366

INDEPENDENT EXAMINER'S REPORT

to the members on the unaudited financial statements

of Sister Anna Chaplaincy Charitable Trust for the year ended 31 March 2025.

We report on the financial statements of the charitable trust for the year ended 31 March 2025.

Respective Responsibilities of Directors and Independent Examiner

As the charitable trust's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Having satisfied ourselves that the charitable trust is not subject to audit under charity law, and is eligible for independent examination, it is our responsibility to:

e examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
e follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and
e state whether particular matters have come to our attention.

Basis of Independent Examiner's Report

We have examined your charitable trust's financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008. The examination included a review of the accounting records kept by the charitable trust and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

e That accounting records were not kept in accordance with section 63 of the Charities Act (Northern Ireland) 2008; or
e That the accounts do not accord with those accounting records; or
e That the accounts do not comply with the accounting requirements of section 64 of the Charities Act (Northern Ireland) 2008 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; or
e That there is further information needed for a proper understanding of the accounts to be reached.

INDEPENDENT EXAMINER'S REPORT (Continued)

to the members on the unaudited financial statements of

Sister Anna Chaplaincy Charitable Trust for the year ended 31 March 2025

Independent Examiner's Statement

We have completed our examination and have no concerns in respect of the matters listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.

/ f /f Law fe LL fleA] fk CharteredCo per PanAccountantsAudit (Ireland)& Statutory Limited Auditors 36-38 Northland Row Dungannon Co. Tyrone BT716AP

Date:

Statement of Financial Activities Year ended 31 March 2025

Sister Anna Chaplaincy Charitable Trust

		2025				2024
	Restricted Funds	Unrestricted Funds	Tota	I	Restricted Funds	Unrestricted Funds		Total ota
	£	£	£		£	£		£
Income
Gains/(Losses) on Investment Income	9,580	.	9,580		20,489		.	20,489
Total Income	9,580	-	9,580		20,489		-	20,489
Expenditure
Investment
Management Costs	1,905	-	1,905		1,730		-	1,730
	;	;	;
Accounts Fee					500		-	500
Total Expenditure	1,905	:	1,905		2,230			2,230
NetMovement	7,675	-	7,675		18,259		-	18,259
in Funds
Reconciliation of Funds
Apiaoee	208,800	-	208,800		190,541		-	190,541
Fund Balance at 31 March	216,475	-	216,475		208,800		-	208,800
2025

This statement offinancial activities 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 2025	2025	2024
	£	£
Fixed assets
Investments	218,475	210,800
Total Fixed Assets	248,475	~—s«.210,800
Payables: Amounts falling due within one year	(2,000)	(2,000)
NetAssets	246,475	208.800
Funds forthe Charity
Restricted funds	216,475	208,800
Unrestricted Funds	=	i
TotalCharityFunds	«246,475	~—«-208,800

The financial statements were approved and authorised for issue by the Trustees on 21 January 2026 and signedjon their behalf by:

Mrs A McNamee y Trustee

Sister Anna Chaplaincy Charitable Trust

Notes to the Financial Statements Year ended 31 March 2025

1. Accounting Policies

1 (a) Basis of Preparation

The financial statements 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 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's 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 harmony 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 (b) 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 F 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 entitlement 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 investment income is earned from holding assets for investment purposes and includes dividends and interest.

Sister Anna Chaplaincy Charitable Trust

Notes to the Financial Statements (Continued) Year ended 31 March 2025

1 (d) Resources Expended

Expenditure is accounted for on an accruals basis and classified under headings that aggregate all costs related to that category.

1 (e) Fixed Asset Investments

Investments are stated at 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 (f) 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 of assets held by the trust are the level of investment return and the performance of investment markets.